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ETF Inflows Strong Despite Hawkish Fed

Shubham Saharan
19 min read

In This Article:

Strong inflows continued into exchange-traded funds in August, climbing to $43 billion, up nearly 10% from July.  

The volumes may come as a surprise, as investors responded to central bankers’ warnings at the annual Jackson Hole conference about higher interest rates for the foreseeable future. ETF flows plummeted 84% last week from the week prior. Equity funds were the hardest hit last week, while bonds thrived, a trend analysts predict could continue in the coming months.

However, equity flows rose for the second straight month overall. U.S. equity funds raked in $30.7 billion last month, more than three times the $10 billion intake in July. U.S. fixed income ETF inflows declined to about half that of July’s, falling to $13.2 billion from $27.9 billion.

2022 remains on track to be the second-best year for ETF inflows on record.

The trend was already somewhat reflected in this month’s top asset gatherers. The top-performing ETFs during the month included the Vanguard Total Bond Market ETF (BND), the Vanguard Short-Term Corporate Bond ETF (VCSH) and the iShares 7-10 Year Treasury Bond ETF (IEF).

On the other side of the ledger, equity-focused funds including the SPDR Portfolio S&P 500 High Dividend ETF (SPYD), the iShares Core S&P Total U.S. Stock Market ETF (ITOT) and the SPDR S&P Dividend ETF (SDY) saw the most outflows during the month.


For a full list of the top inflows and outflows for August and 2022 as a whole, see the tables below:

 

Contact Shubham Saharan at shubham.saharan@etf.com

 

Top Gainers (August 2022)

Ticker

Name

Issuer

Net Flows ($,mm)

AUM ($M)

% of AUM

YTD 2022 Net Flows($,M)

XLF

Financial Select Sector SPDR Fund

State Street Global Advisors

3,853.46

33,513.19

11.50%

-4,420.99

VOO

Vanguard S&P 500 ETF

Vanguard

3,620.95

265,704.75

1.36%

32,902.93

BND

Vanguard Total Bond Market ETF

Vanguard

2,587.64

83,537.85

3.10%

9,573.16

VCSH

Vanguard Short-Term Corporate Bond ETF

Vanguard

2,562.56

43,784.90

5.85%

4,766.24

VTI

Vanguard Total Stock Market ETF

Vanguard

2,465.08

263,437.14

0.94%

16,769.70

IEF

iShares 7-10 Year Treasury Bond ETF

Blackrock

2,436.61

23,130.33

10.53%

7,692.14

IVV

iShares Core S&P 500 ETF

Blackrock

2,311.09

298,263.61

0.77%

18,125.71

VGIT

Vanguard Intermediate-Term Treasury Index ETF

Vanguard

2,227.45

11,748.82

18.96%

3,139.13

TLT

iShares 20+ Year Treasury Bond ETF

Blackrock

2,167.34

25,661.88

8.45%

11,089.82

AGG

iShares Core U.S. Aggregate Bond ETF

Blackrock

1,462.60

82,546.80

1.77%

813.79

 

Top Gainers (Year-to-Date)

Ticker

Name

Issuer

Net Flows ($,mm)

AUM ($M)

% of AUM

August 2022 Net Flows($,M)

VOO

Vanguard S&P 500 ETF

Vanguard

32,902.93

265,704.75

12.38%

3,620.95

IVV

iShares Core S&P 500 ETF

Blackrock

18,125.71

298,263.61

6.08%

2,311.09

VTI

Vanguard Total Stock Market ETF

Vanguard

16,769.70

263,437.14

6.37%

2,465.08

VTV

Vanguard Value ETF

Vanguard

13,665.27

98,495.19

13.87%

631.54

TLT

iShares 20+ Year Treasury Bond ETF

Blackrock

11,089.82

25,661.88

43.22%

2,167.34

SCHD

Schwab U.S. Dividend Equity ETF

Charles Schwab

9,729.01

37,434.40

25.99%

1,423.51

BND

Vanguard Total Bond Market ETF

Vanguard

9,573.16

83,537.85

11.46%

2,587.64

TQQQ

ProShares UltraPro QQQ

ProShares

8,579.49

12,293.28

69.79%

102.11

GOVT

iShares U.S. Treasury Bond ETF

Blackrock

8,254.24

22,628.45

36.48%

96.29

JEPI

JPMorgan Equity Premium Income ETF

JPMorgan Chase

7,703.78

12,517.28

61.55%

1,332.85

 

and

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