Large-cap ETFs post biggest outflows in a year
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Large-cap ETFs have recorded outflows of $9.4 billion for the period ending Feb. 2, according to the latest fund flow report from Refinitiv Lipper. The figure marks the largest outflows since February of last year.
|SPY||SPDR S&P 500 ETF||448.70||+2.10||+0.47%|
|IWM||ISHARES TRUST RUSSELL 2000 ETF||198.38||+0.85||+0.43%|
The SPDR S&P 500 ETF and iShares Russell 2000 ETF led the week's outflows, with investors redeeming $15.8 billion and $1.1 billion, respectively.
|IJR||S&P SMCP 600 IDX||104.97||0.00||0.00%|
|XLK||TECHNOLOGY SELECT SECTOR SPDR ETF||159.60||+0.64||+0.40%|
|IVV||ISHARES TRUST CORE S&P 500 ETF||450.85||+2.25||+0.50%|
Meanwhile, small-cap ETFs, sector technology ETFs and value-aggressive ETFs posted outflows of $1.5 billion, $995 million, and $905 million, respectively.
Despite suffering a third straight week of outflows greater than $8 billion, large-cap ETFs saw a weekly gain of 4.87%, the largest since April 2020.
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Exchanged-traded equity funds recorded $10 billion in outflows for the week, despite a weekly gain of 4.33%, the largest since November 2020.
|QQQ||INVESCO QQQ NASDAQ 100||358.01||+4.46||+1.26%|
Equity ETFs with the largest inflows for the week included the iShares: Core S&P 500 and Invesco QQQ Trust 1, which took in $2.8 billion and $2.6 billion, respectively.
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Fixed-income ETFs suffered net outflows of $1.1 billion, led by the iShares TIPS Bond ETF and iShares: 7-10 Treasury Bond ETF's outflows of $1.6 billion and $1 billion, respectively.
|TIP||ISHARES BARCLAYS TIPS BOND FUND||123.91||-0.72||-0.58%|
|IEF||ISHARES TRUST 7-10 YEAR TREASURY BD ETF||111.20||-0.86||-0.77%|
|IUSB||ISHARES TRUST CORE TOTAL USD BOND MKT ETF||51.26||-0.33||-0.64%|
|BIL||SPDR SERIES TRUST BLOMBRG BARCLYS 1-3 T BILLS||91.41||-0.02||-0.02%|
The largest inflows came from the iShares: Core Total USD Bond Market ETF and SPDR Bloomberg 1- Month T-Bill ETF, which brought in $1.7 billion and $1.4 billion, respectively.
Overall, investors withdrew a net total of $34.6 billion from conventional funds and ETFs. The largest outflows came from money market funds, which lost $21.4 billion. Meanwhile, equity funds posted outflows of $5.2 billion, taxable bond funds saw outflows of $5.1 billion and tax-exempt bond funds suffered outflows of $2.9 billion.
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