2017 ETF Inflows Big Record Breaker

December 29, 2017

[Editor's Note: The article and tables were updated on Jan. 2 to include the complete data for 2017.]

Flows into exchange-traded funds finished the year just how they started―on a tear. A whopping $52 billion of new money came into U.S.-listed ETFs during December, pushing inflows for the year as a whole to $476.1 billion. Total assets now top $3.4 trillion.

The data, which comes from FactSet, includes flows for every trading day of 2017. The $476.1 billion figure was far and away a record for annual inflows, blowing past the previous all-time high from last year of $287.5 billion.

US Equity ETFs The Most Popular
A strong December propelled U.S. equities into the lead as the most popular asset class among ETF investors. That segment collected $180.2 billion of fresh money during the year thanks to steady gains in the stock market―the S&P 500 ended the year up by 21.8%―with record low volatility.  The passage of the Republican tax bill in December raised hopes that the rally could continue in 2018.

The top asset gainer of the year was a U.S. equity ETF tracking the venerable S&P 500: The iShares Core S&P 500 ETF (IVV) had inflows of $30.2 billion, bringing its total assets under management to $142.2 billion. IVV is the second ETF in history to surpass the $100 billion AUM mark.

The Vanguard S&P 500 ETF (VOO) and the SPDR S&P 500 ETF Trust (SPY) were the only two other U.S. equity ETFs to make the top 10 inflows list for the year.

Investors Go Global
The second-most-popular asset class among ETF investors was international equities, which took in $161.6 billion. In many cases, international equities performed better than their U.S. counterparts.

For example, the iShares Core MSCI Emerging Markets ETF (IEMG) and the Vanguard FTSE Emerging Markets ETF (VWO) both increased by more than 30%. They were also popular among investors, with 2017 inflows of $16.6 billion and $9.3 billion, respectively.

But the fund to take the mantle of the most popular international ETF was the iShares Core MSCI EAFE ETF (IEFA), with creations of $20.9 billion.

Other Noteworthy Funds
Other noteworthy funds on the top inflows list include the iShares Core U.S. Aggregate Bond ETF (AGG) and the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD), which took in $11 billion each. The benchmark 10-year Treasury bond yield edged down from 2.44% at the start of the year to 2.41% at the end of the year.

Meanwhile, the VanEck Vectors Gold Miners ETF (GDX), the WisdomTree Europe Hedged Equity Fund (HEDJ) and the Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) were the three ETFs to see the largest outflows during the year, losing between $1.8 billion and $3 billion apiece.

For a full list of the top inflows and outflows for the year, see the tables below:

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 180,188.03 1,932,616.52 9.32%
International Equity 161,632.21 800,495.51 20.19%
U.S. Fixed Income 108,493.07 523,220.13 20.74%
International Fixed Income 17,298.74 58,601.46 29.52%
Commodities 1,475.68 66,482.82 2.22%
Currency -244.13 1,244.88 -19.61%
Leveraged 3,590.07 34,129.04 10.52%
Inverse 612.94 15,032.24 4.08%
Asset Allocation 1,541.05 8,873.64 17.37%
Alternatives 1,523.49 4,177.94 36.47%
Total: 476,111.16 3,444,874.16 13.82%

 

Top Gainers (Year-to-Date)

Ticker Name Issuer Net Flows ($,mm) AUM ($M) % of AUM December 2017 Net Flows($,M)
IVV iShares Core S&P 500 ETF BlackRock 30,236.81 142,215.64 27.00% 284.48
IEFA iShares Core MSCI EAFE ETF BlackRock 20,879.63 42,094.27 98.42% 800.90
VEA Vanguard FTSE Developed Markets ETF Vanguard 17,465.50 68,441.21 34.26% 1,223.85
IEMG iShares Core MSCI Emerging Markets ETF BlackRock 16,575.13 42,604.14 63.68% 1,098.53
VOO Vanguard S&P 500 ETF Vanguard 14,792.27 84,106.22 21.34% 871.61
EFA iShares MSCI EAFE ETF BlackRock 11,197.11 84,487.65 15.28% 1,507.04
AGG iShares Core U.S. Aggregate Bond ETF BlackRock 10,975.61 52,946.87 26.15% 686.94
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF BlackRock 10,789.20 39,008.39 38.23% -653.40
SPY SPDR S&P 500 ETF Trust State Street Global Advisors 10,579.75 278,971.72 3.94% 20,859.56
VWO Vanguard FTSE Emerging Markets ETF Vanguard 9,264.97 66,388.41 16.22% -353.57

 

Biggest Losers (Year-to-Date)

Ticker Name Issuer Net Flows ($,mm) AUM ($M) % of AUM December 2017 Net Flows($,M)
GDX VanEck Vectors Gold Miners ETF VanEck -2,993.69 7,560.68 -28.36% -551.74
HEDJ WisdomTree Europe Hedged Equity Fund WisdomTree -2,643.85 7,606.69 -25.79% -995.25
DBEF Xtrackers MSCI EAFE Hedged Equity ETF Deutsche Bank -1,790.75 6,950.07 -20.49% -70.49
HYG iShares iBoxx $ High Yield Corporate Bond ETF BlackRock -1,404.79 17,631.31 -7.38% -1,926.91
FXU First Trust Utilities AlphaDEX Fund First Trust -1,192.89 285.19 -80.71% -52.68
FXN First Trust Energy AlphaDEX Fund First Trust -1,155.64 234.06 -83.16% -9.75
USO United States Oil Fund LP US Commodity Funds -1,142.91 2,029.96 -36.02% -188.92
CIU iShares Intermediate Credit Bond ETF BlackRock -1,074.71 7,715.23 -12.23% -613.46
IWF iShares Russell 1000 Growth ETF BlackRock -1,005.90 40,524.84 -2.42% 81.26
EWW iShares MSCI Mexico ETF BlackRock -907.74 1,072.43 -45.84% 29.32

 

Asset Classes (December 2017)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 34,059.65 1,932,616.52 1.76%
International Equity 12,573.26 800,495.51 1.57%
U.S. Fixed Income 4,498.27 523,220.13 0.86%
International Fixed Income 1,686.88 58,601.46 2.88%
Commodities -95.11 66,482.82 -0.14%
Currency -63.47 1,244.88 -5.10%
Leveraged 707.45 34,129.04 2.07%
Inverse -1,369.31 15,032.24 -9.11%
Asset Allocation 6.06 8,873.64 0.07%
Alternatives -22.50 4,177.94 -0.54%
Total: 51,981.17 3,444,874.16 1.51%

 

Top Gainers (December 2017)

Ticker Name Issuer Net Flows ($,mm) AUM ($M) % of AUM YTD 2017 Net Flows($,M)
SPY SPDR S&P 500 ETF Trust State Street Global Advisors 20,859.56 278,971.72 8.08% 10,579.75
DIA SPDR Dow Jones Industrial Average ETF Trust State Street Global Advisors 1,588.01 22,395.22 7.63% 3,545.95
EFA iShares MSCI EAFE ETF BlackRock 1,507.04 84,487.65 1.82% 11,197.11
SHV iShares Short Treasury Bond ETF BlackRock 1,289.74 7,989.73 19.25% 4,014.08
VEA Vanguard FTSE Developed Markets ETF Vanguard 1,223.85 68,441.21 1.82% 17,465.50
IWD iShares Russell 1000 Value ETF BlackRock 1,131.14 41,365.00 2.81% 2,410.93
IEMG iShares Core MSCI Emerging Markets ETF BlackRock 1,098.53 42,604.14 2.65% 16,575.13
XLP Consumer Staples Select Sector SPDR Fund State Street Global Advisors 979.55 9,457.07 11.55% 469.20
VOO Vanguard S&P 500 ETF Vanguard 871.61 84,106.22 1.05% 14,792.27
VTI Vanguard Total Stock Market ETF Vanguard 852.54 92,354.97 0.93% 8,312.67

 

Biggest Losers (December 2017)

Ticker Name Issuer Net Flows ($,mm) AUM ($M) % of AUM YTD 2017 Net Flows($,M)
IWM iShares Russell 2000 ETF BlackRock -2,749.35 43,667.75 -5.92% 199.01
HYG iShares iBoxx $ High Yield Corporate Bond ETF BlackRock -1,926.91 17,631.31 -9.85% -1,404.79
QQQ PowerShares QQQ Trust Invesco PowerShares -1,152.84 58,870.07 -1.92% 3,496.03
HEDJ WisdomTree Europe Hedged Equity Fund WisdomTree -995.25 7,606.69 -11.57% -2,643.85
XLI Industrial Select Sector SPDR Fund State Street Global Advisors -816.34 12,566.86 -6.10% 194.68
USMV iShares Edge MSCI Min Vol USA ETF BlackRock -787.92 15,096.43 -4.96% 632.38
XLV Health Care Select Sector SPDR Fund State Street Global Advisors -717.30 16,640.14 -4.13% 177.62
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF BlackRock -653.40 39,008.39 -1.65% 10,789.20
CIU iShares Intermediate Credit Bond ETF BlackRock -613.46 7,715.23 -7.37% -1,074.71
GDX VanEck Vectors Gold Miners ETF VanEck -551.74 7,560.68 -6.80% -2,993.69

 

 

 

December 2017 League Table

Issuer Net Flows ($,M) AUM ($,M) % of AUM YTD 2017 Net Flows($,M)
BlackRock 8,003.01 1,352,475.29 0.59% 203,033.91
Vanguard 10,554.19 856,909.28 1.23% 139,397.74
State Street Global Advisors 28,530.95 624,685.06 4.57% 41,469.46
Invesco PowerShares -1,261.85 138,998.88 -0.91% 9,588.85
Charles Schwab 3,248.55 99,256.35 3.27% 27,459.02
First Trust 984.28 57,626.26 1.71% 9,174.47
WisdomTree -675.18 46,727.53 -1.44% 441.08
Guggenheim 156.33 38,445.93 0.41% 4,085.08
VanEck -26.28 34,305.95 -0.08% 2,454.45
ProShares -774.31 29,102.44 -2.66% 2,067.66
Northern Trust 147.48 16,072.81 0.92% 2,682.69
PIMCO 232.78 14,843.78 1.57% 2,167.89
ALPS 577.24 14,604.60 3.95% 2,756.78
Deutsche Bank -68.45 13,413.26 -0.51% -1,872.41
Direxion 62.94 12,698.08 0.50% 557.98
Fidelity 376.11 8,873.81 4.24% 2,592.07
Global X 327.74 8,630.60 3.80% 4,280.68
UBS -20.11 7,381.37 -0.27% 164.17
Barclays Bank PLC -84.24 6,994.95 -1.20% 855.92
Goldman Sachs 123.06 6,543.99 1.88% 2,710.61
JPMorgan -293.07 6,228.60 -4.71% 1,363.59
Credit Suisse 257.22 5,648.32 4.55% 2,458.81
Exchange Traded Concepts 78.78 4,891.40 1.61% 2,089.03
IndexIQ 86.77 3,562.05 2.44% 1,025.11
US Commodity Funds -76.87 3,476.75 -2.21% -1,058.89
ETF Securities -9.65 2,643.97 -0.36% 243.65
OppenheimerFunds 18.47 2,493.53 0.74% 644.47
Victory Capital Management 72.96 2,258.71 3.23% 1,083.69
The Principal Financial Group 408.49 2,185.73 18.69% 1,489.50
ETF Managers Group 46.17 1,778.80 2.60% 646.23
KraneShares 34.00 1,576.42 2.16% 1,052.82
Pacer Financial 122.49 1,576.31 7.77% 621.48
Columbia -4.44 1,350.78 -0.33% 153.16
John Hancock 12.34 1,085.15 1.14% 274.68
AdvisorShares -27.05 1,079.61 -2.51% 27.99
Virtus 55.47 1,041.99 5.32% 586.75
Franklin Templeton 122.85 1,015.09 12.10% 277.91
Millington Securities Inc -9.86 1,006.00 -0.98% -116.17
Transamerica -0.07 857.52 -0.01% 792.41
ARK 162.74 843.41 19.30% 668.23
Northern Lights 25.05 788.67 3.18% 593.20
Cambria 23.66 701.91 3.37% 291.53
Legg Mason 30.21 672.79 4.49% 482.41
CitiGroup -71.85 661.68 -10.86% 204.78
FQF Trust 90.64 642.74 14.10% 157.21
Highland Capital Management -23.55 564.30 -4.17% 99.91
Nuveen 9.41 412.43 2.28% 219.37
Hartford 13.04 366.13 3.56% 173.68
USAA Asset Management 144.35 363.82 39.68% 277.66
Davis 49.85 360.19 13.84% 290.29
Nationwide Fund Advisors -2.69 351.90 -0.76% 336.02
Swedish Export Credit 0.00 348.39 0.00% -11.72
Janus Henderson -7.85 335.55 -2.34% 187.74
Alpha Architect 28.29 332.67 8.50% 144.05
Innovator Capital Management 28.82 307.95 9.36% 236.31
Horizons 4.97 260.39 1.91% 104.60
Elkhorn 6.98 227.67 3.07% 93.84
Amplify 10.79 189.50 5.70% 151.56
Arrow Investment Advisors 32.32 165.33 19.55% 49.97
Teucrium -1.98 144.34 -1.37% 5.71
Merk 0.04 136.41 0.03% 10.18
Montage Managers 35.81 123.02 29.11% 68.60
US Global Investors -9.96 115.76 -8.60% 37.76
ClearShares 1.32 112.92 1.17% 104.88
OSI ETF Trust 27.13 104.94 25.85% 94.91
Reality Shares 3.34 99.00 3.37% 46.15
Strategy Shares 5.12 78.01 6.56% 58.94
Morgan Stanley -0.00 77.46 -0.00% -17.10
Aptus Capital Advisors 2.71 58.29 4.65% 25.42
EntrepreneurShares, LLC 8.35 53.75 15.54% 49.58
ACSI Funds 0.00 50.45 0.00% 32.38
OBP Capital LLC 9.93 50.31 19.73% 47.41
BMO 0.00 48.60 0.00% 0.00
TrimTabs Asset Management 1.51 47.74 3.16% 35.48
Natixis 17.51 37.73 46.41% 19.80
Point Bridge Capital 1.37 34.31 3.99% 31.41
GraniteShares 1.75 29.53 5.93% 15.97
AlphaMark Advisors -1.29 27.48 -4.68% -1.29
Janus 0.00 26.40 0.00% 13.93
Validea Capital Management 0.00 26.19 0.00% 1.36
Renaissance Capital 1.38 20.81 6.65% 1.63
Premise Capital 1.50 19.45 7.69% 12.65
Diamond Hill 0.00 18.99 0.00% -1.56
Active Weighting Advisors 11.23 18.36 61.15% 11.77
CSOP 0.00 10.23 0.00% -0.58
Sage Advisory Services 0.00 9.94 0.00% 0.00
StrongVest 0.00 8.95 0.00% 7.56
LocalShares 0.00 8.43 0.00% 0.00
Advisors Asset Management 0.00 5.20 0.00% 0.00
USCF Advisers 0.00 5.17 0.00% 0.00
AlphaClone -0.01 4.96 -0.19% 1.45
SerenityShares -0.00 4.07 -0.04% 1.34
SL Advisors 0.00 3.90 0.00% 0.00
Change Finance 0.00 2.82 0.00% 2.71

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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