iShares ETF inflows more than double to $17.4 billion

iShares ETFs took in a net $17.4 billion in the week to Nov. 8, up from $7.5 billion the week before, according to iShares' published daily fund data. It was the best of the past four weeks, about 16% above the $15.0 billion of the week to Oct. 18. The figures cover 431 iShares funds with $4.39 trillion in assets. They are not a market-wide ETF total.

IVV and IWM together took in $8.9 billion, about 51% of the week's net total, according to iShares' published daily fund data. Gross inflows were $24.9 billion against $7.5 billion of gross outflows. Of the 431 funds, 251 took in money and 179 lost it.

For advisors using iShares core bond funds in client models, the week split: AGG, the Core U.S. Aggregate Bond ETF, lost $924 million while Treasury funds TLT and IEF took in $2.35 billion. In crypto, the iShares Bitcoin Trust (IBIT) had a $1.03 billion outflow after three weeks of shrinking inflows.

US large cap and broad market funds took in $6.36 billion, up from $1.34 billion the week before, according to iShares' published daily fund data. Small and mid cap funds added $3.11 billion, against $1.97 billion the prior week. International and emerging funds took in $2.79 billion.

Treasuries swung hardest among the leaders, taking in $2.61 billion after an $803 million outflow the prior week. Corporate and high yield funds took in $2.35 billion, down from $3.78 billion, but positive for a fourth straight week.

The outflows were smaller. Crypto lost $1.03 billion. The Other equity category lost $955 million, its second straight weekly outflow of about that size. Real estate lost $336 million and has had outflows in each of the four weeks, totaling $837 million. Broad bonds lost $198 million after taking in $971 million the prior week.

Equity funds took in $13.31 billion, up from $2.73 billion the prior week, according to iShares' published daily fund data. That matches the pace of the week to Oct. 18, when equity took in $14.60 billion, rather than setting a new high.

Fixed income took in $5.27 billion, up from $4.25 billion. It has taken in money for three straight weeks, peaking at $7.00 billion in the week to Oct. 25, after a $579 million outflow in the week to Oct. 18. Over the four weeks, equity took in $33.3 billion and fixed income $15.9 billion.

The remaining asset classes netted to an outflow. Digital assets, which in iShares' data is the single fund IBIT, lost $1.03 billion, and real estate lost $268 million. Commodity funds (+$108 million) and multi-asset funds (+$28 million) did not offset that.

On the asset series charted below, equity assets fell about 5.5%, from $42.97 billion on Oct. 12 to $40.62 billion on Nov. 6, according to iShares' published fund records. Fixed income assets rose about 1.7%, from $9.71 billion to $9.87 billion. Those levels are small next to the $852.9 billion IVV alone held on Nov. 6, so the series likely covers part of the iShares book and is best read for direction.

Active iShares funds took in $293.7 million in the week, against $17.12 billion for index funds, according to iShares' published daily fund data. Active's share of the net total fell to 1.7% from 3.1% the week before.

Active flows stayed between $233.7 million and $324.6 million in each of the four weeks, $1.11 billion in total. The jump in the weekly total came from index funds, which went from $7.31 billion to $17.12 billion. The data cover 21 active funds and 410 index funds.

IVV, the iShares Core S&P 500 ETF, took in $6.24 billion, the week's largest fund inflow, followed by IWM, the iShares Russell 2000 ETF, at $2.64 billion, according to iShares' published daily fund data. Both had outflows in the week to Oct. 25: $2.02 billion for IVV and $2.46 billion for IWM. IVV's latest week exceeds its four-week net of $6.17 billion. IWM's is about 86% of its four-week net of $3.07 billion.

Treasury funds TLT and IEF took the next two slots, and LQD took in $871 million. The five largest inflows total $12.10 billion, about 49% of gross inflows.

Outflows were less concentrated. The five largest were IBIT (-$1.03 billion), AGG (-$924 million), IVW (-$414 million), EWT (-$404 million) and EWZ (-$382 million). They total $3.15 billion, about 42% of gross outflows. EWT and EWZ both sit in the Other equity category.

The iShares Bitcoin Trust (IBIT) lost $1.03 billion in the week to Nov. 8 after averaging $567.7 million of weekly inflows over the prior three weeks, according to iShares' published daily fund data. Those inflows had shrunk from $781 million to $630 million to $292 million. The outflow equals about 1.7% of the fund's $60.7 billion in assets on Nov. 6.

AGG's $924 million outflow followed an average of $34.2 million of weekly inflows. TLT went the other way, taking in $1.30 billion after three weeks of outflows totaling $3.55 billion, an average of $1.18 billion a week.

The equity reversals were smaller. IXUS, the iShares Core MSCI Total International Stock ETF, took in $603 million after averaging a $37.7 million weekly outflow. IVW, the iShares S&P 500 Growth ETF, lost $414 million after averaging $137.4 million of weekly inflows. IVV's inflow followed a prior three-week average outflow of $23.1 million, so it broke from a roughly flat pattern rather than reversing a trend.