Weekly ETF Inflows See $1.8B Gain
New investments dropped 84% last week amid Fed Chair Powell’s rate increase comments.
Investors added a meager $1.8 billion to U.S.-listed ETFs in the week ending Aug. 26, down 84% from the week before, according to data from ETF.com.
ETF inflows plunged as investors responded to central bankers’ warnings of higher interest rates for the foreseeable future. Federal Reserve Chairman Jerome Powell stated during the annual Jackson Hole conference that the Fed would continue its aggressive path to tame inflation by hiking interest rates. His address put to rest any thoughts that the central bank would ease quantitative tightening in the months ahead.
Following Powell’s remarks, the S&P on Friday fell 3.4%, its largest one-day drop in more than two months. The index was down nearly 0.1% in the middle of the trading day on Monday. The SPDR S&P 500 ETF Trust (SPY) saw more than $873 million in outflows last week, up almost 18.5% from the previous period.
Investors also changed course last week, moving money from U.S. equities to fixed income ETFs. U.S. equities inflows made up just under $1 billion of total inflows last week, compared with more than $12 billion from the week prior. Meanwhile, U.S. fixed income ETFs brought in almost $2.4 billion, rebounding from $773 million in outflows in the week ending Aug. 19.
Individual Movers
Short-term, corporate and Treasury bond ETFs were among the top performers last week, raking in almost $3.3 billion in inflows. Top funds included the Vanguard Short-Term Bond ETF (BSV), the SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) and the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD).
On the other side of the ledger, index and high yield corporate bond funds including the Invesco S&P 500 Low Volatility ETF (SPLV), the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) and the SPDR Bloomberg High Yield Bond ETF (JNK) were among those with the largest outflows.
For a full list of last week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| XLF | Financial Select Sector SPDR Fund | 2,189.17 | 35,072.53 | 6.24% |
| BSV | Vanguard Short-Term Bond ETF | 826.43 | 38,972.56 | 2.12% |
| BIL | SPDR Bloomberg 1-3 Month T-Bill ETF | 731.93 | 16,857.46 | 4.34% |
| VOO | Vanguard S&P 500 ETF | 660.14 | 279,825.58 | 0.24% |
| TLT | iShares 20+ Year Treasury Bond ETF | 652.34 | 25,304.90 | 2.58% |
| XLU | Utilities Select Sector SPDR Fund | 610.43 | 18,167.62 | 3.36% |
| LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | 600.63 | 36,578.69 | 1.64% |
| VGSH | Vanguard Short-Term Treasury Index ETF | 477.80 | 15,419.26 | 3.10% |
| USPX | Franklin U.S. Equity Index ETF | 430.32 | 452.60 | 95.08% |
| MDYV | SPDR S&P 400 Mid Cap Value ETF | 368.55 | 2,032.87 | 18.13% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| QQQ | Invesco QQQ Trust | -1,543.68 | 176,706.60 | -0.87% |
| SPLV | Invesco S&P 500 Low Volatility ETF | -1,076.59 | 11,696.43 | -9.20% |
| HYG | iShares iBoxx USD High Yield Corporate Bond ETF | -889.80 | 13,932.08 | -6.39% |
| SPY | SPDR S&P 500 ETF Trust | -873.31 | 384,139.23 | -0.23% |
| JNK | SPDR Bloomberg High Yield Bond ETF | -837.53 | 8,010.60 | -10.46% |
| IVV | iShares Core S&P 500 ETF | -600.64 | 313,707.20 | -0.19% |
| SQQQ | ProShares UltraPro Short QQQ | -511.60 | 4,551.16 | -11.24% |
| XLK | Technology Select Sector SPDR Fund | -472.21 | 44,227.30 | -1.07% |
| EFA | iShares MSCI EAFE ETF | -388.33 | 45,656.59 | -0.85% |
| GLD | SPDR Gold Trust | -357.22 | 55,384.13 | -0.64% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 981.17 | 4,076,186.25 | 0.02% |
| International Equity | -957.43 | 1,149,143.06 | -0.08% |
| U.S. Fixed Income | 2,395.30 | 1,119,229.38 | 0.21% |
| International Fixed Income | -147.01 | 141,668.77 | -0.10% |
| Commodities | -435.48 | 142,083.15 | -0.31% |
| Currency | 331.94 | 4,273.35 | 7.77% |
| Leveraged | -7.72 | 56,170.47 | -0.01% |
| Inverse | -414.76 | 22,498.37 | -1.84% |
| Asset Allocation | -56.81 | 17,254.80 | -0.33% |
| Alternatives | 146.29 | 8,310.12 | 1.76% |
| Total: | 1,835.49 | 6,736,817.71 | 0.03% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 176,352.87 | 4,076,186.25 | 4.33% |
| International Equity | 66,863.15 | 1,149,143.06 | 5.82% |
| U.S. Fixed Income | 104,618.45 | 1,119,229.38 | 9.35% |
| International Fixed Income | 6,860.07 | 141,668.77 | 4.84% |
| Commodities | 6,430.39 | 142,083.15 | 4.53% |
| Currency | 1,738.72 | 4,273.35 | 40.69% |
| Leveraged | 17,061.12 | 56,170.47 | 30.37% |
| Inverse | 11,860.10 | 22,498.37 | 52.72% |
| Asset Allocation | 301.58 | 17,254.80 | 1.75% |
| Alternatives | 1,699.66 | 8,310.12 | 20.45% |
| Total: | 393,786.10 | 6,736,817.71 | 5.85% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| URNM | Sprott Uranium Miners ETF | 18.24% | 1,652,968 | 966.66 |
| URA | Global X Uranium ETF | 15.77% | 11,354,527 | 1,668.89 |
| MSOS | AdvisorShares Pure US Cannabis ETF | 14.84% | 5,712,943 | 740.10 |
| MJUS | ETFMG U.S. Alternative Harvest ETF | 13.50% | 195,806 | 68.30 |
| PSIL | AdvisorShares Psychedelics ETF | 13.26% | 367,543 | 9.94 |
| WEED | Roundhill Cannabis ETF | 12.97% | 6,919 | 1.54 |
| MJ | ETFMG Alternative Harvest ETF | 11.36% | 9,246,865 | 402.57 |
| XDNA | Kelly CRISPR & Gene Editing Technology ETF | 11.20% | 153,059 | 2.01 |
| HDRO | Defiance Next Gen H2 ETF | 10.80% | 133,055 | 51.65 |
| HYDR | Global X Hydrogen ETF | 10.73% | 305,884 | 44.84 |
Top 10 YTD Performers
| Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
| RJN | Elements Rogers International Commodity Index-Energy TR ETN | 68.37% | 2.42% | 13.73 |
| MLPO | Credit Suisse S&P MLP Index ETN | 43.40% | 3.17% | 30.06 |
| FILL | iShares MSCI Global Energy Producers ETF | 39.18% | 4.98% | 127.24 |
| TPYP | Tortoise North American Pipeline Fund | 25.75% | 2.63% | 596.74 |
| RISR | FolioBeyond Rising Rates ETF | 24.63% | 0.29% | 87.45 |
| RJI | Elements Rogers International Commodity Index-Total Return ETN | 24.17% | 0.70% | 126.01 |
| TADS | The Active Dividend Stock ETF | 17.40% | 0.00% | 126.01 |
| LBAY | Leatherback Long/Short Alternative Yield ETF | 15.98% | 1.54% | 53.46 |
| NVMZ | TrueShares Structured Outcome ETF - November | 14.66% | 53.46 | |
| FUE | ELEMENTS Linked to the ICE BofAML Commodity Index eXtra Biofuels - Total Return ETN | 14.35% | 0.60% | 1.63 |
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.
