Weekly ETF Inflows Nearly $18B
SPY topped the inflows list for last week.
Investors used last week’s pullback in stocks to pick up some of their favorite exchange-traded funds. On net, $17.6 billion flowed into U.S.-listed ETFs during the week ending Friday, Oct. 14. Of that, $11.9 billion went into U.S. equity ETFs and another $3 billion went into U.S. fixed income ETFs.
Year-to-date inflows now stand at $440.4 billion, compared with $669.5 billion at this same time a year ago.
Topping last week’s inflows was the SPDR S&P 500 ETF Trust (SPY), with creations of $4.6 billion.
The fact that SPY picked up assets in a week in which the S&P 500 tumbled to fresh bear market intraday lows suggests that some may have used the pullback in stocks as a buying opportunity.
SPY is used extensively by traders, which contrasts with the buy-and-hold money that dominates competing funds like the iShares Core S&P 500 ETF (IVV) and the Vanguard 500 Index Fund ETF (VOO).
Since the start of the year, SPY has registered net outflows of $17.9 billion versus net inflows of $20.6 billion for IVV and $38.2 billion for VOO.
Fixed Income Inflows
Following SPY on the weekly top inflows list were the iShares U.S. Treasury Bond ETF (GOVT), the Vanguard Tax-Exempt Bond ETF (VTEB) and the Vanguard Total Stock Market ETF (VTI).
U.S. fixed income ETFs have had a solid year in terms of inflows despite bonds experiencing their worst performance in history in 2022.
Since the start of the year, $129.3 billion has flowed into U.S. fixed income ETFs, only behind the $204.2 billion that’s come into U.S. equity ETFs.
Yields on Treasury bonds are around 4%, while corporate bonds and municipal bonds offer the equivalent of 5% or more.
That’s attracted investors who have had to settle for paltry interest rates for much of the past decade.
For a full list of last week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 ETF Trust | 4,633.04 | 338,211.60 | 1.37% |
| GOVT | iShares U.S. Treasury Bond ETF | 2,727.09 | 25,045.06 | 10.89% |
| VTEB | Vanguard Tax-Exempt Bond ETF | 1,467.27 | 19,746.35 | 7.43% |
| VTI | Vanguard Total Stock Market ETF | 955.35 | 246,302.75 | 0.39% |
| TLT | iShares 20+ Year Treasury Bond ETF | 809.54 | 23,968.20 | 3.38% |
| BNDX | Vanguard Total International Bond ETF | 729.15 | 44,058.72 | 1.65% |
| SMH | VanEck Semiconductor ETF | 722.45 | 6,156.81 | 11.73% |
| SCHO | Schwab Short-Term U.S. Treasury ETF | 662.08 | 10,170.07 | 6.51% |
| MUB | iShares National Muni Bond ETF | 650.00 | 28,769.19 | 2.26% |
| BIL | SPDR Bloomberg 1-3 Month T-Bill ETF | 644.86 | 25,932.44 | 2.49% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| HYG | iShares iBoxx USD High Yield Corporate Bond ETF | -1,346.25 | 11,910.94 | -11.30% |
| VCSH | Vanguard Short-Term Corporate Bond ETF | -1,295.56 | 39,382.22 | -3.29% |
| USMV | iShares MSCI USA Min Vol Factor ETF | -437.54 | 27,399.81 | -1.60% |
| LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | -407.11 | 31,913.40 | -1.28% |
| VCIT | Vanguard Intermediate-Term Corporate Bond Index Fund ETF | -382.33 | 36,567.22 | -1.05% |
| SQQQ | ProShares UltraPro Short QQQ | -376.00 | 4,716.35 | -7.97% |
| JMST | JPMorgan Ultra-Short Municipal Income ETF | -362.80 | 2,514.46 | -14.43% |
| JNK | SPDR Bloomberg High Yield Bond ETF | -355.97 | 5,420.33 | -6.57% |
| ITOT | iShares Core S&P Total U.S. Stock Market ETF | -318.55 | 38,152.72 | -0.83% |
| BSV | Vanguard Short-Term Bond ETF | -313.49 | 38,071.24 | -0.82% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 11,850.13 | 3,596,151.63 | 0.33% |
| International Equity | 1,872.26 | 1,001,987.46 | 0.19% |
| U.S. Fixed Income | 3,004.23 | 1,084,354.89 | 0.28% |
| International Fixed Income | 205.74 | 130,415.55 | 0.16% |
| Commodities | -155.56 | 128,533.73 | -0.12% |
| Currency | 35.57 | 4,468.85 | 0.80% |
| Leveraged | 812.92 | 41,129.29 | 1.98% |
| Inverse | -54.57 | 26,175.56 | -0.21% |
| Asset Allocation | 28.19 | 15,645.49 | 0.18% |
| Alternatives | -39.62 | 8,867.94 | -0.45% |
| Total: | 17,559.29 | 6,037,730.39 | 0.29% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 204,199.29 | 3,596,151.63 | 5.68% |
| International Equity | 70,099.74 | 1,001,987.46 | 7.00% |
| U.S. Fixed Income | 129,327.51 | 1,084,354.89 | 11.93% |
| International Fixed Income | 3,961.10 | 130,415.55 | 3.04% |
| Commodities | 1,115.98 | 128,533.73 | 0.87% |
| Currency | 1,973.49 | 4,468.85 | 44.16% |
| Leveraged | 18,977.54 | 41,129.29 | 46.14% |
| Inverse | 8,107.89 | 26,175.56 | 30.98% |
| Asset Allocation | 305.12 | 15,645.49 | 1.95% |
| Alternatives | 2,294.83 | 8,867.94 | 25.88% |
| Total: | 440,362.48 | 6,037,730.39 | 7.29% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| MORT | VanEck Mortgage REIT Income ETF | 7.66% | 1,455,950 | 144.53 |
| REM | iShares Mortgage Real Estate ETF | 7.52% | 24,853,125 | 547.08 |
| AMZA | InfraCap MLP ETF | 5.69% | 164,533 | 307.04 |
| CNXT | VanEck ChiNext ETF | 5.37% | 54,349 | 19.73 |
| URNM | Sprott Uranium Miners ETF | 5.28% | 1,292,282 | 865.27 |
| MSGR | Direxion mRNA ETF | 4.91% | 2,145 | 3.42 |
| KBWD | Invesco KBW High Dividend Yield Financial ETF | 4.88% | 264,560 | 330.14 |
| MLPO | Credit Suisse S&P MLP Index ETN | 4.67% | 9,779 | 27.94 |
| GREK | Global X MSCI Greece ETF | 4.59% | 53,861 | 97.38 |
| FTXN | First Trust Nasdaq Oil & Gas ETF | 4.55% | 1,059,013 | 1,179.72 |
Top 10 YTD Performers
| Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
| UNL | United States 12 Month Natural Gas Fund LP | 93.33% | 2.07% | 39.91 |
| PFIX | Simplify Interest Rate Hedge ETF | 89.36% | 1.34% | 362.06 |
| UNG | United States Natural Gas Fund LP | 84.47% | 2.63% | 512.61 |
| GAZ | iPath Series B Bloomberg Natural Gas Subindex Total Return ETN | 82.18% | 2.22% | 19.79 |
| PXE | Invesco Dynamic Energy Exploration & Production ETF | 69.91% | 3.41% | 302.34 |
| IEO | iShares U.S. Oil & Gas Exploration & Production ETF | 62.54% | 4.09% | 1,055.13 |
| JJE | iPath Series B Bloomberg Energy Subindex Total Return ETN | 61.28% | 0.62% | 7.79 |
| RJN | Elements Rogers International Commodity Index-Energy TR ETN | 57.19% | -0.48% | 7.79 |
| FENY | Fidelity MSCI Energy Index ETF | 55.91% | 4.12% | 1,564.11 |
| FCG | First Trust Natural Gas ETF | 55.77% | 3.48% | 964.19 |
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.
