EM Bond & Gold ETFs In Favor, Sector ETFs Out Of Favor
Investors plowed $5 billion into U.S.-listed ETFs in the latest week.
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 $127 million, or 40% of its assets under management.
For a full list of this week's top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
IWM | iShares Russell 2000 ETF | 905.22 | 29,054.74 | 3.22% |
SPY | SPDR S&P 500 ETF Trust | 552.45 | 195,082.46 | 0.28% |
QQQ | PowerShares QQQ Trust | 541.00 | 38,758.50 | 1.42% |
EMB | iShares JP Morgan USD Emerging Markets Bond ETF | 380.27 | 9,612.55 | 4.12% |
GLD | SPDR Gold Trust | 349.01 | 39,576.16 | 0.89% |
IEFA | iShares Core MSCI EAFE ETF | 268.40 | 13,502.82 | 2.03% |
SHY | iShares 1-3 Year Treasury Bond ETF | 246.12 | 10,930.45 | 2.30% |
BKLN | PowerShares Senior Loan Portfolio | 224.48 | 6,210.34 | 3.75% |
SH | ProShares Short S&P500 | 215.74 | 2,960.10 | 7.86% |
IWD | iShares Russell 1000 Value ETF | 198.10 | 31,365.42 | 0.64% |
Top 10 Redemptions (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
XLV | Health Care Select Sector SPDR Fund | -346.42 | 12,056.67 | -2.79% |
XLU | Utilities Select Sector SPDR Fund | -300.12 | 7,192.03 | -4.01% |
XLK | Technology Select Sector SPDR Fund | -257.99 | 13,015.41 | -1.94% |
IEF | iShares 7-10 Year Treasury Bond ETF | -232.02 | 8,373.08 | -2.70% |
IYR | iShares U.S. Real Estate ETF | -205.68 | 3,947.14 | -4.95% |
XLE | Energy Select Sector SPDR Fund | -165.28 | 15,415.90 | -1.06% |
VXX | iPath S&P 500 VIX Short-Term Futures ETN | -163.01 | 1,370.87 | -10.63% |
XLRE | Real Estate Select Sector SPDR Fund | -129.65 | 2,790.61 | -4.44% |
IAGG | iShares Core International Aggregate Bond ETF | -126.97 | 187.79 | -40.34% |
IEI | iShares 3-7 Year Treasury Bond ETF | -125.82 | 6,433.51 | -1.92% |
ETF Weekly Flows By Asset Class
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 1,730.93 | 1,307,728.29 | 0.13% |
International Equity | 797.45 | 503,301.05 | 0.16% |
U.S. Fixed Income | 1,561.87 | 412,408.30 | 0.38% |
International Fixed Income | 377.20 | 41,519.41 | 0.91% |
Commodities | 387.94 | 71,902.33 | 0.54% |
Currency | 48.74 | 1,389.86 | 3.51% |
Leveraged | 204.99 | 23,690.99 | 0.87% |
Inverse | -55.03 | 20,523.58 | -0.27% |
Asset Allocation | 17.45 | 6,426.49 | 0.27% |
Alternatives | -99.45 | 4,278.14 | -2.32% |
Total: | 4,972.09 | 2,393,168.44 | 0.21% |
Top 10 Volume Surprises, Funds >$50 mm AUM
Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
IAGG | iShares Core International Aggregate Bond ETF | 104,348 | 718,315 | 688.38% |
JPHF | 78,652 | 491,201 | 624.52% | |
PBS | PowerShares Dynamic Media Portfolio | 25,381 | 113,122 | 445.69% |
PSCI | PowerShares S&P SmallCap Industrials Portfolio | 5,798 | 24,777 | 427.31% |
PSCD | PowerShares S&P SmallCap Consumer Discretionary Portfolio | 5,876 | 22,803 | 388.04% |
GNR | SPDR S&P Global Natural Resources ETF | 238,486 | 539,406 | 226.18% |
MGV | Vanguard Mega Cap Value Index Fund | 65,876 | 150,341 | 228.22% |
REZ | iShares Residential Real Estate Capped ETF | 50,732 | 101,642 | 200.35% |
DSI | iShares MSCI KLD 400 Social ETF | 30,477 | 65,534 | 215.02% |
SCIU | Global X Scientific Beta US ETF | 3,440 | 7,661 | 222.70% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
FDLO | Fidelity Low Volatility Factor ETF | 0.00% | 17,754 | 4.97 |
JPHF | JPMorgan Diversified Alternatives ETF | 0.00% | 1,964,804 | 51.93 |
DWAC | Elkhorn Commodity Rotation Strategy ETF | 0.00% | 13,326 | 4.95 |
FDRR | Fidelity Dividend ETF for Rising Rates | 0.00% | 37,677 | 20.10 |
CWS | AdvisorShares Focused Equity ETF | 0.00% | 27,319 | 2.49 |
FTXL | First Trust Nasdaq Semiconductor ETF | 0.00% | 13,049 | 2.00 |
RORE | Lattice Real Estate Strategy ETF | 0.00% | 1,390 | 4.43 |
WSKY | Spirited Funds/ETFMG Whiskey & Spirits ETF | 0.00% | 57,369 | 2.51 |
MCEF | First Trust Municipal CEF Income Opportunity ETF | 0.00% | 2,800 | 1.93 |
USMR | Recon Capital USA Managed Risk ETF | 0.00% | 9,576 | 14.72 |
Bottom 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
FDLO | Fidelity Low Volatility Factor ETF | 0.00% | 17,754 | 4.97 |
JPHF | JPMorgan Diversified Alternatives ETF | 0.00% | 1,964,804 | 51.93 |
DWAC | Elkhorn Commodity Rotation Strategy ETF | 0.00% | 13,326 | 4.95 |
FDRR | Fidelity Dividend ETF for Rising Rates | 0.00% | 37,677 | 20.10 |
CWS | AdvisorShares Focused Equity ETF | 0.00% | 27,319 | 2.49 |
FTXL | First Trust Nasdaq Semiconductor ETF | 0.00% | 13,049 | 2.00 |
RORE | Lattice Real Estate Strategy ETF | 0.00% | 1,390 | 4.43 |
WSKY | Spirited Funds/ETFMG Whiskey & Spirits ETF | 0.00% | 57,369 | 2.51 |
MCEF | First Trust Municipal CEF Income Opportunity ETF | 0.00% | 2,800 | 1.93 |
USMR | Recon Capital USA Managed Risk ETF | 0.00% | 9,576 | 14.72 |
Top 10 YTD Performers
Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
VSS | Vanguard FTSE All World (ex-US) Small Cap Index Fund | 0.00% | 0.00% | 2,705.16 |
VPU | Vanguard Utilities Index Fund | 0.00% | 0.00% | 2,182.95 |
WPS | iShares International Developed Property ETF | 0.00% | 0.00% | 155.69 |
VXF | Vanguard Extended Market Index Fund | 0.00% | 0.00% | 3,893.74 |
WMW | Elements Morningstar Wide Moat Focus Total Return Index ETN | 0.00% | 0.00% | 17.39 |
XLB | Materials Select Sector SPDR Fund | 0.00% | 0.00% | 2,867.35 |
XLU | Utilities Select Sector SPDR Fund | 0.00% | 0.00% | 7,192.03 |
XLY | Consumer Discretionary Select Sector SPDR Fund | 0.00% | 0.00% | 9,271.56 |
XLE | Energy Select Sector SPDR Fund | 0.00% | 0.00% | 15,415.90 |
WMCR | Wilshire Micro Cap ETF | 0.00% | 0.00% | 24.69 |
Bottom 10 YTD Performers
Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
VSS | Vanguard FTSE All World (ex-US) Small Cap Index Fund | 0.00% | 0.00% | 2,705.16 |
VPU | Vanguard Utilities Index Fund | 0.00% | 0.00% | 2,182.95 |
WPS | iShares International Developed Property ETF | 0.00% | 0.00% | 155.69 |
VXF | Vanguard Extended Market Index Fund | 0.00% | 0.00% | 3,893.74 |
WMW | Elements Morningstar Wide Moat Focus Total Return Index ETN | 0.00% | 0.00% | 17.39 |
XLB | Materials Select Sector SPDR Fund | 0.00% | 0.00% | 2,867.35 |
XLU | Utilities Select Sector SPDR Fund | 0.00% | 0.00% | 7,192.03 |
XLY | Consumer Discretionary Select Sector SPDR Fund | 0.00% | 0.00% | 9,271.56 |
XLE | Energy Select Sector SPDR Fund | 0.00% | 0.00% | 15,415.90 |
WMCR | Wilshire Micro Cap ETF | 0.00% | 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.