Weekly ETF Flows See $4B Gain

But U.S. equities marked their second straight week of losses.

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Reviewed by: Dan Mika
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Edited by: Dan Mika

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)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
VOOVanguard S&P 500 ETF1,600.80237,715.440.67%
VTIVanguard Total Stock Market ETF1,016.08256,266.950.40%
XLVHealth Care Select Sector SPDR Fund947.3929,823.373.18%
TLTiShares 20+ Year Treasury Bond ETF713.9316,583.834.30%
IEFAiShares Core MSCI EAFE ETF705.4597,136.300.73%
IVViShares Core S&P 500 ETF694.98291,069.260.24%
TIPiShares TIPS Bond ETF512.1828,880.731.77%
HYGiShares iBoxx USD High Yield Corporate Bond ETF473.9420,881.552.27%
QUALiShares MSCI USA Quality Factor ETF445.9922,402.361.99%
VEAVanguard FTSE Developed Markets ETF389.44101,955.010.38%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-3,475.35378,611.34-0.92%
IYRiShares U.S. Real Estate ETF-1,382.845,776.45-23.94%
IEFiShares 7-10 Year Treasury Bond ETF-912.6412,671.82-7.20%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF-608.0439,581.55-1.54%
XLFFinancial Select Sector SPDR Fund-565.5939,845.73-1.42%
XLEEnergy Select Sector SPDR Fund-544.0124,054.04-2.26%
DIASPDR Dow Jones Industrial Average ETF Trust-538.4930,401.44-1.77%
ARKKARK Innovation ETF-479.2323,576.47-2.03%
EWCiShares MSCI Canada ETF-443.533,898.17-11.38%
LMBSFirst Trust Low Duration Opportunities ETF-412.746,853.04-6.02%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-770.413,840,456.63-0.02%
International Equity1,531.491,278,687.660.12%
U.S. Fixed Income1,792.061,048,373.400.17%
International Fixed Income740.81144,193.860.51%
Commodities-132.48142,416.41-0.09%
Currency-15.481,915.25-0.81%
Leveraged522.9661,549.000.85%
Inverse269.2211,783.282.28%
Asset Allocation79.0116,538.480.48%
Alternatives5.736,414.620.09%
Total:4,022.916,552,328.600.06%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity220,590.463,840,456.635.74%
International Equity139,654.841,278,687.6610.92%
U.S. Fixed Income86,394.281,048,373.408.24%
International Fixed Income22,487.05144,193.8615.60%
Commodities-792.48142,416.41-0.56%
Currency36.291,915.251.89%
Leveraged726.7461,549.001.18%
Inverse4,230.8311,783.2835.91%
Asset Allocation2,159.5416,538.4813.06%
Alternatives2,103.256,414.6232.79%
Total:477,590.816,552,328.607.29%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
CLIXProShares Long Online/Short Stores ETF7.77%32,55098.85
ONLNProShares Online Retail ETF7.29%291,5041,090.67
REMXVanEck Vectors Rare Earth/Strategic Metals ETF5.36%629,801783.08
LITGlobal X Lithium & Battery Tech ETF4.64%1,920,6743,771.17
CHIMGlobal X MSCI China Materials ETF4.61%3,4645.51
SOGUThe Short De-SPAC ETF4.54%14,72416.04
GOVZiShares 25+ Year Treasury STRIPS Bond ETF2.97%65,254413.30
ZROZPIMCO 25+ Year Zero Coupon US Treasury Index ETF2.93%267,603415.97
EDVVanguard Extended Duration Treasury ETF2.75%542,2331,118.20
VIXYProShares VIX Short-Term Futures ETF2.67%9,049,119277.68

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
BDRYBreakwave Dry Bulk Shipping ETF249.61%0.19%102.83
ILCViShares Morningstar Value ETF132.99%-0.59%725.39
FCGFirst Trust Natural Gas ETF76.89%-6.22%292.60
JJTiPath Series B Bloomberg Tin Subindex Total Return ETN74.23%0.75%10.31
PXEInvesco Dynamic Energy Exploration & Production ETF73.97%-5.94%90.18
PSCEInvesco S&P SmallCap Energy ETF70.99%-6.83%199.49
MLPOCredit Suisse S&P MLP Index ETN67.51%2.68%24.52
FRAKVanEck Vectors Unconventional Oil & Gas ETF65.77%-6.56%18.40
GRNiPath Series B Carbon ETN63.56%-7.39%58.47
PXIInvesco DWA Energy Momentum ETF63.02%-7.31%196.68

 

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.

Dan Mika is a reporter for etf.com. He has previously covered business for the Ames Tribune and Cedar Rapids Gazette in Iowa, and BizWest Media in Fort Collins, Colorado. Dan holds a bachelor's degree in journalism from Truman State University.