Weekly ETF Inflows See $1.8B Gain

New investments dropped 84% last week amid Fed Chair Powell’s rate increase comments.

ShubhamSaharan_white_bg
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Reviewed by: Shubham Saharan
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Edited by: Shubham Saharan

Investors added a meager $1.8 billion to U.S.-listed ETFs in the week ending Aug. 26, down 84% from the week before, according to data from ETF.com.  

ETF inflows plunged as investors responded to central bankers’ warnings of higher interest rates for the foreseeable future. Federal Reserve Chairman Jerome Powell stated during the annual Jackson Hole conference that the Fed would continue its aggressive path to tame inflation by hiking interest rates. His address put to rest any thoughts that the central bank would ease quantitative tightening in the months ahead.  

Following Powell’s remarks, the S&P on Friday fell 3.4%, its largest one-day drop in more than two months. The index was down nearly 0.1% in the middle of the trading day on Monday. The SPDR S&P 500 ETF Trust (SPY) saw more than $873 million in outflows last week, up almost 18.5% from the previous period.  

Investors also changed course last week, moving money from U.S. equities to fixed income ETFs. U.S. equities inflows made up just under $1 billion of total inflows last week, compared with more than $12 billion from the week prior. Meanwhile, U.S. fixed income ETFs brought in almost $2.4 billion, rebounding from $773 million in outflows in the week ending Aug. 19.  

Individual Movers   

Short-term, corporate and Treasury bond ETFs were among the top performers last week, raking in almost $3.3 billion in inflows. Top funds included the Vanguard Short-Term Bond ETF (BSV), the SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) and the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD).  

On the other side of the ledger, index and high yield corporate bond funds including the Invesco S&P 500 Low Volatility ETF (SPLV), the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) and the SPDR Bloomberg High Yield Bond ETF (JNK) were among those with the largest outflows. 

 

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
XLFFinancial Select Sector SPDR Fund2,189.1735,072.536.24%
BSVVanguard Short-Term Bond ETF826.4338,972.562.12%
BILSPDR Bloomberg 1-3 Month T-Bill ETF731.9316,857.464.34%
VOOVanguard S&P 500 ETF660.14279,825.580.24%
TLTiShares 20+ Year Treasury Bond ETF652.3425,304.902.58%
XLUUtilities Select Sector SPDR Fund610.4318,167.623.36%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF600.6336,578.691.64%
VGSHVanguard Short-Term Treasury Index ETF477.8015,419.263.10%
USPXFranklin U.S. Equity Index ETF430.32452.6095.08%
MDYVSPDR S&P 400 Mid Cap Value ETF368.552,032.8718.13%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
QQQInvesco QQQ Trust-1,543.68176,706.60-0.87%
SPLVInvesco S&P 500 Low Volatility ETF-1,076.5911,696.43-9.20%
HYGiShares iBoxx USD High Yield Corporate Bond ETF-889.8013,932.08-6.39%
SPYSPDR S&P 500 ETF Trust-873.31384,139.23-0.23%
JNKSPDR Bloomberg High Yield Bond ETF-837.538,010.60-10.46%
IVViShares Core S&P 500 ETF-600.64313,707.20-0.19%
SQQQProShares UltraPro Short QQQ-511.604,551.16-11.24%
XLKTechnology Select Sector SPDR Fund-472.2144,227.30-1.07%
EFAiShares MSCI EAFE ETF-388.3345,656.59-0.85%
GLDSPDR Gold Trust-357.2255,384.13-0.64%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity981.174,076,186.250.02%
International Equity-957.431,149,143.06-0.08%
U.S. Fixed Income2,395.301,119,229.380.21%
International Fixed Income-147.01141,668.77-0.10%
Commodities-435.48142,083.15-0.31%
Currency331.944,273.357.77%
Leveraged-7.7256,170.47-0.01%
Inverse-414.7622,498.37-1.84%
Asset Allocation-56.8117,254.80-0.33%
Alternatives146.298,310.121.76%
Total:1,835.496,736,817.710.03%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity176,352.874,076,186.254.33%
International Equity66,863.151,149,143.065.82%
U.S. Fixed Income104,618.451,119,229.389.35%
International Fixed Income6,860.07141,668.774.84%
Commodities6,430.39142,083.154.53%
Currency1,738.724,273.3540.69%
Leveraged17,061.1256,170.4730.37%
Inverse11,860.1022,498.3752.72%
Asset Allocation301.5817,254.801.75%
Alternatives1,699.668,310.1220.45%
Total:393,786.106,736,817.715.85%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
URNMSprott Uranium Miners ETF18.24%1,652,968966.66
URAGlobal X Uranium ETF15.77%11,354,5271,668.89
MSOSAdvisorShares Pure US Cannabis ETF14.84%5,712,943740.10
MJUSETFMG U.S. Alternative Harvest ETF13.50%195,80668.30
PSILAdvisorShares Psychedelics ETF13.26%367,5439.94
WEEDRoundhill Cannabis ETF12.97%6,9191.54
MJETFMG Alternative Harvest ETF11.36%9,246,865402.57
XDNAKelly CRISPR & Gene Editing Technology ETF11.20%153,0592.01
HDRODefiance Next Gen H2 ETF10.80%133,05551.65
HYDRGlobal X Hydrogen ETF10.73%305,88444.84

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
RJNElements Rogers International Commodity Index-Energy TR ETN68.37%2.42%13.73
MLPOCredit Suisse S&P MLP Index ETN43.40%3.17%30.06
FILLiShares MSCI Global Energy Producers ETF39.18%4.98%127.24
TPYPTortoise North American Pipeline Fund25.75%2.63%596.74
RISRFolioBeyond Rising Rates ETF24.63%0.29%87.45
RJIElements Rogers International Commodity Index-Total Return ETN24.17%0.70%126.01
TADSThe Active Dividend Stock ETF17.40%0.00%126.01
LBAYLeatherback Long/Short Alternative Yield ETF15.98%1.54%53.46
NVMZTrueShares Structured Outcome ETF - November14.66% 53.46
FUEELEMENTS Linked to the ICE BofAML Commodity Index eXtra Biofuels - Total Return ETN14.35%0.60%1.63

 

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.