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.

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

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)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
IWDiShares Russell 1000 Value ETF4,795.6843,210.8611.10%
IWFiShares Russell 1000 Growth ETF3,880.2548,168.038.06%
IWPiShares Russell Mid-Cap Growth ETF1,716.8912,427.8413.81%
HYGiShares iBoxx USD High Yield Corporate Bond ETF1,498.1417,450.608.59%
GLDSPDR Gold Trust1,400.9535,911.533.90%
IWSiShares Russell Mid-Cap Value ETF1,294.6311,821.0010.95%
QQQInvesco QQQ Trust1,239.0874,085.071.67%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF1,233.8836,578.733.37%
IWRiShares Russell Mid-Cap ETF1,120.5220,302.975.52%
IWNiShares Russell 2000 Value ETF1,078.389,726.8411.09%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
IVViShares Core S&P 500 ETF-6,494.47174,668.50-3.72%
VOVanguard Mid-Cap ETF-1,671.7925,827.94-6.47%
IWMiShares Russell 2000 ETF-1,335.8840,825.45-3.27%
VCITVanguard Intermediate-Term Corporate Bond ETF-1,207.0323,882.15-5.05%
SKYYFirst Trust Cloud Computing ETF-1,089.062,160.91-50.40%
HDViShares Core High Dividend ETF-937.497,265.36-12.90%
VUGVanguard Growth ETF-869.8440,647.75-2.14%
EFAiShares MSCI EAFE ETF-628.1060,620.46-1.04%
RSPInvesco S&P 500 Equal Weight ETF-626.3815,892.95-3.94%
VBVanguard Small-Cap ETF-579.8124,699.40-2.35%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity3,291.292,231,504.980.15%
International Equity618.77822,812.370.08%
U.S. Fixed Income4,825.64684,498.100.70%
International Fixed Income854.6277,485.751.10%
Commodities 1,657.1368,563.872.42%
Currency-56.391,443.10-3.91%
Leveraged-937.1837,299.25-2.51%
Inverse402.0911,980.173.36%
Asset Allocation50.349,647.740.52%
Alternatives-22.514,659.73-0.48%
Total:10,683.813,949,895.060.27%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity49,653.362,231,504.982.23%
International Equity8,436.11822,812.371.03%
U.S. Fixed Income66,127.98684,498.109.66%
International Fixed Income8,233.7677,485.7510.63%
Commodities 194.9368,563.870.28%
Currency-352.111,443.10-24.40%
Leveraged-3,214.9337,299.25-8.62%
Inverse3,286.9811,980.1727.44%
Asset Allocation-219.819,647.74-2.28%
Alternatives716.294,659.7315.37%
Total:132,862.553,949,895.063.36%

 

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
DVEMWisdomTree Emerging Markets Dividend7,54023,862316.45%
JMINJPMorgan U.S. Minimum Volatility ETF49,788140,019281.23%
IGROiShares International Dividend Growth ETF8,62127,847323.00%
JMBSJanus Henderson Mortgage-Backed Securities ETF4,89812,938264.17%
TTACTrimTabs All Cap U.S. Free-Cash-Flow ETF14,31143,396303.24%
FLQEFranklin LibertyQ Emerging Markets ETF22,70975,791333.75%
DGSWisdomTree Emerging Markets SmallCap Dividend Fund119,742406,214339.24%
NFRAFlexShares STOXX Global Broad Infrastructure Index Fund103,845344,418331.67%
FIBRiShares Edge U.S. Fixed Income Balanced Risk ETF17,98947,015261.36%
AGZDWisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund9,71815,384158.30%

 

 

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.

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.