Big Weekly Outflows From ETFs Except 'GLD'

U.S.-listed ETFs saw net outflows in the latest week, but there were notable winners such as 'GLD,' 'IYR' and others.

ETF.com
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Reviewed by: etf.com Staff
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Edited by: etf.com Staff

Renewed market volatility fueled big outflows from certain ETFs this week. The S&P 500 briefly hit a two-month low of 2,026 in the period, while the 10-year bond yield hit a one-month high around 1.89%.

On net, $1.9 billion flowed out of U.S.-listed ETFs in the week ending Thursday, May 19, according to FactSet data. However, the divergence in flows between equity and fixed income was stark.

A total of $4.4 billion flowed out of U.S. equity ETFs and $1.2 billion flowed out of international equity ETFs. In contrast, $2.3 billion flowed into U.S. fixed-income ETFs and $124 million flowed into international fixed-income ETFs.

GLD Tops Inflows List

Additionally, $762 million flowed into commodity products thanks to a $623 million inflow for the SPDR Gold Trust (GLD | A-100), which topped the creations list for individual ETFs.

Other big winners included the iShares U.S. Real Estate ETF (IYR | A-94), with inflows of $470 million; the iShares 7-10 Year Treasury Bond ETF (IEF | A-55), with inflows of $399 million; the iShares MSCI Min Vol USA ETF (USMV | A-69), with inflows of $319 million; and the ProShares Short S&P500 ETF (SH), with inflows of $305 million.

SPY Tops Outflows List

On the other end of the spectrum were broad-market equity ETFs such as the SPDR S&P 500 (SPY | A-97), which had substantial outflows on the week. SPY's outflows totaled $1.6 billion. That was followed by the iShares Russell 2000 ETF (IWM | A-91), with outflows of $1.5 billion; and the iShares MSCI Emerging Markets ETF (EEM | B-100), with outflows of $1.3 billion.

One notable loser in the fixed-income segment was the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD | A-77), which had outflows of $441 million.

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

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
GLDSPDR Gold Trust623.3534,588.801.84%
IYRiShares U.S. Real Estate ETF470.344,479.0711.73%
IEFiShares 7-10 Year Treasury Bond ETF398.779,909.014.19%
USMViShares Edge MSCI Min Vol USA ETF319.3512,916.812.54%
SHProShares Short S&P500304.982,948.9811.53%
BIVVanguard Intermediate Term Bond Index Fund301.709,305.253.35%
VTVVanguard Value Index Fund247.9920,355.051.23%
IEFAiShares Core MSCI EAFE ETF235.3611,421.262.10%
XLFFinancial Select Sector SPDR Fund232.6116,248.171.45%
IVViShares Core S&P 500 ETF227.8271,004.790.32%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-1,611.92180,286.40-0.89%
IWMiShares Russell 2000 ETF-1,468.9423,258.62-5.94%
EEMiShares MSCI Emerging Markets ETF-1,323.2122,467.01-5.56%
VOOVanguard S&P 500 Index Fund-813.2543,125.37-1.85%
QQQPowerShares QQQ Trust-629.9434,748.55-1.78%
LQDiShares iBoxx $ Investment Grade Corporate Bond ETF-441.1328,389.02-1.53%
XLVHealth Care Select Sector SPDR Fund-390.8411,794.60-3.21%
XLKTechnology Select Sector SPDR Fund-249.3912,264.06-1.99%
XLIIndustrial Select Sector SPDR Fund-244.006,691.87-3.52%
XLYConsumer Discretionary Select Sector SPDR Fund-229.6510,082.68-2.23%

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-4,428.841,198,429.77-0.37%
International Equity-1,214.40468,236.71-0.26%
U.S. Fixed Income2,325.30373,319.790.62%
International Fixed Income124.4432,836.460.38%
Commodities761.8865,649.491.16%
Currency-4.251,217.00-0.35%
Leveraged-96.7423,840.53-0.41%
Inverse626.7820,638.033.04%
Asset Allocation13.995,717.530.24%
Alternatives-0.844,038.98-0.02%
Total:-1,892.672,193,924.30-0.09%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
KIESPDR S&P Insurance ETF222,034808,043363.93%
DTYSiPath US Treasury 10-Year Bear ETN28,896101,484351.20%
FIBRiShares Edge U.S. Fixed Income Balanced Risk ETF4721,608340.45%
VFHVanguard Financials Index Fund586,0931,703,947290.73%
MVVProShares Ultra MidCap40042,531119,436280.82%
PSPPowerShares Global Listed Private Equity Portfolio174,988380,128217.23%
IEMGiShares Core MSCI Emerging Markets ETF5,669,23912,503,834220.56%
KLDiShares MSCI USA ESG Select ETF10,81026,749247.45%
ZMLPDirexion Zacks MLP High Income Shares20,89937,798180.86%
DBKODeutsche X-trackers MSCI South Korea Hedged Equity ETF80,002125,402156.75%

 

Disclaimer: All data is from FactSet, 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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