Weekly ETF Flows See $4B Gain
But U.S. equities marked their second straight week of losses.
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 $2.6 billion in net flows last month. Fears over whether COVID-19 could surge again likely played a part in the drop, as the fund is heavily weighted toward commercial and specialized REITs, along with broader fears over a slowdown in the global recovery from the pandemic.
For a full list of this week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
VOO | Vanguard S&P 500 ETF | 1,600.80 | 237,715.44 | 0.67% |
VTI | Vanguard Total Stock Market ETF | 1,016.08 | 256,266.95 | 0.40% |
XLV | Health Care Select Sector SPDR Fund | 947.39 | 29,823.37 | 3.18% |
TLT | iShares 20+ Year Treasury Bond ETF | 713.93 | 16,583.83 | 4.30% |
IEFA | iShares Core MSCI EAFE ETF | 705.45 | 97,136.30 | 0.73% |
IVV | iShares Core S&P 500 ETF | 694.98 | 291,069.26 | 0.24% |
TIP | iShares TIPS Bond ETF | 512.18 | 28,880.73 | 1.77% |
HYG | iShares iBoxx USD High Yield Corporate Bond ETF | 473.94 | 20,881.55 | 2.27% |
QUAL | iShares MSCI USA Quality Factor ETF | 445.99 | 22,402.36 | 1.99% |
VEA | Vanguard FTSE Developed Markets ETF | 389.44 | 101,955.01 | 0.38% |
Top 10 Redemptions (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
SPY | SPDR S&P 500 ETF Trust | -3,475.35 | 378,611.34 | -0.92% |
IYR | iShares U.S. Real Estate ETF | -1,382.84 | 5,776.45 | -23.94% |
IEF | iShares 7-10 Year Treasury Bond ETF | -912.64 | 12,671.82 | -7.20% |
LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | -608.04 | 39,581.55 | -1.54% |
XLF | Financial Select Sector SPDR Fund | -565.59 | 39,845.73 | -1.42% |
XLE | Energy Select Sector SPDR Fund | -544.01 | 24,054.04 | -2.26% |
DIA | SPDR Dow Jones Industrial Average ETF Trust | -538.49 | 30,401.44 | -1.77% |
ARKK | ARK Innovation ETF | -479.23 | 23,576.47 | -2.03% |
EWC | iShares MSCI Canada ETF | -443.53 | 3,898.17 | -11.38% |
LMBS | First Trust Low Duration Opportunities ETF | -412.74 | 6,853.04 | -6.02% |
ETF Weekly Flows By Asset Class
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | -770.41 | 3,840,456.63 | -0.02% |
International Equity | 1,531.49 | 1,278,687.66 | 0.12% |
U.S. Fixed Income | 1,792.06 | 1,048,373.40 | 0.17% |
International Fixed Income | 740.81 | 144,193.86 | 0.51% |
Commodities | -132.48 | 142,416.41 | -0.09% |
Currency | -15.48 | 1,915.25 | -0.81% |
Leveraged | 522.96 | 61,549.00 | 0.85% |
Inverse | 269.22 | 11,783.28 | 2.28% |
Asset Allocation | 79.01 | 16,538.48 | 0.48% |
Alternatives | 5.73 | 6,414.62 | 0.09% |
Total: | 4,022.91 | 6,552,328.60 | 0.06% |
Asset Classes (Year-to-Date)
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 220,590.46 | 3,840,456.63 | 5.74% |
International Equity | 139,654.84 | 1,278,687.66 | 10.92% |
U.S. Fixed Income | 86,394.28 | 1,048,373.40 | 8.24% |
International Fixed Income | 22,487.05 | 144,193.86 | 15.60% |
Commodities | -792.48 | 142,416.41 | -0.56% |
Currency | 36.29 | 1,915.25 | 1.89% |
Leveraged | 726.74 | 61,549.00 | 1.18% |
Inverse | 4,230.83 | 11,783.28 | 35.91% |
Asset Allocation | 2,159.54 | 16,538.48 | 13.06% |
Alternatives | 2,103.25 | 6,414.62 | 32.79% |
Total: | 477,590.81 | 6,552,328.60 | 7.29% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
CLIX | ProShares Long Online/Short Stores ETF | 7.77% | 32,550 | 98.85 |
ONLN | ProShares Online Retail ETF | 7.29% | 291,504 | 1,090.67 |
REMX | VanEck Vectors Rare Earth/Strategic Metals ETF | 5.36% | 629,801 | 783.08 |
LIT | Global X Lithium & Battery Tech ETF | 4.64% | 1,920,674 | 3,771.17 |
CHIM | Global X MSCI China Materials ETF | 4.61% | 3,464 | 5.51 |
SOGU | The Short De-SPAC ETF | 4.54% | 14,724 | 16.04 |
GOVZ | iShares 25+ Year Treasury STRIPS Bond ETF | 2.97% | 65,254 | 413.30 |
ZROZ | PIMCO 25+ Year Zero Coupon US Treasury Index ETF | 2.93% | 267,603 | 415.97 |
EDV | Vanguard Extended Duration Treasury ETF | 2.75% | 542,233 | 1,118.20 |
VIXY | ProShares VIX Short-Term Futures ETF | 2.67% | 9,049,119 | 277.68 |
Top 10 YTD Performers
Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
BDRY | Breakwave Dry Bulk Shipping ETF | 249.61% | 0.19% | 102.83 |
ILCV | iShares Morningstar Value ETF | 132.99% | -0.59% | 725.39 |
FCG | First Trust Natural Gas ETF | 76.89% | -6.22% | 292.60 |
JJT | iPath Series B Bloomberg Tin Subindex Total Return ETN | 74.23% | 0.75% | 10.31 |
PXE | Invesco Dynamic Energy Exploration & Production ETF | 73.97% | -5.94% | 90.18 |
PSCE | Invesco S&P SmallCap Energy ETF | 70.99% | -6.83% | 199.49 |
MLPO | Credit Suisse S&P MLP Index ETN | 67.51% | 2.68% | 24.52 |
FRAK | VanEck Vectors Unconventional Oil & Gas ETF | 65.77% | -6.56% | 18.40 |
GRN | iPath Series B Carbon ETN | 63.56% | -7.39% | 58.47 |
PXI | Invesco DWA Energy Momentum ETF | 63.02% | -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.