Emerging Market ETFs See Strong Weekly Inflows
Investors plowed more than $9 billion into U.S.-listed ETFs this week, with much of that going into emerging market products.
August continues to be a strong month for ETF inflows. In the past week, investors added $9.1 billion into U.S.-listed ETFs, bringing total assets under management to $2.42 trillion, according to FactSet data.
U.S. equity ETFs led the way in the week ending Thursday, Aug. 18, garnering $4.5 billion worth of inflows. That was followed by international equity ETFs with $2.7 billion, U.S. fixed-income ETFs with $2.1 billion, and international fixed-income ETFs with $550 million.
In contrast, commodity ETFs had outflows of $570 million, and leveraged ETFs had outflows of $420 million.
Emerging Markets Popular
Once again, emerging market ETFs saw big interest from investors. The iShares MSCI Emerging Markets ETF (EEM) was the fund with the largest inflows of the week, at $1.3 billion. Its cheaper sister fund, the iShares Core MSCI Emerging Markets ETF (IEMG), had $520 million worth of inflows of its own, while its rival fund, the Vanguard FTSE Emerging Markets ETF (VWO), had nearly $500 million worth of inflows.
A few fixed-income ETFs also saw notable creations this week, including the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD), with inflows of just under $500 million. The broader iShares Core U.S. Aggregate Bond ETF (AGG) had creations of $350 million.
GLD Tops Outflows List
On the other end of the spectrum, the SPDR Gold Trust (GLD) topped all ETFs when it came to outflows. The inflows leader on a year-to-date basis fell out of favor this week, with redemptions totaling $710 million.
Another commodity-themed prodct to see selling was the VelocityShares 3x Long Crude Oil ETN (UWTI), with outflows of nearly $250 million. A sharp rally in crude oil prices may have compelled UWTI traders to take profits.
Meanwhile, the WisdomTree Japan Hedged Equity Fund (DXJ), which has often found itself on the outflows list this year, continued to bleed assets this week. DXJ's outflows totaled $228 million.
For a complete list of this week's top inflows and outflows leaders, see the tables below:
Top 10 Creations (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
EEM | iShares MSCI Emerging Markets ETF | 1,280.14 | 31,257.93 | 4.27% |
QQQ | PowerShares QQQ Trust | 660.87 | 40,529.18 | 1.66% |
IEMG | iShares Core MSCI Emerging Markets ETF | 516.86 | 16,016.76 | 3.33% |
LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | 492.51 | 32,727.60 | 1.53% |
VWO | Vanguard FTSE Emerging Markets ETF | 489.46 | 42,958.90 | 1.15% |
VEA | Vanguard FTSE Developed Markets ETF | 431.40 | 36,484.74 | 1.20% |
SPY | SPDR S&P 500 ETF Trust | 384.19 | 199,260.56 | 0.19% |
IVV | iShares Core S&P 500 ETF | 362.43 | 79,063.34 | 0.46% |
AGG | iShares Core U.S. Aggregate Bond ETF | 348.54 | 40,869.51 | 0.86% |
XLF | Financial Select Sector SPDR Fund | 290.61 | 15,864.28 | 1.87% |
Top 10 Redemptions (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
GLD | SPDR Gold Trust | -709.92 | 41,281.69 | -1.69% |
EFA | iShares MSCI EAFE ETF | -458.66 | 59,943.68 | -0.76% |
UWTI | VelocityShares 3x Long Crude Oil ETN | -242.50 | 1,446.21 | -14.36% |
DXJ | WisdomTree Japan Hedged Equity Fund | -227.81 | 7,015.67 | -3.15% |
USMV | iShares Edge MSCI Min Vol USA ETF | -199.32 | 14,891.31 | -1.32% |
MDY | SPDR S&P Midcap 400 ETF Trust | -176.95 | 17,101.53 | -1.02% |
EZU | iShares MSCI Eurozone ETF | -155.60 | 8,579.17 | -1.78% |
EWG | iShares MSCI Germany ETF | -150.51 | 3,742.24 | -3.87% |
XBI | SPDR S&P BIOTECH ETF | -149.02 | 2,158.31 | -6.46% |
FXD | First Trust Consumer Discretionary AlphaDEX Fund | -148.14 | 1,795.29 | -7.62% |
ETF Weekly Flows By Asset Class
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 4,537.09 | 1,331,046.78 | 0.34% |
International Equity | 2,744.74 | 511,770.16 | 0.54% |
U.S. Fixed Income | 2,080.67 | 400,192.91 | 0.52% |
International Fixed Income | 545.89 | 40,815.59 | 1.34% |
Commodities | -572.87 | 75,985.10 | -0.75% |
Currency | -44.58 | 1,464.76 | -3.04% |
Leveraged | -417.45 | 25,302.45 | -1.65% |
Inverse | 223.96 | 19,413.46 | 1.15% |
Asset Allocation | 26.76 | 6,361.05 | 0.42% |
Alternatives | -31.63 | 4,325.81 | -0.73% |
Total: | 9,092.58 | 2,416,678.08 | 0.38% |
Top 10 Volume Surprises, Funds >$50 mm AUM
Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
DGT | SPDR Global Dow ETF | 4,609 | 26,140 | 567.14% |
DBAW | Deutsche X-trackers MSCI All World ex-US Hedged Equity ETF | 12,093 | 57,095 | 472.14% |
RXI | iShares Global Consumer Discretionary ETF | 27,063 | 125,140 | 462.41% |
BIK | SPDR S&P BRIC 40 ETF | 26,299 | 93,095 | 353.99% |
HEWG | iShares Currency Hedged MSCI Germany ETF | 1,289,036 | 3,425,305 | 265.73% |
USCI | United States Commodity Index Fund | 124,332 | 335,673 | 269.98% |
IJT | iShares S&P Small-Cap 600 Growth ETF | 129,572 | 278,045 | 214.59% |
MDD | SPDR S&P International Mid Cap ETF | 8,669 | 23,082 | 266.27% |
IBCD | iShares iBonds Mar 2020 Term Corporate ex-Financials ETF | 11,395 | 28,313 | 248.47% |
BBRC | EGShares Beyond BRICs ETF | 35,671 | 58,425 | 163.79% |
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.