2018 ETF Flows Top $100B
Year-to-date inflows cross the $100 billion mark for the first time.
With a spectacular $15 billion in inflows, the week ending May 17 pushed year-to-date flows into ETFs above $100 billion to total $108.5 billion. Most of that was from U.S. equities, which pulled in $12.3 billion, blowing all the other asset classes out of the water. U.S. fixed-income ETFs were in second place, pulling in just $1.8 billion during the week.
The huge gains in U.S. equity ETFs can be mainly chalked up to the SPDR S&P 500 ETF Trust (SPY), which gained nearly $6 billion. The iShares Russell 2000 ETF (IWM) was a distant second, with inflows of just $841.9 million, while the iShares Edge MSCI U.S.A. Momentum Factor ETF (MTUM) gained $585.8 million.
Other funds of note in the week’s top 10 for flows include the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD), which claimed the No. 4 spot by pulling in $516.5 million, and the iShares Global Energy ETF (IXC), the only sector fund in the top 10, which no doubt saw its gain of $352.4 million fueled by rising oil prices.
‘TLT’ Biggest Loser
Interestingly, the No. 3 fund for outflows was the U.S.-focused Energy Select Sector SPDR Fund (XLE), which lost $261.2 million. The biggest loser for the week was the iShares 20+ Year Treasury Bond ETF (TLT), which lost $332.8 million, followed by the SPDR Gold Trust (GLD), which lost $287.8 million. Also notable for its outflows during the week was the iShares U.S. Home Construction ETF (ITB), which lost 15.6% of its total AUM, with outflows of $224.1 million.
Leveraged ETFs saw the most outflows of any asset class, losing $499.4 million, led by the ProShares UltraPro QQQ (TQQQ), which lost $141.3 million and claimed the No. 10 spot for outflows out of all U.S.-listed ETFs. Commodities lost $303 million, while currency lost $92.1 million.
Contact Heather Bell at [email protected]
Top 10 Creations (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
SPY | SPDR S&P 500 ETF Trust | 5,995.73 | 265,504.21 | 2.31% |
IWM | iShares Russell 2000 ETF | 841.91 | 44,996.16 | 1.91% |
MTUM | iShares Edge MSCI U.S.A. Momentum Factor ETF | 585.80 | 8,733.16 | 7.19% |
LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | 516.52 | 32,045.05 | 1.64% |
QQQ | PowerShares QQQ Trust | 509.95 | 64,779.25 | 0.79% |
IJR | iShares Core S&P Small Cap ETF | 381.81 | 40,301.43 | 0.96% |
IWO | iShares Russell 2000 Growth ETF | 369.48 | 10,234.55 | 3.75% |
DIA | SPDR Dow Jones Industrial Average ETF Trust | 361.30 | 21,235.44 | 1.73% |
IXC | iShares Global Energy ETF | 352.42 | 1,813.69 | 24.12% |
EMB | iShares JP Morgan USD Emerging Markets Bond ETF | 346.68 | 11,502.94 | 3.11% |
Top 10 Redemptions (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
TLT | iShares 20+ Year Treasury Bond ETF | -332.77 | 6,684.40 | -4.74% |
GLD | SPDR Gold Trust | -287.75 | 35,537.41 | -0.80% |
XLE | Energy Select Sector SPDR Fund | -261.25 | 19,277.56 | -1.34% |
XLF | Financial Select Sector SPDR Fund | -241.25 | 32,758.30 | -0.73% |
ITB | iShares U.S. Home Construction ETF | -224.14 | 1,211.77 | -15.61% |
EEM | iShares MSCI Emerging Markets ETF | -190.84 | 40,068.25 | -0.47% |
IYW | iShares U.S. Technology ETF | -189.36 | 4,108.93 | -4.41% |
JNK | SPDR Bloomberg Barclays High Yield Bond ETF | -160.51 | 9,207.28 | -1.71% |
DDWM | WisdomTree Dynamic Currency Hedged International Equity Fund | -159.16 | 354.19 | -31.00% |
TQQQ | ProShares UltraPro QQQ | -141.32 | 3,455.70 | -3.93% |
ETF Weekly Flows By Asset Class
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 12,318.79 | 1,981,463.44 | 0.62% |
International Equity | 1,584.43 | 851,144.08 | 0.19% |
U.S. Fixed Income | 1,757.50 | 536,376.53 | 0.33% |
International Fixed Income | 535.91 | 63,289.81 | 0.85% |
Commodities | -302.98 | 69,713.20 | -0.43% |
Currency | -92.12 | 1,278.98 | -7.20% |
Leveraged | -499.36 | 36,313.50 | -1.38% |
Inverse | 228.74 | 13,701.90 | 1.67% |
Asset Allocation | 19.13 | 9,242.18 | 0.21% |
Alternatives | 156.61 | 4,432.82 | 3.53% |
Total: | 15,706.65 | 3,566,956.44 | 0.44% |
Top 10 Volume Surprises, Funds >$50 mm AUM
Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
GSEU | Goldman Sachs ActiveBeta Europe Equity ETF | 8,228 | 39,609 | 481.40% |
STOT | SPDR DoubleLine Short Duration Total Return Tactical | 24,463 | 131,631 | 538.09% |
DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 34,981 | 144,689 | 413.62% |
SYLD | Cambria Shareholder Yield ETF | 19,488 | 70,838 | 363.50% |
JKJ | iShares Morningstar Small-Cap ETF | 4,126 | 15,977 | 387.26% |
PIO | Powershares Global Water Portfolio | 13,153 | 39,384 | 299.42% |
DTH | WisdomTree International High Dividend Fund | 15,495 | 41,031 | 264.81% |
FEU | SPDR STOXX Europe 50 ETF | 24,648 | 70,516 | 286.09% |
GVAL | Cambria Global Value ETF | 45,543 | 138,994 | 305.19% |
DBJP | Xtrackers MSCI Japan Hedged Equity ETF | 280,823 | 688,143 | 245.04% |
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.