ETF Asset Inflows Remain Strong In Sept At More Than $17B

Investors added almost $8 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

Demand for U.S.-listed ETFs finished September on a positive note. Inflows into all ETFs totaled nearly $8 billion in the week ending Thursday, Sept. 29, according to FactSet, pushing inflows for the month to around $17 billion. Assets under management in all ETFs is now $2.42 trillion, up from $2.07 trillion at the start of the year amid a combination of inflows and price appreciation.

In the latest week, U.S. equity ETFs accounted for the bulk of inflows, gathering $6.2 billion. In contrast, international equity ETFs had outflows of $1.4 billion.

U.S. fixed-income ETFs saw inflows of $2.9 billion; international fixed-income ETFs saw inflows of $220 million; and commodity ETFs saw inflows of $40 million.

Junk Bond ETFs In Vogue
In terms of individual ETFs, two junk bond products were popular. The iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and the SPDR Barclays High Yield Bond ETF (JNK) had inflows of $833 million and $564 million, respectively. 

Also seeing interest was the Real Estate Sector SPDR Fund (XLRE), with inflows of $446 million. Earlier in September, real estate became a stand-alone sector outside of financials, giving a boost to XLRE's asset base.

Meanwhile, energy ETFs were in focus this week, after OPEC unexpectedly cut production on Wednesday. The news sent crude oil prices soaring almost 8% to $48, and fueling outsized gains in the various energy ETFs. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) was a big beneficiary of the OPEC cut. It rallied almost 10% between Wednesday and Friday, and had inflows of $429 million in the week ending Thursday.

EAFE ETFs Bled Assets
On the outflows side, the Deutsche X-trackers MSCI EAFE Hedged Equity ETF (DBEF) continued to bleed assets. DBEF had outflows of nearly $1 billion, matching last week's outflows of just over $1 billion. The iShares MSCI EAFE ETF (EFA) was another EAFE-focused fund that had big outflows, to the tune of $567 million.

Both ETFs have heavy exposure to Japan and Europe, which are regions that have been out of favor with investors for months now. This week's news that Deutsche Bank, one of Europe's largest banks, was struggling and could need government assistance to survive, only further dampened sentiment for these ETFs.

Other notable losers this week included the Vanguard Financials Index Fund (VFH), with outflows of $459 million, or 12.4% of assets, and the VanEck Vectors Semiconductor ETF (SMH), with outflows of $204 million, or 27.8% of its assets.

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
SPYSPDR S&P 500 ETF Trust1,817.53199,167.760.92%
HYGiShares iBoxx $ High Yield Corporate Bond ETF1,000.9816,631.496.40%
IWMiShares Russell 2000 ETF833.9928,848.792.98%
JNKSPDR Barclays High Yield Bond ETF564.0412,261.654.82%
IVViShares Core S&P 500 ETF459.0579,698.610.58%
XLREReal Estate Select Sector SPDR Fund446.223,292.6815.68%
XOPSPDR S&P Oil & Gas Exploration & Production ETF428.712,290.3623.03%
LQDiShares iBoxx $ Investment Grade Corporate Bond ETF404.5833,162.621.24%
XLYConsumer Discretionary Select Sector SPDR Fund297.189,549.223.21%
AGGiShares Core U.S. Aggregate Bond ETF291.8041,705.290.70%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
DBEFDeutsche X-trackers MSCI EAFE Hedged Equity ETF-986.727,946.22-11.05%
EFAiShares MSCI EAFE ETF-566.4559,375.64-0.94%
VFHVanguard Financials Index Fund-458.633,236.19-12.41%
SHYiShares 1-3 Year Treasury Bond ETF-374.0310,605.39-3.41%
TLTiShares 20+ Year Treasury Bond ETF-369.047,263.23-4.84%
DIASPDR Dow Jones Industrial Average ETF Trust-229.3912,461.03-1.81%
SMHVanEck Vectors Semiconductor ETF-204.05528.11-27.87%
EWJiShares MSCI Japan ETF-182.3814,187.65-1.27%
HEDJWisdomTree Europe Hedged Equity Fund-176.469,134.49-1.90%
HEFAiShares Currency Hedged MSCI EAFE ETF-161.783,141.38-4.90%

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity6,216.781,331,123.750.47%
International Equity-1,361.26510,538.03-0.27%
U.S. Fixed Income2,873.54408,144.840.70%
International Fixed Income223.7741,566.670.54%
Commodities44.2274,505.000.06%
Currency14.211,346.731.06%
Leveraged-170.4224,671.59-0.69%
Inverse137.2119,684.180.70%
Asset Allocation13.696,429.430.21%
Alternatives0.334,500.270.01%
Total:7,992.072,422,510.500.33%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
AUNZWisdomTree Australia & New Zealand Debt Fund264,2861,857,232702.73%
SMINiShares MSCI India Small Cap ETF30,454158,846521.60%
DIVCC-Tracks ETN - Miller/Howard Strategic Dividend Reinvestor6032,550422.55%
IBCDiShares iBonds Mar 2020 Term Corporate ex-Financials ETF26,533105,087396.05%
RYEGuggenheim S&P 500 Equal Weight Energy ETF58,203217,792374.19%
GNMAiShares GNMA Bond ETF37,35579,200212.02%
GSIEGoldman Sachs ActiveBeta International Equity ETF74,055136,653184.53%
ILBPIMCO Global Advantage Inflation-Linked Bond Active ETF6,46836,674566.96%
GEXVanEck Vectors Global Alternative Energy ETF2,8385,885207.32%
PTNQPacer Trendpilot 100 ETF13,03024,584188.66%

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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