ETF Inflows Hit Annual Record: $292B
Annual inflows for 2017 hit a record high for a second-straight week.
After breaking the annual inflows record from 2016 last week, 2017 ETF inflows continued to climb into uncharted territory this week.
According to the latest data from FactSet, investors added $3.9 billion into U.S.-listed ETFs during the week ending Thursday, Aug. 24, bringing the year-to-date haul to $292.3 billion.
Every ETF segment had positive flows during the week, including U.S. equity ETFs, with creations of $543 million; international equity ETFs, with creations of $936 million; U.S. fixed-income ETFs, with creations of $831 million; and commodity ETFs, with creations of $344 million.
In terms of performance, stocks struggled, and fixed-income securities caught a bid, as investors nervously considered President Trump's threat to shut down the government if Congress refuses to include money for a border wall in its spending bill. The deadline to lift the country's debt ceiling is also fast approaching, and may be hit by Sept. 29 if Congress doesn't act.
Utility ETF Hits New Highs
Volatility products continued to be active on the top creations list. The iPath S&P 599 VIX Short-Term Futures ETN (VXX) and the VelocityShares Daily Inverse VIX Short-Term ETN (XIV) had inflows of $291 million and $214 million, respectively.
Another standout on the list was the Utilities Select Sector SPDR Fund (XLU), which had inflows of $215 million. The utilities sector ETF surged to a record high this week, bringing its year-to-date gains to 13.2%, the third-best-performing sector return of 2017 behind tech and health care.
Meanwhile, on the outflows side, four sector ETFs made an appearance. The Consumer Discretionary Select Sector SPDR Fund (XLY), the Health Care Select Sector SPDR Fund (XLV), the Consumer Staples Select Sector SPDR Fund (XLP) and the Industrial Select Sector SPDR Fund (XLI) had outflows ranging from $300 million to $900 million.
For a full list of this week's top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
SPY | SPDR S&P 500 ETF Trust | 2,775.39 | 241,796.18 | 1.16% |
IWM | iShares Russell 2000 ETF | 1,271.31 | 36,285.85 | 3.63% |
VEA | Vanguard FTSE Developed Markets ETF | 860.28 | 59,976.25 | 1.46% |
AGG | iShares Core U.S. Aggregate Bond ETF | 483.81 | 49,993.29 | 0.98% |
VXX | iPath S&P 500 VIX Short-Term Futures ETN | 291.49 | 335.30 | 665.36% |
TLT | iShares 20+ Year Treasury Bond ETF | 265.98 | 7,326.97 | 3.77% |
SCHD | Schwab US Dividend Equity ETF | 263.88 | 5,979.59 | 4.62% |
JNK | SPDR Bloomberg Barclays High Yield Bond ETF | 258.34 | 11,940.33 | 2.21% |
XLU | Utilities Select Sector SPDR Fund | 215.14 | 7,875.10 | 2.81% |
XIV | VelocityShares Daily Inverse VIX Short-Term ETN | 214.37 | 1,153.12 | 22.84% |
Top 10 Redemptions (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
QQQ | PowerShares QQQ Trust | -1,033.62 | 50,925.70 | -1.99% |
HYG | iShares iBoxx $ High Yield Corporate Bond ETF | -910.61 | 17,804.55 | -4.87% |
XLY | Consumer Discretionary Select Sector SPDR Fund | -893.68 | 11,506.71 | -7.21% |
XLV | Health Care Select Sector SPDR Fund | -580.04 | 17,112.87 | -3.28% |
MDY | SPDR S&P Midcap 400 ETF Trust | -510.06 | 17,381.45 | -2.85% |
SMH | VanEck Vectors Semiconductor ETF | -419.48 | 629.07 | -40.01% |
XLP | Consumer Staples Select Sector SPDR Fund | -313.33 | 8,116.06 | -3.72% |
XLI | Industrial Select Sector SPDR Fund | -295.77 | 11,590.55 | -2.49% |
IVV | iShares Core S&P 500 ETF | -232.81 | 121,008.63 | -0.19% |
IWD | iShares Russell 1000 Value ETF | -230.39 | 35,478.04 | -0.65% |
ETF Weekly Flows By Asset Class
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 543.40 | 1,675,810.91 | 0.03% |
International Equity | 935.50 | 705,709.77 | 0.13% |
U.S. Fixed Income | 831.44 | 496,044.83 | 0.17% |
International Fixed Income | 129.11 | 53,399.87 | 0.24% |
Commodities | 343.50 | 62,912.48 | 0.55% |
Currency | 15.73 | 1,420.78 | 1.11% |
Leveraged | 384.18 | 28,690.20 | 1.34% |
Inverse | 354.93 | 17,883.54 | 1.98% |
Asset Allocation | 31.79 | 7,339.13 | 0.43% |
Alternatives | 312.84 | 3,300.43 | 9.48% |
Total: | 3,882.44 | 3,052,511.94 | 0.13% |
Top 10 Volume Surprises, Funds >$50 mm AUM
Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
IBCD | iShares iBonds Mar 2020 Term Corporate ex-Financials ETF | 17,318 | 90,752 | 524.03% |
INXX | Columbia India Infrastructure ETF | 33,667 | 126,051 | 374.41% |
DFJ | WisdomTree Japan SmallCap Dividend Fund | 80,433 | 235,185 | 292.40% |
IAGG | iShares Core International Aggregate Bond ETF | 64,369 | 190,994 | 296.72% |
GIGB | Goldman Sachs Access Investment Grade Corporate Bond ETF | 114,197 | 261,808 | 229.26% |
LRGF | iShares Edge MSCI Multifactor USA ETF | 193,625 | 873,602 | 451.18% |
FIEU | Credit Suisse FI Enhanced Europe 50 ETN | 1,084 | 2,637 | 243.24% |
CATH | Global X S&P 500 Catholic Values | 16,426 | 32,129 | 195.60% |
DGRW | WisdomTree US Quality Dividend Growth Fund | 230,948 | 567,202 | 245.60% |
FVL | First Trust Value Line 100 ETF | 5,860 | 12,250 | 209.05% |
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.