Investors piled into U.S.-listed exchange-traded funds last week as the Fed cut rates and stocks hit record highs.
On net, over $61 billion flowed into U.S.-listed exchange-traded funds during the week ending Friday, Sept. 20. Of that, almost $50 billion went into U.S. equity ETFs.
The Fed surprised many investors with a 50 basis point rate cut last week, bolstering hopes that the U.S. economy could see a soft landing.
The S&P 500 surged to record highs, surpassing its previous peak from July.
The
Vanguard 500 Index Fund (VOO)
and the
SPDR S&P 500 ETF Trust (SPY)
were two of the most popular ETFs last week, with inflows of $8.8 billion and $4.1 billion, respectively.
Sandwiched between them was the
Pacer U.S. Cash Cows 100 ETF (COWZ)
, which picked up $4.3 billion of new money.
On the flip side, the
Financial Select Sector SPDR Fund (XLF)
and the
iShares 20+ Year Treasury Bond ETF (TLT)
were the two ETFs with the largest outflows.
Some investors may have speculated that lower rates could hurt the profitability of financial services companies, while others might believe that the Fed's rate cuts are already priced into bond markets.
For a full list of last week's top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
|
Ticker |
Name |
Net Flows ($, mm) |
AUM ($, mm) |
AUM % Change< |
|
VOO |
Vanguard 500 Index Fund |
8,849.86 |
528,008.25 |
1.68 |
|
COWZ |
Pacer U.S. Cash Cows 100 ETF |
4,325.56 |
29,464.04 |
14.68 |
|
SPY |
SPDR S&P 500 ETF Trust |
4,122.43 |
568,931.06 |
0.72 |
|
VTI |
Vanguard Total Stock Market ETF |
2,724.45 |
440,218.85 |
0.62 |
|
VUG |
Vanguard Growth ETF |
2,617.36 |
141,738.12 |
1.85 |
|
MOAT |
VanEck Morningstar Wide Moat ETF |
2,479.09 |
18,380.30 |
13.49 |
|
VTV |
Vanguard Value ETF |
2,346.59 |
130,072.60 |
1.80 |
|
VXF |
Vanguard Extended Market ETF |
1,689.86 |
22,322.54 |
7.57 |
|
SMH |
VanEck Semiconductor ETF |
1,250.23 |
24,037.54 |
5.20 |
|
IVV |
iShares Core S&P 500 ETF |
1,217.25 |
529,424.71 |
0.23 |
Top 10 Redemptions (All ETFs)
|
Ticker |
Name |
Net Flows ($, mm) |
AUM ($, mm) |
AUM % Change |
|
XLF |
Financial Select Sector SPDR Fund |
-936.88 |
43,025.18 |
-2.18 |
|
TLT |
iShares 20+ Year Treasury Bond ETF |
-594.20 |
62,298.06 |
-0.95 |
|
XLU |
Utilities Select Sector SPDR Fund |
-531.56 |
17,853.11 |
-2.98 |
|
HYG |
iShares iBoxx USD High Yield Corporate Bond ETF |
-515.17 |
15,745.68 |
-3.27 |
|
TLH |
iShares 10-20 Year Treasury Bond ETF |
-489.41 |
8,135.36 |
-6.02 |
|
SPLG |
SPDR Portfolio S&P 500 ETF |
-483.40 |
45,651.37 |
-1.06 |
|
DIA |
SPDR Dow Jones Industrial Average ETF Trust |
-400.09 |
34,865.39 |
-1.15 |
|
BIL |
SPDR Bloomberg 1-3 Month T-Bill ETF |
-362.20 |
34,470.34 |
-1.05 |
|
SLV |
iShares Silver Trust |
-328.66 |
14,263.33 |
-2.30 |
|
LQD |
iShares iBoxx USD Investment Grade Corporate Bond ETF |
-327.77 |
30,943.90 |
-1.06 |
ETF Weekly Flows By Asset Class
|
|
Net Flows ($, mm) |
AUM ($, mm) |
% of AUM |
|
Alternatives |
140.25 |
8,690.03 |
1.61% |
|
Asset Allocation |
96.07 |
20,360.08 |
0.47% |
|
Commodities |
69.45 |
156,845.99 |
0.04% |
|
Currency |
535.03 |
65,292.11 |
0.82% |
|
International Equity |
5,356.85 |
1,585,110.25 |
0.34% |
|
International Fixed Income |
2,003.50 |
222,032.71 |
0.90% |
|
Inverse |
907.17 |
13,053.23 |
6.95% |
|
Leveraged |
202.18 |
112,375.05 |
0.18% |
|
U.S. Equity |
49,157.11 |
6,211,256.08 |
0.79% |
|
U.S. Fixed Income |
2,551.77 |
1,555,575.15 |
0.16% |
|
Total: |
61,019.37 |
9,950,590.68 |
0.61% |
Top 10 Volume Surprises, Funds >$50 mm AUM
|
Ticker |
Name |
Average Volume
|
1 Week Average
|
% of Average |
|
ESGA |
American Century Sustainable Equity ETF |
25,235 |
567,923.00 |
2,250.55%% |
|
QINT |
American Century Quality Diversified International ETF |
25,124 |
493,302.00 |
1,963.47%% |
|
GFEB |
FT Vest U.S. Equity Moderate Buffer ETF - February |
62,503 |
1,122,510.00 |
1,795.92%% |
|
YSEP |
FT Vest International Equity Buffer ETF - September |
7,300 |
129,980.00 |
1,780.45%% |
|
RSSL |
Global X Russell 2000 ETF |
39,592 |
652,797.00 |
1,648.80%% |
|
DSEP |
FT Vest U.S. Equity Deep Buffer ETF - September |
22,335 |
358,133.00 |
1,603.44%% |
|
IBD |
Inspire Corporate Bond ETF |
92,859 |
1,313,544.00 |
1,414.56%% |
|
VOTE |
TCW Transform 500 ETF |
41,063 |
562,052.00 |
1,368.75%% |
|
FLV |
American Century Focused Large Cap Value ETF |
7,513 |
97,303.00 |
1,295.07%% |
|
IBMR |
iShares iBonds Dec 2029 Term Muni Bond ETF |
46,196 |
566,334.00 |
1,225.94%% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
|
Ticker |
Name |
Weekly Performance |
Weekly Volume |
AUM ($, mm) |
|
AETH |
Bitwise Ethereum Strategy ETF |
11.84% |
22,903 |
8.74 |
|
EETH |
ProShares Ether Strategy ETF |
11.80% |
382,192 |
66.26 |
|
ARKZ |
ARK 21Shares Active Ethereum Futures Strategy ETF |
11.79% |
31,809 |
7.39 |
|
CANE |
Teucrium Sugar Fund |
11.62% |
533,404 |
12.63 |
|
BETE |
ProShares Bitcoin & Ether Equal Weight Strategy ETF |
10.17% |
4,619 |
6.39 |
|
BTOP |
Bitwise Bitcoin and Ether Equal Weight Strategy ETF |
9.85% |
5,403 |
8.15 |
|
SURI |
Simplify Propel Opportunities ETF |
9.82% |
43,467 |
106.70 |
|
BTF |
Valkyrie Bitcoin and Ether Strategy ETF |
9.32% |
122,534 |
39.50 |
|
ARKY |
ARK 21Shares Active Bitcoin Ethereum Strategy ETF |
9.24% |
5,114 |
3.84 |
|
BETH |
ProShares Bitcoin & Ether Market Cap Weight Strategy ETF |
9.17% |
9,628 |
8.68 |
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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