ETFs Eked Out $3B in Inflows Last Week

November 07, 2022

Investors retreated from equity and fixed income exchange-traded funds amid a market slowdown, as inflows posted a meager $2.8 billion in gains, down 93.3% from the $42 billion seen the week prior.

Equity markets plummeted in the week ending Nov. 4, as continued hawkish messaging from the Federal Reserve and a fourth consecutive 75 basis point rate hike led to a stock sell-off. The S&P 500 tumbled 3.4% by the end of the week, while the Nasdaq dipped 5.6%, the largest drop since late January.  

Equity-focused ETFs pulled in just $757.5 million, down from the $26.5 billion that poured into the asset class the previous week. Top shedders of the week included the SPDR S&P 500 ETF Trust (SPY), the Invesco QQQ Trust (QQQ) and the Vanguard Total Stock Market ETF (VTI), which cumulatively lost more than $6.3 billion, according to ETF.com data.  

Meanwhile, Treasury yields soared on the central bank’s announcement, with the benchmark 10-year note reaching 4.2%, while the policy-sensitive two-year  Treasury bill hit just over 4.7% by midday trading Monday.  

Inflows into U.S. fixed income vehicles similarly retreated, as the sector brought in just $1.6 billion last week, compared with the $13.4 billion haul the week prior. The iShares 20+ Year Treasury Bond ETF (TLT) shed more than $1.5 billion, according to ETF.com data.  

On the other side of the ledger, funds with the greatest inflows included the iShares iBoxx USD High Yield Corporate Bond ETF (HYG), the SPDR Bloomberg High Yield Bond ETF (JNK) and the Vanguard Intermediate-Term Corporate Bond Index Fund ETF (VCIT).  

 

For a full list of last week’s top inflows and outflows, see the tables below:  

 

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
HYG iShares iBoxx USD High Yield Corporate Bond ETF 2,195.35 15,361.34 14.29%
VOO Vanguard S&P 500 ETF 1,583.62 255,872.55 0.62%
JNK SPDR Bloomberg High Yield Bond ETF 858.23 8,205.05 10.46%
SPYV SPDR Portfolio S&P 500 Value ETF 725.39 13,546.88 5.35%
VCIT Vanguard Intermediate-Term Corporate Bond Index Fund ETF 546.10 37,834.23 1.44%
XLP Consumer Staples Select Sector SPDR Fund 542.97 15,858.21 3.42%
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF 528.40 34,883.36 1.51%
IEMG iShares Core MSCI Emerging Markets ETF 512.79 57,252.43 0.90%
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF 497.74 21,529.16 2.31%
SPTL SPDR Portfolio Long Term Treasury ETF 480.12 5,213.16 9.21%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 ETF Trust -3,362.91 349,405.05 -0.96%
SHV iShares Short Treasury Bond ETF -3,269.89 21,144.01 -15.46%
QQQ Invesco QQQ Trust -1,752.38 142,056.52 -1.23%
SDY SPDR S&P Dividend ETF -1,733.81 21,990.57 -7.88%
TLT iShares 20+ Year Treasury Bond ETF -1,515.22 22,948.61 -6.60%
EMB iShares JP Morgan USD Emerging Markets Bond ETF -1,345.98 12,691.05 -10.61%
VTI Vanguard Total Stock Market ETF -1,245.27 249,665.75 -0.50%
BIL SPDR Bloomberg 1-3 Month T-Bill ETF -979.80 25,422.44 -3.85%
GLD SPDR Gold Trust -825.03 47,475.04 -1.74%
IWM iShares Russell 2000 ETF -771.61 51,048.29 -1.51%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 757.45 3,707,078.50 0.02%
International Equity 1,981.60 1,029,068.49 0.19%
U.S. Fixed Income 1,555.66 1,096,255.83 0.14%
International Fixed Income -1,116.42 130,717.42 -0.85%
Commodities -1,098.22 123,572.68 -0.89%
Currency 19.41 4,645.20 0.42%
Leveraged 614.39 42,398.14 1.45%
Inverse -16.32 25,231.80 -0.06%
Asset Allocation 48.41 15,819.97 0.31%
Alternatives 69.48 9,071.65 0.77%
Total: 2,815.43 6,183,859.68 0.05%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 240,664.01 3,707,078.50 6.49%
International Equity 76,696.47 1,029,068.49 7.45%
U.S. Fixed Income 147,920.76 1,096,255.83 13.49%
International Fixed Income 3,548.52 130,717.42 2.71%
Commodities -2,143.15 123,572.68 -1.73%
Currency 2,101.13 4,645.20 45.23%
Leveraged 20,640.38 42,398.14 48.68%
Inverse 7,264.85 25,231.80 28.79%
Asset Allocation 393.99 15,819.97 2.49%
Alternatives 2,606.63 9,071.65 28.73%
Total: 499,693.61 6,183,859.68 8.08%

 

Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
BAL iPath Series B Bloomberg Cotton Subindex Total Return ETN 16.28% 63,590 26.31
NOPE Noble Absolute Return ETF 14.46% 332,043 16.82
MLPO Credit Suisse S&P MLP Index ETN 14.08% 29,053 29.69
CHNA Loncar China BioPharma ETF 11.76% 5,191 4.80
CHIQ Global X MSCI China Consumer Discretionary ETF 9.91% 791,063 232.34
KWEB KraneShares CSI China Internet ETF 9.74% 100,808,410 4,297.20
CHIH Global X MSCI China Health Care ETF 8.74% 5,867 8.73
KTEC KraneShares Hang Seng TECH Index ETF 8.58% 47,679 7.06
CHIC Global X MSCI China Communication Services ETF 8.53% 4,279 5.30
PGJ Invesco Golden Dragon China ETF 7.93% 589,972 184.44

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
PFIX Simplify Interest Rate Hedge ETF 105.39% -0.96% 411.99
MLPO Credit Suisse S&P MLP Index ETN 81.09% 14.08% 29.69
PXE Invesco Dynamic Energy Exploration & Production ETF 78.01% 0.78% 340.35
UNL United States 12 Month Natural Gas Fund LP 75.67% -2.19% 32.08
IEO iShares U.S. Oil & Gas Exploration & Production ETF 71.29% 1.29% 1,208.96
FENY Fidelity MSCI Energy Index ETF 68.52% 0.65% 1,703.00
VDE Vanguard Energy ETF 68.30% 0.64% 8,914.18
XLE Energy Select Sector SPDR Fund 67.80% 0.36% 43,080.54
IYE iShares U.S. Energy ETF 66.11% 0.54% 2,389.81
RYE Invesco S&P 500 Equal Weight Energy ETF 63.51% 0.53% 597.93

 

Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.

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