ETF Inflows Pick Up Steam, Now $90B

Investors continued to tiptoe back into ETFs after a solid April.

sumit
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Senior ETF Analyst
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Reviewed by: Sumit Roy
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Edited by: Sumit Roy

Investors followed up on a strong month of ETF inflows in April by putting more money to work during the first week of May. Altogether, they added $3.5 billion to U.S.-listed ETFs during the week ending Thursday, May 3, according to FactSet. Year-to-date inflows now stand at $90.4 billion.

Just as in April, U.S. fixed-income ETFs continued to pick up new money in the first part of May, with inflows of $1.7 billion. They were only slightly edged out by U.S. equity ETFs, which picked up $1.9 billion.

Staying true to how it’s performed all year long, the U.S. stock market had another roller-coaster week. The S&P 500 briefly fell below 2,600 on Thursday before surging nearly 3% from its lows by Friday to last trade around 2,670.

Trade Concerns

Corporate earnings continued to come out strong during the period, but trade concerns lingered after a U.S. delegation to China that included Treasury Secretary Steven Mnuchin failed to reach a deal with its Chinese counterpart to avert a trade war. However, they promised that talks would continue in the coming weeks.

Meanwhile, a Friday jobs report was met by ambivalence. The report, which showed U.S. unemployment dropped to an 18-year low of 3.9% in April, suggested the economy continues to fire on all cylinders. But it also raised the worry that the Fed may have to hike a total of four times this year to stem growing inflation pressures.

The U.S. 10-year Treasury yield was essentially flat week-over-week, last trading around 2.95%.

Individual ETF Flows

No big surprises here: The SPDR S&P 500 ETF Trust (SPY), the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) and the Utilities Select Sector SPDR Fund (XLU) took the top three spots on the inflows list.

On the flip side, the iShares MSCI Emerging Markets ETF (EEM), the iShares Core S&P 500 ETF (IVV) and the Financial Select Sector SPDR Fund (XLF) topped the weekly outflows list.

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 Trust2,243.10253,286.790.89%
HYGiShares iBoxx USD High Yield Corporate Bond ETF743.5715,167.845.16%
XLUUtilities Select Sector SPDR Fund545.777,427.257.93%
VEAVanguard FTSE Developed Markets ETF359.2771,693.200.50%
JNKSPDR Bloomberg Barclays High Yield Bond ETF323.279,328.623.59%
SHYiShares 1-3 Year Treasury Bond ETF274.4412,598.542.23%
BSVVanguard Short-Term Bond ETF249.4524,202.871.04%
IVEiShares S&P 500 Value ETF169.5615,461.831.11%
XLKTechnology Select Sector SPDR Fund157.6420,012.630.79%
VTIVanguard Total Stock Market ETF152.2793,040.810.16%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
EEMiShares MSCI Emerging Markets ETF-869.9140,817.54-2.09%
IVViShares Core S&P 500 ETF-673.70141,229.65-0.47%
XLFFinancial Select Sector SPDR Fund-525.7931,546.48-1.64%
DIASPDR Dow Jones Industrial Average ETF Trust-457.1920,309.98-2.20%
AGGiShares Core U.S. Aggregate Bond ETF-401.4155,178.76-0.72%
XLIIndustrial Select Sector SPDR Fund-309.1412,037.89-2.50%
TLTiShares 20+ Year Treasury Bond ETF-284.677,440.34-3.69%
GLDSPDR Gold Trust-236.1636,282.47-0.65%
TIPiShares TIPS Bond ETF-213.3324,351.84-0.87%
IEFiShares 7-10 Year Treasury Bond ETF-202.958,599.81-2.31%

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity1,925.851,897,519.780.10%
International Equity-229.69843,364.83-0.03%
U.S. Fixed Income1,746.39534,889.310.33%
International Fixed Income146.9163,494.940.23%
Commodities -33.8670,257.86-0.05%
Currency-14.041,403.79-1.00%
Leveraged-45.0034,865.35-0.13%
Inverse-92.1813,594.41-0.68%
Asset Allocation-29.459,092.73-0.32%
Alternatives94.604,253.912.22%
Total:3,469.543,471,488.920.10%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
EDOGALPS Emerging Sector Dividend Dogs ETF16,91385,565505.90%
USEQPowerShares Russell 1000 Enhanced Equal Weight Portfolio13,02949,750381.83%
IHFiShares U.S. Healthcare Providers ETF30,54699,673326.31%
USDUWisdomTree Bloomberg U.S. Dollar Bullish Fund13,69635,733260.91%
PXFPowerShares FTSE RAFI Developed Markets ex-US Portfolio153,651361,512235.28%
AGTiShares MSCI Argentina and Global Exposure ETF31,12462,814201.82%
DIVGlobal X SuperDividend US ETF71,620139,146194.28%
USLBPowerShares Russell 1000 Low Beta Equal Weight Portfolio3,5786,890192.54%
EISiShares MSCI Israel ETF9,73518,011185.02%
EEMSiShares MSCI Emerging Markets Small Cap ETF32,47858,854181.21%

 

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.