Weekly Outflows For ETFs Ahead Of Election

Investors pulled $4.8 billion out of U.S.-listed ETFs this week.

sumit
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Senior ETF Analyst
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Reviewed by: Sumit Roy
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Edited by: Sumit Roy

Investors pulled money out of U.S.-listed ETFs this week amid a steep sell-off in global equities. The S&P 500 tumbled to nearly 10% off its all-time highs ahead of the high anticipated U.S. elections next Tuesday. On net, $4.7 billion came out of ETFs, led by a $4.3 billion outflow from U.S. equity ETFs.

The SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ) were among the biggest asset losers of the period, with redemptions of $4.2 billion and $1.6 billion, respectively.

Meanwhile, U.S. fixed income ETFs also lost assets, as Treasuries sold off on the potential for a "Blue Wave" election outcome, which could lead to big spending packages out of Washington. The iShares Short Treasury Bond ETF (SHV) registered weekly outflows of $410 billion, though it was the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) that led fixed income outflows to the tune of $3 billion.

Weekly Winners

Even as markets plunged and uncertainty reigned, overall ETF outflows were relatively modest. They were held in check by solid inflows into a number of funds, including the SPDR S&P Dividend ETF (SDY), the Vanguard S&P 500 ETF (VOO) and the iShares Core U.S. Aggregate Bond ETF (AGG), each of which took in more than $500 million.

For a full list of this week's top inflows and outflows, see the tables below:

 

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SDYSPDR S&P Dividend ETF1,067.3015,745.746.78%
VOOVanguard S&P 500 ETF740.30157,286.990.47%
AGGiShares Core U.S. Aggregate Bond ETF541.2581,734.870.66%
VXUSVanguard Total International Stock ETF462.2428,260.241.64%
BNDVanguard Total Bond Market ETF386.2864,108.780.60%
MBBiShares MBS ETF374.7023,829.241.57%
VCSHVanguard Short-Term Corporate Bond ETF364.5234,127.371.07%
TQQQProShares UltraPro QQQ353.158,142.324.34%
SCHOSchwab Short-Term U.S. Treasury ETF295.907,850.223.77%
XLKTechnology Select Sector SPDR Fund265.7432,812.800.81%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-4,184.14280,255.43-1.49%
HYGiShares iBoxx USD High Yield Corporate Bond ETF-3,029.3524,669.07-12.28%
QQQInvesco QQQ Trust-1,633.46130,921.16-1.25%
BBEUJPMorgan BetaBuilders Europe ETF-632.993,805.34-16.63%
GLDSPDR Gold Trust-447.5675,623.38-0.59%
VCITVanguard Intermediate-Term Corporate Bond ETF-411.6039,497.68-1.04%
SHViShares Short Treasury Bond ETF-409.5319,956.85-2.05%
BKLNInvesco Senior Loan ETF-316.173,995.69-7.91%
SPLVInvesco S&P 500 Low Volatility ETF-273.078,189.22-3.33%
XLFFinancial Select Sector SPDR Fund-239.9817,061.06-1.41%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-4,317.312,594,762.65-0.17%
International Equity623.66859,522.420.07%
U.S. Fixed Income-1,081.49937,931.74-0.12%
International Fixed Income-26.10112,837.15-0.02%
Commodities-466.96144,862.20-0.32%
Currency-2.401,926.84-0.12%
Leveraged690.1234,945.151.97%
Inverse-108.1414,585.68-0.74%
Asset Allocation68.4611,842.950.58%
Alternatives-175.925,635.42-3.12%
Total:-4,796.094,718,852.21-0.10%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity90,934.042,594,762.653.50%
International Equity22,673.41859,522.422.64%
U.S. Fixed Income159,618.04937,931.7417.02%
International Fixed Income16,938.99112,837.1515.01%
Commodities45,290.27144,862.2031.26%
Currency589.591,926.8430.60%
Leveraged2,774.0534,945.157.94%
Inverse13,183.0114,585.6890.38%
Asset Allocation2,341.8311,842.9519.77%
Alternatives76.555,635.421.36%
Total:354,419.774,718,852.217.51%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
VXXiPath Series B S&P 500 VIX Short Term Futures ETN25.08%176,834,0961,418.68
VIXYProShares VIX Short-Term Futures ETF24.99%28,648,153340.42
VIXMProShares VIX Mid-Term Futures ETF11.00%349,977110.07
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN10.14%91,63632.39
XVZiPath S&P 500 Dynamic VIX ETN5.69%519,95532.69
MOMAGFiQ U.S. Market Neutral Momentum Fund4.85%23,8866.24
BTALAGFiQ U.S. Market Neutral Anti-Beta Fund4.22%278,731210.95
CLIXProShares Long Online/Short Stores ETF3.11%108,330262.81
UNGUnited States Natural Gas Fund LP2.98%8,754,210339.02
GOVZiShares 25+ Year Treasury STRIPS Bond ETF2.75%81,5693.62

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
TANInvesco Solar ETF124.22%-2.90%1,819.12
XVZiPath S&P 500 Dynamic VIX ETN121.11%5.69%32.69
ARKGARK Genomic Revolution ETF103.91%-2.51%2,886.14
VIXMProShares VIX Mid-Term Futures ETF101.97%11.00%110.07
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN99.83%10.14%32.39
ARKWARK Next Generation Internet ETF99.01%-3.32%2,926.62
QCLNFirst Trust NASDAQ Clean Edge Green Energy Index Fund90.99%-3.79%749.01
ARKKARK Innovation ETF89.31%-4.47%10,012.24
ONLNProShares Online Retail ETF87.38%0.27%698.03
PBWInvesco WilderHill Clean Energy ETF86.50%-6.31%884.03

 

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 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.