Weekly ETF Inflows Top $15B

June 15, 2018

After seeing their eight-week inflows streak snapped last week, U.S.-listed ETFs are at it again. During the latest week, they collected $15.3 billion in fresh money from investors, pushing year-to-date inflows up to $135.1 billion.

The data, which comes from FactSet and measures the week ending Thursday, June 14, showed U.S. equity ETFs taking the bulk of the inflows. More than $15 billion entered that segment, easily making up for the outflows from international equity ETFs, international fixed-income ETFs and commodity ETFs.

U.S. fixed-income ETFs were the only other area to see notable inflows during the week—$2.8 billion entered the segment.

Equity Rally Picks Up Steam

It’s not hard to see why investors were so enthusiastic about U.S. stocks this week. The S&P 500 rallied to its highest level since March as investors shrugged off concerns about a brewing trade war between the U.S. and China, and instead fixated on strong economic growth.

The latest estimates suggest that U.S. GDP growth could challenge 4% during the second quarter after blockbuster retail sales data for May bolstered the outlook for the world’s largest economy.

Small-cap stocks, which are less affected by trade, hit fresh all-time highs during the week.

Meanwhile, in fixed-income markets, Treasuries rallied despite a rate hike by the Fed on Wednesday and a new central bank forecast that indicated two more rate hikes later this year.

Offsetting the Fed was a dovish monetary policy meeting in Europe. The European Central Bank said it would end its quantitative easing program by the end of the year, but it would leave interest rates close to zero until the summer of next year—longer than many had expected. The move pushed eurozone bond yields down, and in turn, U.S. yields also moved down.

The U.S. 10-year Treasury yield was last trading at 2.92%, down slightly from 2.94% a week ago.

Vanguard Dominates

In terms of individual ETF flows for the week, Vanguard funds dominated the top 10. Seven of the 10 ETFs with the largest inflows were Vanguard funds, including the Vanguard High Dividend Yield ETF (VYM), the Vanguard Small-Cap ETF (VB) and the Vanguard Value ETF (VTV).

The only non-Vanguard ETFs to make the cut were rival funds from the likes of iShares and State Street.

On the outflows side, the iShares Core S&P 500 ETF (IVV), the iShares MSCI Emerging Markets ETF (EEM) and the iShares Russell 2000 ETF (IWM) were the biggest losers.

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
VYM Vanguard High Dividend Yield ETF 3,259.45 24,526.98 15.33%
VB Vanguard Small-Cap ETF 2,174.69 25,993.01 9.13%
VTV Vanguard Value ETF 1,221.45 39,254.07 3.21%
IJH iShares Core S&P Mid-Cap ETF 947.31 48,966.37 1.97%
VBK Vanguard Small-Cap Growth ETF 848.73 9,145.52 10.23%
IJR iShares Core S&P Small Cap ETF 788.68 43,814.62 1.83%
VUG Vanguard Growth ETF 646.53 36,562.44 1.80%
VO Vanguard Mid-Cap ETF 624.90 24,002.36 2.67%
VBR Vanguard Small-Cap Value ETF 611.17 14,320.52 4.46%
SPY SPDR S&P 500 ETF Trust 599.78 267,960.83 0.22%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
IVV iShares Core S&P 500 ETF -2,707.66 152,474.47 -1.74%
EEM iShares MSCI Emerging Markets ETF -1,380.36 37,141.41 -3.58%
IWM iShares Russell 2000 ETF -1,010.05 47,493.70 -2.08%
QQQ Invesco QQQ Trust -962.66 66,135.86 -1.43%
VGK Vanguard FTSE Europe ETF -505.47 17,972.84 -2.74%
XLK Technology Select Sector SPDR Fund -423.40 22,339.74 -1.86%
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF -366.06 31,933.99 -1.13%
SMH VanEck Vectors Semiconductor ETF -317.28 1,112.28 -22.19%
BIV Vanguard Intermediate-Term Bond ETF -289.99 14,408.44 -1.97%
OEF iShares S&P 100 -289.00 4,804.66 -5.67%

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 15,024.90 2,053,246.86 0.73%
International Equity -2,122.41 839,086.89 -0.25%
U.S. Fixed Income 2,750.13 545,925.85 0.50%
International Fixed Income -136.57 61,823.10 -0.22%
Commodities  -332.71 68,724.82 -0.48%
Currency -21.78 1,225.15 -1.78%
Leveraged -93.01 36,868.53 -0.25%
Inverse 82.69 13,373.01 0.62%
Asset Allocation 113.23 9,508.43 1.19%
Alternatives 36.91 4,391.86 0.84%
Total: 15,301.39 3,634,174.51 0.42%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
FLEU Barclays ETN+ FI Enhanced Europe 50 ETN Series B 3,948 23,646 598.90%
IG Principal Investment Grade Corporate Active ETF 66 325 492.68%
NFLT Virtus Newfleet Multi-Sector Bond ETF 28,016 80,557 287.54%
HYDW Xtrackers Low Beta High Yield Bond ETF 188 350 186.03%
RWL Oppenheimer S&P 500 Revenue ETF 80,399 179,129 222.80%
IYK iShares U.S. Consumer Goods ETF 56,990 96,186 168.78%
FFEU Barclays ETN+ FI Enhanced Europe 50 ETN Series C 20,496 35,460 173.01%
EXT WisdomTree U.S. Total Earnings Fund 5,367 9,837 183.26%
IHF iShares U.S. Healthcare Providers ETF 21,356 40,192 188.19%
EET ProShares Ultra MSCI Emerging Markets 11,414 19,130 167.60%

 

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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