##  [# Weekly Flows Suggest Bargain Hunting In Miners, Selling In Utilities ](/sections/weekly-etf-flows/weekly-flows-suggest-bargain-hunting-miners-selling-utilities) 

 

# Weekly Flows Suggest Bargain Hunting In Miners, Selling In Utilities 

 

 

Inflows into U.S.-listed ETFs were positive for a seventh-straight week.



 

 

 

 

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[By ETF.com Staff](/contributors/etfcom-staff)

 Aug 26, 2016

 Edited by: ETF.com Staff

 

 

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The win streak for ETF flows continued this week, as investors added $1.5 billion into U.S.-listed exchange-traded funds, according to FactSet. For seven-straight weeks and counting, flows have been positive.

That said, unlike the across-the-board buying of past weeks, this week's flows were more uneven. In the week ending Thursday, Aug. 25, U.S. equity ETFs had outflows of $460 million; international equity ETFs had outflows of of nearly $300 million; and commodity ETFs had outflows of $260 million.

On the other hand, the $1.8 billion of inflows into U.S. fixed-income products more than made up for those outflows. International fixed-income products had inflows of about $220 million.

The renewed interest in fixed-income ETFs suggests that investors were feeling a bit nervous at the end of a quiet summer. According to CNBC, the S&amp;P 500 hasn't closed 1% higher or lower for 34-straight sessions through Friday.

**Bargain Hunting In Miners**

Interestingly, though they saw an outflow on the whole, certain U.S. equity ETFs did well this week. The [Vanguard S&amp;P 500 Index Fund (VOO)](https://www.etf.com/VOO), for example, topped the creations list, with inflows of $440 million.

That was followed by the [Energy Select Sector SPDR Fund (XLE)](https://etf.com/XLE), the largest ETF focused on energy stocks. Oil prices have had a great August thus far, rising almost 15% month-to-date.

Another inflows leaders this week was the [Direxion Daily Gold Miners Index Bull 3x Shares (NUGT)](https://etf.com/NUGT), with creations of $320 million. NUGT sold off more than 40% in the past two weeks, which may have prompted some traders to go bargain hunting.

Meanwhile, the [VanEck Vectors Gold Miners ETF (GDX)](https://etf.com/GDX), the largest miners fund, had inflows of $182 million this week, likely for similar reasons.

**USO &amp; Europe Out Of Favor**

In terms of outflows, the [iShares Russell 2000 ETF (IWM)](https://www.etf.com/IWM) led all ETFs in redemptions, at $1.1 billion.

At the same time, the [United States Oil Fund (USO)](https://etf.com/USO) had outflows of $320 million, which contrasts with the inflows that the aforementioned XLE had.

Also falling out of favor were international equity funds, such as the [iShares MSCI Eurozone ETF (EZU)](https://etf.com/EZU), the [Deutsche X-trackers MSCI Europe Hedged Equity ETF (DBEU)](https://etf.com/DBEU) and the [WisdomTree Japan Hedged Equity Fund (DXJ)](https://etf.com/DXJ), with outflows of $190 million to $280 million apiece.

Finally, the [Utilities Select Sector SPDR Fund (XLU)](https://etf.com/XLU) was another loser of note. The fund had redemptions of $260 million, as utility stocks sagged on the back of higher interest rates.

The U.S. 10-year bond yield was last trading at 1.63%, a two-month high, after Fed Chair Janet Yellen suggested the central bank could raise interest rates in the coming months.

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change[VOO](https://www.etf.com/VOO)[Vanguard S&amp;P 500 Index Fund](https://www.etf.com/VOO)442.8051,024.790.88%[XLE](https://www.etf.com/XLE)[Energy Select Sector SPDR Fund](https://www.etf.com/XLE)336.3514,881.042.31%[NUGT](https://www.etf.com/NUGT)[Direxion Daily Gold Miners Index Bull 3x Shares](https://www.etf.com/NUGT)322.107,389.084.56%[IJR](https://www.etf.com/IJR)[iShares Core S&amp;P Small Cap ETF](https://www.etf.com/IJR)303.2920,481.471.50%[AGG](https://www.etf.com/AGG)[iShares Core U.S. Aggregate Bond ETF](https://www.etf.com/AGG)258.9141,192.330.63%[VXX](https://www.etf.com/VXX)[iPath S&amp;P 500 VIX Short-Term Futures ETN](https://www.etf.com/VXX)227.651,833.2214.18%[QQQ](https://www.etf.com/QQQ)[PowerShares QQQ Trust](https://www.etf.com/QQQ)214.1140,563.330.53%[VCSH](https://www.etf.com/VCSH)[Vanguard Short-Term Corporate Bond Index Fund](https://www.etf.com/VCSH)185.3714,008.251.34%[GDX](https://www.etf.com/GDX)[VanEck Vectors Gold Miners ETF](https://www.etf.com/GDX)181.599,879.621.87%[JNK](https://www.etf.com/JNK)[SPDR Barclays High Yield Bond ETF](https://www.etf.com/JNK)164.0012,463.881.33%Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change[IWM](https://www.etf.com/IWM)[iShares Russell 2000 ETF](https://www.etf.com/IWM)-1,122.2028,245.00-3.82%[SPY](https://www.etf.com/SPY)[SPDR S&amp;P 500 ETF Trust](https://www.etf.com/SPY)-906.26198,816.23-0.45%[USO](https://www.etf.com/USO)[United States Oil Fund LP](https://www.etf.com/USO)-324.213,128.57-9.39%[EZU](https://www.etf.com/EZU)[iShares MSCI Eurozone ETF](https://www.etf.com/EZU)-277.968,362.88-3.22%[DBEU](https://www.etf.com/DBEU)[Deutsche X-trackers MSCI Europe Hedged Equity ETF](https://www.etf.com/DBEU)-270.162,641.83-9.28%[XLU](https://www.etf.com/XLU)[Utilities Select Sector SPDR Fund](https://www.etf.com/XLU)-263.097,959.95-3.20%[DXJ](https://www.etf.com/DXJ)[WisdomTree Japan Hedged Equity Fund](https://www.etf.com/DXJ)-192.456,810.08-2.75%[DIA](https://www.etf.com/DIA)[SPDR Dow Jones Industrial Average ETF Trust](https://www.etf.com/DIA)-186.3412,161.88-1.51%[XLF](https://www.etf.com/XLF)[Financial Select Sector SPDR Fund](https://www.etf.com/XLF)-175.2715,691.21-1.10%[UWTI](https://www.etf.com/UWTI)[VelocityShares 3x Long Crude Oil ETN](https://www.etf.com/UWTI)-171.021,212.25-12.36%ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM**U.S. Equity**-455.181,331,288.31-0.03%**International Equity**-297.90510,025.67-0.06%**U.S. Fixed Income**1,822.49402,751.320.45%**International Fixed Income**216.3140,918.240.53%**Commodities**-255.7275,536.77-0.34%**Currency**-18.941,436.66-1.32%**Leveraged**-51.4027,215.49-0.19%**Inverse**239.1619,353.251.24%**Asset Allocation**83.116,410.841.30%**Alternatives**227.944,358.225.23%**Total:****1,509.86****2,419,294.77****0.06%**Top 10 Volume Surprises, Funds &gt;$50 mm AUM

TickerNameAverage Volume  
(30 Day)1 Week Average  
Volume% of Average[PXSV](https://www.etf.com/PXSV)[PowerShares Russell 2000 Pure Value Portfolio](https://www.etf.com/PXSV)11,28735,320312.93%[INKM](https://www.etf.com/INKM)[SPDR SSgA Income Allocation ETF](https://www.etf.com/INKM)10,26436,952360.03%[MDD](https://www.etf.com/MDD)[SPDR S&amp;P International Mid Cap ETF](https://www.etf.com/MDD)13,53247,383350.14%[GURU](https://www.etf.com/GURU)[Global X Guru Index ETF](https://www.etf.com/GURU)28,19870,932251.55%[FSZ](https://www.etf.com/FSZ)[First Trust Switzerland AlphaDEX Fund](https://www.etf.com/FSZ)8,83721,303241.06%[IBME](https://www.etf.com/IBME)[iShares iBonds Sep 2016 Term Muni Bond ETF](https://www.etf.com/IBME)10,63823,202218.10%[GAL](https://www.etf.com/GAL)[SPDR SSgA Global Allocation ETF](https://www.etf.com/GAL)19,10840,752213.26%[MBG](https://www.etf.com/MBG)[SPDR Barclays Mortgage Backed Bond ETF](https://www.etf.com/MBG)20,13640,199199.63%[BSCM](https://www.etf.com/BSCM)[Guggenheim BulletShares 2022 Corporate Bond ETF](https://www.etf.com/BSCM)76,499150,527196.77%[BWX](https://www.etf.com/BWX)[SPDR Barclays International Treasury Bond ETF](https://www.etf.com/BWX)305,725639,643209.22%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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