Weekly ETF Inflows Solid Despite 'QQQ' Outflows
Despite outflows from the tech-heavy ETF, U.S.-listed ETFs picked up a net $11.7 billion during the week.
U.S. stocks hit their highest levels since early June this week as money continued to flow into U.S.-listed ETFs. On net, $11.7 billion entered the ETF space, led by a $3.3 billion haul for the SPDR S&P 500 ETF Trust (SPY). On Wednesday, the S&P 500 closed above 3,200 for the first time since June 9.
Following this week's gains, year-to-date ETF inflows edged up to $230.1 billion, well ahead of last year's $122.1 billion pace.
Evenly Split
This week's inflows were evenly distributed. U.S. equity ETFs picked up $3.8 billion of new money; international equity ETFs gathered $2.7 billion; and U.S. fixed income ETFs received $3.4 billion during the week ending Thursday, July 16.
In addition to the aforementioned SPY, the iShares Russell 2000 ETF (IWM) and the First Trust Capital Strength ETF (FTCS) were popular among equity investors.
At the same time, the Vanguard Total Bond Market ETF (BND), the iShares Core U.S. Aggregate Bond ETF (AGG) and the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) were fixed income ETFs in favor.
Outflows From Tech
On the outflows side, the Invesco QQQ Trust (QQQ) topped the list, with weekly redemptions totaling $2.5 billion. The tech-heavy ETF shed assets as investors took profits on high-flying technology shares.
A host of other sector ETFs, including the Utilities Select Sector SPDR Fund (XLU), the Real Estate Select Sector SPDR Fund (XLRE) and the Materials Select Sector SPDR Fund (XLB) also saw outflows during the week.
For a full list of this week's top ETF inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
SPY | SPDR S&P 500 ETF Trust | 3,290.15 | 287,591.63 | 1.14% |
IWM | iShares Russell 2000 ETF | 2,045.14 | 39,403.11 | 5.19% |
FTCS | First Trust Capital Strength ETF | 1,135.31 | 6,596.14 | 17.21% |
BND | Vanguard Total Bond Market ETF | 725.71 | 57,471.58 | 1.26% |
VTI | Vanguard Total Stock Market ETF | 697.86 | 150,433.89 | 0.46% |
AGG | iShares Core U.S. Aggregate Bond ETF | 639.80 | 77,454.82 | 0.83% |
XLF | Financial Select Sector SPDR Fund | 597.17 | 17,937.83 | 3.33% |
VXUS | Vanguard Total International Stock ETF | 554.79 | 22,352.34 | 2.48% |
DIA | SPDR Dow Jones Industrial Average ETF Trust | 454.03 | 22,754.74 | 2.00% |
HYG | iShares iBoxx USD High Yield Corporate Bond ETF | 428.64 | 27,982.95 | 1.53% |
Top 10 Redemptions (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
QQQ | Invesco QQQ Trust | -2,520.26 | 121,719.06 | -2.07% |
XLU | Utilities Select Sector SPDR Fund | -601.16 | 10,957.50 | -5.49% |
MDYG | SPDR S&P 400 Mid Cap Growth ETF | -516.81 | 1,481.17 | -34.89% |
SHV | iShares Short Treasury Bond ETF | -487.21 | 22,002.09 | -2.21% |
XLRE | Real Estate Select Sector SPDR Fund | -449.14 | 3,341.08 | -13.44% |
XLB | Materials Select Sector SPDR Fund | -422.82 | 3,192.37 | -13.24% |
XLV | Health Care Select Sector SPDR Fund | -371.46 | 23,676.35 | -1.57% |
LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | -352.76 | 56,535.41 | -0.62% |
VOO | Vanguard S&P 500 ETF | -301.99 | 153,699.06 | -0.20% |
IGV | iShares Expanded Tech-Software Sector ETF | -273.70 | 4,653.77 | -5.88% |
ETF Weekly Flows By Asset Class
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 3,789.15 | 2,533,777.35 | 0.15% |
International Equity | 2,740.30 | 827,818.53 | 0.33% |
U.S. Fixed Income | 3,418.30 | 891,939.89 | 0.38% |
International Fixed Income | 582.82 | 94,982.55 | 0.61% |
Commodities ETFs | 938.28 | 129,106.73 | 0.73% |
Currency | -36.39 | 1,502.31 | -2.42% |
Leveraged | -320.84 | 35,738.36 | -0.90% |
Inverse | 526.81 | 15,337.86 | 3.43% |
Asset Allocation | 29.86 | 10,185.98 | 0.29% |
Alternatives | 80.42 | 4,645.57 | 1.73% |
Total: | 11,748.71 | 4,545,035.14 | 0.26% |
Asset Classes (Year-to-Date)
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 72,354.42 | 2,533,777.35 | 2.86% |
International Equity | -6,467.20 | 827,818.53 | -0.78% |
U.S. Fixed Income | 106,381.67 | 891,939.89 | 11.93% |
International Fixed Income | 6,262.96 | 94,982.55 | 6.59% |
Commodities ETFs | 35,796.11 | 129,106.73 | 27.73% |
Currency | 177.34 | 1,502.31 | 11.80% |
Leveraged | 3,404.04 | 35,738.36 | 9.52% |
Inverse | 12,824.23 | 15,337.86 | 83.61% |
Asset Allocation | 410.88 | 10,185.98 | 4.03% |
Alternatives | -1,001.85 | 4,645.57 | -21.57% |
Total: | 230,142.60 | 4,545,035.14 | 5.06% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
MLPC | C-Tracks Miller/Howard MLP Fundamental ETN | 13.86% | 11,397 | 48.86 |
PSCM | Invesco S&P SmallCap Materials ETF | 9.55% | 3,420 | 8.16 |
XES | SPDR S&P Oil & Gas Equipment & Services ETF | 8.54% | 1,071,967 | 99.60 |
RNSC | First Trust Small Cap U.S. Equity Select ETF | 7.98% | 2,048 | 7.34 |
IEZ | iShares U.S. Oil Equipment & Services ETF | 7.53% | 1,032,107 | 127.77 |
EWSC | Invesco S&P SmallCap 600 Equal Weight ETF | 7.30% | 13,552 | 23.74 |
OIH | VanEck Vectors Oil Services ETF | 7.26% | 2,960,478 | 505.08 |
BJK | VanEck Vectors Gaming ETF | 7.00% | 172,509 | 49.83 |
MORT | VanEck Vectors Mortgage REIT Income ETF | 6.92% | 507,448 | 170.75 |
PXI | Invesco DWA Energy Momentum ETF | 6.81% | 130,842 | 31.96 |
Top 10 YTD Performers
Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
VXX | iPath Series B S&P 500 VIX Short Term Futures ETN | 110.05% | 0.34% | 856.88 |
VIXY | ProShares VIX Short-Term Futures ETF | 109.25% | 0.30% | 242.10 |
XVZ | iPath S&P 500 Dynamic VIX ETN | 98.67% | 2.81% | 7.78 |
VIXM | ProShares VIX Mid-Term Futures ETF | 89.90% | 1.87% | 67.59 |
VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | 89.63% | 1.77% | 30.85 |
ARKG | ARK Genomic Revolution ETF | 67.21% | 3.33% | 1,638.27 |
ARKW | ARK Next Generation Internet ETF | 62.65% | -2.76% | 1,797.12 |
CLIX | ProShares Long Online/Short Stores ETF | 61.02% | -4.94% | 211.20 |
ARKK | ARK Innovation ETF | 59.36% | 0.05% | 5,937.03 |
ONLN | ProShares Online Retail ETF | 55.76% | -3.45% | 219.79 |
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.