Large-cap ETFs post biggest outflows in a year
Investors withdrew $34.6B from conventional funds and ETFs, according to the latest Refinitiv Lipper fund flow report
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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.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| SPY | SPDR S&P 500 ETF | 427.92 | +6.10 | +1.45% |
| IWM | ISHARES TRUST RUSSELL 2000 ETF | 181.96 | +6.32 | +3.60% |
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.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| IJR | S&P SMCP 600 IDX | 97.06 | +3.84 | +4.12% |
| XLK | TECHNOLOGY SELECT SECTOR SPDR ETF | 166.94 | +0.99 | +0.60% |
| IVV | ISHARES TRUST CORE S&P 500 ETF | 429.79 | +6.04 | +1.43% |
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.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| CAD | n.a. | n.a. | n.a. | n.a. |
| QQQ | INVESCO QQQ NASDAQ 100 | 354.65 | +2.64 | +0.75% |
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.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| TIP | ISHARES BARCLAYS TIPS BOND FUND | 107.63 | -0.53 | -0.49% |
| IEF | ISHARES TRUST 7-10 YEAR TREASURY BD ETF | 97.32 | -0.78 | -0.80% |
| IUSB | ISHARES TRUST CORE TOTAL USD BD MKT | 45.41 | -0.21 | -0.46% |
| BIL | SPDR SERIES TRUST BLOOMBERG 1-3 MTH T BILL ET | 91.45 | +0.01 | +0.01% |
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.