Weekly ETF Inflows At Record Despite Monday Selling

September 22, 2017

The week ended on a high note for exchange-traded fund flows. On Monday, U.S.-listed ETFs witnessed a bulky $8.9 billion outflow, but between Tuesday and Thursday, they recouped all that and more. On Tuesday, inflows were $8.6 billion; on Wednesday, inflows were $7.4 billion; and on Thursday, inflows were $1.1 billion. 

The final data for the week from FactSet showed that ETFs gathered $7 billion in new money during the week ending Thursday, Sept. 21. That pushed year-to-date inflows to a new annual record of $329.3 billion.

This week's inflows were relatively evenly distributed between the various asset classes. U.S. equity ETFs took in $1.8 billion; international equity ETFs took in $2.3 billion; U.S. fixed-income ETFs took in $2.5 billion; and commodity ETFs took in $440 million.

The stock market fluctuated in a narrow range during the week. The S&P 500 hit a fresh record high just below 2,509 on Wednesday before paring gains amid concerns about the Federal Reserve's plan to shrink its balance sheet. 

Interest rates got a lift from those same Fed plans. The 10-year Treasury bond yield reached as high as 2.29% during the week, the highest level in more than a month. Last week, the yield briefly traded close to 2%.

'TLT' Continues To Sizzle
This week's top 10 inflows list included many familiar names. The iShares Russell 2000 ETF (IWM) and the SPDR S&P 500 ETF Trust (SPY) were the only funds to garner net inflows of more than $1 billion during the period.

The SPDR Gold Trust (GLD) also made an appearance on the list, with inflows of $575 million. At the same time, the iShares 20+ Year Treasury Bond ETF (TLT) continued to rake in money, collecting $532 million of fresh assets this week. 

On the outflows side, the iShares Core S&P 500 ETF (IVV) took the top spot. This year's top inflows winner hit a roadbump, as investors pulled $1.6 billion from the fund.

Other notable flows losers this week included the ProShares Short VIX Short-Term Futures ETF (SVXY), the VelocityShares Daily Inverse VIX Short-Term ETN (XIV), the iShares JP Morgan USD Emerging Markets Bond ETF (EMB) and the iShares MSCI Canada ETF (EWC).

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 1,507.54 40,368.37 3.88%
SPY SPDR S&P 500 ETF Trust 1,148.63 247,002.69 0.47%
VOO Vanguard S&P 500 ETF 692.41 73,511.06 0.95%
XLF Financial Select Sector SPDR Fund 646.22 26,364.88 2.51%
GLD SPDR Gold Trust 575.20 35,922.18 1.63%
VWO Vanguard FTSE Emerging Markets ETF 539.77 63,812.64 0.85%
XLV Health Care Select Sector SPDR Fund 534.19 18,623.48 2.95%
TLT iShares 20+ Year Treasury Bond ETF 531.86 9,883.12 5.69%
HYG iShares iBoxx $ High Yield Corporate Bond ETF 528.89 19,036.41 2.86%
IWS iShares Russell Mid-Cap Value ETF 485.91 10,210.77 5.00%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
IVV iShares Core S&P 500 ETF -1,607.52 125,737.43 -1.26%
VO Vanguard Mid-Cap ETF -761.32 19,878.21 -3.69%
VB Vanguard Small-Cap ETF -555.54 19,394.72 -2.78%
VBK Vanguard Small-Cap Growth ETF -350.59 6,400.43 -5.19%
MDY SPDR S&P Midcap 400 ETF Trust -337.14 17,889.18 -1.85%
SVXY ProShares Short VIX Short-Term Futures ETF -318.37 1,140.75 -21.82%
SCHA Schwab U.S. Small-Cap ETF -309.39 5,688.47 -5.16%
XIV VelocityShares Daily Inverse VIX Short-Term ETN -279.60 1,251.11 -18.27%
EMB iShares JP Morgan USD Emerging Markets Bond ETF -279.17 11,674.09 -2.34%
EWC iShares MSCI Canada ETF -274.26 3,032.18 -8.29%

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 1,784.47 1,738,563.98 0.10%
International Equity 2,326.45 737,130.41 0.32%
U.S. Fixed Income 2,489.87 505,120.86 0.49%
International Fixed Income -71.76 54,503.08 -0.13%
Commodities 440.21 66,613.89 0.66%
Currency -21.34 1,435.54 -1.49%
Leveraged 435.14 29,743.34 1.46%
Inverse -591.98 17,995.23 -3.29%
Asset Allocation 53.73 7,564.37 0.71%
Alternatives 193.57 4,245.88 4.56%
Total: 7,038.37 3,162,916.57 0.22%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
DIVC C-Tracks ETN - Miller/Howard Strategic Dividend Reinvestor 19 136 725.00%
DBO PowerShares DB Oil Fund 504,105 2,161,384 428.76%
PDN Powershares FTSE RAFI Developed Markets ex-US Small-Mid ETF 15,046 55,285 367.44%
INCO Columbia India Consumer ETF 34,561 143,922 416.43%
DBEZ Deutsche X-trackers MSCI Eurozone Hedged Equity ETF 16,781 40,244 239.82%
EEMO PowerShares S&P Emerging Markets Momentum Portfolio 75,923 201,415 265.29%
JPGB JPMorgan Global Bond Opportunities ETF 3,310 7,555 228.22%
HUSV First Trust Horizon Managed Volatility Domestic ETF 20,836 54,400 261.09%
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 38,175 159,242 417.14%
COMT iShares Commodities Select Strategy ETF 29,021 64,082 220.82%

 

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