EEM & EZU Top Weekly Outflows List
International equity ETFs were out of favor in the week ending Thursday, May 12, but overall, U.S.-listed ETFs saw net inflows.
A downdraft in retail stocks and some overseas markets didn't stop investors from adding money to U.S.-listed exchange-traded funds this week. In aggregate, $2.6 billion came into ETFs in the week ending Thursday, May 12. Most segments saw net inflows, with the exception of international equity ETFs, which had net outflows of $2.9 billion.
Leading the way were U.S. equity ETFs, which had a net inflow of $2.6 billion thanks largely to the $1.2 billion in creations for the SPDR S&P 500 ETF (SPY | A-97), and the $929 million in creations for the PowerShares QQQ Trust (QQQ | A-67).
At the same time, gold remained in fashion this week, as the SPDR Gold Trust (GLD | A-100) picked up $646 million in inflows, while the VanEck Vecors God Miners ETF (GDX | C-76) picked up $438 million of its own.
On the fixed-income side, the iShares Core U.S. Aggregate Bond ETF (AGG | A-98) was the biggest winner, with inflows of nearly $400 million.
Meanwhile, as mentioned above, international equity ETFs were the big losers of the week. The iShares MSCI Emerging Markets ETF (EEM | B-100) topped the outflows list, with redemptions of $933 million. That was followed by the iShares MSCI Eurozone ETF (EZU | A-84) and the iShares MSCI Japan ETF (EWJ | B-95) with outflows of $709 million and $588 million, respectively.
Another notable loser was the iShares iBoxx $ High Yield Corporate Bond ETF (HYG | B-68), with outflows of $435 million.
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 ETF Trust | 1,209.27 | 181,301.13 | 0.67% |
| QQQ | PowerShares QQQ Trust | 929.24 | 35,361.97 | 2.70% |
| GLD | SPDR Gold Trust | 646.01 | 34,757.38 | 1.89% |
| GDX | VanEck Vectors Gold Miners ETF | 437.67 | 7,661.59 | 6.06% |
| AGG | iShares Core U.S. Aggregate Bond ETF | 399.41 | 36,479.29 | 1.11% |
| XLI | Industrial Select Sector SPDR Fund | 390.81 | 6,873.55 | 6.03% |
| VV | Vanguard Large Cap Index Fund | 365.57 | 7,013.36 | 5.50% |
| VCIT | Vanguard Intermediate-Term Corporate Bond Index Fund | 306.19 | 8,602.97 | 3.69% |
| VNQ | Vanguard REIT Index Fund | 284.19 | 31,954.30 | 0.90% |
| TIP | iShares TIPS Bond ETF | 229.72 | 18,104.17 | 1.29% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| EEM | iShares MSCI Emerging Markets ETF | -932.93 | 24,261.10 | -3.70% |
| EZU | iShares MSCI Eurozone ETF | -708.63 | 10,779.85 | -6.17% |
| EWJ | iShares MSCI Japan ETF | -587.83 | 15,360.87 | -3.69% |
| IWM | iShares Russell 2000 ETF | -455.01 | 24,870.77 | -1.80% |
| HYG | iShares iBoxx $ High Yield Corporate Bond ETF | -434.45 | 14,812.64 | -2.85% |
| SDY | SPDR S&P Dividend ETF | -346.47 | 13,315.44 | -2.54% |
| XLU | Utilities Select Sector SPDR Fund | -291.69 | 7,933.13 | -3.55% |
| FXI | iShares China Large-Cap ETF | -251.56 | 3,548.13 | -6.62% |
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | -239.59 | 28,921.03 | -0.82% |
| DIA | SPDR Dow Jones Industrial Average ETF Trust | -222.57 | 11,863.83 | -1.84% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 2,564.85 | 1,201,846.55 | 0.21% |
| International Equity | -2,864.00 | 471,960.39 | -0.61% |
| U.S. Fixed Income | 1,164.20 | 370,645.48 | 0.31% |
| International Fixed Income | 452.08 | 32,514.34 | 1.39% |
| Commodities | 822.38 | 64,682.94 | 1.27% |
| Currency | 22.21 | 1,215.28 | 1.83% |
| Leveraged | 129.70 | 23,806.10 | 0.54% |
| Inverse | 90.65 | 20,336.33 | 0.45% |
| Asset Allocation | 10.00 | 5,712.31 | 0.18% |
| Alternatives | 164.08 | 3,900.59 | 4.21% |
| Total: | 2,556.14 | 2,196,620.31 | 0.12% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
| JXI | iShares Global Utilities ETF | 171,818 | 906,500 | 527.59% |
| EWK | iShares MSCI Belgium Capped ETF | 657,735 | 3,221,482 | 489.78% |
| LGLV | SPDR Russell 1000 Low Volatility ETF | 17,555 | 81,683 | 465.30% |
| FLTB | Fidelity Limited Term Bond ETF | 253,042 | 840,948 | 332.33% |
| BSCG | Guggenheim BulletShares 2016 Corporate Bond ETF | 166,095 | 600,717 | 361.67% |
| JPIN | J.P. Morgan Diversified Return International Equity ETF | 80,951 | 281,005 | 347.13% |
| IXJ | iShares Global Healthcare ETF | 177,982 | 561,599 | 315.54% |
| BWZ | SPDR Barclays Short Term International Treasury Bond ETF | 285,749 | 821,209 | 287.39% |
| ALFA | AlphaClone Alternative Alpha ETF | 41,150 | 111,528 | 271.03% |
| GVI | iShares Intermediate Government/Credit Bond ETF | 159,429 | 384,101 | 240.92% |
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.
