$10B Weekly Inflows As Stocks Near Highs
ETF investors were confident as the market rallied close to a record high.
The U.S. stock market challenged its all-time highs this week, prompting investors to add a cool $10.3 billion to ETFs. U.S. equity ETFs garnered net inflows of $8.5 billion, while international equity ETFs picked up $1.2 billion, according to the latest data from FactSet.
The data, which measure the week ending Thursday, Aug. 9, also showed a $749 million net inflow for U.S. fixed-income ETFs.
For 2018 as a whole, net inflows into U.S.-listed ETFs now total $155.6 billion. For context, inflows totaled $285.1 billion during the same period in 2017, a record year for flows that was juiced by the fiduciary rule and an ever-climbing stock market.
Inflows For ‘IVV’ As S&P Nears Record
The usual suspects topped the inflows list for the week, such as the Invesco QQQ Trust (QQQ) and the iShares Core S&P 500 ETF (IVV).
The S&P 500 briefly reached as high as 2,863 during the week, just a smidgen below its record level of 2,873 set in late January.
Other ETFs to make the top weekly inflows list included the Financial Select Sector SPDR Fund (XLF), the iShares iBoxx USD High Yield Corporate Bond ETF (HYG), the iShares U.S. Real Estate ETF (IYR) and the Vanguard Short-Term Bond ETF (BSV).
Meanwhile, the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), the SPDR Gold Trust (GLD) and the Invesco Senior Loan ETF (BKLN) filled out the top three spots on the weekly outflows list.
For a full list of the top inflows and outflows of the week, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| QQQ | Invesco QQQ Trust | 1,604.52 | 70,757.01 | 2.32% |
| IVV | iShares Core S&P 500 ETF | 933.13 | 155,858.81 | 0.60% |
| XLF | Financial Select Sector SPDR Fund | 861.36 | 32,708.05 | 2.70% |
| SPY | SPDR S&P 500 ETF Trust | 755.75 | 275,422.48 | 0.28% |
| VOO | Vanguard S&P 500 ETF | 665.90 | 96,906.46 | 0.69% |
| IEFA | iShares Core MSCI EAFE ETF | 639.66 | 58,981.37 | 1.10% |
| HYG | iShares iBoxx USD High Yield Corporate Bond ETF | 471.67 | 16,346.64 | 2.97% |
| IYR | iShares U.S. Real Estate ETF | 454.01 | 4,710.07 | 10.67% |
| BSV | Vanguard Short-Term Bond ETF | 358.85 | 25,867.92 | 1.41% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 286.40 | 49,647.03 | 0.58% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | -437.04 | 34,098.92 | -1.27% |
| GLD | SPDR Gold Trust | -414.15 | 30,566.46 | -1.34% |
| BKLN | Invesco Senior Loan ETF | -350.88 | 7,524.71 | -4.46% |
| XLK | Technology Select Sector SPDR Fund | -313.24 | 23,078.03 | -1.34% |
| DIA | SPDR Dow Jones Industrial Average ETF Trust | -307.27 | 21,703.35 | -1.40% |
| SCZ | iShares MSCI EAFE Small-Cap ETF | -300.83 | 10,769.08 | -2.72% |
| TIP | iShares TIPS Bond ETF | -278.04 | 23,590.84 | -1.16% |
| IVW | iShares S&P 500 Growth ETF | -257.81 | 22,263.23 | -1.14% |
| XLE | Energy Select Sector SPDR Fund | -257.07 | 18,642.49 | -1.36% |
| IGSB | iShares Short-Term Corporate Bond ETF | -233.10 | 10,242.56 | -2.23% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 8,468.30 | 2,111,684.62 | 0.40% |
| International Equity | 1,222.07 | 805,662.19 | 0.15% |
| U.S. Fixed Income | 749.03 | 581,555.40 | 0.13% |
| International Fixed Income | -6.89 | 63,645.92 | -0.01% |
| Commodities | -459.28 | 61,701.61 | -0.74% |
| Currency | -9.87 | 1,128.57 | -0.87% |
| Leveraged | 148.72 | 37,869.96 | 0.39% |
| Inverse | 109.46 | 12,886.78 | 0.85% |
| Asset Allocation | 0.35 | 9,469.12 | 0.00% |
| Alternatives | 124.12 | 4,468.28 | 2.78% |
| Total: | 10,346.02 | 3,690,072.44 | 0.28% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 58,228.01 | 2,111,684.62 | 2.76% |
| International Equity | 33,963.05 | 805,662.19 | 4.22% |
| U.S. Fixed Income | 49,405.29 | 581,555.40 | 8.50% |
| International Fixed Income | 7,367.77 | 63,645.92 | 11.58% |
| Commodities | 267.48 | 61,701.61 | 0.43% |
| Currency | -60.16 | 1,128.57 | -5.33% |
| Leveraged | 3,033.64 | 37,869.96 | 8.01% |
| Inverse | 2,417.81 | 12,886.78 | 18.76% |
| Asset Allocation | 640.86 | 9,469.12 | 6.77% |
| Alternatives | 292.37 | 4,468.28 | 6.54% |
| Total: | 155,556.12 | 3,690,072.44 | 4.22% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
| XRLV | Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF | 52,382 | 216,525 | 413.36% |
| BCM | iPath Pure Beta Broad Commodity ETN | 3,904 | 12,946 | 331.59% |
| EWO | iShares MSCI Austria ETF | 216,203 | 769,159 | 355.76% |
| TUZ | PIMCO 1-3 Year US Treasury Index ETF | 6,020 | 16,225 | 269.53% |
| ROAM | Hartford Multifactor Emerging Markets ETF | 8,428 | 20,203 | 239.71% |
| CORP | PIMCO Investment Grade Corporate Bond Index ETF | 51,825 | 135,599 | 261.65% |
| PSCE | Invesco S&P SmallCap Energy ETF | 39,687 | 127,048 | 320.12% |
| ENTR | ERShares Entrepreneur 30 ETF | 5,609 | 10,211 | 182.05% |
| XMLV | Invesco S&P MidCap Low Volatility ETF | 144,168 | 294,467 | 204.25% |
| MXI | iShares Global Materials ETF | 30,902 | 57,076 | 184.70% |
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.
