Investors poured nearly $8.5 billion into exchange-traded funds in the week ending Nov. 9 as robust economic data spelled an uncertain future for the Federal Reserve’s rate hike path.
The net inflows mark a reversal from the week prior, wherein ETFs posted nearly $2.9 billion in outflows.
The S&P slid 3.4% during the week, while the Nasdaq slipped 4%. The downtick in both indices came as data released throughout the week revealed the producer price index beat analyst expectations, coming in at 0.3% for November, while a report from the Institute for Supply Management revealed continued growth in the U.S. service sector.
As Fed officials come together later this week to discuss the next prospective rate hike, investors continue to parse through economic data to decipher how long interest rates will remain elevated.
Still, investors piled $5.2 billion into U.S. equity funds, up from the $8.7 billion that left the asset class the week before. Top-performing funds included the SPDR S&P 500 ETF Trust (SPY), the Invesco QQQ Trust (QQQ) and the Vanguard S&P 500 ETF (VOO), which collectively pulled in over $2.7 billion, according to data from ETF.com.
Meanwhile, U.S. fixed income funds brought in $1.8 billion, dropping 14% from the $2.1 billion haul from the week prior. Funds that saw the most traction included the iShares Core U.S. Aggregate Bond ETF (AGG) and the Vanguard Intermediate-Term Corporate Bond Index Fund ETF (VCIT).
For a full list of last week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 ETF Trust | 1,197.38 | 372,432.77 | 0.32% |
| QQQ | Invesco QQQ Trust | 940.50 | 157,294.79 | 0.60% |
| VOO | Vanguard S&P 500 ETF | 629.85 | 271,689.34 | 0.23% |
| AGG | iShares Core U.S. Aggregate Bond ETF | 583.51 | 82,423.43 | 0.71% |
| IWF | iShares Russell 1000 Growth ETF | 560.70 | 61,308.20 | 0.91% |
| VCIT | Vanguard Intermediate-Term Corporate Bond Index Fund ETF | 475.16 | 40,646.00 | 1.17% |
| SPYV | SPDR Portfolio S&P 500 Value ETF | 429.58 | 15,056.67 | 2.85% |
| STIP | iShares 0-5 Year TIPS Bond ETF | 429.32 | 13,439.30 | 3.19% |
| VTEB | Vanguard Tax-Exempt Bond ETF | 427.43 | 24,667.79 | 1.73% |
| SUB | iShares Short-Term National Muni Bond ETF | 400.98 | 10,454.27 | 3.84% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| XLE | Energy Select Sector SPDR Fund | -702.40 | 39,408.15 | -1.78% |
| IWM | iShares Russell 2000 ETF | -695.51 | 53,382.45 | -1.30% |
| VTIP | Vanguard Short-Term Inflation-Protected Securities ETF | -675.03 | 16,722.03 | -4.04% |
| HYG | iShares iBoxx USD High Yield Corporate Bond ETF | -657.09 | 18,100.62 | -3.63% |
| TIP | iShares TIPS Bond ETF | -633.77 | 24,101.73 | -2.63% |
| BIL | SPDR Bloomberg 1-3 Month T-Bill ETF | -502.86 | 25,595.71 | -1.96% |
| IGV | iShares Expanded Tech-Software Sector ETF | -493.72 | 4,311.10 | -11.45% |
| JNK | SPDR Bloomberg High Yield Bond ETF | -476.45 | 9,663.86 | -4.93% |
| SHV | iShares Short Treasury Bond ETF | -473.48 | 19,600.64 | -2.42% |
| MDYG | SPDR S&P 400 Mid Cap Growth ETF | -408.90 | 1,629.18 | -25.10% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 5,216.76 | 3,960,525.63 | 0.13% |
| International Equity | 708.50 | 1,165,047.99 | 0.06% |
| U.S. Fixed Income | 1,786.80 | 1,169,656.57 | 0.15% |
| International Fixed Income | 656.83 | 140,212.63 | 0.47% |
| Commodities | -162.01 | 131,177.51 | -0.12% |
| Currency | -22.88 | 4,118.67 | -0.56% |
| Leveraged | 618.23 | 48,477.69 | 1.28% |
| Inverse | -667.82 | 22,511.48 | -2.97% |
| Asset Allocation | 234.18 | 17,098.26 | 1.37% |
| Alternatives | 82.25 | 8,691.35 | 0.95% |
| Total: | 8,450.84 | 6,667,517.78 | 0.13% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 268,061.43 | 3,960,525.63 | 6.77% |
| International Equity | 90,851.96 | 1,165,047.99 | 7.80% |
| U.S. Fixed Income | 176,834.92 | 1,169,656.57 | 15.12% |
| International Fixed Income | 7,358.61 | 140,212.63 | 5.25% |
| Commodities | -4,038.58 | 131,177.51 | -3.08% |
| Currency | 1,807.56 | 4,118.67 | 43.89% |
| Leveraged | 20,464.60 | 48,477.69 | 42.21% |
| Inverse | 9,718.32 | 22,511.48 | 43.17% |
| Asset Allocation | 929.66 | 17,098.26 | 5.44% |
| Alternatives | 2,387.94 | 8,691.35 | 27.47% |
| Total: | 574,376.42 | 6,667,517.78 | 8.61% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| NOPE | Noble Absolute Return ETF | 15.35% | 504,704 | 22.82 |
| BDRY | Breakwave Dry Bulk Shipping ETF | 13.05% | 1,680,923 | 39.29 |
| CHNA | Loncar China BioPharma ETF | 7.34% | 2,789 | 5.65 |
| UNG | United States Natural Gas Fund LP | 6.73% | 33,768,086 | 506.86 |
| GAZ | iPath Series B Bloomberg Natural Gas Subindex Total Return ETN | 6.44% | 153,904 | 14.52 |
| KWEB | KraneShares CSI China Internet ETF | 5.67% | 104,173,392 | 6,860.17 |
| JJN | iPath Series B Bloomberg Nickel Subindex Total Return ETN | 5.50% | 49,897 | 43.58 |
| ZROZ | PIMCO 25+ Year Zero Coupon US Treasury Index ETF | 5.45% | 1,232,495 | 810.07 |
| GOVZ | iShares 25+ Year Treasury STRIPS Bond ETF | 5.39% | 1,132,755 | 344.90 |
| KTEC | KraneShares Hang Seng TECH Index ETF | 4.89% | 189,037 | 7.49 |
Top 10 YTD Performers
| Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
| TUR | iShares MSCI Turkey ETF | 81.93% | -0.99% | 359.44 |
| UNL | United States 12 Month Natural Gas Fund LP | 75.93% | 3.98% | 31.95 |
| PFIX | Simplify Interest Rate Hedge ETF | 69.87% | -1.66% | 344.18 |
| XLE | Energy Select Sector SPDR Fund | 57.43% | -3.30% | 39,408.15 |
| FENY | Fidelity MSCI Energy Index ETF | 56.58% | -3.63% | 1,581.92 |
| VDE | Vanguard Energy ETF | 56.49% | -3.53% | 8,107.17 |
| MLPO | Credit Suisse S&P MLP Index ETN | 55.38% | -1.24% | 28.51 |
| IYE | iShares U.S. Energy ETF | 55.18% | -3.65% | 2,216.04 |
| OIH | VanEck Oil Services ETF | 53.34% | -3.37% | 2,296.78 |
| PXE | Invesco Dynamic Energy Exploration & Production ETF | 52.81% | -5.68% | 296.45 |
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.
