Weekly Inflows Nearly $12B As Stocks Approach Records

Investors added a net $11.5 billion to U.S.-listed ETFs this week.

Sumit Roy

Senior ETF Analyst

Aug 14, 2020

Reviewed by: Sumit Roy

Edited by: Sumit Roy

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U.S. stocks barely missed setting record highs this week, but investors in ETFs remained bullish nonetheless. On net, $11.5 billion flowed into U.S.-listed ETFs during the week ending Thursday, August 13. Year-to-date inflows ticked up to $266 billion, nearly double the $136.8 billion seen at this same time a year ago.

Of this week's inflows, $5.6 billion headed into U.S. equity ETFs, $2.1 billion went into international equity ETFs and $3 billion flowed into U.S. fixed income ETFs.

On Wednesday, the S&P 500 closed at 3,380, a mere 6 points below its all-time high set in February. The small-cap Russell 2000 got to within 7% of its record high, while tech stocks, which first broke to new highs in June, remained firm.

The most popular U.S. equity ETFs this week included the Invesco QQQ Trust (QQQ), the iShares Russell 2000 ETF (IWM) and the Industrial Select Sector SDPR Fund (XLI).

Outflows From 'TLT' & 'GLD'

Meanwhile, bond ETFs sold off this week after a government report showed faster-than-expected consumer price inflation in July, spurring selling in the Treasury market. The U.S. 10-year Treasury bond yield jumped to a two-month high above 0.72% on Thursday, or about 22 basis points up from its all-time closing low from earlier this month (bond yields and prices move inversely).

Still, that didn't stop investors from adding cash to fixed income ETFs on the whole. We did, however, see outflows from certain bond funds that have had huge gains this year up until now, including the iShares 20+ Year Treasury Bond ETF (TLT).

TLT wasn't the only big winner to see profit taking this week. The SPDR Gold Trust (GLD) had outflows of $1 billion during the period. On Tuesday, spot gold prices tumbled $115, or 5.7%, to just over $1,900/oz. Two days earlier, prices had hit an all-time high of $2,075. Gold prices currently stand around $1,945.

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
QQQ	Invesco QQQ Trust	1,834.43	129,244.13	1.42%
IWM	iShares Russell 2000 ETF	1,219.93	41,381.45	2.95%
XLI	Industrial Select Sector SPDR Fund	695.64	11,330.35	6.14%
XLF	Financial Select Sector SPDR Fund	614.98	18,516.82	3.32%
BND	Vanguard Total Bond Market ETF	507.56	59,502.00	0.85%
VTI	Vanguard Total Stock Market ETF	479.59	158,948.98	0.30%
VCSH	Vanguard Short-Term Corporate Bond ETF	470.63	30,694.50	1.53%
VGK	Vanguard FTSE Europe ETF	439.14	12,599.56	3.49%
VOO	Vanguard S&P 500 ETF	431.27	159,981.83	0.27%
TIP	iShares TIPS Bond ETF	403.44	22,751.23	1.77%

Top 10 Redemptions (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
VUG	Vanguard Growth ETF	-1,214.78	59,842.70	-2.03%
GLD	SPDR Gold Trust	-1,002.82	77,759.46	-1.29%
TLT	iShares 20+ Year Treasury Bond ETF	-820.39	19,014.07	-4.31%
BIL	SPDR Bloomberg Barclays 1-3 Month T-Bill ETF	-315.79	14,026.86	-2.25%
IWF	iShares Russell 1000 Growth ETF	-273.18	58,231.05	-0.47%
SPYV	SPDR Portfolio S&P 500 Value ETF	-242.58	5,131.93	-4.73%
SPYG	SPDR Portfolio S&P 500 Growth ETF	-227.05	8,732.38	-2.60%
EWJ	iShares MSCI Japan ETF	-223.02	9,744.34	-2.29%
QUAL	iShares Edge MSCI U.S.A. Quality Factor ETF	-211.53	19,328.37	-1.09%
XLV	Health Care Select Sector SPDR Fund	-173.27	24,024.78	-0.72%

ETF Weekly Flows By Asset Class

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	5,623.90	2,659,668.35	0.21%
International Equity	2,145.03	859,915.01	0.25%
U.S. Fixed Income	3,037.88	914,577.80	0.33%
International Fixed Income	670.79	99,751.68	0.67%
Commodities	-325.38	148,588.68	-0.22%
Currency	39.81	1,847.18	2.15%
Leveraged	194.16	37,669.59	0.52%
Inverse	-5.47	14,415.31	-0.04%
Asset Allocation	64.86	10,818.35	0.60%
Alternatives	85.94	4,945.78	1.74%
Total:	11,531.51	4,752,197.74	0.24%

Asset Classes (Year-to-Date)

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	73,189.93	2,659,668.35	2.75%
International Equity	454.31	859,915.01	0.05%
U.S. Fixed Income	123,465.53	914,577.80	13.50%
International Fixed Income	9,665.31	99,751.68	9.69%
Commodities	43,279.32	148,588.68	29.13%
Currency	517.68	1,847.18	28.03%
Leveraged	1,898.18	37,669.59	5.04%
Inverse	13,267.72	14,415.31	92.04%
Asset Allocation	753.12	10,818.35	6.96%
Alternatives	-507.16	4,945.78	-10.25%
Total:	265,983.92	4,752,197.74	5.60%

Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

Ticker	Name	Weekly Performance	Weekly Volume	AUM ($, mm)
GCE	Claymore CEF Index-Linked GS Connect ETN	41.03%	11,491	24,024.78
BDRY	Breakwave Dry Bulk Shipping ETF	7.76%	511,169	39.75
PSM	Principal U.S. Small-MidCap Multi-Factor Core Index ETF	7.56%	7,964	9.78
DJCB	ETRACS Bloomberg Commodity Index Total Return ETN Series B	7.09%	1,256	69.79
IEZ	iShares U.S. Oil Equipment & Services ETF	6.58%	829,435	146.48
XES	SPDR S&P Oil & Gas Equipment & Services ETF	6.33%	780,324	114.59
BMLP	Dorsey Wright MLP Index ETN	6.00%	27,872	23.19
PXJ	Invesco Dynamic Oil & Gas Services ETF	5.77%	134,622	8.09
OIH	VanEck Vectors Oil Services ETF	5.68%	2,353,543	652.73
CARZ	First Trust NASDAQ Global Auto Index Fund	5.59%	22,041	20.53

Top 10 YTD Performers

Ticker	Name	YTD Performance	Weekly Performance	AUM ($, mm)
XVZ	iPath S&P 500 Dynamic VIX ETN	103.78%	-1.50%	8.48
VIXM	ProShares VIX Mid-Term Futures ETF	81.49%	-1.50%	75.21
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	80.85%	-1.76%	29.11
CLIX	ProShares Long Online/Short Stores ETF	78.81%	-4.73%	227.35
ONLN	ProShares Online Retail ETF	78.17%	-3.24%	281.06
ARKG	ARK Genomic Revolution ETF	77.24%	3.08%	1,779.30
IBUY	Amplify Online Retail ETF	75.34%	-4.07%	908.46
ARKW	ARK Next Generation Internet ETF	72.88%	-1.97%	1,943.14
ARKK	ARK Innovation ETF	71.35%	1.77%	6,760.08
TAN	Invesco Solar ETF	70.16%	-0.18%	1,088.85

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 Inflows Nearly $12B As Stocks Approach Records

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