Weekly ETF Flows Turn Negative
Exchange-traded funds saw nearly $3 billion in outflows last week.
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.
