ETFs Add $38B During Week

Plus, junk bonds and short-term Treasurys take a hit.

DanMika200x200.jpg
|
Reviewed by: Dan Mika
,
Edited by: Dan Mika
U.S.-listed ETFs pulled in $38.3 billion during the week ended Thursday, June 17, boosting the year-to-date inflows to a stunning $455.8 billion. That compares with year-to-date inflows at this time in 2020 of just $198.4 billion, meaning this year’s numbers have more than doubled.

U.S. equity ETFs, in particular, dominated during the week, pulling in $27.3 billion, up from just $7.5 billion in inflows last week.

There are now $6.5 billion in assets under management by U.S.-listed ETFs, compared to approximately $4.4 billion during the same week last year.

US Equities Continue Charge

U.S. equity-focused funds claimed the top seven spots for the ETFs with the largest inflows this week, amounting to a combined total of nearly $15 billion in flows. Vanguard dominated creations, with five of its ETFs claiming spots in the top 10, with roughly $12 billion in new flows.

The Vanguard Growth ETF (VUG) led the way during the week, posting $2.8 billion in inflows. It was followed closely by the Vanguard Total Stock Market ETF (VTI) and the iShares Core S&P 500 ETF (IVV), which each pulled in roughly $2.5 billion.

Interestingly, the SPDR S&P 500 ETF Trust (SPY) led outflows for the week, with a loss of $2.4 billion. Given the fact that so many U.S. equity ETFs overshadowed the leading creations, it seems likely that some investors may have simply been rotating into lower-cost products. Both VTI and IVV charge an expense ratio of 0.03%, while SPY charges 0.9%.

Junk Bonds Retreat

Two junk bond ETFs found their way into the top 10 ETFs for outflows during the week. The iShares iBoxx USD High Yield Corporate Bond ETF (HYG) claimed the No. 2 spot after SPY, with a loss for the week of $1.1 billion. The SPDR Bloomberg Barclays High Yield Bond ETF (JNK) was in the No. 8 spot, with a loss of $437 million.

With the Fed projecting inflation of more than 3% through 2021 and potentially above 2% through 2023, it’s not surprising the iShares 1-3 Year Treasury Bond ETF (SHY) lost $836.7 million through outflows in the week.

That compares to the iShares 20+ Year Treasury Bond ETF (TLT) , which posted inflows of $963.9 million in the same period after the Fed made multiple calls that short-term inflation pressures would subside as the broader economy recovers from the sugar high generated from pent-up spending as the U.S. continues to emerge from COVID-19 lockdowns.

Contact Dan Mika at [email protected], and follow him on Twitter.

 

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
VUGVanguard Growth ETF2,826.2778,233.723.61%
VTIVanguard Total Stock Market ETF2,521.84249,210.811.01%
IVViShares Core S&P 500 ETF2,468.56281,086.560.88%
QQQInvesco QQQ Trust2,327.94165,926.731.40%
VOVanguard Mid-Cap ETF1,726.5450,739.513.40%
VTVVanguard Value ETF1,592.7283,540.251.91%
VBVanguard Small-Cap ETF1,431.8148,149.432.97%
IEFAiShares Core MSCI EAFE ETF1,318.1597,953.831.35%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF1,023.4940,254.272.54%
TLTiShares 20+ Year Treasury Bond ETF963.8514,304.466.74%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-2,389.51361,373.01-0.66%
HYGiShares iBoxx USD High Yield Corporate Bond ETF-1,102.6119,771.54-5.58%
SHYiShares 1-3 Year Treasury Bond ETF-836.7219,630.57-4.26%
TQQQProShares UltraPro QQQ-787.5011,383.03-6.92%
IBBiShares Biotechnology ETF-545.3910,294.07-5.30%
XBISPDR S&P Biotech ETF-485.606,905.37-7.03%
DIASPDR Dow Jones Industrial Average ETF Trust-444.4930,134.01-1.48%
JNKSPDR Bloomberg Barclays High Yield Bond ETF-437.829,305.59-4.70%
SPYVSPDR Portfolio S&P 500 Value ETF-379.1012,337.31-3.07%
USMViShares MSCI USA Min Vol Factor ETF-336.7827,445.40-1.23%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity27,283.303,771,963.760.72%
International Equity7,882.851,289,720.510.61%
U.S. Fixed Income3,264.751,028,801.950.32%
International Fixed Income610.16141,486.820.43%
Commodities-32.71147,370.72-0.02%
Currency31.211,902.561.64%
Leveraged-1,186.3757,983.82-2.05%
Inverse242.4112,070.852.01%
Asset Allocation131.8916,132.650.82%
Alternatives82.586,411.581.29%
Total:38,310.086,473,845.220.59%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity218,837.683,771,963.765.80%
International Equity133,513.601,289,720.5110.35%
U.S. Fixed Income75,453.471,028,801.957.33%
International Fixed Income20,073.02141,486.8214.19%
Commodities-179.08147,370.72-0.12%
Currency-3.551,902.56-0.19%
Leveraged403.9157,983.820.70%
Inverse3,789.8012,070.8531.40%
Asset Allocation1,921.7816,132.6511.91%
Alternatives2,002.066,411.5831.23%
Total:455,812.686,473,845.227.04%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
GSCEGS Connect S&P GSCI Enhanced Commodity TR Strategy Index ETN10.34%1,00827,445.40
BDRYBreakwave Dry Bulk Shipping ETF8.34%1,931,471111.53
MLPOCredit Suisse S&P MLP Index ETN5.22%2,80526.09
BITQBitwise Crypto Industry Innovators ETF4.63%390,46352.24
VXXiPath Series B S&P 500 VIX Short Term Futures ETN4.06%108,873,3761,011.77
VIXYProShares VIX Short-Term Futures ETF4.04%13,925,348315.37
DAPPVanEck Vectors Digital Transformation ETF3.51%104,31330.62
SOGUThe Short De-SPAC ETF3.05%14,5509.87
EWZSiShares MSCI Brazil Small-Cap ETF2.32%285,766129.53
XESSPDR S&P Oil & Gas Equipment & Services ETF2.27%396,782195.26

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
BDRYBreakwave Dry Bulk Shipping ETF264.55%8.34%111.53
ILCViShares Morningstar Value ETF129.83%-0.86%725.25
PSCEInvesco S&P SmallCap Energy ETF76.16%0.74%221.21
FCGFirst Trust Natural Gas ETF75.11%0.43%280.91
PXEInvesco Dynamic Energy Exploration & Production ETF74.23%0.32%91.98
PXIInvesco DWA Energy Momentum ETF67.10%1.70%223.95
JJTiPath Series B Bloomberg Tin Subindex Total Return ETN65.00%-2.11%10.04
FRAKVanEck Vectors Unconventional Oil & Gas ETF64.45%0.12%19.18
AMZAInfraCap MLP ETF62.15%1.27%342.58
XOPSPDR S&P Oil & Gas Exploration & Production ETF59.71%0.09%4,491.85

 

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.

Dan Mika is a reporter for etf.com. He has previously covered business for the Ames Tribune and Cedar Rapids Gazette in Iowa, and BizWest Media in Fort Collins, Colorado. Dan holds a bachelor's degree in journalism from Truman State University.