ETFs Add $77B In October
Inflows into U.S.-based ETFs in October amounted to $76.9 billion during the month, making it the third-largest inflow month in the year so far, and just $100 million shy of June for second.
The nearly 30% gain from September is primarily from a rebound in U.S. equity investing, which jumped from $25.5 billion worth of inflows in September to $51.2 billion last month, according to ETF.com data provider FactSet.
The U.S. ETF industry had $6.9 trillion in assets under management as of Oct. 29, placing it within reach of the $7 trillion mark in early November.
Broad Equities, Inflation Play Lead Gainers
U.S. equity funds recovered from a shaky September for stocks to occupy the majority of the top 10 ETFs by inflow for September. Several early beats in the third-quarter earnings season drove the S&P 500 past 4,600 points for the first time in its history, and the Dow Jones Industrial Average sat just below the 36,000 mark in the waning sessions of the month.
The iShares Core S&P 500 ETF (IVV) was a zero-to-hero leader, going from having the largest outflow in September at almost $3.1 billion to gaining a whopping $9.1 billion in October. That figure is enough to account for nearly 44% of IVV’s entire year-to-date inflows. The Invesco QQQ Trust (QQQ) was a distant second, with just shy of $4.3 billion in inflows.
Other broad funds that appeared in the month’s top 10 include the SPDR S&P 500 ETF Trust (SPY), the Vanguard S&P 500 ETF (VOO) and the Vanguard Total Stock Market ETF (VTI), which gained a combined $10.2 billion.
Inflation-protected Treasury funds also gained as a sector during the month, as warnings continue to pile up over a snarled supply chain heading into the holiday season, along with shortages of various forms of energy.
The iShares TIPS Bond ETF (TIP) gained $1.9 billion on the month, while the Schwab U.S. TIPS ETF (SCHP) gained $1.4 billion.
Bonds Sell Off
Fixed income funds saw the largest outflows on the month, as investors retook risk-on positions and feared that inflation would cut further into bottom-scraping yields.
The iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD) lost $2.9 billion in assets during the month, followed by the iShares 20+ Year Treasury Bond ETF (TLT) , with losses of $1.8 billion and the iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB) with $1.4 billion lost.
A handful of sector-specific ETFs also suffered outflows. The iShares U.S. Real Estate ETF (IYR) lost $574 million, while the iShares Global Tech ETF (IXN) dropped $557 million and the Industrial Select Sector SPDR Fund (XLI) lost $549 million.
XLI was likely affected by ongoing fears of supply chain issuer, while IYR investors may have been looking to get out of their real estate exposures ahead of the usually mum winter selling season and a potential Federal Reserve rate hike announcement.
For a full list of this month’s top inflows and outflows, see the tables below:
Top Gainers (October 2021)
Ticker | Name | Issuer | Net Flows ($,mm) | AUM ($M) | % of AUM | YTD 2021 Net Flows($,M) |
Blackrock | 9,119.51 | 315,543.91 | 2.89% | 21,029.04 | ||
Invesco | 4,260.19 | 200,420.28 | 2.13% | 13,928.85 | ||
State Street Global Advisors | 3,965.20 | 416,428.26 | 0.95% | 14,418.11 | ||
Vanguard | 3,834.17 | 267,483.86 | 1.43% | 44,306.45 | ||
Vanguard | 2,441.59 | 282,562.07 | 0.86% | 34,121.58 | ||
Blackrock | 2,134.15 | 104,012.93 | 2.05% | 10,507.67 | ||
Blackrock | 1,897.95 | 35,841.17 | 5.30% | 9,174.73 | ||
Nuveen Securities | 1,636.44 | 1,677.91 | 97.53% | 1,636.44 | ||
State Street Global Advisors | 1,447.61 | 45,525.93 | 3.18% | 9,636.46 | ||
Charles Schwab | 1,440.11 | 21,428.28 | 6.72% | 7,020.54 |
Top Gainers (Year-to-Date)
Ticker | Name | Issuer | Net Flows ($,mm) | AUM ($M) | % of AUM | October 2021 Net Flows($,M) |
Vanguard | 44,306.45 | 267,483.86 | 16.56% | 3,834.17 | ||
Vanguard | 34,121.58 | 282,562.07 | 12.08% | 2,441.59 | ||
Blackrock | 21,029.04 | 315,543.91 | 6.66% | 9,119.51 | ||
Vanguard | 17,103.33 | 83,001.26 | 20.61% | 1,185.89 | ||
State Street Global Advisors | 14,418.11 | 416,428.26 | 3.46% | 3,965.20 | ||
Invesco | 13,928.85 | 200,420.28 | 6.95% | 4,260.19 | ||
Vanguard | 13,686.25 | 42,632.14 | 32.10% | 711.22 | ||
Vanguard | 13,550.68 | 88,393.01 | 15.33% | 1,062.64 | ||
Blackrock | 10,719.76 | 80,272.64 | 13.35% | 0.00 | ||
Blackrock | 10,507.67 | 104,012.93 | 10.10% | 2,134.15 |
Biggest Losers (October 2021)
Ticker | Name | Issuer | Net Flows ($,mm) | AUM ($M) | % of AUM | YTD 2021 Net Flows($,M) |
Blackrock | -2,917.16 | 37,903.46 | -7.70% | -15,507.00 | ||
Blackrock | -1,862.85 | 15,243.40 | -12.22% | -2,422.00 | ||
Blackrock | -1,460.18 | 23,596.06 | -6.19% | 1,659.72 | ||
JPMorgan Chase | -967.44 | 8,002.81 | -12.09% | 1,532.64 | ||
Invesco | -645.62 | 1,865.14 | -34.61% | -690.95 | ||
Blackrock | -574.18 | 7,330.02 | -7.83% | 610.58 | ||
Blackrock | -557.38 | 5,552.61 | -10.04% | -383.01 | ||
State Street Global Advisors | -549.36 | 17,833.61 | -3.08% | -1,341.88 | ||
Direxion | -519.07 | 3,643.71 | -14.25% | -1,076.10 | ||
ProShares | -484.02 | 17,122.40 | -2.83% | 1,188.32 |
Biggest Losers (Year-to-Date)
Ticker | Name | Issuer | Net Flows ($,mm) | AUM ($M) | % of AUM | October 2021 Net Flows($,M) |
Blackrock | -15,507.00 | 37,903.46 | -40.91% | -2,917.16 | ||
State Street Global Advisors | -10,482.47 | 56,931.49 | -18.41% | -426.86 | ||
Blackrock | -7,969.48 | 29,090.12 | -27.40% | 732.34 | ||
Blackrock | -5,715.61 | 20,052.35 | -28.50% | 770.15 | ||
Blackrock | -4,200.19 | 13,622.57 | -30.83% | -361.20 | ||
State Street Global Advisors | -3,991.67 | 8,528.93 | -46.80% | -456.14 | ||
Blackrock | -2,728.06 | 8,339.83 | -32.71% | -67.99 | ||
Concierge Technologies | -2,621.31 | 2,739.03 | -95.70% | -98.20 | ||
Blackrock | -2,422.00 | 15,243.40 | -15.89% | -1,862.85 | ||
State Street Global Advisors | -2,008.62 | 11,792.49 | -17.03% | -408.19 |
Asset Classes (October 2021)
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 51,225.99 | 4,168,658.43 | 1.23% |
International Equity | 10,084.17 | 1,323,105.36 | 0.76% |
U.S. Fixed Income | 12,905.41 | 1,095,280.85 | 1.18% |
International Fixed Income | 980.93 | 149,475.52 | 0.66% |
Commodities | 542.34 | 140,771.43 | 0.39% |
Currency | 1,321.95 | 3,140.70 | 42.09% |
Leveraged | -1,633.28 | 69,494.52 | -2.35% |
Inverse | 556.36 | 12,541.61 | 4.44% |
Asset Allocation | 434.99 | 19,287.96 | 2.26% |
Alternatives | 474.75 | 7,061.44 | 6.72% |
Total: | 76,893.61 | 6,988,817.83 | 1.10% |
Asset Classes (Year-to-Date)
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 357,785.74 | 4,168,658.43 | 8.58% |
International Equity | 181,551.73 | 1,323,105.36 | 13.72% |
U.S. Fixed Income | 143,250.81 | 1,095,280.85 | 13.08% |
International Fixed Income | 29,725.63 | 149,475.52 | 19.89% |
Commodities | -3,535.58 | 140,771.43 | -2.51% |
Currency | 1,339.71 | 3,140.70 | 42.66% |
Leveraged | 1,853.10 | 69,494.52 | 2.67% |
Inverse | 6,245.25 | 12,541.61 | 49.80% |
Asset Allocation | 4,542.58 | 19,287.96 | 23.55% |
Alternatives | 3,166.29 | 7,061.44 | 44.84% |
Total: | 725,925.27 | 6,988,817.83 | 10.39% |
October 2021 ETF Issuer League Table
Issuer | Net Flows ($,M) | AUM ($,M) | % of AUM | YTD 2021 Net Flows($,M) |
Blackrock | 20,559.97 | 2,410,769.14 | 0.85% | 151,570.10 |
Vanguard | 21,213.94 | 2,011,458.95 | 1.05% | 275,034.52 |
State Street Global Advisors | 8,704.57 | 1,052,376.64 | 0.83% | 62,510.37 |
Invesco | 7,818.52 | 394,434.90 | 1.98% | 44,257.40 |
Charles Schwab | 4,577.98 | 266,998.53 | 1.71% | 36,415.51 |
First Trust | 2,367.52 | 146,028.53 | 1.62% | 21,030.47 |
JPMorgan Chase | 42.88 | 70,659.36 | 0.06% | 20,865.48 |
ProShares | 1,579.02 | 66,207.84 | 2.38% | 9,996.98 |
VanEck | 409.49 | 62,811.58 | 0.65% | 8,342.59 |
WisdomTree | 1,095.28 | 47,085.13 | 2.33% | 4,232.29 |
Mirae Asset Global Investments Co., Ltd. | 1,656.39 | 41,947.27 | 3.95% | 17,549.81 |
ARK | -200.91 | 41,681.08 | -0.48% | 11,458.80 |
Dimensional Holdings | 506.72 | 33,721.77 | 1.50% | 3,117.76 |
Fidelity | 27.68 | 32,505.03 | 0.09% | 4,045.25 |
Direxion | -1,290.53 | 27,256.59 | -4.73% | 491.06 |
Allianz | -260.49 | 27,214.67 | -0.96% | 1,275.76 |
Goldman Sachs | 260.96 | 26,238.63 | 0.99% | 1,059.20 |
Deutsche Bank | 3.36 | 23,679.00 | 0.01% | 2,049.32 |
Northern Trust | 130.75 | 19,390.61 | 0.67% | 2,978.44 |
CICC | 1,728.36 | 15,360.28 | 11.25% | 11,294.45 |
Franklin Templeton | 227.99 | 9,642.47 | 2.36% | 557.25 |
SS&C | 150.94 | 9,409.71 | 1.60% | 196.56 |
Pacer Advisors | 384.98 | 9,195.73 | 4.19% | 2,413.10 |
American Century Investments | 479.21 | 8,751.26 | 5.48% | 3,986.20 |
Exchange Traded Concepts | 224.81 | 8,215.62 | 2.74% | 2,311.06 |
ETFMG | 44.71 | 6,966.62 | 0.64% | 1,342.31 |
Abrdn Plc | 81.69 | 6,955.73 | 1.17% | 846.75 |
Crestview | 142.56 | 6,901.51 | 2.07% | 1,240.89 |
Nuveen Securities | 1,830.04 | 6,779.93 | 26.99% | 3,522.96 |
Principal | 725.25 | 6,293.66 | 11.52% | 1,805.12 |
Innovator | 115.50 | 5,861.59 | 1.97% | 1,399.24 |
Manulife | 29.30 | 5,312.34 | 0.55% | -527.19 |
Amplify Investments | 77.62 | 4,866.22 | 1.60% | 1,413.50 |
New York Life | -55.25 | 4,592.81 | -1.20% | 437.00 |
Janus Henderson | 121.29 | 4,493.95 | 2.70% | 497.91 |
Concierge Technologies | 26.56 | 4,313.70 | 0.62% | -2,901.44 |
The Hartford | 51.22 | 4,238.92 | 1.21% | 319.22 |
BMO | 95.41 | 4,051.02 | 2.36% | 710.66 |
US Global Investors | -108.54 | 3,511.65 | -3.09% | 590.08 |
Barclays | 385.12 | 3,467.38 | 11.11% | 1,825.35 |
Toroso Investments | -27.66 | 2,728.11 | -1.01% | 994.91 |
Prudential | 28.92 | 2,095.43 | 1.38% | 763.80 |
AdvisorShares | 0.22 | 1,982.88 | 0.01% | 1,408.21 |
Ameriprise Financial | 11.96 | 1,701.85 | 0.70% | 438.09 |
Aptus Capital Advisors | 14.53 | 1,672.52 | 0.87% | 608.80 |
Defiance ETFs | 18.53 | 1,577.49 | 1.17% | 445.55 |
O’Shares Investments | -29.50 | 1,542.89 | -1.91% | -51.21 |
Vident | 4.84 | 1,481.67 | 0.33% | -34.92 |
GraniteShares | -139.00 | 1,418.92 | -9.80% | 49.22 |
Virtus Investment Partners | 25.30 | 1,389.01 | 1.82% | 382.42 |
Rational Capital LLC | 90.97 | 1,332.31 | 6.83% | 1,081.52 |
UBS | 0.00 | 1,312.23 | 0.00% | -72.68 |
Davis Advisers | -6.55 | 1,279.80 | -0.51% | 108.48 |
The Bank of New York Mellon Corp. | 82.84 | 1,137.53 | 7.28% | 524.31 |
Nationwide | 80.30 | 1,136.50 | 7.07% | 596.85 |
Cambria | 19.65 | 1,135.80 | 1.73% | 269.44 |
Inspire | 20.20 | 1,114.67 | 1.81% | 251.57 |
Main Management | 5.59 | 1,080.79 | 0.52% | 264.08 |
Credit Suisse Group AG | -8.73 | 1,073.97 | -0.81% | 275.47 |
EMPIRICAL FINANCE LLC | 14.50 | 1,037.75 | 1.40% | 299.13 |
Horizon Kinetics LLC | 148.19 | 892.74 | 16.60% | 822.41 |
Simplify Asset Management Inc. | 73.35 | 846.74 | 8.66% | 654.28 |
Aegon | 0.00 | 816.70 | 0.00% | -45.90 |
The Motley Fool | -5.79 | 724.41 | -0.80% | 77.20 |
Roundhill Investments | 13.27 | 628.67 | 2.11% | 341.44 |
Howard Capital Management | 32.20 | 625.04 | 5.15% | 227.12 |
Merk | 13.87 | 576.68 | 2.41% | 156.02 |
T. Rowe Price Group, Inc. | 21.64 | 544.22 | 3.98% | 253.09 |
Renaissance Capital | -20.66 | 532.02 | -3.88% | -237.88 |
Tortoise | 15.59 | 529.14 | 2.95% | -0.48 |
Timothy Plan | 3.01 | 519.11 | 0.58% | 53.19 |
Redwood Investment Management | -7.26 | 510.65 | -1.42% | 46.56 |
TrimTabs | 9.10 | 465.01 | 1.96% | 38.88 |
Distillate Capital | 38.12 | 456.06 | 8.36% | 183.59 |
Liquid Strategies | 11.18 | 441.90 | 2.53% | 117.07 |
SRN Advisors | 5.08 | 388.30 | 1.31% | 54.88 |
Regents Park Funds | 15.84 | 380.10 | 4.17% | 96.91 |
ClearShares LLC | 9.95 | 362.23 | 2.75% | 109.41 |
Sprott | 0.00 | 358.60 | 0.00% | 17.90 |
Donald L. Hagan LLC | 28.90 | 346.21 | 8.35% | 159.79 |
Al Marketing LLC | -5.21 | 333.14 | -1.56% | -62.26 |
Little Harbor Advisors | 60.52 | 322.21 | 18.78% | 246.29 |
ProFund Advisors LLC | 23.71 | 314.60 | 7.54% | 385.78 |
Government of Sweden | 0.58 | 300.22 | 0.19% | -11.67 |
Teucrium | 3.81 | 289.66 | 1.32% | -108.47 |
WBI | 0.00 | 287.87 | 0.00% | -6.79 |
Core Alternative Capital | 10.33 | 240.45 | 4.30% | 92.90 |
Cavalier16 | 8.56 | 213.65 | 4.01% | 54.13 |
Mcivy Co. LLC | 4.90 | 204.89 | 2.39% | 131.09 |
Intangible Capital | 0.08 | 201.62 | 0.04% | 5.02 |
Syntax Advisors | 1.67 | 198.76 | 0.84% | 49.75 |
TrueMark Investments | 6.01 | 189.22 | 3.18% | 104.38 |
Capital Impact Advisors | 0.11 | 185.79 | 0.06% | -7.03 |
Impact Shares | 9.61 | 178.64 | 5.38% | 133.53 |
Advisors Asset Management | 13.59 | 157.33 | 8.64% | 108.64 |
Wahed | 2.90 | 155.90 | 1.86% | 68.31 |
Arrow Funds | -1.04 | 139.13 | -0.75% | 5.99 |
Swan Global Investments | 12.76 | 133.67 | 9.55% | 124.47 |
Wainwright, Inc. | 12.11 | 132.11 | 9.17% | 106.63 |
Tuttle Tactical Management, LLC | -13.97 | 126.18 | -11.07% | -17.49 |
Gadsden | 1.27 | 121.32 | 1.04% | 20.70 |
ProcureAM | -3.88 | 120.05 | -3.23% | 66.38 |
Kingsview Partners LLC | -3.97 | 112.16 | -3.54% | 102.18 |
AGF | 1.77 | 107.83 | 1.64% | -13.61 |
CornerCap Investment Counsel, Inc. | 0.00 | 106.03 | 0.00% | 28.06 |
Humankind USA LLC | 6.93 | 105.79 | 6.55% | 94.52 |
Change Finance | 5.03 | 101.42 | 4.96% | 57.02 |
Emles Advisors LLC | 3.44 | 95.44 | 3.60% | 28.08 |
Pettee Investors | 6.57 | 91.79 | 7.16% | 34.51 |
Neil Azous Revocable Trust | 0.69 | 87.95 | 0.78% | 67.01 |
Exponential ETFs | -1.48 | 82.01 | -1.80% | -0.27 |
Beyond Investing | 2.09 | 69.96 | 2.98% | 22.76 |
Metaurus Advisors | -4.26 | 67.85 | -6.28% | 6.65 |
Groupe BPCE | 1.60 | 67.09 | 2.38% | 11.22 |
Alger Group Holdings LLC | 3.52 | 59.14 | 5.95% | 45.27 |
Guinness Atkinson Asset Management | 0.71 | 54.87 | 1.30% | 13.72 |
Toews Corp. | 3.72 | 54.68 | 6.80% | 5.52 |
Absolute Investment Advisers LLC | 1.39 | 53.28 | 2.61% | 11.92 |
Valkyrie Funds LLC | 53.28 | 52.98 | 100.56% | 53.28 |
RBS Securities | 46.75 | 48.11 | 97.19% | 46.75 |
Alexis Investment Partners LLC | 2.03 | 46.56 | 4.36% | 27.34 |
Esoterica | 0.00 | 45.90 | 0.00% | 17.77 |
Infusive Asset Management | 0.00 | 43.57 | 0.00% | 6.84 |
Premise Capital | 0.00 | 40.78 | 0.00% | -14.10 |
Formidable Asset Management | 0.00 | 40.43 | 0.00% | 39.67 |
Rayliant Investment Research | 0.01 | 40.20 | 0.02% | 40.69 |
2nd Vote Value Investments, Inc | 0.00 | 39.60 | 0.00% | 30.41 |
Highland Capital Management | 0.02 | 38.48 | 0.05% | -14.60 |
ETF Series Solutions | -2.89 | 38.29 | -7.55% | 8.12 |
Red Gate Advisers LLC | -0.17 | 37.43 | -0.46% | 6.10 |
Power Corporation of Canada | 0.00 | 37.21 | 0.00% | 4.72 |
Pacific Life | 4.89 | 36.72 | 13.32% | 7.33 |
Inverdale Capital Management LLC | -1.80 | 36.66 | -4.90% | 29.70 |
New Age Alpha Advisors LLC | 3.09 | 33.87 | 9.13% | 30.40 |
Ridgeline Research LLC | 1.66 | 30.82 | 5.39% | 25.58 |
Uncommon Investment Advisors LLC | 3.96 | 29.42 | 13.45% | 27.84 |
Truist | 2.32 | 29.05 | 7.97% | 4.69 |
Charger Corp. | 19.47 | 27.60 | 70.55% | 26.20 |
AlphaMark Advisors | 0.00 | 26.80 | 0.00% | -1.41 |
Cabot ETF Partners LLC | 0.00 | 25.62 | 0.00% | 32.34 |
Knights of Columbus | 0.00 | 23.63 | 0.00% | 23.13 |
Mairs & Power, Inc. | 3.48 | 18.42 | 18.90% | 18.55 |
MCCM Group LLC | -0.43 | 18.26 | -2.37% | 29.97 |
ASYMmetric ETFs | 2.49 | 17.95 | 13.85% | 17.23 |
Changebridge Capital LLC | 0.00 | 17.88 | 0.00% | 10.96 |
The Leuthold Group LLC | 0.75 | 16.36 | 4.59% | 2.18 |
GAMCO Investors, Inc. | 0.29 | 15.10 | 1.92% | 7.84 |
Point Bridge Capital | -0.97 | 13.51 | -7.15% | 0.97 |
Future Fund Advisors | 0.98 | 13.39 | 7.31% | 12.59 |
EquBot | 0.00 | 11.79 | 0.00% | 4.82 |
Cohanzick Management | 4.40 | 10.32 | 42.62% | 10.20 |
Alternative Access Funds LLC | 0.00 | 10.03 | 0.00% | 0.00 |
Whitford Asset Management | 0.00 | 9.79 | 0.02% | 5.85 |
Counterpoint Mutual Funds LLC | 0.00 | 8.99 | 0.00% | -3.60 |
Applied Finance Group | -6.50 | 8.78 | -74.00% | 7.34 |
Jacob Asset Management | 0.00 | 8.18 | 0.00% | 7.47 |
Water Island Capital Partners LP | 0.00 | 7.89 | 0.00% | 1.29 |
Reflection Asset Management, LLC | 2.14 | 7.23 | 29.58% | 4.16 |
Global Beta Advisors | 0.00 | 5.03 | 0.00% | -2.97 |
Banhazl | 1.06 | 4.74 | 22.42% | 1.34 |
Spear Advisors LLC | 0.00 | 4.34 | 0.00% | 4.05 |
Democracy Investment Management LLC | 0.00 | 3.99 | 0.00% | 3.28 |
Lifegoal Investments LLC | 0.24 | 3.23 | 7.46% | 1.98 |
Zacks Investment Management | 0.63 | 2.66 | 23.80% | 2.60 |
Lyrical Partners | 1.90 | 2.59 | 73.38% | 1.90 |
Wilshire Phoenix Funds LLC | 0.00 | 1.79 | 0.00% | 0.00 |
Chadds Ford Investment Management LLC | 0.00 | 0.74 | 0.00% | 0.75 |
Litman Gregory Capital Partners LLC | 0.00 | 0.00 | 0.00% | 20.26 |
Eaton Vance Corp. | 0.00 | 0.00 | 0.00% | 0.00 |
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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