Weekly ETF Flows Turn Negative

Exchange-traded funds saw nearly $3 billion in outflows last week.

ShubhamSaharan_white_bg
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Reviewed by: Shubham Saharan
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Edited by: Shubham Saharan

Exchange-traded funds saw net outflows for the first time since September, as investors navigated a mixed bag of economic data.  

ETFs recorded almost $2.9 in outflows in the week ending Dec. 2, down from the $11 billion that piled in the week before. The S&P 500 climbed 1.1% during the week, while the Nasdaq rose 2.1%.

Stocks gyrated throughout the week, moving decisively higher after the central bank’s head, Jerome Powell, signaled on Wednesday a smaller interest rate hike as early as December, then posted losses after a better-than-expected jobs report last week rekindled fears of a looming recession.  

U.S. equity-focused ETFs posted $8.8 billion in outflows, down from the $895 million seen in the previous week. Funds that recorded the greatest outflows included the SPDR S&P 500 ETF Trust (SPY), the Invesco QQQ Trust (QQQ) and the iShares Russell 2000 ETF (IWM), which lost nearly $10.5 billion, cumulatively, according to ETF.com data.  

Meanwhile, U.S. fixed income funds pulled in $2.1 billion. Among the top performers were the iShares 20+ Year Treasury Bond ETF (TLT), the iShares 7-10 Year Treasury Bond ETF (IEF) and the iShares Core U.S. Aggregate Bond ETF (IGG). Still, the asset class netted lower inflows than the $5.9 billion seen the week prior.  

 

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

 

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
TLTiShares 20+ Year Treasury Bond ETF1,890.6929,495.596.41%
IVViShares Core S&P 500 ETF1,474.60312,510.150.47%
IEFiShares 7-10 Year Treasury Bond ETF1,250.4323,497.295.32%
NRGDMicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN1,181.951,456.6681.14%
AGGiShares Core U.S. Aggregate Bond ETF685.2781,423.810.84%
VOOVanguard S&P 500 ETF666.06278,720.810.24%
VTEBVanguard Tax-Exempt Bond ETF610.5024,152.332.53%
EEMiShares MSCI Emerging Markets ETF473.9823,484.862.02%
MUBiShares National Muni Bond ETF443.7431,796.351.40%
JEPIJPMorgan Equity Premium Income ETF441.7616,671.522.65%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-5,531.30381,598.34-1.45%
VTVVanguard Value ETF-4,543.89101,978.91-4.46%
QQQInvesco QQQ Trust-3,481.43161,757.12-2.15%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF-2,267.4037,669.07-6.02%
SHYiShares 1-3 Year Treasury Bond ETF-1,171.6627,611.32-4.24%
VGITVanguard Intermediate-Term Treasury Index ETF-681.3913,013.19-5.24%
XLIIndustrial Select Sector SPDR Fund-646.5013,831.93-4.67%
IWMiShares Russell 2000 ETF-463.3355,948.91-0.83%
TIPiShares TIPS Bond ETF-393.0024,706.02-1.59%
KOLDProShares UltraShort Bloomberg Natural Gas-361.12158.05-228.48%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-8,771.454,069,454.24-0.22%
International Equity1,756.901,185,086.830.15%
U.S. Fixed Income2,083.601,164,537.280.18%
International Fixed Income561.46139,235.230.40%
Commodities-460.78133,338.35-0.35%
Currency-25.944,137.87-0.63%
Leveraged-171.4052,679.94-0.33%
Inverse2,026.4223,356.508.68%
Asset Allocation180.3517,090.941.06%
Alternatives-53.708,630.64-0.62%
Total:-2,874.576,797,547.84-0.04%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity262,841.154,069,454.246.46%
International Equity90,143.631,185,086.837.61%
U.S. Fixed Income175,048.121,164,537.2815.03%
International Fixed Income6,701.77139,235.234.81%
Commodities-3,876.56133,338.35-2.91%
Currency1,830.454,137.8744.24%
Leveraged19,846.3752,679.9437.67%
Inverse10,386.1423,356.5044.47%
Asset Allocation695.4717,090.944.07%
Alternatives2,305.698,630.6426.72%
Total:565,922.236,797,547.848.33%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
CHIQGlobal X MSCI China Consumer Discretionary ETF13.26%314,504278.48
PGJInvesco Golden Dragon China ETF13.19%637,159206.68
KWEBKraneShares CSI China Internet ETF12.64%106,563,3926,020.92
SGDJSprott Junior Gold Miners ETF11.59%206,615109.91
GDMNWisdomTree Efficient Gold Plus Gold Miners Strategy Fund11.46%20,4548.22
SLVPiShares MSCI Global Silver and Metals Miners ETF11.35%344,748201.53
GDXJVanEck Junior Gold Miners ETF11.10%30,164,9673,885.29
GOEXGlobal X Gold Explorers ETF10.98%12,32236.16
MJETFMG Alternative Harvest ETF10.79%2,656,719431.66
KTECKraneShares Hang Seng TECH Index ETF10.43%52,2936.71

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
MLPOCredit Suisse S&P MLP Index ETN389.60%9.50%30.13
UNLUnited States 12 Month Natural Gas Fund LP93.51%-0.92%34.97
TURiShares MSCI Turkey ETF89.57%2.73%374.99
GAZiPath Series B Bloomberg Natural Gas Subindex Total Return ETN74.03%-6.66%15.50
PXEInvesco Dynamic Energy Exploration & Production ETF71.60%-0.77%340.25
FENYFidelity MSCI Energy Index ETF68.86%1.51%1,713.41
XLEEnergy Select Sector SPDR Fund68.78%1.68%42,972.82
VDEVanguard Energy ETF68.49%1.44%8,856.46
IEOiShares U.S. Oil & Gas Exploration & Production ETF68.49%0.60%1,198.42
UNGUnited States Natural Gas Fund LP67.09%-6.66%490.42

 

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.

Shubham Saharan is a markets reporter at etf.com. Before joining the company, she reported for Bloomberg and the Financial Times. Saharan is a graduate of Barnard College of Columbia University.