Weekly Inflows Slow To A Trickle

June 23, 2017

After a few weeks of monster inflows, the pace of new money coming into U.S.-listed exchange-traded funds slowed to a trickle.  According to FactSet, investors added only $1.4 billion in total to ETFs during the week ending Thursday, June 22. 

A decent-sized outflow from U.S. equity ETFs was offset by a slightly larger inflow into international equity ETFs. At the same time, U.S. fixed-income ETFs, international fixed-income ETFs and commodity ETFs each saw small inflows.

Utilities And Health Care In Favor
About half the funds on the top 10 creations list were international equity ETFs. The iShares MSCI EAFE ETF (EFA) led the pack, with inflows of $1.1 billion; followed by the iShares Japan ETF (EWJ), with inflows of $809 million. 

However, there were some notable U.S. equity ETFs that also garnered favor. The Utilities Select Sector SPDR Fund (XLU) had inflows of $593 million. There was some talk during the week about how some investors may be rotating out of the high-flying technology sector and into defensive sectors like utilities.

Meanwhile, the iShares Nasdaq Biotechnology ETF (IBB) was also popular this week, with inflows of $512 million. The ETF hit the highest level in 1 1/2 years as investors speculated that Trump's health care policies may be more favorable to the group than expected. 

Another sector ETF on the top 10 was the Energy Select Sector SPDR Fund (XLE), which took in $294 million even as oil prices fell to a 10-month low below $43 during the week. 

The Vanguard Intermediate-Term Corporate Bond ETF (VCIT) was the only fixed-income name on the list, with inflows of $369 million.

Investors Dump Junk Bonds
The outflows list for the week was chock-full of U.S. broad market equity ETFs, such as the iShares Core S&P 500 ETF (IVV), with redemptions of $2.5 billion, and the Vanguard Mid-Cap ETF (VO), with redemptions of $1.3 billion.

One of the smaller funds to make the list was the First Trust Morningstar Dividend Leaders Index Fund (FDL), with redemptions of $431 million.

Two junk bond ETFs also saw hefty outflows, as the decline in oil prices fueled default worries. The iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and the SPDR Bloomberg Barclays High Yield Bond ETF (JNK) had outflows of $747 million and $426 million, respectively.

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 1,131.60 76,315.33 1.51%
EWJ iShares MSCI Japan ETF 809.21 17,163.99 4.95%
IWM iShares Russell 2000 ETF 635.48 38,734.84 1.67%
XLU Utilities Select Sector SPDR Fund 593.17 8,086.10 7.92%
IBB iShares NASDAQ Biotechnology ETF 511.77 9,244.36 5.86%
IEFA iShares Core MSCI EAFE ETF 450.33 27,081.88 1.69%
VEA Vanguard FTSE Developed Markets ETF 376.75 54,285.59 0.70%
VCIT Vanguard Intermediate-Term Corporate Bond ETF 368.54 14,969.26 2.52%
EZU iShares MSCI Eurozone ETF 304.61 13,218.54 2.36%
XLE Energy Select Sector SPDR Fund 293.76 15,747.07 1.90%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
IVV iShares Core S&P 500 ETF -2,534.99 116,151.22 -2.14%
VO Vanguard Mid-Cap ETF -1,347.14 19,725.45 -6.39%
VTI Vanguard Total Stock Market ETF -1,201.81 80,019.68 -1.48%
VUG Vanguard Growth ETF -1,085.31 27,709.16 -3.77%
HYG iShares iBoxx $ High Yield Corporate Bond ETF -746.93 17,715.11 -4.05%
SPY SPDR S&P 500 ETF Trust -644.11 240,861.81 -0.27%
FDL First Trust Morningstar Dividend Leaders Index Fund -431.41 1,746.89 -19.81%
JNK SPDR Bloomberg Barclays High Yield Bond ETF -425.85 11,186.68 -3.67%
VXF Vanguard Extended Market ETF -327.41 4,911.32 -6.25%
VBR Vanguard Small-Cap Value ETF -285.89 11,042.81 -2.52%

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -5,255.79 1,672,001.70 -0.31%
International Equity 5,637.25 661,113.70 0.85%
U.S. Fixed Income 379.45 474,607.47 0.08%
International Fixed Income 151.61 51,951.64 0.29%
Commodities 191.67 62,748.33 0.31%
Currency 109.29 1,431.97 7.63%
Leveraged 445.81 27,900.20 1.60%
Inverse -340.59 16,384.29 -2.08%
Asset Allocation 32.74 7,142.24 0.46%
Alternatives 65.27 3,867.35 1.69%
Total: 1,416.70 2,979,148.89 0.05%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
PBS PowerShares Dynamic Media Portfolio 56,054 292,835 522.42%
FRAK VanEck Vectors Unconventional Oil & Gas ETF 39,219 185,530 473.06%
VGLT Vanguard Long-Term Government Bond ETF 78,927 326,877 414.15%
VAW Vanguard Materials ETF 129,592 527,488 407.04%
VIOO Vanguard S&P Small-Cap 600 ETF 38,540 114,773 297.80%
FVL First Trust Value Line 100 ETF 5,842 15,299 261.87%
FIXD First Trust TCW Opportunistic Fixed Income ETF 5,491 9,078 165.31%
QXGG QuantX Risk Managed Growth ETF 1,625 3,143 193.42%
VGSH Vanguard Short-Term Government Bond ETF 133,581 279,354 209.13%
INXX Columbia India Infrastructure ETF 41,461 75,991 183.28%

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
NIB iPath Bloomberg Cocoa Subindex Total Return ETN 13.22% 413,149 46.70
DCNG iPath Seasonal Natural Gas ETN 13.22% 7,400 0.63
CHOC iPath Pure Beta Cocoa ETN 11.85% 15,956 4.60
MLPJ Global X Junior MLP ETF 8.33% 23,345 7.11
PSCE PowerShares S&P SmallCap Energy Portfolio 6.77% 134,434 31.54
OLO DB Crude Oil Long ETN 6.48% 14,952 6.59
XES SPDR S&P Oil & Gas Equipment & Services ETF 6.46% 4,180,974 244.57
GAZ iPath Bloomberg Natural Gas Subindex Total Return ETN 6.15% 158,242 2.56
JO iPath Bloomberg Coffee Subindex Total Return ETN 5.90% 981,573 132.36
GXG Global X MSCI Colombia ETF 5.72% 667,030 90.12

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
BBP BioShares Biotechnology Products Fund -9.38% 56,856 40.74
XBI SPDR S&P BIOTECH ETF -9.28% 23,171,313 3,590.94
BBC BioShares Biotechnology Clinical Trials Fund -8.67% 107,930 24.13
SBIO ALPS Medical Breakthroughs ETF -8.11% 192,255 114.63
PTH PowerShares DWA Healthcare Momentum Portfolio -7.94% 51,519 67.12
CNCR Loncar Cancer Immunotherapy ETF -7.14% 140,347 36.61
IBB iShares NASDAQ Biotechnology ETF -7.05% 10,794,422 9,244.36
FBT First Trust NYSE Arca Biotechnology Index Fund -6.93% 191,801 1,039.01
ARKG ARK Genomic Revolution Multi-Sector ETF -6.41% 96,777 19.25
ORG The Organics ETF -6.31% 20,207 5.76

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
VMAX REX VolMAXX Long VIX Weekly Futures Strategy ETF 124.54% 2.33% 2.71
GAZ iPath Bloomberg Natural Gas Subindex Total Return ETN 101.71% 4.24% 2.56
VIXY ProShares VIX Short-Term Futures ETF 85.35% 1.31% 154.98
VXX iPath S&P 500 VIX Short-Term Futures ETN 85.30% 1.56% 1,056.73
VIIX VelocityShares Daily Long VIX Short-Term ETN 85.01% 1.39% 12.65
PSCE PowerShares S&P SmallCap Energy Portfolio 73.71% 7.74% 31.54
SGG iPath Bloomberg Sugar Subindex Total Return ETN 64.78% 3.36% 38.13
XES SPDR S&P Oil & Gas Equipment & Services ETF 55.94% 8.04% 244.57
VIXM ProShares VIX Mid-Term Futures ETF 47.01% 2.12% 30.40
VXZ iPath S&P 500 VIX Mid-Term Futures ETN 46.84% 2.26% 30.31

Bottom 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
XIVH VelocityShares VIX Short Volatility Hedged ETN -32.63% -0.91% 55.17
ARKK ARK Innovation ETF -31.35% -4.17% 54.94
ARKW ARK Web x.0 ETF -29.73% -2.93% 54.18
EMQQ Emerging Markets Internet & Ecommerce ETF -28.59% -2.87% 149.00
GAMR PureFunds Video Game Tech ETF -28.58% -1.76% 29.35
KWEB KraneShares CSI China Internet ETF -28.21% -3.59% 546.35
CXSE WisdomTree China ex-State-Owned Enterprises Fund -28.05% -3.05% 9.91
SCIN Columbia India Small Cap ETF -27.50% -1.01% 29.55
SCIF VanEck Vectors India Small-Cap Index ETF -26.97% 0.31% 339.45
SMIN iShares MSCI India Small Cap ETF -26.26% -0.02% 197.68

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