In this edition of the ETF Issuer League, WisdomTree Investments stood out thanks to its flagship ETF. The WisdomTree Floating Rate Treasury Fund (USFR ) brought in $143.6 million over the last week, building on $2.7 billion YTD. USFR flows helped WisdomTree see the highest inflows in the sub $80 billion AUM issuer tier for the last week. That helped the firm reach $54.3 billion in overall ETF AUM according to the Issuer League table.
The firm didn’t rely on USFR flows alone, either, about $30 million ahead of VanEck’s $152 million of weekly inflows. The WisdomTree Japan Hedged Equity Fund (DXJ ) and the WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE ) combined with $70 million. Those flows suggest continued interest in foreign equities as a tough U.S. market faces volatility.
Elsewhere in the table, Capital Group continued a strong flows performance YTD, adding $170 million over the last week. Furthermore, that also takes Capital Group to $9.1 billion in ETF AUM. A few more weeks like that may lift Capital Group into the $10 billion-plus ETF AUM tier. The Capital Group Growth ETF (CGGR ) led the way with $50 million for the week. CGGR has the second-highest YTD flows with $530 million so far in 2023.
Lower down the ETF AUM rankings, Volatility Shares added $25.6 million to its $220.6 million ETF AUM total over the last week. The firm’s focus on volatility paid off for the 2x Long VIX Futures ETF (UVIX ), adding $21.7 million for the week. That builds on $136 million YTD, too, suggesting that week’s flows may not have been a fluke. As the U.S. economy faces continued volatility, UVIX may continue to boost the firm in that space.
The week also saw big outflows for both State Street and Invesco, with $3.4 billion and $3.2 billion in outflows respectively. The SPDR S&P 500 ETF Trust (SPY ) saw $2.1 billion in outflows and the Invesco QQQ Trust (QQQ ) saw $2.7 billion in outflows for the week.
For more news, information, and analysis, visit the Modern Alpha Channel.