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 TRUST - USD DIS | 526.41 | +0.75 | +0.14% |
| IWM | ISHARES TRUST RUSSELL 2000 ETF | 186.48 | +1.51 | +0.82% |
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 | ISHARES CORE S&P SMALL-CAP ETF - USD DIS | 96.30 | +1.02 | +1.07% |
| XLK | TECHNOLOGY SELECT SECTOR SPDR ETF | 192.86 | -1.05 | -0.54% |
| IVV | ISHARES CORE S&P 500 ETF - USD DIS | 528.67 | +0.53 | +0.10% |
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 | NO DATA AVAILABLE | - | - | - |
| QQQ | INVESCO QQQ TRUST - USD DIS | 444.10 | -0.08 | -0.02% |
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 TIPS BOND ETF - USD | 109.03 | +0.25 | +0.23% |
| IEF | ISHARES 7-10 YEAR TREASURY BOND ETF - USD | 94.68 | -0.27 | -0.28% |
| IUSB | ISHARES TRUST CORE TOTAL USD BD MKT ETF U | 45.54 | -0.07 | -0.15% |
| BIL | SPDR® BLOOMBERG 1-3 MONTH T-BILL ETF - USD DIS | 91.63 | +0.04 | +0.04% |
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.