ETFs Eke Out Weekly Inflows

July 06, 2018

ETFs narrowly escaped having back-to-back weekly outflows for a second time this year. After recording a beefy outflow of $21.6 billion last week, U.S.-listed ETFs eked out a meager $670 million net inflow this week. That pushed year-to-date inflows up slightly to $121 million.

Recent flows patterns maintained themselves this week as equity ETFs were largely shunned in favor of fixed-income ETFs. Specifically, international equity ETFs had outflows of $1.9 billion, while U.S. fixed-income ETFs had inflows of $2.8 billion.

Commodity ETFs were another area to see action. They saw redemptions of more than $1 billion, largely due to a $690 million outflow from the SPDR Gold Trust (GLD).

Winners & Losers

The top flows winners this week included the iShares 20+ Year Treasury Bond ETF (TLT), the iShares Russell 2000 ETF (IWM) and the iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD).

On the outflows side, the iShares MSCI EAFE ETF (EFA), the SPDR Bloomberg Barclays High Yield Bond ETF (JNK) and the Vanguard FTSE Emerging Markets ETF (VWO) were among the biggest losers.

During the week, the S&P 500 rallied to a two-week high; emerging market stocks hovered near recent one-year lows; and the U.S. 10-year Treasury yield remained flat around 2.83%.

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
TLT iShares 20+ Year Treasury Bond ETF 595.51 7,839.21 8.22%
IWM iShares Russell 2000 ETF 438.82 47,770.82 0.93%
IVV iShares Core S&P 500 ETF 408.99 148,406.22 0.28%
AGG iShares Core U.S. Aggregate Bond ETF 349.65 55,557.00 0.63%
VNQ Vanguard Real Estate ETF 300.70 31,487.93 0.96%
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF 297.21 33,254.98 0.90%
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF 294.56 1,234.28 31.35%
XLU Utilities Select Sector SPDR Fund 290.10 7,960.38 3.78%
IEF iShares 7-10 Year Treasury Bond ETF 286.35 8,840.91 3.35%
IYR iShares U.S. Real Estate ETF 240.50 4,097.06 6.24%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
EFA iShares MSCI EAFE ETF -796.80 71,310.86 -1.11%
GLD SPDR Gold Trust -686.55 32,321.36 -2.08%
SPY SPDR S&P 500 ETF Trust -597.40 258,108.88 -0.23%
QQQ Invesco QQQ Trust -595.48 65,083.11 -0.91%
JNK SPDR Bloomberg Barclays High Yield Bond ETF -476.86 8,966.00 -5.05%
VWO Vanguard FTSE Emerging Markets ETF -400.60 59,789.60 -0.67%
DIA SPDR Dow Jones Industrial Average ETF Trust -327.06 20,534.70 -1.57%
IJH iShares Core S&P Mid-Cap ETF -301.83 47,007.02 -0.64%
DBO Invesco DB Oil Fund -215.57 377.97 -36.32%
SOXX iShares PHLX Semiconductor ETF -203.89 1,566.86 -11.51%

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 748.63 1,998,416.45 0.04%
International Equity -1,944.65 784,036.83 -0.25%
U.S. Fixed Income 2,810.20 554,146.85 0.51%
International Fixed Income -190.75 61,698.94 -0.31%
Commodities  -1,016.39 64,807.73 -1.57%
Currency -4.96 1,208.07 -0.41%
Leveraged 391.31 35,517.77 1.10%
Inverse -71.08 13,094.29 -0.54%
Asset Allocation 1.55 9,201.71 0.02%
Alternatives -53.94 4,343.61 -1.24%
Total: 669.91 3,526,472.25 0.02%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
HYDW Xtrackers Low Beta High Yield Bond ETF 112 233 208.67%
JPMF JPMorgan Managed Futures Strategy ETF 2,901 6,198 213.63%
DJP iPath Bloomberg Commodity Index Total Return ETN 409,127 987,671 241.41%
LRGF iShares Edge MSCI Multifactor U.S.A. ETF 272,470 787,520 289.03%
RZV Invesco S&P SmallCap 600 Pure Value ETF 10,815 46,156 426.78%
HUSE US Market Rotation Strategy ETF 14,910 49,975 335.18%
CSD Invesco S&P Spin-Off ETF 4,449 9,261 208.14%
GAA Cambria Global Asset Allocation ETF 13,198 28,417 215.30%
PFI Invesco DWA Financial Momentum ETF 21,936 163,819 746.80%
IFGL iShares International Developed Real Estate ETF 59,133 151,346 255.94%

 

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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