## [# 'QQQ' Fuels Positive Weekly Flows Despite Heavy Selling In 'SPY'](/sections/weekly-etf-flows/qqq-fuels-positive-weekly-flows-despite-heavy-selling-spy) # 'QQQ' Fuels Positive Weekly Flows Despite Heavy Selling In 'SPY' Inflows into U.S.-listed ETFs remained in positive territory this week despite a big outflow from the world's largest ETF. [![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) Jan 13, 2017 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 pace of inflows into U.S.-listed ETFs slowed last week, but remained in positive territory. Altogether, investors added $5 billion into ETFs during the week ending Thursday, Jan. 12, according to FactSet. For a change, U.S. equity ETFs registered a net outflow, losing almost $300 million during the week. The S&P 500 challenged its record high near 2,280 multiple times during the week, but was unable to decisively break out. Picking up the slack were international equity ETFs, which took in $4.5 billion during the period and broadly rallied thanks to a pullback in the U.S. dollar. The British FTSE 100 hit record highs, rallying for 14-straight days, the [longest winning streak](https://www.reuters.com/article/britain-stocks-idUSL5N1F31ZU?feedType=RSS&feedName=hotStocksNews) ever. Meanwhile, U.S. fixed-income ETFs had inflows of $737 million; international fixed-income ETFs had inflows of $178 million; and commodity ETFs had outflows of $398 million. The U.S. 10-year bond yield was slightly lower week-over-week at 2.4%. **QQQ Tops Inflows List As Nasdaq Hits Record High** The tech-heavy [PowerShares QQQ Trust (QQQ) ](https://www.etf.com/QQQ)took the No. 1 spot on the weekly inflows list, with creations of $1.2 billion. The ETF's underlying index, the Nasdaq-100, hit an all-time high during the week. Two emerging market ETFs also made the top 10, the [iShares Core MSCI Emerging Markets ETF (IEMG)](https://www.etf.com/IEMG) and the [Vanguard FTSE Emerging Markets ETF (VWO)](https://www.etf.com/VWO), with inflows of $839 million and $376 million, respectively. Two EAFE funds were also on the list: the [iShares MSCI EAFE ETF (EFA)](https://www.etf.com/EFA) and its cheaper counterpart, the [iShares Core MSCI EAFE ETF (IEFA)](https://www.etf.com/IEFA), with creations of $531 million and $428 million, respectively. Rounding out the top 10 were a pair of sector ETFs, the [Consumer Discretionary Select Sector SPDR Fund (XLY)](https://www.etf.com/XLY), with inflows of $494 million; and the [Industrial Select Sector SPDR Fund (XLI)](https://www.etf.com/XLI), with inflows of $352 million. **SPY & Factor ETFs See Outflows** On the outflows side, the [SPDR S&P 500 ETF (SPY)](https://www.etf.com/SPY) saw a whopping $6.1 billion come out of the fund. Profit-taking is the most likely explanation for the big outflows from the world's largest ETF. A number of other broad U.S. equity ETFs also saw outflows during the period, including the factor-targeting [iShares Russell 1000 Growth ETF (IWF)](https://www.etf.com/IWF) and the [iShares Russell 1000 Value ETF (IWD)](https://www.etf.com/IWD). IWF had redemptions of $854 million, while IWD had redemptions of $311 million during the period. The only two fixed-income ETFs on the outflows list were the [SPDR Barclays High Yield Bond ETF (JNK)](https://www.etf.com/JNK) and the [iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD)](https://www.etf.com/LQD), with outflows of more than $400 million each. The [SPDR Gold Trust (GLD)](https://www.etf.com/GLD) was the only commodity fund on the list; it had redemptions of $325 million, despite the fact that gold prices hit their highest levels since November during the week, around $1,200/oz. Finally, after doubling its assets last week, the [SPDR S&P Retail ETF (XRT)](https://www.etf.com/XRT) saw outflows of more than $330 million this week, representing 39% of its AUM. The ETF routinely [sees big inflows and outflows](https://www.etf.com/sections/blog/why-retail-etf-doubled-its-assets-week) as traders hop in and out of the fund. For a full list of this week's top inflows and outflows, see the tables below: Top 10 Creations (All ETFs) TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change[QQQ](https://www.etf.com/QQQ)[PowerShares QQQ Trust](https://www.etf.com/QQQ)1,164.3443,514.482.75%[IEMG](https://www.etf.com/IEMG)[iShares Core MSCI Emerging Markets ETF](https://www.etf.com/IEMG)838.7319,342.184.53%[IJR](https://www.etf.com/IJR)[iShares Core S&P Small Cap ETF](https://www.etf.com/IJR)794.9827,427.532.98%[IJH](https://www.etf.com/IJH)[iShares Core S&P Mid-Cap ETF](https://www.etf.com/IJH)788.0136,207.282.22%[VOO](https://www.etf.com/VOO)[Vanguard S&P 500 Index Fund](https://www.etf.com/VOO)742.7859,092.011.27%[EFA](https://www.etf.com/EFA)[iShares MSCI EAFE ETF](https://www.etf.com/EFA)531.3460,874.840.88%[XLY](https://www.etf.com/XLY)[Consumer Discretionary Select Sector SPDR Fund](https://www.etf.com/XLY)494.1811,678.794.42%[IEFA](https://www.etf.com/IEFA)[iShares Core MSCI EAFE ETF](https://www.etf.com/IEFA)427.5616,486.932.66%[VWO](https://www.etf.com/VWO)[Vanguard FTSE Emerging Markets ETF](https://www.etf.com/VWO)376.1445,877.590.83%[XLI](https://www.etf.com/XLI)[Industrial Select Sector SPDR Fund](https://www.etf.com/XLI)351.8410,820.223.36%Top 10 Redemptions (All ETFs) TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change[SPY](https://www.etf.com/SPY)[SPDR S&P 500 ETF Trust](https://www.etf.com/SPY)-6,069.61224,404.34-2.63%[IWF](https://www.etf.com/IWF)[iShares Russell 1000 Growth ETF](https://www.etf.com/IWF)-853.6232,277.62-2.58%[JNK](https://www.etf.com/JNK)[SPDR Barclays High Yield Bond ETF](https://www.etf.com/JNK)-403.8312,157.46-3.21%[LQD](https://www.etf.com/LQD)[iShares iBoxx $ Investment Grade Corporate Bond ETF](https://www.etf.com/LQD)-400.8726,838.19-1.47%[IWM](https://www.etf.com/IWM)[iShares Russell 2000 ETF](https://www.etf.com/IWM)-364.7639,111.15-0.92%[IVV](https://www.etf.com/IVV)[iShares Core S&P 500 ETF](https://www.etf.com/IVV)-353.8692,020.67-0.38%[MDY](https://www.etf.com/MDY)[SPDR S&P Midcap 400 ETF Trust](https://www.etf.com/MDY)-350.8219,382.10-1.78%[XRT](https://www.etf.com/XRT)[SPDR S&P Retail ETF](https://www.etf.com/XRT)-334.31527.18-38.81%[GLD](https://www.etf.com/GLD)[SPDR Gold Trust](https://www.etf.com/GLD)-324.9230,498.78-1.05%[IWD](https://www.etf.com/IWD)[iShares Russell 1000 Value ETF](https://www.etf.com/IWD)-310.9634,867.63-0.88%ETF Weekly Flows By Asset Class Net Flows ($, mm)AUM ($, mm)% of AUM**U.S. Equity**-298.071,509,853.09-0.02%**International Equity**4,487.16522,335.620.86%**U.S. Fixed Income**736.90415,473.260.18%**International Fixed Income**177.8640,795.610.44%**Commodities**-397.8660,616.81-0.66%**Currency**32.523,143.381.03%**Leveraged**-53.2324,785.48-0.21%**Inverse**346.8016,405.352.11%**Asset Allocation**-98.376,757.61-1.46%**Alternatives**57.143,801.821.50%**Total:****4,990.85****2,603,968.02****0.19%**Top 10 Volume Surprises, Funds >$50 mm AUM TickerNameAverage Volume (30 Day)1 Week Average Volume% of Average[PPH](https://www.etf.com/PPH)[VanEck Vectors Pharmaceutical ETF](https://www.etf.com/PPH)185,298799,986431.73%[REET](https://www.etf.com/REET)[iShares Global REIT ETF](https://www.etf.com/REET)179,926746,074414.66%[PDBC](https://www.etf.com/PDBC)[PowerShares DB Optimum Yield Diversified Commodity Strategy Portfolio](https://www.etf.com/PDBC)303,440893,853294.57%[ITR](https://www.etf.com/ITR)[SPDR Barclays Intermediate Term Corporate Bond ETF](https://www.etf.com/ITR)415,4701,218,389293.26%[NORW](https://www.etf.com/NORW)[Global X MSCI Norway ETF](https://www.etf.com/NORW)93,658242,266258.67%[IBMJ](https://www.etf.com/IBMJ)[iShares iBonds Dec 2021 Term Muni Bond ETF](https://www.etf.com/IBMJ)46,560108,876233.84%[FIEE](https://www.etf.com/FIEE)[UBS AG FI Enhanced Europe 50 ETN](https://www.etf.com/FIEE)4,85410,233210.82%[LIT](https://www.etf.com/LIT)[Global X Lithium ETF](https://www.etf.com/LIT)82,299222,138269.92%[IBMH](https://www.etf.com/IBMH)[iShares iBonds Sep 2019 Term Muni Bond ETF](https://www.etf.com/IBMH)56,383118,358209.92%[IBMI](https://www.etf.com/IBMI)[iShares iBonds Sep 2020 Term Muni Bond ETF](https://www.etf.com/IBMI)55,284124,996226.10%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) [Junk Bond](http://www.etf.com/topics/junk-bond) [Treasury](http://www.etf.com/topics/treasury)