Weekly ETF Flows See $4B Gain

New inflows in U.S.-based ETFs declined by about $500 million week-over-week, but still posted an overall gain of just over $4 billion in the week ending July 8.

Despite hitting new highs earlier in the week, the S&P 500 saw a 1.5% decline upon opening on Thursday before recovering to a 0.82% loss on the day, while the 10-year Treasury yield fell as low as 1.27%. Investors were taking in the possibility of the COVID-19 delta variant’s potential to slow global recovery and cause illness to vaccinated Americans.

U.S.-based ETFs have garnered $477.6 billion in net flows this year, and now hold $6.55 trillion in assets under management.

US Equities Slide Again

It wasn’t quite the heartbeat-trade-driven rout that occurred at the quarter’s end last week, but U.S. equities saw outflows of $770 million during this week. That marks the second straight week of outflows after going nearly the entire first half of the year with weekly gains.

The SPDR S&P 500 ETF Trust (SPY) was the biggest loser of the week, with outflows of $3.5 billion. However, the Vanguard S&P 500 ETF (VOO), the Vanguard Total Stock Market ETF (VTI) and the iShares Core S&P 500 ETF (IVV) posted a combined inflow of about $3.3 billion. That suggests investors were looking to shave their expense ratios in the broad equities portion of their portfolios.

Rough Week For IYR

The iShares U.S. Real Estate ETF (IYR) suffered outflows of $1.39 billion during the period, amounting to a loss of almost 24%.

The benchmark real estate fund appears to be in a correction after it recorded almost $2.6 billion in net flows last month. Fears over whether COVID-19 could surge again likely played a part in the drop, as the fund is heavily weighted toward commercial and specialized REITs, along with broader fears over a slowdown in the global recovery from the pandemic.

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

Top 10 Creations (All ETFs)

Top 10 Redemptions (All ETFs)

ETF Weekly Flows By Asset Class

Asset Classes (Year-to-Date)

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

Top 10 YTD Performers

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.