Record Highs & 'SPY' Pace Weekly ETF Inflows Of $6.5B

July 28, 2017

After pulling money out of the fund for a number of weeks, investors finally put money back into the world's largest ETF. The SPDR S&P 500 ETF (SPY) had inflows of $5.8 billion during the week ending Thursday, July 27, according to the latest data from FactSet.

SPY's inflows played a large part in fueling the week's total ETF inflows of $6.5 billion and pushing year-to-date inflows to $272.5 billion.

It was also the reason U.S. equity ETFs as a whole managed to see net weekly inflows of almost $4 billion. 

Meanwhile, every other major ETF segment also saw net inflows during the period, with the exception of commodities, which lost $900 million. International equity ETFs pulled in $2 billion; U.S. fixed-income ETFs took in nearly $1 billion; and international fixed-income ETFs garnered about $380 million.

During the week, the S&P 500 hit a fresh record high of 2,484, thanks to strong corporate earnings reports. At the same time, the U.S. 10-year Treasury yield climbed from 2.22% to 2.29%, as the Federal Reserve left interest rates unchanged.

'IVV' Still Outpacing 'SPY' In 2017
Though SPY's weekly inflows were sizable, the ETF still has net outflows in the year-to-date period, to the tune of $6.2 billion. That's in contrast to the iShares Core S&P 500 ETF (IVV), which pulled in almost $400 million during the week, and which has year-to-date inflows of $20.6 billion.

Three other noteworthy ETFs on the inflows list include the SPDR S&P Oil & Gas Exploration & Production ETF (XOP), the Financial Select Sector SPDR Fund (XLF) and the VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC), each with inflows of just over $200 million.

On the outflows side, noteworthy losers include the iShares 20+ Year Treasury Bond ETF (TLT), with redemptions of $1 billion; the SPDR Gold Trust (GLD), with redemptions of $830 million; the Energy Select Sector SPDR Fund (XLE), with redemptions of $530 million; and the VanEck Vectors Gold Miners ETF (GDX), with redemptions of $340 million.

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
SPY SPDR S&P 500 ETF Trust 5,814.26 242,833.54 2.45%
IEFA iShares Core MSCI EAFE ETF 733.93 32,925.63 2.28%
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF 567.53 37,606.89 1.53%
IVV iShares Core S&P 500 ETF 398.05 121,990.24 0.33%
IVW iShares S&P 500 Growth ETF 303.48 18,911.77 1.63%
IWB iShares Russell 1000 ETF 288.87 19,170.43 1.53%
IJR iShares Core S&P Small Cap ETF 232.15 31,762.86 0.74%
XOP SPDR S&P Oil & Gas Exploration & Production ETF 230.79 2,324.99 11.02%
XLF Financial Select Sector SPDR Fund 228.87 26,096.96 0.88%
EMLC VanEck Vectors J.P. Morgan EM Local Currency Bond ETF 210.18 3,929.89 5.65%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
QQQ PowerShares QQQ Trust -2,584.95 52,867.93 -4.66%
IWM iShares Russell 2000 ETF -1,649.57 34,993.04 -4.50%
TLT iShares 20+ Year Treasury Bond ETF -1,038.66 7,223.46 -12.57%
GLD SPDR Gold Trust -833.25 32,070.63 -2.53%
XLE Energy Select Sector SPDR Fund -529.35 15,400.57 -3.32%
GDX VanEck Vectors Gold Miners ETF -337.21 7,454.55 -4.33%
VXUS Vanguard Total International Stock ETF -244.89 8,843.98 -2.69%
USMV iShares Edge MSCI Min Vol USA ETF -218.57 13,463.97 -1.60%
IYR iShares U.S. Real Estate ETF -217.35 4,070.05 -5.07%
XLU Utilities Select Sector SPDR Fund -186.14 7,338.21 -2.47%

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 3,966.68 1,706,291.82 0.23%
International Equity 2,038.09 695,513.19 0.29%
U.S. Fixed Income 993.61 487,432.43 0.20%
International Fixed Income 382.27 52,192.62 0.73%
Commodities -902.28 61,457.51 -1.47%
Currency -27.19 1,443.47 -1.88%
Leveraged -60.62 28,989.99 -0.21%
Inverse 25.80 16,127.19 0.16%
Asset Allocation 34.67 7,385.03 0.47%
Alternatives 93.66 3,892.72 2.41%
Total: 6,544.69 3,060,725.97 0.21%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
PBW PowerShares WilderHill Clean Energy Portfolio 136,209 421,084 309.15%
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF 17,857 37,213 208.40%
ROOF IQ US Real Estate Small Cap ETF 20,040 38,217 190.70%
JPGE J.P. Morgan Diversified Return Global Equity ETF 8,228 17,301 210.26%
DGRS WisdomTree US Smallcap Quality Dividend Growth Fund 20,217 41,229 203.93%
HYHG ProShares High Yield-Interest Rate Hedged ETF 19,990 34,481 172.49%
SHE SPDR SSGA Gender Diversity Index ETF 3,678 7,314 198.89%
FNK First Trust Mid Cap Value AlphaDEX Fund 9,604 25,611 266.67%
BKF iShares MSCI BRIC ETF 25,548 40,388 158.09%
DYLS WisdomTree Dynamic Long/Short U.S. Equity Fund 14,607 24,100 164.99%

 

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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