$7.2B Flows Into Int'l Equity ETFs During Week

May 12, 2017

[Editor's Note: An earlier version of this story included an incorrect YTD top performers table. We are working to correct that.]

Investors continued to pile into international equity ETFs this week, helping to offset modest outflows from U.S. equity ETFs. According to the latest data from FactSet, investors added a grand total of $6.2 billion to U.S.-listed ETFs in the week ending Thursday, May 11. Year-to-date flows now stand at $177.6 billion. 

On a segment-by-segment basis, international equity ETFs had the bulk of inflows, at $7.2 billion. That was followed by inflows of $525 million into U.S. fixed-income ETFs, inflows of $207 million into international fixed-income ETfs, and inflows of $40 million into commodity ETFs.

In contrast, U.S. equity ETFs had outflows for a second-straight week to the tune of $2 billion. The S&P 500 tested its all-time high near 2,400 a few times during the period, but ultimately ended the period modestly lower.

Meanwhile, the U.S. 10-year bond yield fluctuated between 2.3% and 2.4% during the week before last trading around 2.33%.

International ETFs Dominate
Out of the ETFs with the top 10 creations this week, eight of them were international equity funds. The only U.S.-focused names on the list were the iShares Core S&P 500 ETF (IVV), with inflows of $313 million; and the Consumer Discretionary Select Sector SPDR Fund (XLY), with inflows of $304 million.

Outside of that, investors were focused on broad international developed-market ETFs, Europe ETFs and emerging market ETFs.

The broad international funds on the list included the iShares MSCI EAFE ETF (EFA), with inflows of $1.3 billion; the iShares Core MSCI EAFE ETF (IEFA), with inflows of $483 million; and the Vanguard FTSE Developed Markets ETF (VEA), with inflows of $409 million.

The Europe funds that were in favor were the iShares MSCI Eurozone ETF (EZU), with creations of $837 million; and the Vanguard FTSE Europe ETF (VGK), with creations of $275 million.

Rounding out the top 10 was a pair of emerging market funds―the iShares Core MSCI Emerging Markets ETF (IEMG) and the Vanguard FTSE Emerging Markets ETF (VWO)―with inflows of $737 and $275 million, respectively.

High-Yield Bond ETF Leads Outflows
In contrast to the inflows list, the outflows list was chock-full of U.S. ETFs. The iShares iBoxx $ High Yield Corporate Bond ETF (HYG) was the biggest loser, with redemptions of $1.4 billion. The rival SPDR Bloomberg Barclays High Yield Bond ETF (JNK) also fell out of favor, with outflows of $295 million.

Most of the other names on the list were broad U.S. equity funds, such as the iShares Russell 2000 ETF (IWM) and the iShares Russell 1000 Value ETF (IWD)and sector funds such as the iShares U.S. Real Estate ETF (IYR) and the Consumer Staples Select Sector SPDR Fund (XLP).

For a full list of this week's top inflows and outflows, see the tables below:
 

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
EFA iShares MSCI EAFE ETF 1,323.70 71,978.98 1.87%
EZU iShares MSCI Eurozone ETF 836.51 11,806.60 7.63%
IEMG iShares Core MSCI Emerging Markets ETF 737.43 30,018.33 2.52%
IEFA iShares Core MSCI EAFE ETF 483.30 25,217.95 1.95%
VEA Vanguard FTSE Developed Markets ETF 408.64 51,948.64 0.79%
SCZ iShares MSCI EAFE Small-Cap ETF 377.75 8,061.74 4.92%
IVV iShares Core S&P 500 ETF 312.67 110,779.61 0.28%
XLY Consumer Discretionary Select Sector SPDR Fund 303.56 12,885.97 2.41%
VWO Vanguard FTSE Emerging Markets ETF 275.00 54,027.91 0.51%
VGK Vanguard FTSE Europe ETF 274.70 13,000.76 2.16%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
HYG iShares iBoxx $ High Yield Corporate Bond ETF -1,373.54 17,292.77 -7.36%
IWM iShares Russell 2000 ETF -941.42 38,200.04 -2.41%
IWD iShares Russell 1000 Value ETF -373.68 37,004.90 -1.00%
SPY SPDR S&P 500 ETF Trust -301.73 231,874.88 -0.13%
JNK SPDR Bloomberg Barclays High Yield Bond ETF -295.02 11,213.14 -2.56%
IYR iShares U.S. Real Estate ETF -245.57 4,701.88 -4.96%
QQQ PowerShares QQQ Trust -235.22 50,540.78 -0.46%
DIA SPDR Dow Jones Industrial Average ETF Trust -230.21 16,107.57 -1.41%
XLP Consumer Staples Select Sector SPDR Fund -198.23 8,835.30 -2.19%
MDY SPDR S&P Midcap 400 ETF Trust -188.86 18,833.18 -0.99%

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -1,972.00 1,634,032.07 -0.12%
International Equity 7,208.90 633,793.72 1.14%
U.S. Fixed Income 525.19 454,317.30 0.12%
International Fixed Income 207.47 47,641.57 0.44%
Commodities 39.57 62,549.12 0.06%
Currency -30.84 2,767.42 -1.11%
Leveraged 91.08 27,141.96 0.34%
Inverse -115.61 17,216.26 -0.67%
Asset Allocation 10.78 6,946.34 0.16%
Alternatives 236.04 3,853.70 6.12%
Total: 6,200.58 2,890,259.45 0.21%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
FNY First Trust Mid Cap Growth AlphaDEX Fund 23,224 89,246 384.29%
BSCH Guggenheim BulletShares 2017 Corporate Bond ETF 151,077 345,508 228.70%
DBEZ Deutsche X-trackers MSCI Eurozone Hedged Equity ETF 30,574 67,692 221.40%
JKK iShares Morningstar Small-Cap Growth ETF 2,636 5,697 216.10%
ADRD BLDRS Developed Markets 100 ADR Index Fund 3,966 9,428 237.71%
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 109,430 213,353 194.97%
FVC First Trust Dorsey Wright Dynamic Focus 5 ETF 66,332 142,343 214.59%
BSCK Guggenheim BulletShares 2020 Corporate Bond ETF 207,339 383,491 184.96%
JJC iPath Bloomberg Copper Subindex Total Return ETN 46,818 76,217 162.79%
FNDF Schwab Fundamental International Large Co. Index ETF 412,148 821,268 199.27%

Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
ASHS Deutsche X-trackers Harvest CSI 500 China-A Shares Small Cap ETF 4.88% 44,533 20.05
CNCR Loncar Cancer Immunotherapy ETF 4.86% 58,651 31.99
TBLU Tortoise Water Fund 4.33% 9,230 2.54
USV ETRACS UBS Bloomberg CMCI Silver Total Return ETN 3.89% 1,049 3.76
SLIM The Obesity ETF 3.67% 2,341 2.56
CSLS Credit Suisse X-Links Long/Short Equity ETN 3.62% 8,525 13.63
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF 3.55% 31,425 22.65
BAL iPath Bloomberg Cotton Subindex Total Return ETN 3.48% 34,545 13.35
BBH VanEck Vectors Biotech ETF 3.15% 90,916 665.50
CUPM iPath Pure Beta Copper ETN 3.06% 1,551 0.63

Bottom 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
PSCE PowerShares S&P SmallCap Energy Portfolio -6.79% 125,506 45.62
XES SPDR S&P Oil & Gas Equipment & Services ETF -6.59% 2,779,808 292.99
GAZ iPath Bloomberg Natural Gas Subindex Total Return ETN -6.03% 142,785 4.44
BRAQ Global X Brazil Consumer ETF -6.00% 9,560 6.31
XOP SPDR S&P Oil & Gas Exploration & Production ETF -5.98% 64,018,904 2,193.36
NIB iPath Bloomberg Cocoa Subindex Total Return ETN -5.78% 626,699 59.06
OIL iPath S&P GSCI Crude Oil Total Return ETN -5.68% 12,058,166 673.09
CHOC iPath Pure Beta Cocoa ETN -5.62% 15,838 5.07
FXN First Trust Energy AlphaDEX Fund -5.59% 3,395,993 345.99
PXI PowerShares DWA Energy Momentum Portfolio -5.59% 122,291 110.24

 

Bottom 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
XIVH VelocityShares VIX Short Volatility Hedged ETN -30.72% -0.78% 53.68
SCIN Columbia India Small Cap ETF -28.72% -2.48% 27.92
SCIF VanEck Vectors India Small-Cap Index ETF -28.41% -2.13% 302.98
SMIN iShares MSCI India Small Cap ETF -26.92% -1.34% 177.69
EMQQ Emerging Markets Internet & Ecommerce ETF -26.41% -3.02% 62.71
KWEB KraneShares CSI China Internet ETF -25.64% -4.67% 384.20
PLND VanEck Vectors Poland ETF -23.45% 1.60% 17.69
INXX Columbia India Infrastructure ETF -23.25% -2.07% 51.94
EPOL iShares MSCI Poland Capped ETF -23.17% 1.26% 284.42
PGJ PowerShares Golden Dragon China Portfolio -23.15% -4.39% 161.59

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