## [# $24B Stampedes Into US Equity ETFs](/sections/weekly-etf-flows/24b-stampedes-us-equity-etfs) # $24B Stampedes Into US Equity ETFs ETF investors were crazy over U.S. equities, while shunning other asset classes. [![sumit](/sites/default/files/styles/author_image_icon/public/2023-03/Sumit_0.png?itok=SO-7S5SH "sumit")](/authors/sumit-roy) [By Sumit Roy ](/authors/sumit-roy) Nov 18, 2016 Edited by: Sumit Roy [ + Follow ](/etf/login) Share Email LinkedIn Facebook X (Twitter) googletag.cmd.push(function() { googletag.display('js-dfp-tag-article_page_302x26'); }); Loading The post-election stampede into ETFs continued this week as investors remained in an optimistic mood following Donald Trump's victory. In aggregate, $16.2 billion flowed into U.S.-listed exchange-traded funds in the week ending Thursday, Nov. 17, according to FactSet. That comes on top of the $23.9 billion that came into ETFs last week. Year-to-date inflows now total $214.4 billion. In contrast to last week, when ETFs across the board saw inflows, this week investors were almost exclsuively focused on U.S. stocks. ETFs related to U.S. equities had a whopping $24.1 billion worth of inflows in the period, as most of the major U.S. stock market indexes neared all-time highs. The Dow Jones industrial average hit a record 18,934 on Monday, while the S&P 500 rallied as high as 2,190 on Friday―just a smidgen off its all-time best level of 2,193 from August. Meanwhile, the small-cap Russell 2000 powered to a record high of its own for the first time since June 2015 after rallying for 10-straight sessions through Thursday. With all the bullish attention on U.S. stocks, investors shunned other types of ETFs. Tumbling bond prices (and surging interest rates)―as well as a spike to 14-year highs in the U.S. dollar―led investors to pull money out of everything from U.S. fixed-income ETFs to international equity ETFs. In total, international equity ETFs had outflows of $2.1 billion during the week; U.S. fixed-income ETFs had outflows of $3.1 billion; international fixed-income ETFs had outflows of $706 million; and commodity ETFs had outflows of $1.5 billion. **US Financials, Tech & Small-Caps In Vogue** With the Russell 2000 hitting an all-time high for the first time in 17 months, it's no surprise that the [iShares Russell 2000 ETF (IWM)](https://www.etf.com/IWM) had the largest inflows of any product, at $3.5 billion. Following at the No. 2 position was the [Financial Select Sector SPDR Fund (XLF)](https://www.etf.com/XLF), which garnered $2.7 billion worth of inflows on top of last week's $2.6 billion. Though the rally in the sector slowed this week, XLF's share price increased by about 1% week-over-week. The [Industrial Select Sector SPDR Fund (XLI)](https://www.etf.com/XLI) was another repeat-winner, with inflows of $1.2 billion. Some analysts believe Trump's anticipated infrastructure spending plan will benefit sectors such as industrials and materials. Meanwhile, on a percentage basis, the biggest winner on the top 10 inflows list was the [First Trust Nasdaq-100 Technology Sector Index Fund (QTEC)](https://www.etf.com/QTEC), with inflows of more than $700 million. Assets in the ETF nearly doubled in the past five trading sessions. After a rough week last week, large-cap tech stocks made a comeback, as investors reasoned that Trump's policies may not be as detrimental to the industry as feared. **Treasurys, Gold & Emerging Markets Shunned** It's no surprise that on the outflows side, the biggest losers were related to Treasurys, gold and emerging markets. The [iShares MSCI Emerging Markets ETF (EEM)](https://www.etf.com/EEM) was at the top of the losers heap, with outflows of $2.5 billion. The strong dollar and some of Trump's anticipated trade policies have weighed on emerging market equities. For similar reasons, the [iShares JP Morgan USD Emerging Markets Bond ETF (EMB)](https://www.etf.com/EMB) had outflows of more than $700 million during the week. A strong dollar makes servicing dollar-denominated debt more difficult for overseas borrowers. Two gold ETFs found themselves on the outflows list. The [SPDR Gold Trust (GLD)](https://www.etf.com/GLD) and the [iShares Gold Trust (IAU)](https://www.etf.com/IAU) had redemptions of $841 million and $643 million, respectively. Gold prices dropped to as low as $1,203 on Friday, the cheapest price since February. The rest of this week's outflows list was dominated by various bond ETFs. The [SPDR Barclays High Yield Bond ETF (JNK)](https://www.etf.com/JNK) and the [iShares iBoxx $ High Yield Corporate Bond ETF (HYG)](https://www.etf.com/HYG) each had outflows of more than $650 million; the [iShares 1-3 Year Treasury Bond ETF (SHY)](https://www.etf.com/SHY) saw outflows of $609 million; and the [iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD)](https://www.etf.com/LQD) saw outflows of $430 million. For a full list of this week's top inflows and outflows, see the tables below: Top 10 Creations (All ETFs) TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change[IWM](https://www.etf.com/IWM)[iShares Russell 2000 ETF](https://www.etf.com/IWM)3,530.7135,351.8411.10%[XLF](https://www.etf.com/XLF)[Financial Select Sector SPDR Fund](https://www.etf.com/XLF)2,727.0419,594.8116.17%[SPY](https://www.etf.com/SPY)[SPDR S&P 500 ETF Trust](https://www.etf.com/SPY)2,277.41210,943.081.09%[IVV](https://www.etf.com/IVV)[iShares Core S&P 500 ETF](https://www.etf.com/IVV)1,364.7784,780.421.64%[XLI](https://www.etf.com/XLI)[Industrial Select Sector SPDR Fund](https://www.etf.com/XLI)1,247.669,560.7715.01%[QQQ](https://www.etf.com/QQQ)[PowerShares QQQ Trust](https://www.etf.com/QQQ)1,245.2140,152.393.20%[DIA](https://www.etf.com/DIA)[SPDR Dow Jones Industrial Average ETF Trust](https://www.etf.com/DIA)775.0212,762.926.47%[IJR](https://www.etf.com/IJR)[iShares Core S&P Small Cap ETF](https://www.etf.com/IJR)751.2523,649.863.28%[QTEC](https://www.etf.com/QTEC)[First Trust NASDAQ-100 Technology Sector Index Fund](https://www.etf.com/QTEC)701.361,425.6896.83%[VTI](https://www.etf.com/VTI)[Vanguard Total Stock Market Index Fund](https://www.etf.com/VTI)675.4666,584.091.02%Top 10 Redemptions (All ETFs) TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change[EEM](https://www.etf.com/EEM)[iShares MSCI Emerging Markets ETF](https://www.etf.com/EEM)-2,523.3125,866.41-8.89%[GLD](https://www.etf.com/GLD)[SPDR Gold Trust](https://www.etf.com/GLD)-841.3536,376.40-2.26%[EMB](https://www.etf.com/EMB)[iShares JP Morgan USD Emerging Markets Bond ETF](https://www.etf.com/EMB)-704.038,561.45-7.60%[JNK](https://www.etf.com/JNK)[SPDR Barclays High Yield Bond ETF](https://www.etf.com/JNK)-676.9810,896.58-5.85%[HYG](https://www.etf.com/HYG)[iShares iBoxx $ High Yield Corporate Bond ETF](https://www.etf.com/HYG)-659.4615,965.90-3.97%[IAU](https://www.etf.com/IAU)[iShares Gold Trust](https://www.etf.com/IAU)-642.838,256.03-7.22%[FXD](https://www.etf.com/FXD)[First Trust Consumer Discretionary AlphaDEX Fund](https://www.etf.com/FXD)-636.67698.00-47.70%[SHY](https://www.etf.com/SHY)[iShares 1-3 Year Treasury Bond ETF](https://www.etf.com/SHY)-609.3310,829.88-5.33%[EFAV](https://www.etf.com/EFAV)[iShares MSCI EAFE Minimum Volatility ETF](https://www.etf.com/EFAV)-513.336,942.59-6.88%[LQD](https://www.etf.com/LQD)[iShares iBoxx $ Investment Grade Corporate Bond ETF](https://www.etf.com/LQD)-429.6329,449.24-1.44%ETF Weekly Flows By Asset Class Net Flows ($, mm)AUM ($, mm)% of AUM**U.S. Equity**24,080.131,374,695.081.75%**International Equity**-2,075.70488,644.76-0.42%**U.S. Fixed Income**-3,098.76401,379.94-0.77%**International Fixed Income**-705.9139,988.61-1.77%**Commodities**-1,515.8668,427.16-2.22%**Currency**-12.263,215.63-0.38%**Leveraged**390.1223,900.641.63%**Inverse**-712.0119,170.73-3.71%**Asset Allocation**6.956,319.450.11%**Alternatives**-136.854,050.61-3.38%**Total:****16,219.85****2,429,792.62****0.67%**Top 10 Volume Surprises, Funds >$50 mm AUM TickerNameAverage Volume (30 Day)1 Week Average Volume% of Average[COMT](https://www.etf.com/COMT)[iShares Commodities Select Strategy ETF](https://www.etf.com/COMT)193,2101,207,237624.83%[HOLD](https://www.etf.com/HOLD)[AdvisorShares Sage Core Reserves ETF](https://www.etf.com/HOLD)6,12125,373414.53%[VNQI](https://www.etf.com/VNQI)[Vanguard Global ex-US Real Estate Index Fund](https://www.etf.com/VNQI)546,4612,085,599381.66%[SIZE](https://www.etf.com/SIZE)[iShares MSCI USA Size Factor ETF](https://www.etf.com/SIZE)8,07040,898506.81%[JKL](https://www.etf.com/JKL)[iShares Morningstar Small Cap Value ETF](https://www.etf.com/JKL)7,77423,860306.91%[RCD](https://www.etf.com/RCD)[Guggenheim S&P 500 Equal Weight Consumer Discretionary ETF](https://www.etf.com/RCD)5,98322,142370.08%[MVV](https://www.etf.com/MVV)[ProShares Ultra MidCap400](https://www.etf.com/MVV)44,351126,306284.79%[UST](https://www.etf.com/UST)[ProShares Ultra 7-10 Year Treasury](https://www.etf.com/UST)21,29188,395415.18%[ONEY](https://www.etf.com/ONEY)[SPDR Russell 1000 Yield Focus](https://www.etf.com/ONEY)226601265.27%[ELD](https://www.etf.com/ELD)[WisdomTree Emerging Markets Local Debt Fund](https://www.etf.com/ELD)92,114384,460417.38%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. [ + Follow ](/etf/login) [ Sumit Roy Senior ETF Analyst ](/authors/sumit-roy) Sumit Roy is the senior ETF analyst for etf.com and author of (Don't) Invest Like a Pro. He creates a variety of content for the platform, including… [View Bio](/authors/sumit-roy) Related Topics [Equity](http://www.etf.com/topics/equity) [Bond](http://www.etf.com/topics/bond) [Fixed Income](http://www.etf.com/topics/fixed-income) [Gold](http://www.etf.com/topics/gold) [Precious Metals](http://www.etf.com/topics/precious-metals)