Equity ETFs See Inflows Despite Sell-Off

Investors plowed money into equity ETFs even as the S&P 500 sold off significantly this week.

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

Despite a rough week for stock markets, investors poured billions of dollars into U.S. and international equity exchange-traded funds this week. At the same time, they pulled money from fixed-income ETFs, particularly corporate bond funds.

The S&P 500 lost 2.6 percent in the week ending Thursday, Nov. 12, yet U.S. stock ETFs saw inflows of $4.6 billion in the period, while international stock ETFs had inflows of $2.4 billion. The iShares Russell 1000 (IWB | A-95) was the biggest asset gainer, with $2.4 billion, followed by the iShares Core MSCI EAFE ETF (IEFA | A-95), with inflows of $1 billion.

Investors in these ETFs shrugged off concerns about a potetial Fed rate hike in December and weak retail sales that roiled the stock market all week long. Instead, they opted to use the pullback as a buying opportunity.

However, there were several equity ETFs that saw sizable outflows. Most of these were sector funds, such as the Industrial Select SPDR (XLI | A-91) and the Utilities Select SPDR (XLU | A-88), with outflows of $750 million and $500 million, respectively.

In terms of fixed income, outflows from corporate bond ETFs such as the SPDR Barclays High Yield Bond ETF (JNK | B-68) and the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD | A-77) offset a big inflow into the iShares Core U.S. Aggregate Bond ETF (AGG | A-98). JNK lost $900 million, LQD lost $480 million and AGG gained $1.2 billion. Overall, U.S. fixed-income ETFs saw net outflows of $1.1 billion.

In total, U.S.-listed ETFs of all segments saw inflows of $6.8 billion, sending assets to $2.1 trillion.


 

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
IWBiShares Russell 10002,381.3314,912.9719.00%
AGGiShares Core U.S. Aggregate Bond1,222.9728,764.884.44%
IEFAiShares Core MSCI EAFE1,020.198,278.9814.05%
SPYSPDR S&P 500883.27177,576.350.50%
EFAiShares MSCI EAFE689.6657,857.041.21%
IWMiShares Russell 2000594.7027,576.422.20%
DIASPDR Dow Jones Industrial Average Trust559.4612,502.914.68%
FXECurrencyShares Euro479.43827.14137.88%
HEDJWisdomTree Europe Hedged Equity421.4720,889.672.06%
VOOVanguard S&P 500385.1338,784.461.00%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
JNKSPDR Barclays High Yield Bond-897.3510,847.26-7.64%
XLIIndustrial Select SPDR-744.096,444.39-10.35%
XLUUtilities Select SPDR-510.185,820.77-8.06%
LQDiShares iBoxx $ Investment Grade Corporate Bond-481.8123,423.78-2.02%
IEFiShares 7-10 Year Treasury Bond-453.678,337.93-5.16%
GLDSPDR Gold-347.7123,138.76-1.48%
EWTiShares MSCI Taiwan-334.802,885.22-10.40%
HYGiShares iBoxx $ High Yield Corporate Bond-292.5815,200.95-1.89%
XLPConsumer Staples Select SPDR-284.937,651.11-3.59%
XLFFinancial Select SPDR-276.0718,519.76-1.47%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity4,570.861,164,208.140.08%
International Equity2,359.65487,672.080.10%
U.S. Fixed Income-1,101.81326,757.22-0.07%
International Fixed Income146.2626,727.530.11%
Commodities-26.5648,029.41-0.01%
Currency589.041,956.707.61%
Leveraged420.7922,798.420.36%
Inverse-249.6019,985.48-0.25%
Asset Allocation51.695,410.010.19%
Alternatives5.793,278.820.04%
Total:6,766.112,106,823.820.06%

 

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
GIISPDR S&P Global Infrastructure26,252103,831395.52%
TUTTTuttle Tactical Management U.S. Core27,61852,332189.49%
IOOiShares Global 10032,58475,526231.79%
DSUMPowerShares Chinese Yuan Dim Sum Bond43,379125,004288.17%
FTSLFirst Trust Senior Loan85,993153,289178.26%
VCRVanguard Consumer Discretionary218,150339,047155.42%
GNRSPDR Global Natural Resources254,712322,459126.60%
SPXHJanus Velocity Volatility Hedged Large Cap5,2368,461161.58%
ALFAAlphaClone Alternative Alpha45,14160,335133.66%
VNQIVanguard Global ex-U.S. Real Estate285,439407,409142.73%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
CVOLC-Tracks Citi Volatility ETN13.91%391,3243.33
VIIXVelocityShares VIX Short Term ETN11.56%816,3018.34
VXXiPath S&P 500 VIX Short-Term Futures ETN11.50%269,880,956997.79
VIXYProShares VIX Short-Term11.42%8,173,521112.54
VXUPAccuShares Spot CBOE VIX Up Shares8.29%18,2932.30
VIXMProShares VIX Mid-term5.93%103,18928.64
VXZiPath S&P 500 VIX Mid-Term Futures ETN5.77%1,122,04155.40
ASHSDeutsche X-trackers Harvest CSI 500 China-A Shares Small Cap ETF5.20%427,09637.59
CNXTMarket Vectors ChinaAMC SME-ChiNext2.91%459,83563.20
DXJHWisdomTree Japan Hedged Health Care2.67%123,41212.07

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
PLTMFirst Trust ISE Global Platinum-12.21%66,3265.03
COPXGlobal X Copper Miners-11.84%211,43216.65
FCGFirst Trust ISE-Revere Natural Gas-11.62%11,353,041210.39
CUFirst Trust ISE Global Copper-10.78%38,45113.02
GAZiPath Bloomberg Natural Gas Subindex Total Return ETN-10.67%272,4566.59
YGRORBC ETNs Linked to Yorkville MLP Distribution Growth Leaders Liquid PR Index-10.60%16,95920.49
TANGuggenheim Solar-10.54%622,490240.74
NINIiPath Pure Beta Nickel ETN-9.89%2,2370.81
PGMiPath Bloomberg Platinum Subindex Total Return ETN-9.51%5,9388.58
PICKiShares MSCI Global Metals & Mining Producers-9.47%1,014,14082.50

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
CNXTMarket Vectors ChinaAMC SME-ChiNext48.66%-0.90%63.20
DXJHWisdomTree Japan Hedged Health Care32.93%1.27%12.07
ASHSDeutsche X-trackers Harvest CSI 500 China-A Shares Small Cap ETF32.48%2.69%37.59
FDNFirst Trust Dow Jones Internet23.12%-1.54%4,608.05
MOMQuantShares U.S. Market Neutral Momentum20.07%1.29%4.10
PNQIPowerShares NASDAQ Internet18.88%-2.04%255.08
DXJFWisdomTree Japan Hedged Financials17.88%0.57%26.99
GRNiPath Global Carbon ETN16.90%-1.79%3.26
DXJSWisdomTree Japan Hedged SmallCap Equity16.34%-0.95%196.93
CHOCiPath Pure Beta Cocoa ETN16.17%2.76%9.37

 

Bottom 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
GAZiPath Bloomberg Natural Gas Subindex Total Return ETN-66.67%-6.94%6.59
CVOLC-Tracks Citi Volatility ETN-56.13%12.97%3.33
PLTMFirst Trust ISE Global Platinum-49.46%-12.21%5.03
XMESPDR S&P Metals and Mining-47.76%-6.40%216.70
FCGFirst Trust ISE-Revere Natural Gas-47.42%-10.53%210.39
KOLMarket Vectors Coal-46.69%-5.10%51.20
JJNiPath Bloomberg Nickel Subindex Total Return ETN-42.44%-3.36%5.89
EWZSiShares MSCI Brazil Small-Cap-41.87%0.12%27.74
BRFMarket Vectors Brazil Small-Cap-41.86%-0.49%75.89
YMLPYorkville High Income MLP-40.90%-8.13%127.06

 

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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