Investors added more than $46 billion to US-listed ETFs during the week ending Friday, July 17, pushing year-to-date inflows to nearly $1.15 trillion.
US equity ETFs led the way with $25.1 billion, while international equity ETFs pulled in $11.1 billion. US fixed income took in $3.9 billion. Commodities lagged, shedding $115 million.
The buying came even as stocks slipped. The S&P 500 fell about 1.6% last week as a selloff in high-flying tech, semiconductors especially, weighed on the index. Over in the bond market, yields ticked slightly higher, just a handful of basis points across the curve.
A few names cracked the top 10 that don't show up there week after week. The iShares MSCI South Korea ETF (EWY) hauled in $3 billion. Some investors treated the pullback in the fund, driven by a steep drop in heavyweights Samsung and SK Hynix, the two biggest makers of high-bandwidth memory, as a chance to get in. EWY has lost roughly a quarter of its value since peaking in June.
The same dynamic played out in the iShares Semiconductor ETF (SOXX) and the Roundhill Memory ETF (DRAM), the latter down as much as 40% from its highs. They pulled in $2.4 billion and $1.7 billion, respectively, last week as investors leaned into the chip selloff. The Invesco NASDAQ 100 ETF (QQQM) took in another $1.1 billion from investors who want broader exposure with a tech tilt.
On the outflows side of the ledger, the notable losers included the iShares Russell 2000 ETF (IWM), the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD), the SPDR Gold Shares (GLD), and the Invesco MSCI North America Climate ETF (KLMN), which shed between $390 million and $775 million.
For a full list of the top inflows and outflows from last week, see the tables below.
Direxion Daily Semiconductor Bull 3x Shares
ProShares GENIUS Money Market ETF
iShares iBoxx $ Investment Grade Corporate Bond ETF
Invesco MSCI North America Climate ETF
iShares MSCI EAFE Small-Cap ETF
iShares MSCI USA Momentum Factor ETF
iShares MSCI USA Value Factor ETF
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