ETF Inflows Steady Despite Market Rout

Exchange-traded funds pulled in $27 billion last week.  

ShubhamSaharan_white_bg
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Reviewed by: Shubham Saharan
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Edited by: Shubham Saharan

Investors remained bullish on equity and bond markets as exchange-traded funds brought in $27 billion in the week ending Friday, Nov. 18.  

Equity markets slumped last week as oil prices fell on worries of potential weakening fuel demand in China and EU-imposed Russian sanctions took their toll. The S&P 500 slipped 1.2% during the week, while the Nasdaq tumbled 1.6%.  

Also prompting the drop were comments from President of the St. Louis Federal Reserve James Bullard, who cautioned about the “limited effect” rate hikes had on the inflation, going on to say the central bank’s federal funds rate, which sets a benchmark for other U.S. banks’ lending, could reach more than 5% to 5.25%. The fed funds rate currently sits between 3.75% and 4%, up from effectively zero at the beginning of the year.  

Still, investors poured just over $13 billion into equity-focused funds, a 22% drop from the $16 billion the week prior. The SPDR S&P 500 ETF Trust (SPY), the iShares Core S&P 500 ETF (IVV) and the Vanguard S&P 500 ETF (VOO) collectively brought in $4.2 billion, according to ETF.com data.  

Meanwhile, U.S.-listed fixed income ETFs posted a $9.3 billion haul, falling a touch short of the $9.8 billion brought in the week ending Nov. 11. Top performers of the week included the iShares 20+ Year Treasury Bond ETF (TLT), the Vanguard Short-Term Corporate Bond ETF (VCHS) and the SPDR Gold Trust (GLD).  

On the other side of the ledger, funds that saw the greatest outflows included the SPDR Portfolio S&P 500 High Dividend ETF (SPYD), the iShares MSCI USA Momentum Factor ETF (MTUM) and the SPDR Gold Trust (GLD). 

 

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

 

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust2,074.41373,873.510.55%
IVViShares Core S&P 500 ETF1,410.70300,747.360.47%
TLTiShares 20+ Year Treasury Bond ETF1,263.3526,198.934.82%
VCSHVanguard Short-Term Corporate Bond ETF1,094.9740,782.192.68%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF883.0538,290.402.31%
ACWIiShares MSCI ACWI ETF798.9217,485.534.57%
VOOVanguard S&P 500 ETF767.94273,000.450.28%
SPYGSPDR Portfolio S&P 500 Growth ETF714.3613,846.225.16%
HYGiShares iBoxx USD High Yield Corporate Bond ETF650.5617,924.693.63%
IWMiShares Russell 2000 ETF636.1955,022.701.16%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SHYiShares 1-3 Year Treasury Bond ETF-901.4728,734.58-3.14%
GSLCGoldman Sachs ActiveBeta U.S. Large Cap Equity ETF-723.3710,602.71-6.82%
JNKSPDR Bloomberg High Yield Bond ETF-579.499,205.76-6.29%
SPYDSPDR Portfolio S&P 500 High Dividend ETF-436.997,583.23-5.76%
MTUMiShares MSCI USA Momentum Factor ETF-379.1012,260.13-3.09%
RPARRPAR Risk Parity ETF-354.87765.20-46.38%
DGROiShares Core Dividend Growth ETF-340.5024,154.05-1.41%
GLDSPDR Gold Trust-312.2351,138.32-0.61%
VTVVanguard Value ETF-279.87103,215.11-0.27%
IYRiShares U.S. Real Estate ETF-274.323,245.06-8.45%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity13,440.473,948,260.910.34%
International Equity3,945.791,134,737.380.35%
U.S. Fixed Income9,253.521,140,181.720.81%
International Fixed Income1,219.78136,252.490.90%
Commodities-528.13130,383.36-0.41%
Currency-145.524,253.24-3.42%
Leveraged119.2550,158.150.24%
Inverse301.6722,447.831.34%
Asset Allocation-10.1916,455.56-0.06%
Alternatives-354.958,738.73-4.06%
Total:27,241.706,591,869.370.41%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity270,583.513,948,260.916.85%
International Equity84,788.181,134,737.387.47%
U.S. Fixed Income167,104.031,140,181.7214.66%
International Fixed Income5,673.10136,252.494.16%
Commodities-2,726.22130,383.36-2.09%
Currency1,922.834,253.2445.21%
Leveraged20,474.7050,158.1540.82%
Inverse8,082.6922,447.8336.01%
Asset Allocation437.0516,455.562.66%
Alternatives2,355.178,738.7326.95%
Total:558,695.056,591,869.378.48%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
KWEBKraneShares CSI China Internet ETF10.18%99,051,8805,460.72
KTECKraneShares Hang Seng TECH Index ETF8.33%81,8356.43
CHICGlobal X MSCI China Communication Services ETF7.49%6,3586.34
CQQQInvesco China Technology ETF6.74%997,845828.38
EMQQEMQQ The Emerging Markets Internet & Ecommerce ETF6.60%648,002527.38
PGJInvesco Golden Dragon China ETF6.38%865,539231.76
FDNIFirst Trust Dow Jones International Internet ETF6.19%16,13030.70
MSOSAdvisorShares Pure US Cannabis ETF5.67%9,724,699774.47
UNGUnited States Natural Gas Fund LP5.53%32,500,858525.30
WEEDRoundhill Cannabis ETF5.38%36,0022.29

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
MLPOCredit Suisse S&P MLP Index ETN91.83%-4.18%29.65
UNLUnited States 12 Month Natural Gas Fund LP81.39%2.51%32.93
PXEInvesco Dynamic Energy Exploration & Production ETF81.18%-0.58%353.84
PFIXSimplify Interest Rate Hedge ETF81.13%-5.59%366.82
IEOiShares U.S. Oil & Gas Exploration & Production ETF73.81%-0.59%1,262.68
GAZiPath Series B Bloomberg Natural Gas Subindex Total Return ETN72.03%5.31%15.44
FENYFidelity MSCI Energy Index ETF71.85%-0.78%1,762.23
VDEVanguard Energy ETF71.65%-0.75%9,082.11
XLEEnergy Select Sector SPDR Fund71.59%-0.79%43,996.94
IYEiShares U.S. Energy ETF69.49%-0.54%2,440.86

 

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.

Shubham Saharan is a markets reporter at etf.com. Before joining the company, she reported for Bloomberg and the Financial Times. Saharan is a graduate of Barnard College of Columbia University.