ETF Inflows Surpass Last Year
A strong week for inflows pushes year to date ETF inflows to nearly $133 billion, ahead of last year’s pace.
The Fed’s dovish shift continued to reverberate throughout the markets this week, as investors threw another hefty sum into U.S.-listed ETFs. On net, $10.7 billion flowed into the space, with a relatively even split going into equities and fixed income products.
This week’s inflows added to last week’s strong $28.7 billion haul, and pushed year-to-date inflows up to $132.9 billion, ahead of last year’s $129.4 billion pace.
In last week’s Fed meeting, the U.S. central bank strongly hinted that it might cut interest rates soon, buoying prices for financial assets across the board. That’s resulted in investors buying up ETFs of all stripes, from equities to bonds to commodities.
For the week ending Thursday, June 27, $3.3 billion flowed into U.S. equity ETFs; $619 million went into international equity ETFs; $4.8 billion headed for U.S. fixed income ETFs and $1.7 billion entered commodity ETFs.
Investors Hop Into ‘GLD’
On the inflows side, three Russell equity ETFs topped the list, including the iShares Russell 1000 Value ETF (IWD), with a stellar $4.8 billion haul.
Also popular was the SPDR Gold Trust (GLD), which took in $1.4 billion, as gold prices surged to a six-year high above $1,420/oz.
Meanwhile, the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) and the iShares iBoxx USD Investment Grade Corporate bond ETF (LQD) were the biggest fixed income flows winners of the week, each with creations of more than $1.2 billion.
Big Outflows For ‘IVV’
On the outflows side, the iShares Core S&P 500 ETF (IVV), a product popular among long-term investors, registered outflows of $6.5 billion.
The First Trust Cloud Computing ETF (SKYY) also made the outflows list, with redemptions of $1.1 billion, reversing an equally large inflow last week in what is likely a “heartbeat trade.”
For a full list of this week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
IWD | iShares Russell 1000 Value ETF | 4,795.68 | 43,210.86 | 11.10% |
IWF | iShares Russell 1000 Growth ETF | 3,880.25 | 48,168.03 | 8.06% |
IWP | iShares Russell Mid-Cap Growth ETF | 1,716.89 | 12,427.84 | 13.81% |
HYG | iShares iBoxx USD High Yield Corporate Bond ETF | 1,498.14 | 17,450.60 | 8.59% |
GLD | SPDR Gold Trust | 1,400.95 | 35,911.53 | 3.90% |
IWS | iShares Russell Mid-Cap Value ETF | 1,294.63 | 11,821.00 | 10.95% |
QQQ | Invesco QQQ Trust | 1,239.08 | 74,085.07 | 1.67% |
LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | 1,233.88 | 36,578.73 | 3.37% |
IWR | iShares Russell Mid-Cap ETF | 1,120.52 | 20,302.97 | 5.52% |
IWN | iShares Russell 2000 Value ETF | 1,078.38 | 9,726.84 | 11.09% |
Top 10 Redemptions (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
IVV | iShares Core S&P 500 ETF | -6,494.47 | 174,668.50 | -3.72% |
VO | Vanguard Mid-Cap ETF | -1,671.79 | 25,827.94 | -6.47% |
IWM | iShares Russell 2000 ETF | -1,335.88 | 40,825.45 | -3.27% |
VCIT | Vanguard Intermediate-Term Corporate Bond ETF | -1,207.03 | 23,882.15 | -5.05% |
SKYY | First Trust Cloud Computing ETF | -1,089.06 | 2,160.91 | -50.40% |
HDV | iShares Core High Dividend ETF | -937.49 | 7,265.36 | -12.90% |
VUG | Vanguard Growth ETF | -869.84 | 40,647.75 | -2.14% |
EFA | iShares MSCI EAFE ETF | -628.10 | 60,620.46 | -1.04% |
RSP | Invesco S&P 500 Equal Weight ETF | -626.38 | 15,892.95 | -3.94% |
VB | Vanguard Small-Cap ETF | -579.81 | 24,699.40 | -2.35% |
ETF Weekly Flows By Asset Class
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 3,291.29 | 2,231,504.98 | 0.15% |
International Equity | 618.77 | 822,812.37 | 0.08% |
U.S. Fixed Income | 4,825.64 | 684,498.10 | 0.70% |
International Fixed Income | 854.62 | 77,485.75 | 1.10% |
Commodities | 1,657.13 | 68,563.87 | 2.42% |
Currency | -56.39 | 1,443.10 | -3.91% |
Leveraged | -937.18 | 37,299.25 | -2.51% |
Inverse | 402.09 | 11,980.17 | 3.36% |
Asset Allocation | 50.34 | 9,647.74 | 0.52% |
Alternatives | -22.51 | 4,659.73 | -0.48% |
Total: | 10,683.81 | 3,949,895.06 | 0.27% |
Asset Classes (Year-to-Date)
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 49,653.36 | 2,231,504.98 | 2.23% |
International Equity | 8,436.11 | 822,812.37 | 1.03% |
U.S. Fixed Income | 66,127.98 | 684,498.10 | 9.66% |
International Fixed Income | 8,233.76 | 77,485.75 | 10.63% |
Commodities | 194.93 | 68,563.87 | 0.28% |
Currency | -352.11 | 1,443.10 | -24.40% |
Leveraged | -3,214.93 | 37,299.25 | -8.62% |
Inverse | 3,286.98 | 11,980.17 | 27.44% |
Asset Allocation | -219.81 | 9,647.74 | -2.28% |
Alternatives | 716.29 | 4,659.73 | 15.37% |
Total: | 132,862.55 | 3,949,895.06 | 3.36% |
Top 10 Volume Surprises, Funds >$50 mm AUM
Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
DVEM | WisdomTree Emerging Markets Dividend | 7,540 | 23,862 | 316.45% |
JMIN | JPMorgan U.S. Minimum Volatility ETF | 49,788 | 140,019 | 281.23% |
IGRO | iShares International Dividend Growth ETF | 8,621 | 27,847 | 323.00% |
JMBS | Janus Henderson Mortgage-Backed Securities ETF | 4,898 | 12,938 | 264.17% |
TTAC | TrimTabs All Cap U.S. Free-Cash-Flow ETF | 14,311 | 43,396 | 303.24% |
FLQE | Franklin LibertyQ Emerging Markets ETF | 22,709 | 75,791 | 333.75% |
DGS | WisdomTree Emerging Markets SmallCap Dividend Fund | 119,742 | 406,214 | 339.24% |
NFRA | FlexShares STOXX Global Broad Infrastructure Index Fund | 103,845 | 344,418 | 331.67% |
FIBR | iShares Edge U.S. Fixed Income Balanced Risk ETF | 17,989 | 47,015 | 261.36% |
AGZD | WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 9,718 | 15,384 | 158.30% |
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.