Annual ETF Inflows Soar Above $300B

September 01, 2017

The stock market's impressive rally may have paused in August, but inflows into exchange-traded funds showed no such slowdown. According to the latest data from FactSet, investors added $29.9 billion into U.S.-listed ETFs during the month, enough to break two key milestones.

The first was the annual inflows record from 2016. That former record was surpassed midmonth, when year-to-date inflows edged above $287.5 billion. Then just days ago, year-to-date inflows eclipsed another landmark, rising above $300 billion for the first time. The latest record as of today is $303.7 billion and counting.

To put that in perspective, last year at this time, inflows through the first eight months of the year totaled $143.2 billion. In other words, inflows this year are running at more than double last year's pace.

Inflows Across The Board
Shifting focus back to the month of August, investors distributed their money relatively evenly between the various ETF segments. U.S. equity ETFs, international equity ETFs and U.S. fixed-income ETFs had around $8 billion worth of inflows a piece.

At the same time, international fixed-income ETFs and commodity ETFs each had inflows of more than $1 billion. The biggest standout was perhaps the "inverse ETFs" segment, which garnered an impressive $2.1 billion worth of inflows, a big gain for the relatively niche group of products. 

Inverse VIX And Gold In Favor
In terms of inflows, the usual suspects dominated the list. The SPDR S&P 500 ETF Trust (SPY), the iShares Core S&P 500 ETF (IVV) and the Vanguard FTSE Developed Markets ETF (VEA) took the top three spots, with creations of almost $2 billion or more during August.

The most unusual name on the top 10 was the ProShares Short VIX Short-Term Futures ETF (SVXY), with inflows of $907 million. Assets under management in the fund skyrocketed to $1.4 billion as investors used August's spike in volatility to bargain-hunt in the inverse-VIX ETF.  

Two other noteworthy names on the top creations list were the Industrials Select Sector SPDR Fund (XLI) and the SPDR Gold Trust (GLD), each with inflows of more than $1 billion. Gold prices hit a new high for the year during August above $1,320 as the U.S. dollar slid to new lows.

Outflows From Sector ETFs 
Meanwhile, the outflows list for August was chock full of sector funds. The Consumer Staples Select Sector SPDR Fund (XLP), the Consumer Discretionary Select Sector SPDR Fund (XLY), the Health Care Select Sector SPDR Fund (XLV) and the Financial Select Sector SPDR Fund (XLF) all had outflows ranging from $500 million to $1.4 billion. 

Two international funds also made an appearance on the list. The iShares MSCI Japan ETF (EWJ) and the iShares MSCI Eurozone ETF (EZU) had redemptions of $550 million and $400 million, respectively.

For a full list of top inflows and outflows for August and the year-to-date period, see the tables below:

 

Top Gainers (August 2017)

Ticker Name Issuer Net Flows ($,mm) AUM ($M) % of AUM YTD 2017 Net Flows($,M)
SPY SPDR S&P 500 ETF Trust State Street Global Advisors 2,355.00 244,237.06 0.97% -2,789.05
IVV iShares Core S&P 500 ETF BlackRock 2,107.46 123,680.70 1.73% 23,153.83
VEA Vanguard FTSE Developed Markets ETF Vanguard 1,966.62 60,159.03 3.38% 13,177.51
QQQ PowerShares QQQ Trust Invesco PowerShares 1,871.42 52,721.76 3.68% 1,739.85
IWM iShares Russell 2000 ETF BlackRock 1,850.50 36,199.81 5.39% -3,011.24
AGG iShares Core U.S. Aggregate Bond ETF BlackRock 1,306.63 50,110.03 2.68% 7,639.07
DIA SPDR Dow Jones Industrial Average ETF Trust State Street Global Advisors 1,245.23 17,678.78 7.58% 1,278.84
XLI Industrial Select Sector SPDR Fund State Street Global Advisors 1,073.51 11,567.65 10.23% 418.44
GLD SPDR Gold Trust State Street Global Advisors 1,027.45 34,336.07 3.08% -45.46
SVXY ProShares Short VIX Short-Term Futures ETF ProShares 906.75 1,388.28 188.31% 952.89

 

Top Gainers (Year-to-Date)

Ticker Name Issuer Net Flows ($,mm) AUM ($M) % of AUM August 2017 Net Flows($,M)
IVV iShares Core S&P 500 ETF BlackRock 23,153.83 123,680.70 23.03% 2,107.46
IEFA iShares Core MSCI EAFE ETF BlackRock 14,468.06 33,428.16 76.31% 486.99
VEA Vanguard FTSE Developed Markets ETF Vanguard 13,177.51 60,159.03 28.05% 1,966.62
IEMG iShares Core MSCI Emerging Markets ETF BlackRock 12,650.54 36,732.38 52.53% 828.14
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF BlackRock 10,340.79 38,548.05 36.66% 712.32
EFA iShares MSCI EAFE ETF BlackRock 9,481.25 78,151.72 13.81% 0.00
VOO Vanguard S&P 500 ETF Vanguard 8,687.93 71,361.76 13.86% -115.84
AGG iShares Core U.S. Aggregate Bond ETF BlackRock 7,639.07 50,110.03 17.99% 1,306.63
VWO Vanguard FTSE Emerging Markets ETF Vanguard 6,979.23 61,864.89 12.72% 853.49
VCIT Vanguard Intermediate-Term Corporate Bond ETF Vanguard 5,874.87 16,638.16 54.58% 694.28

 

Biggest Losers (August 2017)

Ticker Name Issuer Net Flows ($,mm) AUM ($M) % of AUM YTD 2017 Net Flows($,M)
XLP Consumer Staples Select Sector SPDR Fund State Street Global Advisors -1,338.61 8,160.99 -14.09% -527.91
MDY SPDR S&P Midcap 400 ETF Trust State Street Global Advisors -1,009.00 17,854.30 -5.35% -1,651.45
XLY Consumer Discretionary Select Sector SPDR Fund State Street Global Advisors -928.54 11,674.58 -7.37% -194.90
IWD iShares Russell 1000 Value ETF BlackRock -782.71 35,514.72 -2.16% -418.57
XLV Health Care Select Sector SPDR Fund State Street Global Advisors -690.02 17,204.38 -3.86% 1,419.10
HYG iShares iBoxx $ High Yield Corporate Bond ETF BlackRock -615.39 18,158.85 -3.28% -1,094.52
EWJ iShares MSCI Japan ETF BlackRock -551.28 15,894.09 -3.35% -888.49
XLF Financial Select Sector SPDR Fund State Street Global Advisors -528.01 24,990.92 -2.07% 1,268.52
IWB iShares Russell 1000 ETF BlackRock -409.89 18,707.09 -2.14% 97.31
EZU iShares MSCI Eurozone ETF BlackRock -400.87 13,237.34 -2.94% 4,256.67

 

Biggest Losers (Year-to-Date)

Ticker Name Issuer Net Flows ($,mm) AUM ($M) % of AUM August 2017 Net Flows($,M)
IWM iShares Russell 2000 ETF BlackRock -3,011.24 36,199.81 -7.68% 1,850.50
GDX VanEck Vectors Gold Miners ETF VanEck -2,792.74 8,087.05 -25.67% 102.24
SPY SPDR S&P 500 ETF Trust State Street Global Advisors -2,789.05 244,237.06 -1.13% 2,355.00
MDY SPDR S&P Midcap 400 ETF Trust State Street Global Advisors -1,651.45 17,854.30 -8.47% -1,009.00
IWF iShares Russell 1000 Growth ETF BlackRock -1,528.39 36,319.72 -4.04% -59.00
DBEF Deutsche X-trackers MSCI EAFE Hedged Equity ETF Deutsche Bank -1,454.06 6,855.47 -17.50% -294.87
HEDJ WisdomTree Europe Hedged Equity Fund WisdomTree -1,214.76 8,619.17 -12.35% -388.41
FXN First Trust Energy AlphaDEX Fund First Trust -1,125.53 216.72 -83.85% -14.17
HYG iShares iBoxx $ High Yield Corporate Bond ETF BlackRock -1,094.52 18,158.85 -5.68% -615.39
EWJ iShares MSCI Japan ETF BlackRock -888.49 15,894.09 -5.29% -551.28

 

Asset Classes (August 2017)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 8,705.94 1,692,087.83 0.51%
International Equity 8,160.68 711,784.88 1.15%
U.S. Fixed Income 7,953.17 498,573.80 1.60%
International Fixed Income 1,048.43 54,778.17 1.91%
Commodities 1,332.60 64,427.30 2.07%
Currency 52.41 1,451.89 3.61%
Leveraged 262.92 28,870.96 0.91%
Inverse 2,143.36 18,107.46 11.84%
Asset Allocation 55.49 7,352.94 0.75%
Alternatives 136.56 4,222.86 3.23%
Total: 29,851.51 3,081,656.25 0.97%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 93,786.09 1,692,087.83 5.54%
International Equity 112,212.51 711,784.88 15.76%
U.S. Fixed Income 79,233.52 498,573.80 15.89%
International Fixed Income 12,238.28 54,778.17 22.34%
Commodities -5.45 64,427.46 0.00%
Currency -37.67 1,451.89 -2.59%
Leveraged 1,965.99 28,870.96 6.81%
Inverse 3,116.16 18,107.46 17.21%
Asset Allocation 261.78 7,352.94 3.56%
Alternatives 1,026.36 4,222.86 24.30%
Total: 303,797.61 3,081,656.25 9.86%

 

August 2017 League Table

Issuer Net Flows ($,M) AUM ($,M) % of AUM YTD 2017 Net Flows($,M)
BlackRock 9,135.45 1,217,460.81 0.75% 140,763.87
Vanguard 9,645.03 766,318.60 1.26% 95,154.61
State Street Global Advisors 1,868.48 550,607.66 0.34% 8,946.87
Invesco PowerShares 1,750.02 128,381.58 1.36% 6,654.53
Charles Schwab 2,796.43 84,044.13 3.33% 18,266.82
First Trust 470.25 50,173.89 0.94% 5,337.31
WisdomTree -666.53 42,938.17 -1.55% 41.84
Guggenheim 68.13 36,327.58 0.19% 2,788.77
VanEck 110.76 31,983.87 0.35% 223.61
ProShares 1,377.53 29,000.95 4.75% 3,309.53
Northern Trust 257.42 14,585.39 1.76% 2,053.50
PIMCO 86.78 14,129.16 0.61% 1,468.66
ALPS 166.17 13,517.72 1.23% 1,797.05
Deutsche Bank -350.96 12,874.76 -2.73% -1,611.21
Direxion 302.80 11,569.05 2.62% 497.21
Fidelity 62.82 7,253.58 0.87% 1,571.37
UBS -41.16 6,948.31 -0.59% 170.29
Barclays Capital 62.91 6,624.32 0.95% 484.71
Global X 311.75 6,026.77 5.17% 1,932.75
Goldman Sachs 387.76 5,725.12 6.77% 2,322.14
JPMorgan 386.41 5,641.13 6.85% 1,063.03
Credit Suisse 536.60 4,678.38 11.47% 1,740.13
US Commodity Funds 171.02 3,781.17 4.52% -141.29
Exchange Traded Concepts 263.79 3,758.12 7.02% 1,265.56
IndexIQ 93.78 2,939.82 3.19% 561.74
ETF Securities -6.59 2,626.86 -0.25% 184.67
OppenheimerFunds -6.19 2,168.72 -0.29% 570.86
Victory Capital Management 65.09 1,753.02 3.71% 749.27
ETF Managers Group -37.46 1,446.44 -2.59% 448.05
Columbia 3.59 1,254.87 0.29% 138.13
KraneShares 175.62 1,145.78 15.33% 689.21
Pacer Financial 57.87 1,130.07 5.12% 307.95
AdvisorShares 13.33 1,106.22 1.21% 41.63
The Principal Financial Group 5.04 1,050.72 0.48% 456.16
Millington Securities Inc -6.17 981.36 -0.63% -80.85
Virtus 29.10 907.46 3.21% 444.62
John Hancock 26.82 858.35 3.12% 138.15
CitiGroup 53.87 811.36 6.64% 502.23
Franklin ETF Trust -46.73 772.81 -6.05% 168.21
Cambria 23.72 595.52 3.98% 215.06
Legg Mason 11.53 550.59 2.09% 387.43
FQF Trust -1.48 546.12 -0.27% 74.76
Highland Capital Management -14.76 545.33 -2.71% 77.67
Northern Lights 11.26 432.09 2.61% 287.87
Swedish Export Credit 13.95 337.24 4.14% -8.87
ARK 33.94 333.73 10.17% 213.68
Hartford 16.31 258.15 6.32% 91.91
Janus Henderson 26.79 255.09 10.50% 117.61
Alpha Architect 7.82 236.44 3.31% 80.57
Horizons 10.70 216.51 4.94% 63.44
Davis 20.83 198.64 10.49% 156.81
Elkhorn 2.76 170.48 1.62% 30.36
Nuveen 6.39 168.92 3.78% 26.77
Teucrium 16.64 149.39 11.14% 5.12
Arrow Investment Advisors -23.31 142.92 -16.31% 31.18
Merk 0.00 133.80 0.00% 5.57
US Global Investors 8.01 120.64 6.64% 58.01
Amplify 4.94 107.02 4.62% 89.05
ClearShares 30.42 83.72 36.33% 80.36
Montage Managers 0.00 78.63 0.00% 26.47
Morgan Stanley 0.00 78.21 0.00% -16.14
Reality Shares 4.26 76.41 5.58% 28.32
Strategy Shares 30.73 65.28 47.08% 45.82
OSI ETF Trust 9.05 65.25 13.86% 59.85
Academy Funds 5.94 56.92 10.43% 11.75
BMO 0.00 46.72 0.00% 0.00
ACSI Funds 7.24 38.06 19.03% 23.55
TrimTabs Asset Management 3.47 34.67 10.02% 27.42
Aptus Capital Advisors 0.01 32.32 0.02% 3.91
AlphaMark Advisors 0.00 26.32 0.00% 0.00
Janus 0.01 24.53 0.04% 10.89
Validea Capital Management 0.00 24.20 0.00% 1.36
OBP Capital LLC 0.00 17.54 0.00% 0.00
Diamond Hill 0.00 17.46 0.00% -1.56
Renaissance Capital 0.00 16.55 0.00% -1.16
Natixis 0.00 15.67 0.00% 0.00
Premise Capital 0.00 12.74 0.00% 6.78
CSOP 0.00 9.16 0.00% -1.42
LocalShares 0.00 7.96 0.02% 0.00
StrongVest 1.27 7.59 16.67% 6.29
GraniteShares 1.23 7.41 16.60% 2.48
USCF Advisers 0.00 4.75 0.00% -0.83
AlphaClone 1.22 3.57 34.13% 0.23
SerenityShares 0.00 2.59 0.00% 0.01
Transamerica 0.00 0.00 0.00% 0.00

Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.

 

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