Weekly ETF Inflows Solid Despite 'QQQ' Outflows

Senior ETF Analyst

Jul 17, 2020

Reviewed by: Sumit Roy

Edited by: Sumit Roy

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.

Sumit Roy

| Contact: [email protected]

Sumit Roy is the senior ETF analyst for etf.com, where he has worked for 13 years. He creates a variety of content for the platform, including news articles, analysis pieces, videos and podcasts.

Before joining etf.com, Sumit was the managing editor and commodities analyst for Hard Assets Investor. In those roles, he was responsible for most of the operations of HAI, a website dedicated to education about commodities investing.

Though he still closely follows the commodities beat, Sumit covers a much broader assortment of topics for etf.com, with a particular focus on stock and bond exchange-traded funds.

He is the host of etf.com’s Talk ETFs, a popular video series that features weekly interviews with thought leaders in the ETF industry. Sumit is also co-host of Exchange Traded Fridays, etf.com’s weekly podcast series.

He lives in the San Francisco Bay Area, where he enjoys climbing the city’s steep hills, playing chess and snowboarding in Lake Tahoe.

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Weekly ETF Inflows Solid Despite 'QQQ' Outflows

Weekly ETF Inflows Solid Despite 'QQQ' Outflows

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