Equity ETFs See Inflows Despite Sell-Off

etf.com Staff

Nov 13, 2015

Reviewed by: etf.com Staff

Edited by: etf.com Staff

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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)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
IWB	iShares Russell 1000	2,381.33	14,912.97	19.00%
AGG	iShares Core U.S. Aggregate Bond	1,222.97	28,764.88	4.44%
IEFA	iShares Core MSCI EAFE	1,020.19	8,278.98	14.05%
SPY	SPDR S&P 500	883.27	177,576.35	0.50%
EFA	iShares MSCI EAFE	689.66	57,857.04	1.21%
IWM	iShares Russell 2000	594.70	27,576.42	2.20%
DIA	SPDR Dow Jones Industrial Average Trust	559.46	12,502.91	4.68%
FXE	CurrencyShares Euro	479.43	827.14	137.88%
HEDJ	WisdomTree Europe Hedged Equity	421.47	20,889.67	2.06%
VOO	Vanguard S&P 500	385.13	38,784.46	1.00%

Top 10 Redemptions (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
JNK	SPDR Barclays High Yield Bond	-897.35	10,847.26	-7.64%
XLI	Industrial Select SPDR	-744.09	6,444.39	-10.35%
XLU	Utilities Select SPDR	-510.18	5,820.77	-8.06%
LQD	iShares iBoxx $ Investment Grade Corporate Bond	-481.81	23,423.78	-2.02%
IEF	iShares 7-10 Year Treasury Bond	-453.67	8,337.93	-5.16%
GLD	SPDR Gold	-347.71	23,138.76	-1.48%
EWT	iShares MSCI Taiwan	-334.80	2,885.22	-10.40%
HYG	iShares iBoxx $ High Yield Corporate Bond	-292.58	15,200.95	-1.89%
XLP	Consumer Staples Select SPDR	-284.93	7,651.11	-3.59%
XLF	Financial Select SPDR	-276.07	18,519.76	-1.47%

ETF Weekly Flows By Asset Class

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	4,570.86	1,164,208.14	0.08%
International Equity	2,359.65	487,672.08	0.10%
U.S. Fixed Income	-1,101.81	326,757.22	-0.07%
International Fixed Income	146.26	26,727.53	0.11%
Commodities	-26.56	48,029.41	-0.01%
Currency	589.04	1,956.70	7.61%
Leveraged	420.79	22,798.42	0.36%
Inverse	-249.60	19,985.48	-0.25%
Asset Allocation	51.69	5,410.01	0.19%
Alternatives	5.79	3,278.82	0.04%
Total:	6,766.11	2,106,823.82	0.06%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker	Name	Average Volume (30 Day)	1 Week Average Volume	% of Average
GII	SPDR S&P Global Infrastructure	26,252	103,831	395.52%
TUTT	Tuttle Tactical Management U.S. Core	27,618	52,332	189.49%
IOO	iShares Global 100	32,584	75,526	231.79%
DSUM	PowerShares Chinese Yuan Dim Sum Bond	43,379	125,004	288.17%
FTSL	First Trust Senior Loan	85,993	153,289	178.26%
VCR	Vanguard Consumer Discretionary	218,150	339,047	155.42%
GNR	SPDR Global Natural Resources	254,712	322,459	126.60%
SPXH	Janus Velocity Volatility Hedged Large Cap	5,236	8,461	161.58%
ALFA	AlphaClone Alternative Alpha	45,141	60,335	133.66%
VNQI	Vanguard Global ex-U.S. Real Estate	285,439	407,409	142.73%

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

Ticker	Name	Weekly Performance	Weekly Volume	AUM ($, mm)
CVOL	C-Tracks Citi Volatility ETN	13.91%	391,324	3.33
VIIX	VelocityShares VIX Short Term ETN	11.56%	816,301	8.34
VXX	iPath S&P 500 VIX Short-Term Futures ETN	11.50%	269,880,956	997.79
VIXY	ProShares VIX Short-Term	11.42%	8,173,521	112.54
VXUP	AccuShares Spot CBOE VIX Up Shares	8.29%	18,293	2.30
VIXM	ProShares VIX Mid-term	5.93%	103,189	28.64
VXZ	iPath S&P 500 VIX Mid-Term Futures ETN	5.77%	1,122,041	55.40
ASHS	Deutsche X-trackers Harvest CSI 500 China-A Shares Small Cap ETF	5.20%	427,096	37.59
CNXT	Market Vectors ChinaAMC SME-ChiNext	2.91%	459,835	63.20
DXJH	WisdomTree Japan Hedged Health Care	2.67%	123,412	12.07

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

Ticker	Name	Weekly Performance	Weekly Volume	AUM ($, mm)
PLTM	First Trust ISE Global Platinum	-12.21%	66,326	5.03
COPX	Global X Copper Miners	-11.84%	211,432	16.65
FCG	First Trust ISE-Revere Natural Gas	-11.62%	11,353,041	210.39
CU	First Trust ISE Global Copper	-10.78%	38,451	13.02
GAZ	iPath Bloomberg Natural Gas Subindex Total Return ETN	-10.67%	272,456	6.59
YGRO	RBC ETNs Linked to Yorkville MLP Distribution Growth Leaders Liquid PR Index	-10.60%	16,959	20.49
TAN	Guggenheim Solar	-10.54%	622,490	240.74
NINI	iPath Pure Beta Nickel ETN	-9.89%	2,237	0.81
PGM	iPath Bloomberg Platinum Subindex Total Return ETN	-9.51%	5,938	8.58
PICK	iShares MSCI Global Metals & Mining Producers	-9.47%	1,014,140	82.50

Top 10 YTD Performers

Ticker	Name	YTD Performance	Weekly Performance	AUM ($, mm)
CNXT	Market Vectors ChinaAMC SME-ChiNext	48.66%	-0.90%	63.20
DXJH	WisdomTree Japan Hedged Health Care	32.93%	1.27%	12.07
ASHS	Deutsche X-trackers Harvest CSI 500 China-A Shares Small Cap ETF	32.48%	2.69%	37.59
FDN	First Trust Dow Jones Internet	23.12%	-1.54%	4,608.05
MOM	QuantShares U.S. Market Neutral Momentum	20.07%	1.29%	4.10
PNQI	PowerShares NASDAQ Internet	18.88%	-2.04%	255.08
DXJF	WisdomTree Japan Hedged Financials	17.88%	0.57%	26.99
GRN	iPath Global Carbon ETN	16.90%	-1.79%	3.26
DXJS	WisdomTree Japan Hedged SmallCap Equity	16.34%	-0.95%	196.93
CHOC	iPath Pure Beta Cocoa ETN	16.17%	2.76%	9.37

Bottom 10 YTD Performers

Ticker	Name	YTD Performance	Weekly Performance	AUM ($, mm)
GAZ	iPath Bloomberg Natural Gas Subindex Total Return ETN	-66.67%	-6.94%	6.59
CVOL	C-Tracks Citi Volatility ETN	-56.13%	12.97%	3.33
PLTM	First Trust ISE Global Platinum	-49.46%	-12.21%	5.03
XME	SPDR S&P Metals and Mining	-47.76%	-6.40%	216.70
FCG	First Trust ISE-Revere Natural Gas	-47.42%	-10.53%	210.39
KOL	Market Vectors Coal	-46.69%	-5.10%	51.20
JJN	iPath Bloomberg Nickel Subindex Total Return ETN	-42.44%	-3.36%	5.89
EWZS	iShares MSCI Brazil Small-Cap	-41.87%	0.12%	27.74
BRF	Market Vectors Brazil Small-Cap	-41.86%	-0.49%	75.89
YMLP	Yorkville 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.

etf.com Staff

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Equity ETFs See Inflows Despite Sell-Off

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