Big Weekly Outflows From QQQ, HEDJ, XOP, USO
Though U.S.-listed ETFs saw a modest net inflow for the week ending Thursday, April 21, a number of big-name funds saw outflows.
Inflows into U.S.-listed ETFs were only modest this week, as the rally in stocks stalled with the S&P 500 around the 2,100 mark. In the week ending Thursday, April 21, total inflows were $1.1 billion.
Outflows of $913 million from U.S. equity ETFs were offset by inflows of $369 million into international equity ETFs and inflows of $1.4 billion into U.S. fixed-income ETFs.
VOO Tops Inflows
Amidst the lackluster interest in ETFs this week, not a single product registered an inflow greater than $400 million. The Vanguard S&P 500 (VOO | A-98) gained $365 million, while the iPath S&P 500 VIX Short-Term Futures ETN (VXX | B-47) added $317 million.
Also in favor were the iShares MSCI USA Minimum Volatility ETF (USMV | A-73), with inflows of $262 million, and the iShares U.S. Preferred Stock ETF (PFF | B), with inflows of $231 million.
SPY & QQQ Top Outflows
On the outflows side, the SPDR S&P 500 ETF (SPY | A-98) was the biggest loser, with $1.4 billion coming out of the fund. That was closely followed by $1.2 billion in outflows for the PowerShares QQQ (QQQ | A-65).
Other notable names on the outflows list included the WisdomTree Europe Hedged Equity ETF (HEDJ | B-47), the SPDR S&P Oil & Gas Exploration & Production ETF (XOP | A-66) and the United States Oil Fund (USO | B-100).
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| VOO | Vanguard S&P 500 | 364.70 | 44,858.04 | 0.82% |
| VXX | iPath S&P 500 VIX Short-Term Futures ETN | 317.33 | 1,509.08 | 26.63% |
| XLI | Industrial Select SPDR | 311.92 | 7,154.39 | 4.56% |
| AGG | iShares Core U.S. Aggregate Bond | 287.99 | 35,216.38 | 0.82% |
| IWB | iShares Russell 1000 | 273.57 | 15,302.68 | 1.82% |
| USMV | iShares MSCI USA Minimum Volatility | 261.60 | 12,309.22 | 2.17% |
| IEMG | iShares Core MSCI Emerging Markets | 255.13 | 10,899.70 | 2.40% |
| PFF | iShares U.S. Preferred Stock | 230.86 | 14,901.00 | 1.57% |
| VEA | Vanguard FTSE Developed Markets | 224.46 | 32,436.62 | 0.70% |
| LQD | iShares iBoxx $ Investment Grade Corporate Bond | 214.22 | 28,386.14 | 0.76% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 | -1,382.84 | 187,808.06 | -0.73% |
| QQQ | PowerShares QQQ | -1,184.76 | 37,967.95 | -3.03% |
| IWM | iShares Russell 2000 | -414.22 | 25,917.04 | -1.57% |
| XLU | Utilities Select SPDR | -299.55 | 7,825.59 | -3.69% |
| EWJ | iShares MSCI Japan | -255.24 | 17,038.39 | -1.48% |
| HEDJ | WisdomTree Europe Hedged Equity | -237.78 | 13,746.49 | -1.70% |
| VXF | Vanguard Extended Market | -202.17 | 3,935.51 | -4.89% |
| IYR | iShares U.S. Real Estate | -198.22 | 4,129.40 | -4.58% |
| XOP | SPDR S&P Oil & Gas Exploration & Production | -189.01 | 1,897.62 | -9.06% |
| USO | United States Oil | -183.50 | 3,591.88 | -4.86% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | -912.70 | 1,222,658.99 | -0.07% |
| International Equity | 368.58 | 488,459.27 | 0.08% |
| U.S. Fixed Income | 1,394.89 | 368,834.70 | 0.38% |
| International Fixed Income | 111.04 | 31,803.32 | 0.35% |
| Commodities | -174.35 | 61,037.09 | -0.29% |
| Currency | -39.92 | 1,305.63 | -3.06% |
| Leveraged | -398.45 | 24,257.12 | -1.64% |
| Inverse | 416.43 | 19,684.00 | 2.12% |
| Asset Allocation | 12.72 | 5,689.27 | 0.22% |
| Alternatives | 339.25 | 3,804.17 | 8.92% |
| Total: | 1,117.48 | 2,227,533.56 | 0.05% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
| FDT | First Trust Developed Markets Ex-U.S. AlphaDex | 68,908 | 320,497 | 465.11% |
| PSCI | PowerShares S&P SmallCap Industrials | 7,265 | 26,665 | 367.05% |
| SST | SPDR Barclays Short Term Treasury | 55,707 | 184,431 | 331.07% |
| QDF | FlexShares Quality Dividend | 136,329 | 428,748 | 314.50% |
| FMAT | Fidelity MSCI Materials | 44,484 | 117,740 | 264.68% |
| PXE | PowerShares Dynamic Energy Exploration & Production | 21,210 | 51,644 | 243.49% |
| USLB | PowerShares Russell 1000 Low Beta Equal Weight | 10,627 | 20,396 | 191.92% |
| LRGF | iShares FactorSelect MSCI USA | 25,344 | 54,219 | 213.93% |
| IDLB | PowerShares FTSE International Low Beta Equal Weight | 10,971 | 20,770 | 189.32% |
| IQDE | FlexShares International Quality Dividend Defensive | 11,475 | 27,734 | 241.69% |
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.
