'EEM' Dominates In Another Strong Week For ETF Flows
$8 billion flowed into U.S.-listed ETFs in the latest week.
Another week of record highs in U.S. stocks gave investors confidence to continue adding money into ETFs. In aggregate, $7.7 billion flowed into U.S.-listed ETFs in the week ending Thursday, July 21.
U.S. equity ETFs led the way, with $3.1 billion worth of inflows in the period, but international equity ETFs weren't far behind, with $2.6 billion worth of inflows. U.S. fixed-income ETFs and international fixed-income ETFs saw smaller, but still notable, inflows of $911 million and $620 million, respectively.
EEM Dominates Inflows List
When it comes to individual ETFs, the iShares Emerging Markets ETF (EEM | B-100) was leagues ahead of all the others. It had $2.6 billion of inflows in the latest week, well ahead of the second-place SPDR S&P Midcap 400 ETF Trust (MDY | A-82), which had inflows of $682 million.
The iShares JP Morgan USD Emerging Markets Bond ETF (EMB | B-58) was another big winner, with net creations of $463 million.
On a percentage of assets basis, the PowerShares FTSE RAFI US 1500 Small-Mid Portfolio (PRFZ | A-88) was the biggest gainer, with inflows of $317 million, or 27.5% of its AUM.
Europe ETFs Fall Out Of Favor
Taking a look at the outflows list for the week, the Vanguard FTSE Europe ETF (VGK | A-97) took the top spot, with redemptions of $1.1 billion. The European Central Bank left monetary policy unchanged on Thursday, dampening enthusiasm for the region's stocks.
The Deutsche X-trackers MSCI EAFE Hedged Equity ETF (DBEF | B-73) and the WisdomTree Europe Hedged Equity Fund (HEDJ | B-47) also had notable outflows—$458 million and $299 million, respectively.
On a percentage basis, the iShares 10-20 Year Treasury Bond ETF (TLH | A-64) was the biggest loser, with outflows of $218 million, or 20.5%.
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| EEM | iShares MSCI Emerging Markets ETF | 2,625.83 | 27,378.09 | 10.61% |
| MDY | SPDR S&P Midcap 400 ETF Trust | 681.65 | 17,138.87 | 4.14% |
| EMB | iShares JP Morgan USD Emerging Markets Bond ETF | 463.02 | 8,481.27 | 5.77% |
| IVV | iShares Core S&P 500 ETF | 436.06 | 77,056.89 | 0.57% |
| XLF | Financial Select Sector SPDR Fund | 410.17 | 15,548.68 | 2.71% |
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | 381.46 | 32,291.23 | 1.20% |
| DXJ | WisdomTree Japan Hedged Equity Fund | 352.62 | 7,786.94 | 4.74% |
| PRFZ | PowerShares FTSE RAFI US 1500 Small-Mid Portfolio | 316.58 | 1,467.30 | 27.51% |
| QUAL | iShares MSCI USA Quality Factor ETF | 308.63 | 2,723.38 | 12.78% |
| VXX | iPath S&P 500 VIX Short-Term Futures ETN | 305.47 | 1,612.30 | 23.38% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| VGK | Vanguard FTSE Europe ETF | -1,053.21 | 11,727.12 | -8.24% |
| QQQ | PowerShares QQQ Trust | -490.03 | 37,004.13 | -1.31% |
| DBEF | Deutsche X-trackers MSCI EAFE Hedged Equity ETF | -458.27 | 10,781.84 | -4.08% |
| IEF | iShares 7-10 Year Treasury Bond ETF | -369.79 | 9,461.70 | -3.76% |
| XLP | Consumer Staples Select Sector SPDR Fund | -303.77 | 9,799.07 | -3.01% |
| HEDJ | WisdomTree Europe Hedged Equity Fund | -298.60 | 10,080.94 | -2.88% |
| IWM | iShares Russell 2000 ETF | -229.30 | 28,236.53 | -0.81% |
| TLH | iShares 10-20 Year Treasury Bond ETF | -218.00 | 843.31 | -20.54% |
| XLY | Consumer Discretionary Select Sector SPDR Fund | -215.52 | 10,173.31 | -2.07% |
| XLK | Technology Select Sector SPDR Fund | -210.15 | 12,463.46 | -1.66% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 3,086.79 | 1,300,722.05 | 0.24% |
| International Equity | 2,585.63 | 487,786.39 | 0.53% |
| U.S. Fixed Income | 911.33 | 394,895.69 | 0.23% |
| International Fixed Income | 620.43 | 38,136.64 | 1.63% |
| Commodities | 213.68 | 75,048.11 | 0.28% |
| Currency | 178.08 | 1,502.90 | 11.85% |
| Leveraged | -235.62 | 25,233.83 | -0.93% |
| Inverse | -60.72 | 19,806.39 | -0.31% |
| Asset Allocation | 28.79 | 6,269.88 | 0.46% |
| Alternatives | 353.67 | 4,073.24 | 8.68% |
| Total: | 7,682.06 | 2,353,475.12 | 0.33% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
| KBWY | PowerShares KBW Premium Yield Equity REIT Portfolio | 71,683 | 307,185 | 428.53% |
| IGF | iShares Global Infrastructure ETF | 123,349 | 317,583 | 257.47% |
| DVYE | iShares Emerging Markets Dividend ETF | 79,310 | 213,565 | 269.28% |
| RLY | SPDR SSgA Multi-Asset Real Return ETF | 13,263 | 26,912 | 202.91% |
| MGV | Vanguard Mega Cap Value Index Fund | 100,127 | 191,002 | 190.76% |
| EES | WisdomTree SmallCap Earnings Fund | 12,072 | 25,274 | 209.35% |
| IDLB | PowerShares FTSE International Low Beta Equal Weight Portfolio | 3,532 | 6,083 | 172.21% |
| FBG | UBS AG FI Enhanced Big Cap Growth ETN | 1,720 | 3,159 | 183.63% |
| LVL | Guggenheim S&P Global Dividend Opportunities Index ETF | 19,350 | 31,218 | 161.34% |
| PHDG | Powershares S&P 500 Downside Hedged Portfolio | 62,369 | 81,471 | 130.63% |
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.
