ETFs See Third Weekly Outflow In 5 Weeks

March 09, 2018

After two weeks of solid gains, ETF flows slipped back into the red this week amid gnawing concerns about trade wars. In total, U.S.-listed ETFs had outflows of $9.6 billion during the week ending Thursday, March 8, according to FactSet. That’s the third weekly outflow in five weeks.

Still, even with the slippage, ETF flows remain well in positive territory for the year thanks to a strong January. Year-to-date inflows last stood at $52.7 billion.

As has been the case in recent weeks, investors’ trepidation remained focused on U.S. equity ETFs, which had outflows of $9.3 billion just on its own. The other main categories, including international equity ETFs, U.S. fixed-income ETFs and commodity ETFs, didn’t see much flows action in either direction.

One fund alone was largely responsible for the poor showing of U.S. equity ETFs. The SPDR S&P 500 ETF Trust (SPY) had redemptions of a whopping $12.8 billion during the period, bringing its year-to-date outflows to $18.5 billion.

Strip out SPY and the picture doesn’t look nearly as bad. In fact, a number of U.S.-listed ETFs garnered solid inflows during the week, including the iShares Core MSCI EAFE ETF (IEFA) and the iShares Core S&P 500 ETF (IVV), which took in a combined $1.9 billion.

On Thursday, Bloomberg analyst Eric Balchunas called IVV, IEFA, the iShares Core MSCI Emerging Markets ETF (IEMG) and the iShares Core U.S. Aggregate Bond ETF (AGG) BlackRock’s "Four Headed Monster," which are responsible for more than half of the total year-to-date inflows for ETFs.

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
IEFA iShares Core MSCI EAFE ETF 1,842.15 53,315.74 3.58%
IVV iShares Core S&P 500 ETF 1,096.22 156,651.05 0.70%
XLP Consumer Staples Select Sector SPDR Fund 642.74 8,076.25 8.65%
FDN First Trust Dow Jones Internet Index Fund 521.88 7,100.73 7.93%
VOO Vanguard S&P 500 ETF 490.21 90,347.10 0.55%
IWM iShares Russell 2000 ETF 379.03 41,221.85 0.93%
VAW Vanguard Materials ETF 334.48 2,771.11 13.73%
KRE SPDR S&P Regional Banking ETF 253.71 5,401.63 4.93%
GDX VanEck Vectors Gold Miners ETF 233.02 7,680.83 3.13%
ISTB iShares Core 1-5 Year USD Bond ETF 231.29 1,825.18 14.51%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 ETF Trust -12,749.86 264,010.83 -4.61%
AGG iShares Core U.S. Aggregate Bond ETF -914.71 53,615.12 -1.68%
VGT Vanguard Information Technology ETF -820.18 18,858.98 -4.17%
XLI Industrial Select Sector SPDR Fund -542.92 12,412.18 -4.19%
EZU iShares MSCI Eurozone ETF -399.47 15,658.35 -2.49%
JNK SPDR Bloomberg Barclays High Yield Bond ETF -359.11 8,680.67 -3.97%
EPP iShares MSCI Pacific ex-Japan ETF -297.65 2,948.15 -9.17%
XLRE Real Estate Select Sector SPDR Fund -296.38 2,235.03 -11.71%
HYG iShares iBoxx $ High Yield Corporate Bond ETF -264.19 14,911.92 -1.74%
DXJ WisdomTree Japan Hedged Equity Fund -257.86 6,859.96 -3.62%

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -9,345.18 1,955,819.49 -0.48%
International Equity 300.88 842,207.97 0.04%
U.S. Fixed Income -610.57 518,540.16 -0.12%
International Fixed Income -73.69 62,562.58 -0.12%
Commodities  128.31 69,546.30 0.18%
Currency -18.83 1,355.42 -1.39%
Leveraged 48.13 36,529.81 0.13%
Inverse 55.73 13,682.99 0.41%
Asset Allocation 32.60 8,926.22 0.37%
Alternatives -161.06 4,292.45 -3.75%
Total: -9,643.67 3,513,463.39 -0.27%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
HYLV IQ S&P High Yield Low Volatility Bond ETF 5,620 28,208 501.94%
BFOR ALPS Barron’s 400 ETF 34,622 147,366 425.65%
EELV PowerShares S&P Emerging Markets Low Volatility Portfolio 79,078 179,936 227.54%
HFXE IQ 50 Percent Hedged FTSE Europe ETF 3,929 7,634 194.28%
IBDC iShares iBonds Mar 2020 Term Corporate ETF 12,048 22,560 187.25%
AGT iShares MSCI Argentina and Global Exposure ETF 31,781 59,322 186.66%
IGRO iShares International Dividend Growth ETF 6,782 12,113 178.61%
AGGP IQ Enhanced Core Plus Bond U.S. ETF 268,567 439,706 163.72%
CSML IQ Chaikin U.S. Small Cap ETF 112,106 181,024 161.48%
IBDD iShares iBonds Mar 2023 Term Corporate ETF 9,921 14,094 142.06%

 

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