ETF Outflows Continue In First Week Of April

Investors continued to shun U.S. equity ETFs after two months of outflows.

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

After registering outflows for two-consecutive months—February and March—ETFs still couldn’t catch a break during the first week of April, as familiar fears about a U.S.-China trade war weighed on sentiment. Investors pulled just over $3 billion out of U.S.-listed ETFs during the five-day period ending April 5, according to FactSet. Year-to-date inflows fell to $57.8 billion.

Once again, U.S. equity ETFs were at the heart of the outflows. Investors pulled $9.7 billion out of the segment, including $6.7 billion from the SPDR S&P 500 ETF Trust (SPY) and $1.1 billion out of the Consumer Staples Select Sector SPDR Fund (XLP).

Meanwhile, just as in February and March, investors bought up international equity and U.S. fixed-income ETFs amid hopes they’d fare better with U.S. protectionist policies front and center.

U.S. fixed-income ETFs saw $4.9 billion worth of inflows. The iShares Short Treasury Bond ETF (SHV), the iShares 20+ Year Treasury Bond ETF (TLT) and the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) were the biggest winners in that space.

The U.S. 10-year bond yield dipped as low as 2.72% on Monday before rebounding to 2.78% as of this writing, still well below the 2.94% high set in February.

In the international equity segment, the iShares Core MSCI Emerging Markets ETF (IEMG) continued to rake in assets, with a weekly inflow of $483 million. Year-to-date, IEMG has inflows of $6.6 billion.

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
SHViShares Short Treasury Bond ETF937.3012,247.848.29%
TLTiShares 20+ Year Treasury Bond ETF849.827,062.9113.68%
HYGiShares iBoxx $ High Yield Corporate Bond ETF611.1014,662.944.35%
XLIIndustrial Select Sector SPDR Fund533.9713,260.274.20%
XLFFinancial Select Sector SPDR Fund503.9832,489.741.58%
IEMGiShares Core MSCI Emerging Markets ETF483.4849,208.800.99%
SHYiShares 1-3 Year Treasury Bond ETF442.2811,952.523.84%
BILSPDR Bloomberg Barclays 1-3 Month T-Bill ETF416.293,478.7813.59%
IVViShares Core S&P 500 ETF380.29140,873.480.27%
FLOTiShares Floating Rate Bond ETF355.778,224.204.52%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-6,706.71248,575.12-2.63%
XLPConsumer Staples Select Sector SPDR Fund-1,127.197,809.68-12.61%
IWMiShares Russell 2000 ETF-1,004.6641,192.99-2.38%
DIASPDR Dow Jones Industrial Average ETF Trust-455.5220,715.43-2.15%
HEFAiShares Currency Hedged MSCI EAFE ETF-415.733,665.58-10.19%
KRESPDR S&P Regional Banking ETF-239.955,048.26-4.54%
IYRiShares U.S. Real Estate ETF-238.343,507.50-6.36%
XLVHealth Care Select Sector SPDR Fund-224.8815,208.70-1.46%
EZUiShares MSCI Eurozone ETF-215.3913,865.32-1.53%
VBVanguard Small-Cap ETF-209.9521,635.53-0.96%

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-9,734.501,885,472.78-0.52%
International Equity155.29829,807.900.02%
U.S. Fixed Income4,916.16527,749.380.93%
International Fixed Income457.8963,833.970.72%
Commodities 825.0070,760.011.17%
Currency12.541,391.150.90%
Leveraged540.3235,554.581.52%
Inverse-175.5113,394.98-1.31%
Asset Allocation-23.108,823.49-0.26%
Alternatives-22.954,337.37-0.53%
Total:-3,048.853,441,125.62-0.09%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
CLTLPowerShares Treasury Collateral Portfolio1,0126,249617.31%
UCIETRACS UBS Bloomberg Constant Maturity Commodity Index TR ETN17,53181,210463.24%
QQXTFirst Trust NASDAQ-100 Ex-Technology Sector Index Fund8,36836,468435.80%
DBEMXtrackers MSCI Emerging Markets Hedged Equity ETF44,939222,075494.17%
PEZPowerShares DWA Consumer Cyclicals Momentum Portfolio3,48413,777395.50%
PXIPowerShares DWA Energy Momentum Portfolio13,19449,778377.28%
COMTiShares Commodities Select Strategy ETF91,296405,373444.02%
FNYFirst Trust Mid Cap Growth AlphaDEX Fund30,904155,135501.99%
EXTWisdomTree U.S. Total Earnings Fund5,58219,960357.56%
FNIFirst Trust Chindia ETF29,475102,096346.38%

 

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.