US Equity ETFs Dominate Flows In Nov

December 01, 2015

Investors poured more than $26 billion into U.S.-listed ETFs in November, the majority of which landed in U.S. equity funds.

In recent months, appetite for U.S. stock exposure has been strong among ETF investors despite the fact that the S&P 500 is up merely 1% year-to-date. It seems that concerns about the global economy—renewed after the terrorist attacks in Paris last month—sluggish commodities prices and a slowdown in China have investors focused on the domestic front.

So far this year, more than $201 billion has flowed into U.S.-listed ETFs, putting within reach 2014’s asset-gathering record of $243 billion if December sees strong creations.

Top Flows

Some of the most popular equity ETFs in November included the iShares Russell 1000 (IWB | A-95), the iShares Russell 2000 (IWM | A-92) and the Vanguard S&P 500 (VOO | A-98), as the table below shows.

November also saw a complete reversal in demand for U.S. fixed-income ETFs. Last month, the asset class bled a net of $433 million in assets. Just a month prior, U.S. fixed income was the most popular ETF segment, raking in more than $11 billion.

As the market anticipates the Federal Reserve’s first interest-rate hike in some seven years, some of the biggest redemptions in November were funds tapping into various spots on the Treasury yield curve, from one- to three-month, the one- to three-year, the seven-to 10-year and 20+ years.

Still, the most popular ETF last month was an aggregate bond strategy, the iShares Core U.S. Aggregate Bond (AGG | A-98), which gathered $2.6 billion.

Total U.S.-listed ETF assets ended November at $2.150 trillion.

Contact Cinthia Murphy at [email protected].

Top Gainers

Ticker Fund Issuer Flows AUM ($M) Turnover
AGG iShares Core U.S. Aggregate Bond BlackRock 2,640.16 30,041.90 7,446.71
IWB iShares Russell 1000 BlackRock 2,524.65 15,100.11 5,139.73
IWM iShares Russell 2000 BlackRock 2,400.95 29,238.71 70,349.41
IEFA iShares Core MSCI EAFE BlackRock 1,634.78 8,701.90 2,957.36
EFA iShares MSCI EAFE BlackRock 1,016.70 58,435.66 23,687.10
VOO Vanguard S&P 500 Vanguard 929.69 39,510.41 7,516.99
USO United States Oil US Commodity Funds 890.46 3,291.78 7,412.61
VEA Vanguard FTSE Developed Markets Vanguard 831.34 28,940.20 4,213.51
IWF iShares Russell 1000 Growth BlackRock 824.52 31,123.66 4,732.25
QQQ PowerShares QQQ Invesco PowerShares 702.44 43,058.51 63,163.12

Biggest Losers

Ticker Fund Issuer Flows AUM ($M) Turnover
SHY iShares 1-3 Year Treasury Bond BlackRock -1,515.29 11,335.33 5,340.95
GLD SPDR Gold SSgA -1,315.80 22,347.58 11,423.52
XLU Utilities Select SPDR SSgA -890.59 5,740.17 10,845.00
IEF iShares 7-10 Year Treasury Bond BlackRock -866.87 8,315.07 4,120.46
JNK SPDR Barclays High Yield Bond SSgA -756.89 10,715.67 7,922.97
EEM iShares MSCI Emerging Markets BlackRock -584.51 21,971.95 42,917.06
BIL SPDR Barclays 1-3 Month T-Bill SSgA -566.51 2,179.06 2,211.68
TLT iShares 20+ Year Treasury Bond BlackRock -539.07 6,024.51 15,203.97
BKLN PowerShares Senior Loan Invesco PowerShares -495.85 4,320.28 1,052.25
XLP Consumer Staples Select SPDR SSgA -459.51 7,825.49 8,625.18

Asset Class

Asset Class Net Flows ($M) AUM ($M) % of AUM
U.S. Equity 19,269.90 1,198,588.60 1.61%
International Equity 5,317.91 493,140.26 1.08%
U.S. Fixed Income -433.20 329,655.23 -0.13%
International Fixed Income 917.79 27,622.49 3.32%
Commodities -300.40 47,277.75 -0.64%
Currency 550.75 1,901.61 28.96%
Leveraged 1,488.66 24,595.93 6.05%
Inverse -724.88 18,726.66 -3.87%
Asset Allocation 174.15 5,497.66 3.17%
Alternatives 22.92 3,100.57 0.74%
Total: 26,283.60 2,150,106.77 1.22%

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