US Equity ETFs Push May Inflows To $32B

June 01, 2018

After being shunned for much of the year, U.S. equity ETFs finally found favor with investors in May as an impressive $27.6 billion rolled into the segment during the month. A rebound in the U.S. stock market certainly helped—the S&P 500 edged up by 2.2% during May, while the small-cap Russell 2000 surged nearly 6% to an all-time high.

The strong inflows for U.S. equity ETFs contrasted with recent months when investors preferred international equity ETFs over their U.S. counterparts. That was reversed in May, as investors pulled $2.3 billion out of international equity ETFs.

On the other hand, U.S. fixed-income ETFs continued to garner steady inflows to the tune of $6.5 billion in May. Interest rates whipsawed wildly during the month, with the U.S. 10-year Treasury yield hitting a seven-year high of 3.13% on May 18 before plunging to as low as 2.76% on May 30 amid Italian debt concerns.

Tallying all segments, May inflows for all U.S.-listed ETFs totaled $31.8 billion. That pushes year-to-date inflows to $121.9 billion. Of that, $32.4 billion has gone into U.S. equity ETFs; $42.8 billion has gone into international equity ETFs; and $31.5 billion has gone into U.S. fixed-income ETFs.

‘IVV’ & ‘MTUM’ See Interest

Taking the top spot for inflows in May is the iShares Core S&P 50 ETF (IVV). It picked up a cool $5.4 billion in fresh money, putting its year-to-date haul at $8.2 billion.

Two small-cap ETFs also found themselves on the top 10 inflows list for May—unsurprising considering the record highs reached in the Russell 2000. The iShares Russell 2000 ETF (IWM) had inflows of $2 billion, while the iShares Core S&P Small Cap ETF (IJR) had inflows of $1.2 billion.

As a percentage of assets, the biggest winners were the iShares Edge MSCI U.S.A. Momentum Factor ETF (MTUM), the iShares 1-3 Year Treasury Bond ETF (SHY) and the iShares Edge MSCI Min Vol U.S.A. ETF (USMV).

Meanwhile, on the outflows side, the iShares MSCI Emerging Markets ETF (EEM) registered the largest redemptions during the month of May, at $2.7 billion. It was followed by the iShares 20+ Year Treasury Bond ETF (TLT), with redemptions of $1.4 billion; and the iShares MSCI Eurozone ETF (EZU), with redemptions of $1.3 billion.

For a full list of the top inflows and outflows of May and 2018 as a whole, see the tables below:

Contact Sumit Roy at [email protected]

 

Top Gainers (May 2018)

Ticker Name Issuer Net Flows ($,mm) AUM ($M) % of AUM YTD 2018 Net Flows($,M)
IVV iShares Core S&P 500 ETF BlackRock 5,446.01 152,633.43 3.70% 8,164.83
QQQ PowerShares QQQ Trust Invesco PowerShares 2,769.69 66,270.76 4.36% 3,103.49
IWM iShares Russell 2000 ETF BlackRock 2,033.01 47,086.28 4.51% 793.59
SPY SPDR S&P 500 ETF Trust State Street Global Advisors 1,826.21 264,195.21 0.70% -17,253.51
MTUM iShares Edge MSCI U.S.A. Momentum Factor ETF BlackRock 1,732.47 9,775.19 21.54% 3,859.42
SHY iShares 1-3 Year Treasury Bond ETF BlackRock 1,488.89 13,955.63 11.94% 2,681.00
IJR iShares Core S&P Small Cap ETF BlackRock 1,214.53 41,736.81 3.00% 2,123.50
USMV iShares Edge MSCI Min Vol U.S.A. ETF BlackRock 1,145.17 15,526.51 7.96% 405.78
VEA Vanguard FTSE Developed Markets ETF Vanguard 970.91 72,020.35 1.37% 4,534.90
VOO Vanguard S&P 500 ETF Vanguard 947.62 90,951.77 1.05% 5,483.68

 

Top Gainers (Year-to-Date)

Ticker Name Issuer Net Flows ($,mm) AUM ($M) % of AUM May 2018 Net Flows($,M)
IEFA iShares Core MSCI EAFE ETF BlackRock 17,139.73 58,207.66 41.74% 754.14
IVV iShares Core S&P 500 ETF BlackRock 8,164.83 152,633.43 5.65% 5,446.01
IEMG iShares Core MSCI Emerging Markets ETF BlackRock 7,968.17 48,890.44 19.47% 0.00
SHV iShares Short Treasury Bond ETF BlackRock 6,131.44 14,140.66 76.55% 287.02
VOO Vanguard S&P 500 ETF Vanguard 5,483.68 90,951.77 6.42% 947.62
VEA Vanguard FTSE Developed Markets ETF Vanguard 4,534.90 72,020.35 6.72% 970.91
AGG iShares Core U.S. Aggregate Bond ETF BlackRock 3,915.00 55,567.30 7.58% -475.45
MTUM iShares Edge MSCI U.S.A. Momentum Factor ETF BlackRock 3,859.42 9,775.19 65.24% 1,732.47
QQQ PowerShares QQQ Trust Invesco PowerShares 3,103.49 66,270.76 4.91% 2,769.69
FLOT iShares Floating Rate Bond ETF BlackRock 3,059.00 9,678.73 46.21% 565.49

 

Biggest Losers (May 2018)

Ticker Name Issuer Net Flows ($,mm) AUM ($M) % of AUM YTD 2018 Net Flows($,M)
EEM iShares MSCI Emerging Markets ETF BlackRock -2,724.39 37,706.06 -6.74% -124.16
TLT iShares 20+ Year Treasury Bond ETF BlackRock -1,353.03 6,593.50 -17.03% -236.58
EZU iShares MSCI Eurozone ETF BlackRock -1,301.58 12,108.77 -9.71% -2,979.29
SDY SPDR S&P Dividend ETF State Street Global Advisors -1,046.19 15,463.13 -6.34% -651.50
EWJ iShares MSCI Japan ETF BlackRock -1,011.94 19,988.88 -4.82% 1,074.26
GLD SPDR Gold Trust State Street Global Advisors -1,004.00 35,410.01 -2.76% 481.10
EFV iShares MSCI EAFE Value ETF BlackRock -717.16 5,760.62 -11.07% -448.19
IEF iShares 7-10 Year Treasury Bond ETF BlackRock -675.16 8,190.06 -7.62% 654.61
AGG iShares Core U.S. Aggregate Bond ETF BlackRock -475.45 55,567.30 -0.85% 3,915.00
TQQQ ProShares UltraPro QQQ ProShares -420.00 3,462.98 -10.82% 547.18

 

Biggest Losers (Year-to-Date)

Ticker Name Issuer Net Flows ($,mm) AUM ($M) % of AUM May 2018 Net Flows($,M)
SPY SPDR S&P 500 ETF Trust State Street Global Advisors -17,253.51 264,195.21 -6.13% 1,826.21
EFA iShares MSCI EAFE ETF BlackRock -7,245.59 76,489.20 -8.65% 0.00
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF BlackRock -4,735.92 32,577.11 -12.69% 53.00
IWD iShares Russell 1000 Value ETF BlackRock -4,283.81 36,333.78 -10.55% -104.57
EZU iShares MSCI Eurozone ETF BlackRock -2,979.29 12,108.77 -19.75% -1,301.58
DXJ WisdomTree Japan Hedged Equity Fund WisdomTree -2,636.08 6,343.04 -29.36% -94.10
VNQ Vanguard Real Estate ETF Vanguard -2,631.69 30,394.94 -7.97% -244.69
JNK SPDR Bloomberg Barclays High Yield Bond ETF State Street Global Advisors -2,622.89 9,721.16 -21.25% 411.11
HYG iShares iBoxx USD High Yield Corporate Bond ETF BlackRock -1,817.49 15,531.06 -10.48% 803.49
HEDJ WisdomTree Europe Hedged Equity Fund WisdomTree -1,537.12 6,193.97 -19.88% -246.76

 

Asset Classes (May 2018)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 27,584.43 2,004,444.10 1.38%
International Equity -2,314.55 828,062.41 -0.28%
U.S. Fixed Income 6,487.30 544,460.80 1.19%
International Fixed Income 329.39 63,361.31 0.52%
Commodities  -378.58 69,919.20 -0.54%
Currency -111.68 1,255.00 -8.90%
Leveraged -773.08 36,259.72 -2.13%
Inverse 470.54 13,411.17 3.51%
Asset Allocation 138.57 9,334.32 1.48%
Alternatives 334.90 4,469.91 7.49%
Total: 31,767.25 3,574,977.94 0.89%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 32,429.71 2,004,444.10 1.62%
International Equity 42,839.24 828,062.41 5.17%
U.S. Fixed Income 31,467.31 544,460.80 5.78%
International Fixed Income 6,796.53 63,361.31 10.73%
Commodities  4,095.40 69,919.20 5.86%
Currency 47.41 1,255.00 3.78%
Leveraged 1,008.76 36,259.72 2.78%
Inverse 2,717.66 13,411.17 20.26%
Asset Allocation 552.73 9,334.32 5.92%
Alternatives -21.34 4,469.91 -0.48%
Total: 121,933.40 3,574,977.94 3.41%

 

May 2018 League Table

Issuer Net Flows ($,M) AUM ($,M) % of AUM YTD 2018 Net Flows($,M)
BlackRock 12,528.57 1,407,286.05 0.89% 52,568.70
Vanguard 7,341.00 889,892.20 0.82% 31,263.28
State Street Global Advisors 1,693.38 622,246.24 0.27% -6,954.63
Invesco PowerShares 3,462.32 187,700.20 1.84% 5,090.44
Charles Schwab 3,279.69 112,050.66 2.93% 12,452.85
First Trust 1,367.16 66,124.46 2.07% 6,587.08
WisdomTree -481.30 43,136.69 -1.12% -2,803.77
VanEck -629.99 34,948.79 -1.80% 1,338.26
ProShares -56.97 30,403.43 -0.19% 3,029.96
Northern Trust 74.18 16,918.57 0.44% 797.51
PIMCO 290.60 16,366.51 1.78% 1,665.72
ALPS 197.81 14,217.51 1.39% 141.27
Direxion -265.47 13,512.09 -1.96% 835.82
Deutsche Bank 100.36 12,435.16 0.81% -878.53
Fidelity 320.07 11,006.41 2.91% 1,898.24
Global X 59.21 10,185.65 0.58% 2,121.72
Goldman Sachs 513.83 7,869.35 6.53% 1,414.62
JPMorgan 385.85 7,675.45 5.03% 1,498.32
UBS -73.96 6,846.15 -1.08% -205.63
Barclays Bank PLC 364.51 5,966.93 6.11% 132.02
Exchange Traded Concepts -18.13 5,460.38 -0.33% 646.67
IndexIQ 13.61 4,267.15 0.32% 751.13
Credit Suisse 25.92 4,132.70 0.63% -296.40
The Principal Financial Group -172.38 3,457.23 -4.99% 1,282.04
US Commodity Funds -54.96 3,194.17 -1.72% -678.08
Victory Capital Management 91.25 2,812.88 3.24% 538.42
ETF Managers Group 118.98 2,747.24 4.33% 794.00
ETF Securities -92.66 2,687.51 -3.45% 74.56
OppenheimerFunds 18.04 2,603.72 0.69% 82.18
Pacer Financial 215.90 2,355.18 9.17% 743.59
KraneShares 228.15 2,305.56 9.90% 741.91
ARK 130.69 1,806.87 7.23% 817.25
Franklin Templeton Investments 203.55 1,396.55 14.58% 407.92
John Hancock 53.47 1,276.29 4.19% 168.94
AdvisorShares 6.90 1,098.65 0.63% 45.21
Columbia -92.22 1,088.76 -8.47% -146.39
USAA Asset Management 100.82 1,079.67 9.34% 733.36
Virtus 13.34 1,049.38 1.27% 82.17
Northern Lights 52.83 967.42 5.46% 172.14
Millington Securities Inc -27.47 946.22 -2.90% -31.30
Hartford 217.21 879.26 24.70% 520.98
Transamerica -5.60 811.24 -0.69% -44.96
Legg Mason -11.74 801.18 -1.46% 158.68
CitiGroup 11.15 749.67 1.49% 132.82
Cambria -13.10 741.34 -1.77% 53.28
Innovator Capital Management 19.94 676.03 2.95% 143.93
Highland Capital Management 5.78 591.64 0.98% 27.39
Amplify 40.54 567.94 7.14% 355.79
Nuveen 80.39 548.16 14.67% 133.49
Janus Henderson 32.49 519.68 6.25% 236.29
FQF Trust -14.69 519.13 -2.83% -105.07
Davis 26.05 506.93 5.14% 142.61
Alpha Architect 18.14 482.70 3.76% 146.31
Nationwide Fund Advisors -6.71 373.69 -1.79% 17.67
Horizons 29.34 338.36 8.67% 80.84
Reality Shares 0.35 254.89 0.14% 161.09
Arrow Investment Advisors -1.20 179.38 -0.67% 12.12
BMO 0.00 157.21 0.00% 9.74
OSI ETF Trust 8.09 146.50 5.52% 41.80
Merk 0.00 144.48 0.00% 7.42
Aptus Capital Advisors 9.88 134.28 7.36% 70.14
Montage Managers -3.10 130.07 -2.39% 8.53
ClearShares 0.00 113.09 0.00% 0.00
US Global Investors 0.65 111.29 0.59% 3.77
The RBB Fund 1.49 107.07 1.39% 103.38
Strategy Shares 2.57 105.46 2.44% 22.25
TrimTabs Asset Management 9.49 92.70 10.24% 40.82
EntrepreneurShares, LLC 0.00 70.80 0.00% 9.09
GraniteShares 2.69 65.71 4.09% 32.66
Exponential ETFs 5.43 59.87 9.07% 8.51
OBP Capital LLC 0.00 54.96 0.00% 5.10
Natixis 0.00 42.40 0.00% 4.72
Point Bridge Capital 0.00 39.49 0.00% 5.77
Morgan Stanley 0.00 31.11 0.00% 0.00
PGIM Investments 2.50 30.07 8.33% 5.00
AlphaMark Advisors 0.00 27.55 0.00% 0.00
Premise Capital 1.50 26.93 5.58% 7.53
Validea Capital Management 0.00 26.87 0.00% 0.02
Renaissance Capital 0.00 21.43 0.00% 0.00
Diamond Hill 0.00 21.03 0.00% 1.52
American Century 0.00 19.14 0.00% 18.60
Metaurus Advisors 0.00 16.90 0.01% 11.44
USCF Advisers 2.25 14.50 15.51% 2.25
Active Weighting Advisors 4.33 12.95 33.40% -2.05
CSOP 0.87 12.00 7.29% 2.79
Sage Advisory Services 0.00 9.72 0.00% 0.00
Advisors Asset Management 0.00 9.13 0.00% 3.90
StrongVest 0.00 8.64 0.00% 0.00
TriLine Index Solutions 0.00 6.72 0.00% 6.25
Cboe Vest Financial 0.00 6.11 0.00% 5.99
Little Harbor Advisors 0.00 5.65 0.00% 5.64
SL Advisors 1.26 5.14 24.60% 1.26
AlphaClone 0.02 5.11 0.42% 0.05
Regents Park Funds 0.00 4.81 0.00% 2.49
SerenityShares 0.00 4.22 0.00% 0.00
Change Finance 0.00 3.83 0.00% 0.96
Whitford Asset Management 0.00 3.20 0.00% 0.63
Salt Financial 2.50 2.50 99.88% 2.50
Swedish Export Credit 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.

 

Find your next ETF

CLEAR FILTER