QQQ and VOO lead ETF creations as GLD and Treasurys see inflows
Invesco QQQ Trust (QQQ) led ETF creations at $860.3M, followed by Vanguard S&P 500 ETF (VOO) at $693.2M. SPDR Gold Shares (GLD) added $627.7M and Treasury ETFs saw inflows, while IVV and SGOV recorded outflows.
Investors continued putting money to work across major ETFs Thursday, with the Invesco QQQ Trust (NASDAQ: QQQ ) leading creations at $860.3 million, followed by the Vanguard S&P 500 ETF (NYSE: VOO ) at $693.2 million.
SPDR Gold Shares (NYSE: GLD ) attracted another $627.7 million, while bond ETFs also saw notable demand. iShares Core International Aggregate Bond ETF (BATS: IAGG ) pulled in $484.1 million, while iShares 7-10 Year Treasury Bond ETF (NASDAQ: IEF ) and iShares 20+ Year Treasury Bond ETF (NASDAQ: TLT ) added $306 million and $255.7 million, respectively.
The biggest redemption came from the iShares Core S&P 500 ETF (NYSE: IVV ), which shed $1.39 billion. iShares 0-3 Month Treasury Bond ETF (NYSE: SGOV ) followed with $780.4 million in outflows.
Across asset classes, ETFs recorded $2.83 billion in net inflows.
U.S. equity ETFs were the lone major category to post net outflows, losing $1.69 billion, while commodities attracted $789.2 million and U.S. fixed-income ETFs gained $893.2 million.
QUICK CONTEXT: Investors Broaden Beyond U.S.
Stocks Thursday’s flow data suggest investors were not abandoning equities altogether but were broadening their exposure beyond the U.S. stock market.
QQQ and VOO remained among the biggest destinations for new money, pointing to continued demand for large-cap and growth-oriented U.S. equities.
At the same time, GLD attracted more than $600 million in inflows, while Treasury ETFs spanning short- and long-duration maturities saw meaningful activity.
The contrast within U.S. equities was notable.
While VOO recorded nearly $700 million in creations, IVV suffered $1.39 billion in redemptions, and iShares Core S&P Total US Stock Market ETF (NYSE: ITOT ) lost another $621.2 million.
The divergent flows may reflect portfolio repositioning rather than a broad-based exit from stocks.
International equity and fixed-income ETFs also attracted capital, suggesting investors were looking beyond the traditional U.S. equity trade.
Overall, the $2.83 billion inflow across ETFs indicates that money continued moving into the asset class even as U.S. equity ETFs collectively experienced outflows.
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