ETF Inflows Rebound, Now $71B For Year

ETF Inflows Rebound, Now $71B For Year

Stabilization in markets gave investors confidence to tiptoe back into ETFs.

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

A relatively stable week for the stock market gave investors the confidence to tiptoe back into U.S.-listed ETFs. A total of $13.2 billion entered the space in the week ending Thursday, April 12, according to the latest data from FactSet. Year-to-date inflows now stand at $71.2 billion.

Of this week’s inflows, $6.9 billion went into U.S. equity ETFs, as the S&P 500 crept toward the top end of its trading range around 2,660, up from less than 2,600 at its lows.

At the same time, international equity ETFs and U.S. fixed-income ETFs—areas that have been steadily taking in cash all year long—continued to be popular with investors. The former had inflows of just over $1 billion, while the latter had inflows of more than $4 billion.

The U.S. 10-year bond yield rose to 2.83%, up from 2.78% a week ago.

EM Rotation Trade

The usual suspects made up most of the top inflows list. The SPDR S&P 500 ETF Trust (SPY) took the No. 1 spot, followed by the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) and the iShares Russell 2000 ETF (IWM).

The safe-haven SPDR Gold Trust (GLD) also found itself on the top 10. Gold prices are up 3.2% year-to-date.

Perhaps the most interesting name on the list is the PowerShares S&P Emerging Markets Low Volatility Portfolio (EELV), with creations of $424 million.

A nearly equivalent amount of money—$429 million—flowed out of the PowerShares S&P Emerging Markets Momentum Portfolio (EEMO), suggesting that a large investor made a rotation trade from one emerging markets ETF to the other.

The iShares JP Morgan USD Emerging Markets Bond ETF (EMB) and the Technology Select Sector SPDR Fund (XLK) were two other noteworthy names on the 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 Trust4,265.80252,737.701.72%
LQDiShares iBoxx $ Investment Grade Corporate Bond ETF817.6033,095.552.53%
IWMiShares Russell 2000 ETF677.1042,289.031.63%
SHViShares Short Treasury Bond ETF628.4912,879.425.13%
HYGiShares iBoxx $ High Yield Corporate Bond ETF520.3615,323.033.52%
GLDSPDR Gold Trust507.9037,599.301.37%
VTIVanguard Total Stock Market ETF438.5293,127.580.47%
DIASPDR Dow Jones Industrial Average ETF Trust424.2521,082.862.05%
EELVPowerShares S&P Emerging Markets Low Volatility Portfolio423.84707.47149.44%
IEMGiShares Core MSCI Emerging Markets ETF413.5950,494.920.83%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
EFAiShares MSCI EAFE ETF-632.7478,318.29-0.80%
IVViShares Core S&P 500 ETF-552.93140,269.62-0.39%
EEMOPowerShares S&P Emerging Markets Momentum Portfolio-428.9533.12-92.83%
EZUiShares MSCI Eurozone ETF-333.9513,965.66-2.34%
XLIIndustrial Select Sector SPDR Fund-312.6012,769.31-2.39%
BSVVanguard Short-Term Bond ETF-289.8424,082.70-1.19%
VCITVanguard Intermediate-Term Corporate Bond ETF-245.1018,301.03-1.32%
EMBiShares JP Morgan USD Emerging Markets Bond ETF-224.8511,848.35-1.86%
XLKTechnology Select Sector SPDR Fund-189.6220,141.28-0.93%
SJNKSPDR Bloomberg Barclays Short Term High Yield Bond ETF-188.593,789.04-4.74%

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity6,852.141,895,079.390.36%
International Equity1,005.14846,414.430.12%
U.S. Fixed Income4,035.44533,128.010.76%
International Fixed Income354.6064,055.560.55%
Commodities 750.1071,508.701.05%
Currency49.201,428.083.44%
Leveraged-171.3236,007.97-0.48%
Inverse141.6513,330.571.06%
Asset Allocation254.749,135.022.79%
Alternatives-109.974,247.02-2.59%
Total:13,161.723,474,334.740.38%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
HYLVIQ S&P High Yield Low Volatility Bond ETF15,39673,233475.65%
CLRGIQ Chaikin U.S. Large Cap ETF78,704267,192339.49%
ULVMUSAA MSCI USA Value Momentum Blend Index ETF34,786125,002359.35%
TFLOiShares Treasury Floating Rate Bond ETF32,738123,496377.23%
PZTPowerShares New York AMT-Free Municipal Bond Portfolio8,91821,063236.18%
CSMLIQ Chaikin U.S. Small Cap ETF94,357239,743254.08%
FANFirst Trust Global Wind Energy ETF43,77396,468220.38%
JPMBJPMorgan USD Emerging Markets Sovereign Bond ETF270452167.09%
FRNPowerShares Frontier Markets Portfolio80,953160,242197.94%
HFXIIQ 50 Percent Hedged FTSE International ETF81,193141,303174.03%

 

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.