'SPY' AUM Tops $300B, Fueling Big Weekly ETF Inflows

January 26, 2018

The speed at which the U.S. stock market is rising has some investors feeling dizzy. With three trading sessions left in the first month of the year, the S&P 500 is already up more than 7%. 

​To see why that is, look no further than what is going on in the world of ETFs. This week, investors bought up $16.6 billion worth of U.S.-listed ETFs, bringing the haul for 2018 as a whole to $50.6 billion. 

​Of this week's inflows, $8 billion went into U.S. equity ETFs, according to FactSet. The data, which covers the week ending Thursday, Jan. 25, also showed that $5.4 billion raced into international equity ETFs. International stocks are on a streak of 10-straight weeks of gains, the longest run of that kind since 1999.

SPY Eclipses $300B 
​The ETF to benefit the most from investors "partying like it's 1999" is the SPDR S&P 500 ETF Trust (SPY). The world's largest ETF took in $6.2 billion this week, bringing its total assets under management to a whopping $302.3 billion, a new record.

​Other low-cost, broad market ETFs like the Vanguard S&P 500 ETF (VOO) and the Vanguard FTSE Emerging Markets ETF (VWO) also took in sizable amounts of money this week, but nowhere near SPY's take.

​One sector ETF, the Utilities Select Sector SPDR Fund (XLU), pulled in a cool $566 million this week even as utility stocks struggled due to rising interest rates. 

Bond ETFs Sold
​On the outflows side, bond ETFs fared the worst, as bond prices fell and yields ticked up. The iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD), the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and the iShares Core U.S. Aggregate Bond ETF (AGG) all made an appearance on the outflows list.

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 6,210.59 302,321.08 2.10%
QQQ PowerShares QQQ Trust 847.40 63,807.90 1.35%
VOO Vanguard S&P 500 ETF 799.51 90,719.34 0.89%
VWO Vanguard FTSE Emerging Markets ETF 684.50 73,613.58 0.94%
XLU Utilities Select Sector SPDR Fund 565.94 7,653.10 7.99%
IWM iShares Russell 2000 ETF 531.33 44,548.33 1.21%
IEFA iShares Core MSCI EAFE ETF 418.59 46,759.93 0.90%
DIA SPDR Dow Jones Industrial Average ETF Trust 403.98 25,300.93 1.62%
EEM iShares MSCI Emerging Markets ETF 386.39 44,409.51 0.88%
EWJ iShares MSCI Japan ETF 380.75 22,593.25 1.71%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF -612.25 36,628.79 -1.64%
HYG iShares iBoxx $ High Yield Corporate Bond ETF -542.29 16,382.03 -3.20%
XLY Consumer Discretionary Select Sector SPDR Fund -522.78 13,643.58 -3.69%
XLF Financial Select Sector SPDR Fund -448.90 34,500.58 -1.28%
XLV Health Care Select Sector SPDR Fund -406.35 17,292.62 -2.30%
IWF iShares Russell 1000 Growth ETF -352.66 42,221.93 -0.83%
XLI Industrial Select Sector SPDR Fund -326.41 15,404.73 -2.07%
AGG iShares Core U.S. Aggregate Bond ETF -259.58 53,155.97 -0.49%
VNQ Vanguard REIT ETF -253.87 33,095.28 -0.76%
IWD iShares Russell 1000 Value ETF -240.23 40,444.84 -0.59%

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 7,982.60 2,052,337.84 0.39%
International Equity 5,389.95 876,459.50 0.61%
U.S. Fixed Income 559.30 523,886.87 0.11%
International Fixed Income 951.75 63,194.93 1.51%
Commodities  865.86 70,708.65 1.22%
Currency 72.03 1,311.78 5.49%
Leveraged 153.84 38,183.04 0.40%
Inverse 564.62 15,782.92 3.58%
Asset Allocation 13.67 9,271.72 0.15%
Alternatives 39.15 4,580.78 0.85%
Total: 16,592.76 3,655,718.02 0.45%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 15,198 44,921 295.58%
ZMLP Direxion Zacks MLP High Income Index Shares 52,050 152,143 292.30%
PPH VanEck Vectors Pharmaceutical ETF 71,790 160,594 223.70%
SPIB SPDR Portfolio Intermediate Term Corporate Bond ETF 1,033,304 2,372,735 229.63%
XRLV PowerShares S&P 500 ex-Rate Sensitive Low Volatility Portfolio 38,781 83,844 216.20%
UITB USAA Core Intermediate-Term Bond ETF 15,877 28,926 182.19%
IXN iShares Global Tech ETF 62,125 137,774 221.77%
IVLU iShares Edge MSCI Intl Value Factor ETF 26,221 66,324 252.94%
DBAW Xtrackers MSCI All World ex U.S. Hedged Equity ETF 18,368 30,716 167.22%
KBA KraneShares Bosera MSCI China A Share ETF 57,653 125,994 218.54%

 

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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