EM Bond & Gold ETFs In Favor, Sector ETFs Out Of Favor

Investors plowed $5 billion into U.S.-listed ETFs in the latest week.

ETF.com
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Reviewed by: etf.com Staff
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Edited by: etf.com Staff

U.S.-listed ETFs raked in nearly $5 billion of fresh capital this week. According to FactSet data, all of the major asset classes had inflows in the week ending Thursday, Oct. 20. That includes U.S. equity ETFs, with inflows of $1.7 billion; international equity ETFs, with inflows of $800 million; U.S. fixed-income ETFs, with inflows of $1.6 billion; and international fixed-income ETFs, with inflows of $400 million. 

Investors may have been encouraged by the ongoing Q3 earnings season, where most corporations are beating profit expectations. On the other hand, election uncertainty and a likely Fed rate hike by year-end kept enthusiasm in check.

Emerging Market Bonds & Gold In Favor

The iShares JP Morgan USD Emerging Markets Bond ETF (EMB) took in $380 million in the latest week, a strong showing for one of 2016's most popular products. Year-to-date inflows for EMB are now close to $4.5 billion.

Right on the heels of EMB was the SPDR Gold Trust (GLD), with inflows of $349 million. Gold prices ticked up by a little more than 1% this week despite a big rally in the U.S. dollar. 

Other notable winners this week included the iShares Core MSCI EAFE ETF (IEFA), with inflows of $268 million, and the PowerShares Senior Loan Portfolio (BKLN), with inflows of $224 million.

Big Outflows From Sector ETFs

In terms of outflows, three sector funds topped the list. The Healthcare Select Sector SPDR Fund (XLV) had outflows of $346 million; the Utilities Select Sector SPDR Fund (XLU) had outflows of $300 million; and the Technology Select Sector SPDR Fund (XLK) had outflows of $258 million. 

The Energy Select Sector SPDR Fund (XLE) and the Real Estate Select Sector SPDR Fund (XLRE) also found themselves on the list, with outflows of $165 million and $130 million, respectively. 

Outside the sector funds, two notable losers this week included the iPath S&P 500 VIX Short-Term Futures ETN (VXX), with outflows of $163 million; and the iShares Core International Aggregate Bond ETF (IAGG), with outflows of $127 million, or 40% of its assets under management. 

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

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
IWMiShares Russell 2000 ETF905.2229,054.743.22%
SPYSPDR S&P 500 ETF Trust552.45195,082.460.28%
QQQPowerShares QQQ Trust541.0038,758.501.42%
EMBiShares JP Morgan USD Emerging Markets Bond ETF380.279,612.554.12%
GLDSPDR Gold Trust349.0139,576.160.89%
IEFAiShares Core MSCI EAFE ETF268.4013,502.822.03%
SHYiShares 1-3 Year Treasury Bond ETF246.1210,930.452.30%
BKLNPowerShares Senior Loan Portfolio224.486,210.343.75%
SHProShares Short S&P500215.742,960.107.86%
IWDiShares Russell 1000 Value ETF198.1031,365.420.64%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
XLVHealth Care Select Sector SPDR Fund-346.4212,056.67-2.79%
XLUUtilities Select Sector SPDR Fund-300.127,192.03-4.01%
XLKTechnology Select Sector SPDR Fund-257.9913,015.41-1.94%
IEFiShares 7-10 Year Treasury Bond ETF-232.028,373.08-2.70%
IYRiShares U.S. Real Estate ETF-205.683,947.14-4.95%
XLEEnergy Select Sector SPDR Fund-165.2815,415.90-1.06%
VXXiPath S&P 500 VIX Short-Term Futures ETN-163.011,370.87-10.63%
XLREReal Estate Select Sector SPDR Fund-129.652,790.61-4.44%
IAGGiShares Core International Aggregate Bond ETF-126.97187.79-40.34%
IEIiShares 3-7 Year Treasury Bond ETF-125.826,433.51-1.92%

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity1,730.931,307,728.290.13%
International Equity797.45503,301.050.16%
U.S. Fixed Income1,561.87412,408.300.38%
International Fixed Income377.2041,519.410.91%
Commodities387.9471,902.330.54%
Currency48.741,389.863.51%
Leveraged204.9923,690.990.87%
Inverse-55.0320,523.58-0.27%
Asset Allocation17.456,426.490.27%
Alternatives-99.454,278.14-2.32%
Total:4,972.092,393,168.440.21%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
IAGGiShares Core International Aggregate Bond ETF104,348718,315688.38%
JPHF 78,652491,201624.52%
PBSPowerShares Dynamic Media Portfolio25,381113,122445.69%
PSCIPowerShares S&P SmallCap Industrials Portfolio5,79824,777427.31%
PSCDPowerShares S&P SmallCap Consumer Discretionary Portfolio5,87622,803388.04%
GNRSPDR S&P Global Natural Resources ETF238,486539,406226.18%
MGVVanguard Mega Cap Value Index Fund65,876150,341228.22%
REZiShares Residential Real Estate Capped ETF50,732101,642200.35%
DSIiShares MSCI KLD 400 Social ETF30,47765,534215.02%
SCIUGlobal X Scientific Beta US ETF3,4407,661222.70%

Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
FDLOFidelity Low Volatility Factor ETF0.00%17,7544.97
JPHFJPMorgan Diversified Alternatives ETF0.00%1,964,80451.93
DWACElkhorn Commodity Rotation Strategy ETF0.00%13,3264.95
FDRRFidelity Dividend ETF for Rising Rates0.00%37,67720.10
CWSAdvisorShares Focused Equity ETF0.00%27,3192.49
FTXLFirst Trust Nasdaq Semiconductor ETF0.00%13,0492.00
RORELattice Real Estate Strategy ETF0.00%1,3904.43
WSKYSpirited Funds/ETFMG Whiskey & Spirits ETF0.00%57,3692.51
MCEFFirst Trust Municipal CEF Income Opportunity ETF0.00%2,8001.93
USMRRecon Capital USA Managed Risk ETF0.00%9,57614.72

Bottom 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
FDLOFidelity Low Volatility Factor ETF0.00%17,7544.97
JPHFJPMorgan Diversified Alternatives ETF0.00%1,964,80451.93
DWACElkhorn Commodity Rotation Strategy ETF0.00%13,3264.95
FDRRFidelity Dividend ETF for Rising Rates0.00%37,67720.10
CWSAdvisorShares Focused Equity ETF0.00%27,3192.49
FTXLFirst Trust Nasdaq Semiconductor ETF0.00%13,0492.00
RORELattice Real Estate Strategy ETF0.00%1,3904.43
WSKYSpirited Funds/ETFMG Whiskey & Spirits ETF0.00%57,3692.51
MCEFFirst Trust Municipal CEF Income Opportunity ETF0.00%2,8001.93
USMRRecon Capital USA Managed Risk ETF0.00%9,57614.72

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
VSSVanguard FTSE All World (ex-US) Small Cap Index Fund0.00%0.00%2,705.16
VPUVanguard Utilities Index Fund0.00%0.00%2,182.95
WPSiShares International Developed Property ETF0.00%0.00%155.69
VXFVanguard Extended Market Index Fund0.00%0.00%3,893.74
WMWElements Morningstar Wide Moat Focus Total Return Index ETN0.00%0.00%17.39
XLBMaterials Select Sector SPDR Fund0.00%0.00%2,867.35
XLUUtilities Select Sector SPDR Fund0.00%0.00%7,192.03
XLYConsumer Discretionary Select Sector SPDR Fund0.00%0.00%9,271.56
XLEEnergy Select Sector SPDR Fund0.00%0.00%15,415.90
WMCRWilshire Micro Cap ETF0.00%0.00%24.69

Bottom 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
VSSVanguard FTSE All World (ex-US) Small Cap Index Fund0.00%0.00%2,705.16
VPUVanguard Utilities Index Fund0.00%0.00%2,182.95
WPSiShares International Developed Property ETF0.00%0.00%155.69
VXFVanguard Extended Market Index Fund0.00%0.00%3,893.74
WMWElements Morningstar Wide Moat Focus Total Return Index ETN0.00%0.00%17.39
XLBMaterials Select Sector SPDR Fund0.00%0.00%2,867.35
XLUUtilities Select Sector SPDR Fund0.00%0.00%7,192.03
XLYConsumer Discretionary Select Sector SPDR Fund0.00%0.00%9,271.56
XLEEnergy Select Sector SPDR Fund0.00%0.00%15,415.90
WMCRWilshire Micro Cap ETF0.00%0.00%24.69

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.

 

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