ETFs See $11B In Inflows In One Week

June 09, 2017

Investors poured $11.3 billion into U.S.-listed ETFs in the past week, giving the month of June a healthy start in terms of asset growth.

The net creations brought year-to-date ETF inflows to $213.6 billion already—well ahead of last year’s pace.

Investor appetite for international equity and U.S. fixed-income ETFs goes on unabated. The two asset classes attracted more than $7.7 billion in combined inflows. 

Among the most popular ETFs this week were some of the “classics” in U.S. fixed-income offerings: the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD), the iShares 20+ Year Treasury Bond ETF (TLT) and iShares Core U.S. Aggregate Bond ETF (AGG).

Investors watched former FBI director James Comey testify before the Senate Thursday where he said, among other things, he believed Russia to have interfered with the 2016 presidential election.

Still, 10-year treasury yields are ending the week slightly higher than they were a week ago, at around 2.21%, as investors brace for what could be a Federal Reserve interest rate hike next week.  

Big Beneficiary

On the international equity front, the Vanguard FTSE Europe ETF (VGK) was a big beneficiary, with inflows of $733 million this past week. A lot of attention has been paid to Europe this week as the U.K. delivered a surprising outcome to an election that has put into question the future of Brexit. The European Central Bank also made headlines with its decision to leave rates unchanged for now, a move that pressured the euro.

International fixed-income ETFs also had a notable week, seeing one of the biggest percentage gains, Flows of more than $1 billion into the iShares JP Morgan USD Emerging Markets Bond ETF (EMB) brought the asset class’ AUM total up almost 3% in the week.

EMB tracks an index of dollar-denominated emerging market sovereign debt in a portfolio led by Mexico, Indonesia and Russia. The fund has $12.7 billion in total assets. 

 

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
IVV iShares Core S&P 500 ETF 2,391.18 115,962.49 2.11%
XLP Consumer Staples Select Sector SPDR Fund 1,241.81 10,153.33 13.93%
EMB iShares JP Morgan USD Emerging Markets Bond ETF 1,003.06 12,760.35 8.53%
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF 888.15 35,041.54 2.60%
VGK Vanguard FTSE Europe ETF 733.24 15,383.61 5.00%
IWM iShares Russell 2000 ETF 573.88 36,138.37 1.61%
TLT iShares 20+ Year Treasury Bond ETF 549.18 7,531.09 7.87%
VOO Vanguard S&P 500 ETF 532.24 69,893.29 0.77%
VEU Vanguard FTSE All-World ex-US ETF 409.59 18,851.06 2.22%
AGG iShares Core U.S. Aggregate Bond ETF 394.46 45,725.59 0.87%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 ETF Trust -3,823.46 235,738.93 -1.60%
XLI Industrial Select Sector SPDR Fund -682.64 10,595.03 -6.05%
XLK Technology Select Sector SPDR Fund -300.80 17,366.25 -1.70%
GDX VanEck Vectors Gold Miners ETF -263.80 9,310.24 -2.76%
VXF Vanguard Extended Market ETF -244.09 4,860.54 -4.78%
VNQ Vanguard REIT ETF -239.99 33,956.99 -0.70%
GDXJ VanEck Vectors Junior Gold Miners ETF -220.59 3,767.25 -5.53%
DXJ WisdomTree Japan Hedged Equity Fund -173.84 8,411.79 -2.02%
SCHA Schwab U.S. Small-Cap ETF -148.77 5,349.29 -2.71%
IWD iShares Russell 1000 Value ETF -126.61 37,007.03 -0.34%

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 1,422.02 1,656,982.91 0.08%
International Equity 3,872.20 663,915.76 0.58%
U.S. Fixed Income 3,976.12 470,282.23 0.84%
International Fixed Income 1,496.41 51,464.48 2.91%
Commodities 368.17 64,556.98 0.57%
Currency 43.54 1,345.78 3.20%
Leveraged 14.05 28,236.94 0.12%
Inverse 98.34 16,831.67 0.57%
Asset Allocation 12.65 7,095.62 0.18%
Alternatives -13.48 3,807.28 -0.35%
Total: 11,305.95 2,964,519.66 0.38%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
WBIF WBI Tactical LCV Shares 30,253 183,074 605.14%
WBID WBI Tactical SMS Shares 30,788 184,707 599.93%
WBIL WBI Tactical LCS Shares 30,862 185,258 600.27%
WBIH WBI Tactical High Income Shares 101,119 599,586 592.95%
WBII WBI Tactical Income Shares 108,280 632,153 583.81%
WBIB WBI Tactical SMV Shares 26,807 157,933 589.15%
WBIC WBI Tactical SMY Shares 34,651 200,228 577.84%
WBIA WBI Tactical SMG Shares 21,425 118,004 550.77%
WBIE WBI Tactical LCG Shares 18,877 100,778 533.88%
WBIG WBI Tactical LCY Shares 25,670 132,659 516.79%

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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