Gold/Treasury ETFs Up YTD Inflows To $312B

September 08, 2017

A rally in government bonds encouraged investors to plow billions of dollars into ETFs this week. According to the latest data from FactSet, inflows into U.S.-listed exchange-traded funds totaled $8.9 billion in the week ending Thursday, Sept. 7.

Year-to-date inflows now stand at a record $312 billion.

The majority of this week's inflows―$2.6 billion―went into U.S. fixed-income ETFs. During the period, bonds surged, with the U.S. 10-year Treasury yield dropping as low as 2.01%, down from 2.17% last week (bond prices and yields move inversely).

At the same time, just slightly less money―$2.5 billion―headed for U.S. equity ETFs. The S&P 500 moved slightly lower week-over-week, as investors fretted about North Korea, Hurricane Irma and the political wrangling in Washington. 

Also taking in new money were international equity ETFs, with inflows of $1.7 billion; international fixed-income ETFs, with inflows of $414 million; and commodity ETFs, with inflows of $821 million.

'TLT' & 'GLD' Big Winners
The biggest ETF beneficiary of this week's inflows into fixed income was the iShares 20+ Year Treasury Bond ETF (TLT), which had creations of $919 million. 

Other fixed-income products to see interest were the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and the iShares 3-7 Year Treasury Bond ETF (IEI), with inflows of $448 million and $262 million, respectively.

Another notable fund on the top 10 list was the SPDR Gold Trust (GLD). It had inflows of $873 million during the week as gold prices reached their highest levels in a year above $1,360/oz.

Meanwhile, on the outflows side, notable losers included the iPath S&P 500 VIX Short-Term Futures ETN (VXX), the iShares Currency Hedged MSCI EAFE ETF (HEFA) and the Deutsche X-trackers MSCI Japan Hedged Equity ETF (DBJP).

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
IWM iShares Russell 2000 ETF 1,088.09 37,079.61 3.02%
TLT iShares 20+ Year Treasury Bond ETF 918.99 7,640.44 13.67%
XLP Consumer Staples Select Sector SPDR Fund 892.36 8,709.11 11.42%
IVV iShares Core S&P 500 ETF 880.75 124,594.16 0.71%
GLD SPDR Gold Trust 872.89 35,932.47 2.49%
VWO Vanguard FTSE Emerging Markets ETF 566.44 62,484.67 0.91%
HYG iShares iBoxx $ High Yield Corporate Bond ETF 448.35 18,480.42 2.49%
VTI Vanguard Total Stock Market ETF 368.39 81,672.70 0.45%
XLE Energy Select Sector SPDR Fund 271.52 15,090.75 1.83%
IEI iShares 3-7 Year Treasury Bond ETF 261.60 7,498.48 3.61%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 ETF Trust -1,373.65 242,329.79 -0.56%
XLI Industrial Select Sector SPDR Fund -719.71 11,128.80 -6.07%
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF -328.40 38,301.37 -0.85%
XLF Financial Select Sector SPDR Fund -269.45 24,384.65 -1.09%
SCHD Schwab US Dividend Equity ETF -212.37 5,804.53 -3.53%
VXX iPath S&P 500 VIX Short-Term Futures ETN -188.24 1,264.39 -12.96%
VXF Vanguard Extended Market ETF -165.80 5,048.61 -3.18%
XLY Consumer Discretionary Select Sector SPDR Fund -143.62 11,613.43 -1.22%
HEFA iShares Currency Hedged MSCI EAFE ETF -137.79 4,113.06 -3.24%
DBJP Deutsche X-trackers MSCI Japan Hedged Equity ETF -126.32 1,731.57 -6.80%

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 2,528.87 1,695,117.66 0.15%
International Equity 1,685.51 716,729.89 0.24%
U.S. Fixed Income 2,618.90 500,223.73 0.52%
International Fixed Income 414.39 54,546.46 0.76%
Commodities 821.20 66,899.92 0.00%
Currency -5.40 1,458.91 -0.37%
Leveraged -221.40 29,341.82 -0.75%
Inverse 390.25 18,296.82 2.13%
Asset Allocation 45.63 7,399.56 0.62%
Alternatives -178.49 4,244.71 -4.20%
Total: 8,920.68 3,094,208.18 0.26%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
IBCC iShares iBonds Mar 2018 Term Corporate ex-Financials ETF 27,776 214,445 772.05%
HFXI IQ 50 Percent Hedged FTSE International ETF 203,163 1,401,749 689.96%
IDEV iShares Core MSCI International Developed Markets ETF 20,778 114,276 549.98%
PUI PowerShares DWA Utilities Momentum Portfolio 11,021 44,332 402.24%
FTGC First Trust Global Tactical Commodity Strategy Fund 49,079 192,153 391.52%
IEUR iShares Core MSCI Europe ETF 510,585 1,772,320 347.12%
FIEU Credit Suisse FI Enhanced Europe 50 ETN 1,666 6,227 373.73%
SCHO Schwab Short-Term US Treasury ETF 309,265 1,116,303 360.95%
DBJP Deutsche X-trackers MSCI Japan Hedged Equity ETF 790,164 4,334,694 548.58%
USLB PowerShares Russell 1000 Low Beta Equal Weight Portfolio 8,569 23,439 273.53%

 

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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