Last Week in ETFs: Flows Accelerate Into Year-End

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The Big Picture: The ETF market reflected a complex risk-on environment this week, with significant rotations into materials and small caps, while precious metals and commodities powered strong inflows across multiple asset classes.

Equity

Size & Style (US):
U.S. size and style ETFs saw $26.68B in inflows as small caps rallied while growth slipped.
Size & Style (Global):
Global size and style ETFs saw $630M in inflows as value strategies took the week while blend took the cash.
Size & Style (Global Ex-US):
Global ex-U.S. ETFs attracted $6B in inflows as value strategies took a victory lap.
Region & Country:
Region and country ETFs gathered $543 million in inflows as Poland’s rally contrasted with Vietnam’s slide.
Sector & Industry:
Sector and industry ETFs saw $3.70B in inflows as materials surged while tech stumbled.
Thematic:
Thematic ETFs saw $2.45B in inflows as precious metals and pot stocks led the rally.
Specialty:
Specialty equity ETFs saw $7M in inflows as Fidelity won flows while JPMorgan held share.

Fixed Income

Taxable:
Taxable fixed income ETFs saw $5.9B in inflows as preferreds popped and yields shifted.
Municipal:
Municipal ETFs attracted $1.12B in inflows with intermediate and high yield funds leading demand.
Specialty:
Fixed income specialty ETFs saw $73M in outflows as interest rate volatility led performance.

Commodities

Commodities:
Commodities ETFs saw $2.16B in inflows as precious metals powered the channel.

Currencies & Crypto

Currency:
Currency ETFs saw $97M in outflows as the Swiss Franc led weekly performance.
Cryptocurrency:
Cryptocurrency ETFs gathered $687M in inflows despite mixed returns.

Alternatives

Alternatives:
Alternative ETFs saw $40M in inflows as managed futures remained steady and volatility strategies drove the action.

Non-Traditional

Leverage & Inverse:
Leverage and inverse ETFs saw $1.5B in outflows amidst mixed performance.
Buffer:
Buffer ETFs saw $220M in inflows as the channel topped $80 billion in AUM.
Single Stock:
Single stock ETFs saw $100M in inflows as risk-on traders chased leverage in bull funds.
Synthetic Income:
Synthetic income ETFs saw $850M in inflows as QQQI led the way and GDXW jumped 6.8%.

Multi-Asset

Multi-Asset:
Multi-asset ETFs gathered $289M in inflows.