YTD ETF Inflows Total $131B
U.S. fixed income and equity ETFs saw solid demand this week.
U.S. stocks edged up to their highest levels since early March this week, helping to bolster ETF inflows. On net, $12 billion flowed into U.S.-listed ETFs during the week ending Thursday, May 21. Year-to-date net inflows now stand at $131 billion, ahead of the $73.5 billion seen at this same time last year.
While U.S. equity ETFs had solid inflows of $3.6 billion during the week, U.S. fixed income ETFs were the most popular segment, with inflows of $7.9 billion. Continued support from the Federal Reserve's Secondary Market Corporate Credit Facility (SMCCF) bolstered prices and sentiment for corporate bond ETFs.
Fed Continues To Buy
The iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), the SPDR Bloomberg Barclays High Yield Bond ETF (JNK) and the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) each had weekly inflows of more than $1 billion. Thus far, the Fed has purchased $1.8 billion of corporate bond ETFs under the SMCCF, though it has yet to reveal exactly which funds those are.
In addition to corporate bond ETFs, investors favored the tech-heavy Invesco QQQ Trust (QQQ) and the SPDR Gold Trust (GLD) this week. QQQ gathered $3.3 billion of new money as prices for the fund hovered just below its record highs set in Feburary. Meanwhile, gold traded around recent highs of $1,750/oz thanks to strong investor demand. On a year-to-date basis, GLD has had inflows of $11.8 billion.
For a full list of this week's top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
QQQ | Invesco QQQ Trust | 3,276.54 | 107,216.86 | 3.06% |
IWM | iShares Russell 2000 ETF | 2,564.80 | 36,211.02 | 7.08% |
LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | 1,418.89 | 47,615.19 | 2.98% |
JNK | SPDR Bloomberg Barclays High Yield Bond ETF | 1,066.08 | 11,150.59 | 9.56% |
HYG | iShares iBoxx USD High Yield Corporate Bond ETF | 1,023.84 | 22,336.26 | 4.58% |
VCIT | Vanguard Intermediate-Term Corporate Bond ETF | 718.79 | 28,759.61 | 2.50% |
SLV | iShares Silver Trust | 564.89 | 7,991.85 | 7.07% |
VCSH | Vanguard Short-Term Corporate Bond ETF | 493.87 | 25,474.67 | 1.94% |
GLD | SPDR Gold Trust | 423.01 | 62,509.91 | 0.68% |
ACWI | iShares MSCI ACWI ETF | 417.97 | 10,795.24 | 3.87% |
Top 10 Redemptions (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
SPY | SPDR S&P 500 ETF Trust | -2,186.30 | 263,854.11 | -0.83% |
AGG | iShares Core U.S. Aggregate Bond ETF | -977.57 | 71,410.20 | -1.37% |
FIHD | UBS AG FI Enhanced Global High Yield ETN | -722.15 | 86.24 | -837.32% |
XLP | Consumer Staples Select Sector SPDR Fund | -609.15 | 14,189.99 | -4.29% |
VIG | Vanguard Dividend Appreciation ETF | -462.87 | 41,125.01 | -1.13% |
FXI | iShares China Large-Cap ETF | -412.10 | 3,410.90 | -12.08% |
IVV | iShares Core S&P 500 ETF | -357.96 | 184,495.82 | -0.19% |
VNQ | Vanguard Real Estate ETF | -343.74 | 25,715.44 | -1.34% |
IEFA | iShares Core MSCI EAFE ETF | -340.64 | 61,999.82 | -0.55% |
SCHF | Schwab International Equity ETF | -315.77 | 18,268.96 | -1.73% |
ETF Weekly Flows By Asset Class
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 3,594.54 | 2,314,076.14 | 0.16% |
International Equity | -735.16 | 732,325.52 | -0.10% |
U.S. Fixed Income | 7,887.78 | 822,268.66 | 0.96% |
International Fixed Income | 473.79 | 87,190.47 | 0.54% |
Commodities ETFs | 1,461.53 | 115,074.84 | 1.27% |
Currency | -158.82 | 2,017.81 | -7.87% |
Leveraged | -1,471.49 | 33,157.15 | -4.44% |
Inverse | 696.96 | 18,694.43 | 3.73% |
Asset Allocation | 23.27 | 9,083.77 | 0.26% |
Alternatives | 213.30 | 4,544.56 | 4.69% |
Total: | 11,985.71 | 4,138,433.35 | 0.29% |
Asset Classes (Year-to-Date)
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 52,333.84 | 2,314,076.14 | 2.26% |
International Equity | -17,427.98 | 732,325.52 | -2.38% |
U.S. Fixed Income | 51,556.24 | 822,268.66 | 6.27% |
International Fixed Income | 672.52 | 87,190.47 | 0.77% |
Commodities ETFs | 27,088.31 | 115,074.84 | 23.54% |
Currency | 706.15 | 2,017.81 | 35.00% |
Leveraged | 5,911.43 | 33,157.15 | 17.83% |
Inverse | 11,476.35 | 18,694.43 | 61.39% |
Asset Allocation | -8.12 | 9,083.77 | -0.09% |
Alternatives | -1,327.84 | 4,544.56 | -29.22% |
Total: | 130,980.91 | 4,138,433.35 | 3.16% |
Top 10 Volume Surprises, Funds >$50 mm AUM
Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
JPMF | JPMorgan Managed Futures Strategy ETF | 31,870 | 254,012 | 797.02% |
JPMB | JPMorgan USD Emerging Markets Sovereign Bond ETF | 15,126 | 59,119 | 390.86% |
INKM | SPDR SSGA Income Allocation ETF | 56,244 | 218,689 | 388.82% |
SUSL | iShares ESG MSCI USA Leaders ETF | 95,599 | 375,140 | 392.41% |
JPHF | JPMorgan Diversified Alternatives ETF | 28,074 | 166,134 | 591.77% |
TOK | iShares MSCI Kokusai ETF | 14,456 | 105,101 | 727.06% |
MDYG | SPDR S&P 400 Mid Cap Growth ETF | 346,298 | 1,144,893 | 330.61% |
HYLV | IQ S&P High Yield Low Volatility Bond ETF | 36,183 | 115,123 | 318.17% |
ULST | SPDR SSgA Ultra Short Term Bond ETF | 61,745 | 187,421 | 303.54% |
IMOM | Alpha Architect International Quantitative Momentum ETF | 17,078 | 49,183 | 287.99% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
GAZZF | iPath Bloomberg Natural Gas Subindex Total Return ETN | 33.33% | 10,390 | 0.00 |
GSC | GS Connect S&P GSCI Enhanced Commodity TR Strategy ETN | 22.67% | 1,347 | 0.00 |
DODXF | Elements Dogs of the DOW Dow Jones High Yield Select 10 Total Return ETN | 15.04% | 5,302 | 17.60 |
AMZA | InfraCap MLP ETF | 11.64% | 378,929 | 125.90 |
POTX | Global X Cannabis ETF | 11.14% | 151,927 | 10.02 |
BDRY | Breakwave Dry Bulk Shipping ETF | 10.79% | 1,274,976 | 22.18 |
JETS | US Global Jets ETF | 10.08% | 11,956,768 | 722.61 |
AWAY | ETFMG Travel Tech ETF | 9.97% | 36,032 | 3.46 |
BUY | USCF SummerHaven SHPEI Index Fund | 9.67% | 7,351 | 21.44 |
PGM | iPath Series B Bloomberg Platinum Subindex Total Return ETN | 9.61% | 1,039 | 4.19 |
Top 10 YTD Performers
Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
VXX | iPath Series B S&P 500 VIX Short Term Futures ETN | 138.29% | -1.56% | 762.13 |
VIXY | ProShares VIX Short-Term Futures ETF | 137.81% | -1.66% | 172.09 |
VIIX | VelocityShares Daily Long VIX Short-Term ETN | 137.32% | -2.03% | 50.41 |
XVZ | iPath S&P 500 Dynamic VIX ETN | 92.45% | -1.40% | 5.90 |
VIXM | ProShares VIX Mid-Term Futures ETF | 88.49% | -2.00% | 63.67 |
VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | 87.98% | -2.26% | 27.13 |
GRNTF | iPath Global Carbon ETN | 74.64% | 0.00% | 4.89 |
CLIX | ProShares Long Online/Short Stores ETF | 44.44% | -0.25% | 189.44 |
ARKG | ARK Genomic Revolution ETF | 39.05% | 3.83% | 1,031.88 |
ZROZ | PIMCO 25+ Year Zero Coupon US Treasury Index ETF | 30.40% | -2.79% | 376.58 |
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.