Weekly ETF Flows Turn Negative

December 05, 2022

Exchange-traded funds saw net outflows for the first time since September, as investors navigated a mixed bag of economic data.  

ETFs recorded almost $2.9 in outflows in the week ending Dec. 2, down from the $11 billion that piled in the week before. The S&P 500 climbed 1.1% during the week, while the Nasdaq rose 2.1%.

Stocks gyrated throughout the week, moving decisively higher after the central bank’s head, Jerome Powell, signaled on Wednesday a smaller interest rate hike as early as December, then posted losses after a better-than-expected jobs report last week rekindled fears of a looming recession.  

U.S. equity-focused ETFs posted $8.8 billion in outflows, down from the $895 million seen in the previous week. Funds that recorded the greatest outflows included the SPDR S&P 500 ETF Trust (SPY), the Invesco QQQ Trust (QQQ) and the iShares Russell 2000 ETF (IWM), which lost nearly $10.5 billion, cumulatively, according to ETF.com data.  

Meanwhile, U.S. fixed income funds pulled in $2.1 billion. Among the top performers were the iShares 20+ Year Treasury Bond ETF (TLT), the iShares 7-10 Year Treasury Bond ETF (IEF) and the iShares Core U.S. Aggregate Bond ETF (IGG). Still, the asset class netted lower inflows than the $5.9 billion seen the week prior.  

 

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
TLT iShares 20+ Year Treasury Bond ETF 1,890.69 29,495.59 6.41%
IVV iShares Core S&P 500 ETF 1,474.60 312,510.15 0.47%
IEF iShares 7-10 Year Treasury Bond ETF 1,250.43 23,497.29 5.32%
NRGD MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN 1,181.95 1,456.66 81.14%
AGG iShares Core U.S. Aggregate Bond ETF 685.27 81,423.81 0.84%
VOO Vanguard S&P 500 ETF 666.06 278,720.81 0.24%
VTEB Vanguard Tax-Exempt Bond ETF 610.50 24,152.33 2.53%
EEM iShares MSCI Emerging Markets ETF 473.98 23,484.86 2.02%
MUB iShares National Muni Bond ETF 443.74 31,796.35 1.40%
JEPI JPMorgan Equity Premium Income ETF 441.76 16,671.52 2.65%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 ETF Trust -5,531.30 381,598.34 -1.45%
VTV Vanguard Value ETF -4,543.89 101,978.91 -4.46%
QQQ Invesco QQQ Trust -3,481.43 161,757.12 -2.15%
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF -2,267.40 37,669.07 -6.02%
SHY iShares 1-3 Year Treasury Bond ETF -1,171.66 27,611.32 -4.24%
VGIT Vanguard Intermediate-Term Treasury Index ETF -681.39 13,013.19 -5.24%
XLI Industrial Select Sector SPDR Fund -646.50 13,831.93 -4.67%
IWM iShares Russell 2000 ETF -463.33 55,948.91 -0.83%
TIP iShares TIPS Bond ETF -393.00 24,706.02 -1.59%
KOLD ProShares UltraShort Bloomberg Natural Gas -361.12 158.05 -228.48%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -8,771.45 4,069,454.24 -0.22%
International Equity 1,756.90 1,185,086.83 0.15%
U.S. Fixed Income 2,083.60 1,164,537.28 0.18%
International Fixed Income 561.46 139,235.23 0.40%
Commodities -460.78 133,338.35 -0.35%
Currency -25.94 4,137.87 -0.63%
Leveraged -171.40 52,679.94 -0.33%
Inverse 2,026.42 23,356.50 8.68%
Asset Allocation 180.35 17,090.94 1.06%
Alternatives -53.70 8,630.64 -0.62%
Total: -2,874.57 6,797,547.84 -0.04%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 262,841.15 4,069,454.24 6.46%
International Equity 90,143.63 1,185,086.83 7.61%
U.S. Fixed Income 175,048.12 1,164,537.28 15.03%
International Fixed Income 6,701.77 139,235.23 4.81%
Commodities -3,876.56 133,338.35 -2.91%
Currency 1,830.45 4,137.87 44.24%
Leveraged 19,846.37 52,679.94 37.67%
Inverse 10,386.14 23,356.50 44.47%
Asset Allocation 695.47 17,090.94 4.07%
Alternatives 2,305.69 8,630.64 26.72%
Total: 565,922.23 6,797,547.84 8.33%

 

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
CHIQ Global X MSCI China Consumer Discretionary ETF 13.26% 314,504 278.48
PGJ Invesco Golden Dragon China ETF 13.19% 637,159 206.68
KWEB KraneShares CSI China Internet ETF 12.64% 106,563,392 6,020.92
SGDJ Sprott Junior Gold Miners ETF 11.59% 206,615 109.91
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund 11.46% 20,454 8.22
SLVP iShares MSCI Global Silver and Metals Miners ETF 11.35% 344,748 201.53
GDXJ VanEck Junior Gold Miners ETF 11.10% 30,164,967 3,885.29
GOEX Global X Gold Explorers ETF 10.98% 12,322 36.16
MJ ETFMG Alternative Harvest ETF 10.79% 2,656,719 431.66
KTEC KraneShares Hang Seng TECH Index ETF 10.43% 52,293 6.71

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
MLPO Credit Suisse S&P MLP Index ETN 389.60% 9.50% 30.13
UNL United States 12 Month Natural Gas Fund LP 93.51% -0.92% 34.97
TUR iShares MSCI Turkey ETF 89.57% 2.73% 374.99
GAZ iPath Series B Bloomberg Natural Gas Subindex Total Return ETN 74.03% -6.66% 15.50
PXE Invesco Dynamic Energy Exploration & Production ETF 71.60% -0.77% 340.25
FENY Fidelity MSCI Energy Index ETF 68.86% 1.51% 1,713.41
XLE Energy Select Sector SPDR Fund 68.78% 1.68% 42,972.82
VDE Vanguard Energy ETF 68.49% 1.44% 8,856.46
IEO iShares U.S. Oil & Gas Exploration & Production ETF 68.49% 0.60% 1,198.42
UNG United States Natural Gas Fund LP 67.09% -6.66% 490.42

 

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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