Dow Jones & Health Care ETFs Fuel $10B Weekly Inflows

The influx of money into ETFs continued in the latest week as U.S. stock markets hit record highs. In total, $10.3 billion flowed into U.S.-listed exchange-traded funds in the week ending Thursday, Feb. 9, according to FactSet.

The money flowed relatively evenly into the various asset classes. U.S. equity ETFs had inflows of $2.3 billion; international equity ETFs had inflows of $3.3 billion; U.S. fixed-income ETFs had inflows of $3.1 billion; international equity ETFs had inflows of $640 million; and commodity ETFs had inflows of $1.1 billion.

On Friday, the S&P 500 hit a record high of above 2,319, putting the index up 3.8% for the year. Meanwhile, the 10-year bond yield sagged about 6 basis points week-over-week to last trade around 2.4%, and the U.S. Dollar Index rebounded about 1% in the period from its lowest levels of the year. 

DIA, XLV & GLD Top Inflows List

When it comes to individual ETFs, the SPDR Dow Jones Industrial Average ETF (DIA) swooped in to take the No. 1 spot for the week. Its inflows of $1.1 billion represented a 6.6% increase in its assets under management. So far this year, the fund has seen $2.6 billion worth of inflows; since the election on Nov. 8, its inflows are an even-more-impressive $4.5 billion.

At the No. 2 position was the Health Care Select Sector SPDR Fund (XLV), which took in $970 million, representing a hefty 6.8% jump in total assets. The only sector to finish down last year, health care may be seeing some bargain buying by investors now. 

A few other sector ETFs to make the weekly top 10 flows list are the Industrial Select Sector SPDR Fund (XLI) and the Utilities Select Sector SPDR Fund (XLU), with inflows of $470 million and $380 million, respectively.

The SPDR Gold Trust (GLD) was another interesting fund to find itself on this week's list. Its $850 million of inflows were enough to push the fund's year-to-date inflows total into positive territory. GLD now has about $460 million worth of creations for 2017 as a whole.

During the week, gold prices rallied as high as $1,245 and were last trading 7% higher on the year.

Profit-Taking In SPY & IWM

On the outflows side, two giants topped the list. The SPDR S&P 500 ETF (SPY) and the iShares Russell 2000 ETF (IWM) had redemptions of more than $2.1 billion each, likely due to profit-taking. 

A pair of sector ETFs also saw selling. The Consumer Staples Sector SPDR Fund (XLP) and the iShares U.S. Real Estate ETF (IYR) had outflows of $600 million and $130 million, respectively.

Three other interesting funds to see notable outflows were the iShares MSCI Canada ETF (EWC), the iShares National Muni Bond ETF (MUB) and the iShares Edge MSCI Min Vol USA ETF (USMV), with redemptions ranging from $128 million to $192 million. 

Finally, rounding out the outflows list was the Direxion Daily Gold Miners Index Bull 3x Shares (NUGT). It had outflows of $128 million, or 5.8% of AUM, during the week.

For a full list of this week's top inflows and outflows, see the tables below:

Top 10 Creations (All ETFs)

Top 10 Redemptions (All ETFs)

ETF Weekly Flows By Asset Class

Top 10 Volume Surprises, Funds >$50 mm AUM

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.