US ETF Inflows Near $100B For Year

May 11, 2018

May continued to be a positive month for ETF inflows, as the space netted $6.1 billion during the week ending Thursday, May 10. U.S. equity ETFs saw $6.8 billion in inflows, including powerhouses like the iShares Core S&P 500 ETF (IVV) and the PowerShares QQQ Trust (QQQ). Year-to-date inflows now stand at $94.7 billion.

A solid rally in equity markets this week gave investors confidence to put new money to work. The S&P 500 climbed 2.3% week-over-week thanks to a 4.1% jump in the energy sector. U.S. oil prices topped $70 for the first time since 2014 this week after President Trump pulled the country out of the Iran nuclear deal.

A weaker-than-expected reading on U.S. consumer price inflation also aided the S&P 500, which now sits at the highest level in nearly two months. That inflation reading also pushed interest rates down from their highs of the week. The U.S. 10-year Treasury yield briefly hit 3.01% before falling to 2.97%. Still, it was up about 3 basis points from last week.

With yields biased upward, fixed-income investors favored short-duration bond ETFs, such as the iShares 1-3 Year Treasury Bond ETF (SHY) and the Schwab Short-Term US Treasury ETF (SCHO).

On the other hand, the iShares iBoxx USD High Yield Corporate Bond ETF (HYG), the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) and the iShares 20+ Treasury Bond ETF (TLT) were a trio of bond ETFs to fall out of favor during the week.

In aggregate, U.S. fixed-income ETFs had a net $1.1 billion of inflows.

For a full list of this week's top inflows and outflows, see the tables below:

Email Sumit Roy at [email protected] or follow him on Twitter @sumitroy2

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
IVV iShares Core S&P 500 ETF 5,238.54 149,966.52 3.62%
QQQ PowerShares QQQ Trust 1,753.03 63,864.57 2.82%
SHY iShares 1-3 Year Treasury Bond ETF 1,156.12 13,751.64 9.18%
VEA Vanguard FTSE Developed Markets ETF 472.92 72,808.37 0.65%
VOO Vanguard S&P 500 ETF 435.92 89,316.11 0.49%
XLK Technology Select Sector SPDR Fund 331.82 21,214.20 1.59%
SCHO Schwab Short-Term US Treasury ETF 329.94 2,695.45 13.95%
IJR iShares Core S&P Small Cap ETF 309.46 39,343.19 0.79%
SPYG SPDR Portfolio S&P 500 Growth ETF 265.96 2,492.45 11.95%
VB Vanguard Small-Cap ETF 227.63 22,723.54 1.01%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 ETF Trust -2,341.48 256,916.78 -0.90%
EEM iShares MSCI Emerging Markets ETF -711.12 39,864.23 -1.75%
HYG iShares iBoxx USD High Yield Corporate Bond ETF -571.45 14,616.99 -3.76%
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF -549.59 31,628.97 -1.71%
IYR iShares U.S. Real Estate ETF -391.26 2,969.67 -11.64%
XLU Utilities Select Sector SPDR Fund -370.45 6,810.08 -5.16%
VWO Vanguard FTSE Emerging Markets ETF -352.95 66,378.62 -0.53%
TLT iShares 20+ Year Treasury Bond ETF -332.00 7,088.35 -4.47%
MBB iShares MBS ETF -321.01 11,743.13 -2.66%
EZU iShares MSCI Eurozone ETF -315.04 13,484.20 -2.28%

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 6,770.85 1,950,584.24 0.35%
International Equity -1,540.16 845,371.18 -0.18%
U.S. Fixed Income 1,066.83 535,788.41 0.20%
International Fixed Income -327.15 62,740.30 -0.52%
Commodities  81.85 70,871.57 0.12%
Currency -21.69 1,373.66 -1.58%
Leveraged -439.01 36,353.33 -1.21%
Inverse 307.36 13,517.53 2.27%
Asset Allocation -1.67 9,179.40 -0.02%
Alternatives 165.88 4,341.38 3.82%
Total: 6,063.10 3,530,121.00 0.17%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
RFCI RiverFront Dynamic Core Income ETF 31,926 165,123 517.20%
QDF lexShares Quality Dividend Index Fund 198,420 876,753 441.87%
IBDQ iShares iBonds Dec 2025 Term Corporate ETF 66,544 256,131 384.91%
RFAP First Trust RiverFront Dynamic Asia Pacific 6,477 23,718 366.20%
ACIM SPDR MSCI ACWI IMI ETF 7,277 21,840 300.12%
ESGU iShares MSCI U.S.A. ESG Optimized ETF 10,321 33,253 322.18%
LOWC SPDR MSCI ACWI Low Carbon Target ETF 3,774 10,885 288.45%
BSCN PowerShares BulletShares 2023 Corporate Bond Portfolio 100,648 289,219 287.36%
QLTA iShares Aaa-A Rated Corporate Bond ETF 8,950 21,341 238.45%
NFO PowerShares Insider Sentiment Portfolio 2,353 5,044 214.38%

 

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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