Investors pushed $3.9 billion into U.S.-listed ETFs last week, bringing year-to-date inflows up to $406.1 billion.
U.S. fixed income ETFs accumulated $4 billion of new money, while U.S. equity ETFs shed $3.2 billion.
Total assets under management in U.S.-listed ETFs hit $9.22 trillion thanks to the modest inflows and fresh record highs in the U.S. stock market.
The S&P 500 hovered just below 5,500 for much of last week, a gain of almost 16% for the year.
On the other hand, despite their inflows last week, prices for fixed income ETFs mostly fell as Treasury yields ticked up.
The 10-year Treasury bond yield approached 4.5% for the first time in three weeks as election odds shifted in favor of Trump over Biden.
More Tax-Related Trades
Taking a look at individual ETFs, the
SPDR S&P 500 ETF Trust (SPY)
easily topped the inflows charts with creations of $16.7 billion. It was followed by the
iShares Russell Mid-Cap ETF (IWR)
and the
iShares Russell Mid-Cap Growth ETF (IWP)
.
However, just like last week, many of these flows figures are muddied by heartbeat trades designed to minimize taxes.
Those trades tend to be more common during quarterly index rebalancings, when stocks are added and subtracted from indices.
The
Technology Select Sector SPDR Fund (XLK)
, which had outflows of $8.5 billion last week, is case in point. Its outflow is essentially a mirror image of the prior week’s inflow, and is meant to reduce the taxes associated with its shifting portfolio, including a $10 billion sale of Apple shares in exchange for Nvidia.
Following behind XLK on the weekly outflows list was the
Vanguard Growth ETF (VUG)
, which had $6 billion of outflows—another heartbeat trade.
For a full list of last week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
|
Ticker |
Name |
Net Flows ($, mm) |
AUM ($, mm) |
AUM % Change< |
|
SPY |
SPDR S&P 500 ETF Trust |
16,678.36 |
543,033.82 |
3.07 |
|
IWR |
iShares Russell Mid-Cap ETF |
3,376.51 |
36,998.11 |
9.13 |
|
IWP |
iShares Russell Mid-Cap Growth ETF |
3,340.88 |
17,672.54 |
18.90 |
|
TLT |
iShares 20+ Year Treasury Bond ETF |
2,699.13 |
53,985.80 |
5.00 |
|
IVV |
iShares Core S&P 500 ETF |
2,189.58 |
489,887.17 |
0.45 |
|
IWS |
iShares Russell Mid-Cap Value ETF |
1,597.39 |
14,158.41 |
11.28 |
|
OMFL |
Invesco Russell 1000 Dynamic Multifactor ETF |
1,374.82 |
7,392.34 |
18.60 |
|
VONG |
Vanguard Russell 1000 Growth ETF |
1,282.46 |
22,196.42 |
5.78 |
|
VEA |
Vanguard FTSE Developed Markets ETF |
1,278.45 |
132,333.10 |
0.97 |
|
IWB |
iShares Russell 1000 ETF |
1,235.19 |
37,687.06 |
3.28 |
Top 10 Redemptions (All ETFs)
|
Ticker |
Name |
Net Flows ($, mm) |
AUM ($, mm) |
AUM % Change |
|
XLK |
Technology Select Sector SPDR Fund |
-8,583.07 |
70,250.76 |
-12.22 |
|
VUG |
Vanguard Growth ETF |
-6,030.51 |
134,986.94 |
-4.47 |
|
VOO |
Vanguard 500 Index Fund |
-5,858.06 |
473,839.57 |
-1.24 |
|
COWZ |
Pacer U.S. Cash Cows 100 ETF |
-3,070.65 |
23,016.98 |
-13.34 |
|
SPHQ |
Invesco S&P 500 Quality ETF |
-2,881.87 |
10,029.12 |
-28.74 |
|
VXF |
Vanguard Extended Market ETF |
-2,703.36 |
18,349.01 |
-14.73 |
|
MOAT |
VanEck Morningstar Wide Moat ETF |
-2,437.79 |
14,395.57 |
-16.93 |
|
VTI |
Vanguard Total Stock Market ETF |
-1,908.20 |
410,244.71 |
-0.47 |
|
SMH |
VanEck Semiconductor ETF |
-1,582.26 |
22,778.90 |
-6.95 |
|
SPGP |
Invesco S&P 500 GARP ETF |
-1,466.55 |
4,763.97 |
-30.78 |
ETF Weekly Flows By Asset Class
|
|
Net Flows ($, mm) |
AUM ($, mm) |
% of AUM |
|
Alternatives |
60.27 |
7,933.13 |
0.76% |
|
Asset Allocation |
118.07 |
18,561.06 |
0.64% |
|
Commodities |
-190.24 |
141,435.58 |
-0.13% |
|
Currency |
-217.39 |
56,973.19 |
-0.38% |
|
International Equity |
1,468.59 |
1,498,184.14 |
0.10% |
|
International Fixed Income |
857.83 |
205,374.50 |
0.42% |
|
Inverse |
-444.82 |
12,979.50 |
-3.43% |
|
Leveraged |
1,389.88 |
107,082.42 |
1.30% |
|
U.S. Equity |
-3,179.70 |
5,749,283.80 |
-0.06% |
|
U.S. Fixed Income |
4,014.38 |
1,422,718.09 |
0.28% |
|
Total: |
3,876.88 |
9,220,525.41 |
0.04% |
Asset Classes (Year-to-Date)
|
|
Net Flows ($, mm) |
AUM ($, mm) |
% of AUM |
|
Alternatives |
1,157.42 |
7,933.13 |
14.59% |
|
Asset Allocation |
722.32 |
18,561.06 |
3.89% |
|
Commodities |
-4,833.02 |
141,435.58 |
-3.42% |
|
Currency |
14,775.18 |
56,973.19 |
25.93% |
|
International Equity |
55,954.04 |
1,498,184.14 |
3.73% |
|
International Fixed Income |
28,405.03 |
205,374.50 |
13.83% |
|
Inverse |
631.24 |
12,979.50 |
4.86% |
|
Leveraged |
-3,911.16 |
107,082.42 |
-3.65% |
|
U.S. Equity |
223,151.21 |
5,749,283.80 |
3.88% |
|
U.S. Fixed Income |
90,056.05 |
1,422,718.09 |
6.33% |
|
Total: |
406,108.31 |
9,220,525.41 |
4.40% |
Top 10 Volume Surprises, Funds >$50 mm AUM
|
Ticker |
Name |
Average Volume
|
1 Week Average
|
% of Average |
|
JULW |
AllianzIM U.S. Large Cap Buffer20 Jul ETF |
125,681 |
3,175,349.00 |
2,526.52%% |
|
NUGO |
Nuveen Growth Opportunities ETF |
177,328 |
4,358,296.00 |
2,457.76%% |
|
FEBT |
AllianzIM U.S. Large Cap Buffer10 Feb ETF |
56,593 |
1,359,209.00 |
2,401.72%% |
|
MKOR |
Matthews Korea Active ETF |
7,222 |
151,786.00 |
2,101.68%% |
|
SIXP |
AllianzIM U.S. Large Cap 6 Month Buffer10 Mar/Sep ETF |
39,934 |
833,365.00 |
2,086.84%% |
|
MARW |
AllianzIM U.S. Large Cap Buffer20 Mar ETF |
96,545 |
1,709,653.00 |
1,770.84%% |
|
USCL |
iShares Climate Conscious & Transition MSCI USA ETF |
31,669 |
539,287.00 |
1,702.91%% |
|
XEMD |
BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF |
10,603 |
179,470.00 |
1,692.58%% |
|
GSID |
Goldman Sachs MarketBeta International Equity ETF |
35,267 |
586,153.00 |
1,662.05%% |
|
SIXJ |
AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF |
56,328 |
857,004.00 |
1,521.45%% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
|
Ticker |
Name |
Weekly Performance |
Weekly Volume |
AUM ($, mm) |
|
PFIX |
Simplify Interest Rate Hedge ETF |
5.74% |
149,516 |
141.51 |
|
BUG |
Global X Cybersecurity ETF |
5.26% |
933,243 |
790.45 |
|
CONY |
YieldMax COIN Option Income Strategy ETF |
5.10% |
5,346,439 |
631.14 |
|
WCBR |
WisdomTree Cybersecurity Fund |
4.71% |
151,321 |
92.74 |
|
NVDY |
YieldMax NVDA Option Income Strategy ETF |
4.64% |
8,163,928 |
738.10 |
|
WCLD |
WisdomTree Cloud Computing Fund |
4.63% |
1,198,977 |
485.25 |
|
LRNZ |
TrueShares Technology, AI & Deep Learning ETF |
4.43% |
50,983 |
42.88 |
|
PSWD |
Xtrackers Cybersecurity Select Equity ETF |
3.94% |
1,333 |
5.97 |
|
SKYY |
First Trust Cloud Computing ETF |
3.92% |
495,101 |
2,979.98 |
|
TSLP |
Kurv Yield Premium Strategy Tesla TSLA ETF |
3.91% |
34,177 |
3.39 |
Top 10 YTD Performers
|
Ticker |
Name |
YTD Performance |
Weekly Performance |
AUM ($, mm) |
|
NVDY |
YieldMax NVDA Option Income Strategy ETF |
93.79% |
4.64% |
738.10 |
|
GBTC |
Grayscale Bitcoin Trust ETF |
53.78% |
1.27% |
16,916.59 |
|
SMH |
VanEck Semiconductor ETF |
49.08% |
1.94% |
22,778.90 |
|
BTF |
Valkyrie Bitcoin and Ether Strategy ETF |
39.64% |
1.77% |
48.31 |
|
EETH |
ProShares Ether Strategy ETF |
39.59% |
2.40% |
103.49 |
|
ARKY |
ARK 21Shares Active Bitcoin Ethereum Strategy ETF |
38.88% |
1.26% |
4.76 |
|
ARKZ |
ARK 21Shares Active Ethereum Futures Strategy ETF |
38.65% |
1.60% |
12.91 |
|
CRPT |
First Trust SkyBridge Crypto Industry and Digital Economy ETF |
38.57% |
3.02% |
59.24 |
|
BETE |
ProShares Bitcoin & Ether Equal Weight Strategy ETF |
37.74% |
1.78% |
4.20 |
|
BETH |
ProShares Bitcoin & Ether Market Cap Weight Strategy ETF |
36.89% |
1.50% |
7.05 |
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.
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