ETF Inflows Hit $353B As 'SPY' & 'IVV' Diverge

Annual inflows into U.S.-listed ETFs hit fresh record highs as global stock markets climbed to lofty levels.

sumit
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Senior ETF Analyst
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Reviewed by: Sumit Roy
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Edited by: Sumit Roy
 
Stock markets and ETF inflows continued to ascend to record highs this week as investor confidence remained strong. A total of $8.3 billion flowed into U.S.-listed exchange-traded funds, pushing year-to-date inflows to $353.1 billion.
 
There's seemingly no end in sight to the deluge of money that's been headed into ETFs, with asset classes across the board benefiting. 
 
The only thing that changes from week to week is which segment of the ETF universe benefits the most. This time it was international equity ETFs that garnered the strongest inflows, at $4.1 billion. That was followed by U.S. equity ETFs, with inflows of $1.8 billion, and U.S. fixed-income ETFs, with inflows of $1.7 billion.
 
All-Time Global Highs 
During the week, the S&P 500 crept up to yet another all-time high. The index was last trading around 2,557, for a year-to-date gain of nearly 16%. 
 
Other milestones reached during the week included an all-time high for the MSCI World Index; a 21-year high for Japanese stocks; and a six-year high for emerging markets.
 
Meanwhile, in fixed-income markets, the U.S. 10-year Treasury bond yield sagged to its lowest point since late September, at 2.28%, even as Federal Reserve officials signaled that a December rate hike is likely. 
 
The Fed news was offset by reports about the European Central Bank, which, according to sources, may extend its quantitative easing program by nine months, until September of next year. Monthly bond purchases are expected to be cut in half, to 30 billion euros, starting in January, if sources are correct.
 
'IVV' & 'SPY' Diverge 
In terms of weekly flows winners and losers, the top spot went to the iShares Core S&P 500 ETF (IVV), with an inflow of $1.3 billion. IVV also holds the mantle as the biggest flows winner year-to-date, with inflows totaling a whopping $25.2 billion.
 
The iShares Core MSCI Emerging Markets ETF (IEMG) and the iShares Core MSCI EAFE ETF (IEFA) were other popular products during the week, with creations of $962 million and $863 million, respectively.
 
On the outflows side, the SPDR S&P 500 ETF Trust (SPY) was the biggest loser, with a redemption of $866 million. Year-to-date outflows for the fund total $10.8 billion and stand in sharp contrast to IVV.
 
 
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
IVViShares Core S&P 500 ETF1,255.48129,846.690.98%
IEMGiShares Core MSCI Emerging Markets ETF961.7138,590.782.56%
IEFAiShares Core MSCI EAFE ETF863.2438,148.452.32%
XLIIndustrial Select Sector SPDR Fund629.2012,682.095.22%
VTIVanguard Total Stock Market ETF474.7885,955.070.56%
VVVanguard Large-Cap ETF462.7810,378.494.67%
HYGiShares iBoxx $ High Yield Corporate Bond ETF370.3620,247.911.86%
QQQPowerShares QQQ Trust345.7053,155.800.65%
ITOTiShares Core S&P Total U.S. Stock Market ETF338.6011,687.822.98%
VWOVanguard FTSE Emerging Markets ETF317.4664,417.710.50%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-866.49244,528.24-0.35%
XLUUtilities Select Sector SPDR Fund-528.947,509.91-6.58%
XLPConsumer Staples Select Sector SPDR Fund-402.237,822.56-4.89%
EWPiShares MSCI Spain Capped ETF-364.341,080.47-25.22%
TLTiShares 20+ Year Treasury Bond ETF-323.088,670.63-3.59%
IWBiShares Russell 1000 ETF-312.6119,460.18-1.58%
FEXFirst Trust Large Cap Core AlphaDEX Fund-295.311,490.88-16.53%
MDYSPDR S&P Midcap 400 ETF Trust-239.6719,184.77-1.23%
XLVHealth Care Select Sector SPDR Fund-232.3517,709.35-1.30%
FTAFirst Trust Large Cap Value AlphaDEX Fund-209.921,044.15-16.74%

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity1,799.221,775,130.580.10%
International Equity4,093.75749,732.150.55%
U.S. Fixed Income1,657.75510,514.980.32%
International Fixed Income192.5155,231.670.35%
Commodities ETFs97.5466,479.080.15%
Currency27.961,332.122.10%
Leveraged426.6530,563.221.40%
Inverse-100.7517,153.29-0.59%
Asset Allocation73.158,524.520.86%
Alternatives15.744,074.340.39%
Total:8,283.523,218,735.960.26%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
VVVanguard Large-Cap ETF270,4811,091,034403.37%
MLPZETRACS 2xMonthly Leveraged S&P MLP Index ETN Series B282963341.35%
NORWGlobal X MSCI Norway ETF185,944682,271366.92%
HYLBDeutsche X-trackers USD High Yield Corporate Bond ETF30,277155,396513.24%
IWLiShares Russell Top 200 ETF5,04119,936395.45%
DEUSDeutsche X-trackers Russell 1000 Comprehensive Factor ETF44,056140,039317.86%
ELDWisdomTree Emerging Markets Local Debt Fund39,570141,944358.71%
SIZEiShares Edge MSCI USA Size Factor ETF22,13049,522223.78%
CCORCambria Core Equity ETF17,51736,246206.92%
IWViShares Russell 3000 ETF148,225287,894194.23%

 

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.

 

 

Sumit Roy is the senior ETF analyst for etf.com, where he has worked for 13 years. He creates a variety of content for the platform, including news articles, analysis pieces, videos and podcasts.

Before joining etf.com, Sumit was the managing editor and commodities analyst for Hard Assets Investor. In those roles, he was responsible for most of the operations of HAI, a website dedicated to education about commodities investing.

Though he still closely follows the commodities beat, Sumit covers a much broader assortment of topics for etf.com, with a particular focus on stock and bond exchange-traded funds.

He is the host of etf.com’s Talk ETFs, a popular video series that features weekly interviews with thought leaders in the ETF industry. Sumit is also co-host of Exchange Traded Fridays, etf.com’s weekly podcast series.

He lives in the San Francisco Bay Area, where he enjoys climbing the city’s steep hills, playing chess and snowboarding in Lake Tahoe.