2018 ETF Flows Top $100B

May 18, 2018

With a spectacular $15 billion in inflows, the week ending May 17 pushed year-to-date flows into ETFs above $100 billion to total $108.5 billion. Most of that was from U.S. equities, which pulled in $12.3 billion, blowing all the other asset classes out of the water. U.S. fixed-income ETFs were in second place, pulling in just $1.8 billion during the week.

The huge gains in U.S. equity ETFs can be mainly chalked up to the SPDR S&P 500 ETF Trust (SPY), which gained nearly $6 billion. The iShares Russell 2000 ETF (IWM) was a distant second, with inflows of just $841.9 million, while the iShares Edge MSCI U.S.A. Momentum Factor ETF (MTUM) gained $585.8 million.

Other funds of note in the week’s top 10 for flows include the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD), which claimed the No. 4 spot by pulling in $516.5 million, and the iShares Global Energy ETF (IXC), the only sector fund in the top 10, which no doubt saw its gain of $352.4 million fueled by rising oil prices.

‘TLT’ Biggest Loser

Interestingly, the No. 3 fund for outflows was the U.S.-focused Energy Select Sector SPDR Fund (XLE), which lost $261.2 million. The biggest loser for the week was the iShares 20+ Year Treasury Bond ETF (TLT), which lost $332.8 million, followed by the SPDR Gold Trust (GLD), which lost $287.8 million. Also notable for its outflows during the week was the iShares U.S. Home Construction ETF (ITB), which lost 15.6% of its total AUM, with outflows of $224.1 million.

Leveraged ETFs saw the most outflows of any asset class, losing $499.4 million, led by the ProShares UltraPro QQQ (TQQQ), which lost $141.3 million and claimed the No. 10 spot for outflows out of all U.S.-listed ETFs. Commodities lost $303 million, while currency lost $92.1 million.

Contact Heather Bell at [email protected]

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 ETF Trust 5,995.73 265,504.21 2.31%
IWM iShares Russell 2000 ETF 841.91 44,996.16 1.91%
MTUM iShares Edge MSCI U.S.A. Momentum Factor ETF 585.80 8,733.16 7.19%
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF 516.52 32,045.05 1.64%
QQQ PowerShares QQQ Trust 509.95 64,779.25 0.79%
IJR iShares Core S&P Small Cap ETF 381.81 40,301.43 0.96%
IWO iShares Russell 2000 Growth ETF 369.48 10,234.55 3.75%
DIA SPDR Dow Jones Industrial Average ETF Trust 361.30 21,235.44 1.73%
IXC iShares Global Energy ETF 352.42 1,813.69 24.12%
EMB iShares JP Morgan USD Emerging Markets Bond ETF 346.68 11,502.94 3.11%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
TLT iShares 20+ Year Treasury Bond ETF -332.77 6,684.40 -4.74%
GLD SPDR Gold Trust -287.75 35,537.41 -0.80%
XLE Energy Select Sector SPDR Fund -261.25 19,277.56 -1.34%
XLF Financial Select Sector SPDR Fund -241.25 32,758.30 -0.73%
ITB iShares U.S. Home Construction ETF -224.14 1,211.77 -15.61%
EEM iShares MSCI Emerging Markets ETF -190.84 40,068.25 -0.47%
IYW iShares U.S. Technology ETF -189.36 4,108.93 -4.41%
JNK SPDR Bloomberg Barclays High Yield Bond ETF -160.51 9,207.28 -1.71%
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund -159.16 354.19 -31.00%
TQQQ ProShares UltraPro QQQ -141.32 3,455.70 -3.93%

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 12,318.79 1,981,463.44 0.62%
International Equity 1,584.43 851,144.08 0.19%
U.S. Fixed Income 1,757.50 536,376.53 0.33%
International Fixed Income 535.91 63,289.81 0.85%
Commodities  -302.98 69,713.20 -0.43%
Currency -92.12 1,278.98 -7.20%
Leveraged -499.36 36,313.50 -1.38%
Inverse 228.74 13,701.90 1.67%
Asset Allocation 19.13 9,242.18 0.21%
Alternatives 156.61 4,432.82 3.53%
Total: 15,706.65 3,566,956.44 0.44%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 8,228 39,609 481.40%
STOT SPDR DoubleLine Short Duration Total Return Tactical 24,463 131,631 538.09%
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 34,981 144,689 413.62%
SYLD Cambria Shareholder Yield ETF 19,488 70,838 363.50%
JKJ iShares Morningstar Small-Cap ETF 4,126 15,977 387.26%
PIO Powershares Global Water Portfolio 13,153 39,384 299.42%
DTH WisdomTree International High Dividend Fund 15,495 41,031 264.81%
FEU SPDR STOXX Europe 50 ETF 24,648 70,516 286.09%
GVAL Cambria Global Value ETF 45,543 138,994 305.19%
DBJP Xtrackers MSCI Japan Hedged Equity ETF 280,823 688,143 245.04%

 

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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