Weekly ETF Asset Haul Pace Moderates

September 29, 2017

The pace of net inflows into U.S.-listed ETFs slowed in the past week, with only about $3.5 billion in net new money flowing into funds—half the previous week’s haul.

Still, the weekly total puts September’s ETF net creations above $30 billion, helping bring year-to-date ETF asset inflows closer to $332 billion—a record.

Demand this past week was heavily concentrated in two asset classes: international equity and U.S. fixed income. These have been strong themes among U.S. ETF investors all year; namely, that non-U.S. markets are poised to outperform in equities, and that the need for income is real.

Some of the most popular funds this week included the Vanguard FTSE Developed Markets ETF (VEA), the iShares Core MSCI EAFE ETF (IEFA) and the SPDR Bloomberg Barclays High Yield Bond ETF (JNK).

US Equities Take A Hit

U.S. equity funds were actually net losers in the week, bleeding more than $2.5 billion in net redemptions. Still, some funds stood out, such as the iShares Nasdaq Biotechnology ETF (IBB), which took in $578 million.

The inflows came despite the fact that health care—and biotech specifically—performed poorly this week. IBB was down some 0.7% in five days.

Another noteworthy find among the week’s top creations is the SPDR Gold Trust (GLD), which has now attracted nearly $2 billion in net inflows year-to-date, and has seen a pretty consistent pace of net creations since mid-August.

GLD is up more than 11% this year, delivering returns that aren’t all that different from the 13% in gains the SPDR S&P 500 ETF Trust (SPY) has seen so far in 2017.

The U.S. ETF industry today commands about $3.1 trillion in total assets, roughly 82% of which is managed by three issuers—iShares, Vanguard and State Street Global Advisors. In the past week, all top 10 creations were in ETFs from one these three providers. 

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
IVV iShares Core S&P 500 ETF 793.47 124,882.00 0.64%
IBB iShares NASDAQ Biotechnology ETF 578.77 10,201.07 6.01%
XLF Financial Select Sector SPDR Fund 526.59 26,520.91 2.03%
MDY SPDR S&P Midcap 400 ETF Trust 522.95 18,391.78 2.93%
VEA Vanguard FTSE Developed Markets ETF 516.81 62,318.81 0.84%
GLD SPDR Gold Trust 516.41 36,130.19 1.45%
IEFA iShares Core MSCI EAFE ETF 459.14 35,732.99 1.30%
JNK SPDR Bloomberg Barclays High Yield Bond ETF 334.61 12,724.47 2.70%
DIA SPDR Dow Jones Industrial Average ETF Trust 334.42 18,623.82 1.83%
IJR iShares Core S&P Small Cap ETF 325.35 32,335.97 1.02%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 ETF Trust -5,177.86 241,916.11 -2.10%
XLV Health Care Select Sector SPDR Fund -683.22 17,781.77 -3.70%
QQQ PowerShares QQQ Trust -643.25 51,456.31 -1.23%
XOP SPDR S&P Oil & Gas Exploration & Production ETF -613.07 2,296.63 -21.07%
XLP Consumer Staples Select Sector SPDR Fund -394.84 8,807.46 -4.29%
XLY Consumer Discretionary Select Sector SPDR Fund -366.54 11,433.84 -3.11%
EWJ iShares MSCI Japan ETF -358.55 15,933.69 -2.20%
TLT iShares 20+ Year Treasury Bond ETF -306.72 9,535.80 -3.12%
XIV VelocityShares Daily Inverse VIX Short-Term ETN -232.60 1,015.82 -18.63%
UPRO ProShares UltraPro S&P500 -221.00 902.64 -19.67%

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -2,520.20 1,728,461.20 -0.15%
International Equity 2,783.97 727,491.75 0.38%
U.S. Fixed Income 2,502.41 507,689.57 0.49%
International Fixed Income 137.33 54,544.02 0.25%
Commodities  685.31 66,751.92 1.03%
Currency -26.15 1,393.57 -1.88%
Leveraged 482.53 29,554.11 1.63%
Inverse -335.54 17,777.16 -1.89%
Asset Allocation 28.45 7,577.02 0.38%
Alternatives -182.16 4,032.66 -4.52%
Total: 3,555.95 3,145,272.98 0.11%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
XIVH VelocityShares VIX Short Volatility Hedged ETN 6,888 26,464 384.19%
MBG SPDR Bloomberg Barclays Mortgage Backed Bond ETF 40,701 152,161 373.85%
BBRC Columbia Beyond BRICs ETF 19,878 59,360 298.62%
RTM Guggenheim S&P 500 Equal Weight Materials ETF 12,879 37,662 292.43%
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 40,235 130,048 323.22%
CCOR Cambria Core Equity ETF 14,915 39,809 266.90%
CLTL PowerShares Treasury Collateral Portfolio 62 132 213.21%
FYT First Trust Small Cap Value AlphaDEX Fund 11,772 29,268 248.62%
EDEN iShares MSCI Denmark Capped ETF 10,738 27,062 252.02%
FVC First Trust Dorsey Wright Dynamic Focus 5 ETF 41,134 88,028 214.00%

 

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