Weekly ETF Flows See $8.5B Gain

A slowdown in equities was the prime reason for lower inflows than the prior week.

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Reviewed by: Dan Mika
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Edited by: Dan Mika

Investments into U.S.-listed ETFs hit a net $8.5 billion during the week ended Aug. 26, according to ETF.com data provider FactSet, a slowdown from the $17.9 billion the previous week.

A slowdown in U.S. equities from $12.1 billion last week to just $2.5 billion in the past five trading days was the primary driver of the week-to-week decline. However, a 57% increase in U.S. fixed income inflows to $4.6 billion was a partial offset.

U.S.-listed ETFs have now gained  $569.6 billion year-to-date, while $6.7 trillion in assets are under management within the industry.

China Funds Resurge

Beijing’s moves to rein in large industries across China during the past few months have cast a shadow over ETFs that track U.S.-listed Chinese firms.

But earnings beats for two prominent China e-commerce firms calmed investors’ fears of political risk, and made the Invesco Golden Dragon China ETF (PGJ) and KraneShares CSI China Internet ETF (KWEB) the top-performing ETFs of the week, with returns of 13.72% and 12.74%, respectively.

KWEB also had the largest percentage gain in assets out of all ETFs in the week, jumping 11.57% after several tumultuous weeks of sell-offs and holdouts believing the fund is due for a rebound.

Oil Production, Banking ETFs Get Corrections

The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) and Invesco KBW Bank ETF (KBWB) had the deepest sell-offs of the week, with AUM losses of 18.19% and 9.49%, respectively.

It’s not exactly clear why XOP suffered such a violent drop, as forward-month oil gained 8.5% from Monday to 2:30 p.m. ET Friday on news that China reported no locally  transmitted cases of COVID-19 for the first time in months on Monday.

Oil producer stocks are also gaining Friday after Tropical Storm Ida was forecast to grow into a Category 3 storm as it travels through the Gulf of Mexico and the shores of Louisiana sometime late Sunday. Crews are being evacuated from offshore rigs in anticipation of the storm, which may have significant effects on oil supply.

KBWB’s drop in assets appears to have been caused by investors cycling out of defensive moves into financials two weeks ago. The fund gained 17.34% in that period to lead gains among several banking ETFs.

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
QQQInvesco QQQ Trust1,410.18189,685.650.74%
VTIVanguard Total Stock Market ETF1,092.73268,182.620.41%
IVViShares Core S&P 500 ETF847.76302,236.960.28%
VOOVanguard S&P 500 ETF780.36251,893.960.31%
KWEBKraneShares CSI China Internet ETF638.465,468.9911.67%
SCZiShares MSCI EAFE Small-Cap ETF481.3513,890.873.47%
TLTiShares 20+ Year Treasury Bond ETF479.0317,440.612.75%
XLPConsumer Staples Select Sector SPDR Fund467.5713,326.473.51%
VXUSVanguard Total International Stock ETF437.1149,629.320.88%
IWFiShares Russell 1000 Growth ETF412.6074,898.940.55%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-5,327.69393,494.76-1.35%
GLDSPDR Gold Trust-770.1458,227.97-1.32%
IWMiShares Russell 2000 ETF-715.7265,568.78-1.09%
XOPSPDR S&P Oil & Gas Exploration & Production ETF-524.422,882.67-18.19%
DIASPDR Dow Jones Industrial Average ETF Trust-433.4630,539.55-1.42%
TQQQProShares UltraPro QQQ-301.6614,124.47-2.14%
XLBMaterials Select Sector SPDR Fund-277.318,469.20-3.27%
KBWBInvesco KBW Bank ETF-269.862,844.57-9.49%
SHViShares Short Treasury Bond ETF-225.3614,437.73-1.56%
XLIIndustrial Select Sector SPDR Fund-216.6419,067.78-1.14%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity2,496.293,978,814.700.06%
International Equity2,680.501,282,716.500.21%
U.S. Fixed Income4,574.971,073,429.370.43%
International Fixed Income388.93149,012.230.26%
Commodities-1,077.06138,354.29-0.78%
Currency-6.771,927.45-0.35%
Leveraged-641.3062,502.31-1.03%
Inverse-22.0611,705.33-0.19%
Asset Allocation16.1518,061.810.09%
Alternatives39.386,755.080.58%
Total:8,449.036,723,279.080.13%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity266,015.363,978,814.706.69%
International Equity158,331.451,282,716.5012.34%
U.S. Fixed Income111,325.761,073,429.3710.37%
International Fixed Income26,925.42149,012.2318.07%
Commodities-3,184.23138,354.29-2.30%
Currency50.981,927.452.64%
Leveraged-534.3562,502.31-0.85%
Inverse4,745.7111,705.3340.54%
Asset Allocation3,388.3118,061.8118.76%
Alternatives2,557.396,755.0837.86%
Total:569,621.816,723,279.088.47%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
PGJInvesco Golden Dragon China ETF13.72%596,932222.23
KWEBKraneShares CSI China Internet ETF12.74%117,934,3245,468.99
DSPCThe De-SPAC ETF12.20%4,6352.91
PXIInvesco DWA Energy Momentum ETF12.10%2,114,90976.12
URNMNorth Shore Global Uranium Mining ETF11.68%426,644303.92
XOPSPDR S&P Oil & Gas Exploration & Production ETF10.58%43,179,0872,882.67
XESSPDR S&P Oil & Gas Equipment & Services ETF10.50%284,762138.70
CNCRLoncar Cancer Immunotherapy ETF10.43%75,00243.81
BKCHGlobal X Blockchain ETF10.39%269,88127.89
PSCEInvesco S&P SmallCap Energy ETF10.35%3,695,472114.77

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
BDRYBreakwave Dry Bulk Shipping ETF281.82%0.44%93.14
JJTiPath Series B Bloomberg Tin Subindex Total Return ETN81.21%-0.41%15.11
GRNiPath Series B Carbon ETN74.49%5.28%71.21
REMXVanEck Vectors Rare Earth/Strategic Metals ETF71.10%8.89%991.63
MLPOCredit Suisse S&P MLP Index ETN61.84%2.52%22.45
PXEInvesco Dynamic Energy Exploration & Production ETF55.55%9.94%72.08
FCGFirst Trust Natural Gas ETF55.01%10.21%226.55
XRTSPDR S&P Retail ETF51.52%4.73%1,166.99
FUEELEMENTS Linked to the ICE BofAML Commodity Index eXtra Biofuels - Total Return ETN50.81%0.91%1.58
KRBNKraneShares Global Carbon ETF50.63%3.98%610.72

 

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.