Weekly ETF Flows Turn Negative

Dec 05, 2022

Reviewed by: Shubham Saharan

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)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
TLT	iShares 20+ Year Treasury Bond ETF	1,890.69	29,495.59	6.41%
IVV	iShares Core S&P 500 ETF	1,474.60	312,510.15	0.47%
IEF	iShares 7-10 Year Treasury Bond ETF	1,250.43	23,497.29	5.32%
NRGD	MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN	1,181.95	1,456.66	81.14%
AGG	iShares Core U.S. Aggregate Bond ETF	685.27	81,423.81	0.84%
VOO	Vanguard S&P 500 ETF	666.06	278,720.81	0.24%
VTEB	Vanguard Tax-Exempt Bond ETF	610.50	24,152.33	2.53%
EEM	iShares MSCI Emerging Markets ETF	473.98	23,484.86	2.02%
MUB	iShares National Muni Bond ETF	443.74	31,796.35	1.40%
JEPI	JPMorgan Equity Premium Income ETF	441.76	16,671.52	2.65%

Top 10 Redemptions (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
SPY	SPDR S&P 500 ETF Trust	-5,531.30	381,598.34	-1.45%
VTV	Vanguard Value ETF	-4,543.89	101,978.91	-4.46%
QQQ	Invesco QQQ Trust	-3,481.43	161,757.12	-2.15%
LQD	iShares iBoxx USD Investment Grade Corporate Bond ETF	-2,267.40	37,669.07	-6.02%
SHY	iShares 1-3 Year Treasury Bond ETF	-1,171.66	27,611.32	-4.24%
VGIT	Vanguard Intermediate-Term Treasury Index ETF	-681.39	13,013.19	-5.24%
XLI	Industrial Select Sector SPDR Fund	-646.50	13,831.93	-4.67%
IWM	iShares Russell 2000 ETF	-463.33	55,948.91	-0.83%
TIP	iShares TIPS Bond ETF	-393.00	24,706.02	-1.59%
KOLD	ProShares UltraShort Bloomberg Natural Gas	-361.12	158.05	-228.48%

ETF Weekly Flows By Asset Class

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	-8,771.45	4,069,454.24	-0.22%
International Equity	1,756.90	1,185,086.83	0.15%
U.S. Fixed Income	2,083.60	1,164,537.28	0.18%
International Fixed Income	561.46	139,235.23	0.40%
Commodities	-460.78	133,338.35	-0.35%
Currency	-25.94	4,137.87	-0.63%
Leveraged	-171.40	52,679.94	-0.33%
Inverse	2,026.42	23,356.50	8.68%
Asset Allocation	180.35	17,090.94	1.06%
Alternatives	-53.70	8,630.64	-0.62%
Total:	-2,874.57	6,797,547.84	-0.04%

Asset Classes (Year-to-Date)

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	262,841.15	4,069,454.24	6.46%
International Equity	90,143.63	1,185,086.83	7.61%
U.S. Fixed Income	175,048.12	1,164,537.28	15.03%
International Fixed Income	6,701.77	139,235.23	4.81%
Commodities	-3,876.56	133,338.35	-2.91%
Currency	1,830.45	4,137.87	44.24%
Leveraged	19,846.37	52,679.94	37.67%
Inverse	10,386.14	23,356.50	44.47%
Asset Allocation	695.47	17,090.94	4.07%
Alternatives	2,305.69	8,630.64	26.72%
Total:	565,922.23	6,797,547.84	8.33%

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

Ticker	Name	Weekly Performance	Weekly Volume	AUM ($, mm)
CHIQ	Global X MSCI China Consumer Discretionary ETF	13.26%	314,504	278.48
PGJ	Invesco Golden Dragon China ETF	13.19%	637,159	206.68
KWEB	KraneShares CSI China Internet ETF	12.64%	106,563,392	6,020.92
SGDJ	Sprott Junior Gold Miners ETF	11.59%	206,615	109.91
GDMN	WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	11.46%	20,454	8.22
SLVP	iShares MSCI Global Silver and Metals Miners ETF	11.35%	344,748	201.53
GDXJ	VanEck Junior Gold Miners ETF	11.10%	30,164,967	3,885.29
GOEX	Global X Gold Explorers ETF	10.98%	12,322	36.16
MJ	ETFMG Alternative Harvest ETF	10.79%	2,656,719	431.66
KTEC	KraneShares Hang Seng TECH Index ETF	10.43%	52,293	6.71

Top 10 YTD Performers

Ticker	Name	YTD Performance	Weekly Performance	AUM ($, mm)
MLPO	Credit Suisse S&P MLP Index ETN	389.60%	9.50%	30.13
UNL	United States 12 Month Natural Gas Fund LP	93.51%	-0.92%	34.97
TUR	iShares MSCI Turkey ETF	89.57%	2.73%	374.99
GAZ	iPath Series B Bloomberg Natural Gas Subindex Total Return ETN	74.03%	-6.66%	15.50
PXE	Invesco Dynamic Energy Exploration & Production ETF	71.60%	-0.77%	340.25
FENY	Fidelity MSCI Energy Index ETF	68.86%	1.51%	1,713.41
XLE	Energy Select Sector SPDR Fund	68.78%	1.68%	42,972.82
VDE	Vanguard Energy ETF	68.49%	1.44%	8,856.46
IEO	iShares U.S. Oil & Gas Exploration & Production ETF	68.49%	0.60%	1,198.42
UNG	United States Natural Gas Fund LP	67.09%	-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

| Contact: [email protected]

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.

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Weekly ETF Flows Turn Negative

Weekly ETF Flows Turn Negative

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