Big Weekly Outflows From ETFs Except 'GLD'

May 20, 2016

Reviewed by: etf.com Staff

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)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
GLD	SPDR Gold Trust	623.35	34,588.80	1.84%
IYR	iShares U.S. Real Estate ETF	470.34	4,479.07	11.73%
IEF	iShares 7-10 Year Treasury Bond ETF	398.77	9,909.01	4.19%
USMV	iShares Edge MSCI Min Vol USA ETF	319.35	12,916.81	2.54%
SH	ProShares Short S&P500	304.98	2,948.98	11.53%
BIV	Vanguard Intermediate Term Bond Index Fund	301.70	9,305.25	3.35%
VTV	Vanguard Value Index Fund	247.99	20,355.05	1.23%
IEFA	iShares Core MSCI EAFE ETF	235.36	11,421.26	2.10%
XLF	Financial Select Sector SPDR Fund	232.61	16,248.17	1.45%
IVV	iShares Core S&P 500 ETF	227.82	71,004.79	0.32%

Top 10 Redemptions (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
SPY	SPDR S&P 500 ETF Trust	-1,611.92	180,286.40	-0.89%
IWM	iShares Russell 2000 ETF	-1,468.94	23,258.62	-5.94%
EEM	iShares MSCI Emerging Markets ETF	-1,323.21	22,467.01	-5.56%
VOO	Vanguard S&P 500 Index Fund	-813.25	43,125.37	-1.85%
QQQ	PowerShares QQQ Trust	-629.94	34,748.55	-1.78%
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	-441.13	28,389.02	-1.53%
XLV	Health Care Select Sector SPDR Fund	-390.84	11,794.60	-3.21%
XLK	Technology Select Sector SPDR Fund	-249.39	12,264.06	-1.99%
XLI	Industrial Select Sector SPDR Fund	-244.00	6,691.87	-3.52%
XLY	Consumer Discretionary Select Sector SPDR Fund	-229.65	10,082.68	-2.23%

ETF Weekly Flows By Asset Class

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	-4,428.84	1,198,429.77	-0.37%
International Equity	-1,214.40	468,236.71	-0.26%
U.S. Fixed Income	2,325.30	373,319.79	0.62%
International Fixed Income	124.44	32,836.46	0.38%
Commodities	761.88	65,649.49	1.16%
Currency	-4.25	1,217.00	-0.35%
Leveraged	-96.74	23,840.53	-0.41%
Inverse	626.78	20,638.03	3.04%
Asset Allocation	13.99	5,717.53	0.24%
Alternatives	-0.84	4,038.98	-0.02%
Total:	-1,892.67	2,193,924.30	-0.09%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker	Name	Average Volume (30 Day)	1 Week Average Volume	% of Average
KIE	SPDR S&P Insurance ETF	222,034	808,043	363.93%
DTYS	iPath US Treasury 10-Year Bear ETN	28,896	101,484	351.20%
FIBR	iShares Edge U.S. Fixed Income Balanced Risk ETF	472	1,608	340.45%
VFH	Vanguard Financials Index Fund	586,093	1,703,947	290.73%
MVV	ProShares Ultra MidCap400	42,531	119,436	280.82%
PSP	PowerShares Global Listed Private Equity Portfolio	174,988	380,128	217.23%
IEMG	iShares Core MSCI Emerging Markets ETF	5,669,239	12,503,834	220.56%
KLD	iShares MSCI USA ESG Select ETF	10,810	26,749	247.45%
ZMLP	Direxion Zacks MLP High Income Shares	20,899	37,798	180.86%
DBKO	Deutsche X-trackers MSCI South Korea Hedged Equity ETF	80,002	125,402	156.75%

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.

etf.com Staff

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Big Weekly Outflows From ETFs Except 'GLD'

Big Weekly Outflows From ETFs Except 'GLD'

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