ETFs added $6.5bln last week as inflation fears grow

ETF Hub wrote a column · Nov 30, 2021 19:46

The U.S.-listed ETF industry added nearly $6.5 billion in fresh assets in a shortened trading week between Nov. 19 and Nov. 24, with defensive ETFs gaining steam to play among the large cap funds that tend to dominate inflows.

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Large caps, total market ETFs keep adding

The $Invesco QQQ Trust(QQQ.US)$ led inflows on the period, with $1.16 billion added, while the $iShares MSCI USA Momentum Factor ETF(MTUM.US)$ and $Vanguard Total Stock Market ETF(VTI.US)$added $996 million and $855 million, respectively.

Fears over inflation in the U.S. sent some assets abroad, with the $Ishares Trust Core Msci Eafe Etf(IEFA.US)$ taking in $822 million.

Defensive ETFs also peppered the top inflows list, with inflation in mind. The $SPDR Gold ETF(GLD.US)$ took in $851 million, while the $iShares TIPS Bond ETF(TIP.US)$ added $615 million.

ETFs added $6.5bln last week as inflation fears grow

Growth, junk bonds hammered

The $SPDR S&P 500 ETF(SPY.US)$ was the biggest loser from flows in the period, as investors pulled nearly $2.5 billion from the oldest ETF in the U.S. The $iShares Core S&P 500 ETF(IVV.US)$ found itself losing $706 million, as investors lessened their exposure to the index.