ETF Weekly Flows: Sector Shifts Surface
Financials ETF ‘XLF’ falls into favor as basic materials fund ‘XLB’ falls out.
As we enter the fourth quarter with year’s end in sight, this week’s weekly ETF flows investors appear to be adjusting sector holdings.
For the week ending Thursday, Oct. 10, overall U.S.-listed assets grew by $2.5 billion, with U.S. fixed income attracting $2.1 billion as U.S. equities saw almost $825 million in outflows. Year to date, ETFs have seen $195.5 billion in new assets, slightly behind last year’s record pace.
Despite corralling the lion’s share of assets, only one U.S. fixed income fund, the iShares U.S. Treasury Bond ETF (GOVT), made the top 10 list for inflows, suggesting a wider allocation to U.S. fixed income ETFs as a whole.
Sector Rotations Surface
The financials sector ETF Financial Select Sector SPDR Fund (XLF) saw renewed interest despite the trend of lower interest rates showing no signs of abating. The fund took in $836 million, or nearly a 4% gain in assets under management.
On the flip side, the Materials Select Sector SPDR Fund (XLB) lost more than 20% of its AUM in the past week, shedding $653 million in assets. Also, the Utilities Select Sector SPDR Fund (XLU) saw $430 million in outflows, a nearly 4% drop, and the SPDR S&P Biotech ETF (XBI) lost 10% of its assets, with redemptions of $358 million.
Total assets in U.S.-listed ETFs now stand at slightly more than $4 trillion.
Drew Voros can be reached at [email protected]
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| IVV | iShares Core S&P 500 ETF | 1,102.67 | 184,446.44 | 0.60% |
| XLF | Financial Select Sector SPDR Fund | 836.93 | 22,132.81 | 3.78% |
| VTI | Vanguard Total Stock Market ETF | 565.77 | 120,883.72 | 0.47% |
| IWS | iShares Russell Mid-Cap Value ETF | 530.37 | 11,177.05 | 4.75% |
| USMV | iShares Edge MSCI Min Vol U.S.A. ETF | 496.41 | 35,681.05 | 1.39% |
| VIG | Vanguard Dividend Appreciation ETF | 382.71 | 38,333.96 | 1.00% |
| GOVT | iShares U.S. Treasury Bond ETF | 378.75 | 14,973.44 | 2.53% |
| IAU | iShares Gold Trust | 364.78 | 17,000.20 | 2.15% |
| QUAL | iShares Edge MSCI U.S.A. Quality Factor ETF | 354.61 | 12,506.41 | 2.84% |
| EWJ | iShares MSCI Japan ETF | 303.68 | 11,811.03 | 2.57% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| VOO | Vanguard S&P 500 ETF | -2,991.81 | 116,372.91 | -2.57% |
| SPY | SPDR S&P 500 ETF Trust | -1,089.60 | 264,844.10 | -0.41% |
| XLB | Materials Select Sector SPDR Fund | -653.00 | 3,263.97 | -20.01% |
| JNK | SPDR Bloomberg Barclays High Yield Bond ETF | -579.91 | 9,399.90 | -6.17% |
| LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | -536.88 | 35,166.30 | -1.53% |
| XLU | Utilities Select Sector SPDR Fund | -430.52 | 11,182.35 | -3.85% |
| MTUM | iShares Edge MSCI U.S.A. Momentum Factor ETF | -362.73 | 9,285.93 | -3.91% |
| XBI | SPDR S&P Biotech ETF | -357.50 | 3,361.88 | -10.63% |
| NEAR | iShares Short Maturity Bond ETF | -324.27 | 6,265.55 | -5.18% |
| IWM | iShares Russell 2000 ETF | -302.14 | 41,071.87 | -0.74% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | -824.30 | 2,254,611.05 | -0.04% |
| International Equity | 297.40 | 787,978.85 | 0.04% |
| U.S. Fixed Income | 2,104.38 | 729,842.90 | 0.29% |
| International Fixed Income | 395.19 | 83,622.07 | 0.47% |
| Commodities | 417.59 | 81,809.60 | 0.51% |
| Currency | 31.99 | 1,535.89 | 2.08% |
| Leveraged | 13.53 | 34,748.89 | 0.04% |
| Inverse | 95.67 | 12,655.68 | 0.76% |
| Asset Allocation | 14.55 | 10,083.11 | 0.14% |
| Alternatives | -39.25 | 4,599.35 | -0.85% |
| Total: | 2,506.75 | 4,001,487.39 | 0.06% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 75,180.71 | 2,254,611.05 | 3.33% |
| International Equity | -3,156.60 | 787,978.85 | -0.40% |
| U.S. Fixed Income | 101,608.22 | 729,842.90 | 13.92% |
| International Fixed Income | 13,576.61 | 83,622.07 | 16.24% |
| Commodities | 9,415.33 | 81,809.60 | 11.51% |
| Currency | -249.05 | 1,535.89 | -16.22% |
| Leveraged | -6,266.59 | 34,748.89 | -18.03% |
| Inverse | 4,612.67 | 12,655.68 | 36.45% |
| Asset Allocation | 234.44 | 10,083.11 | 2.33% |
| Alternatives | 625.82 | 4,599.35 | 13.61% |
| Total: | 195,581.56 | 4,001,487.39 | 4.89% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
| ONEO | SPDR Russell 1000 Momentum Focus | 2,084 | 10,512 | 504.51% |
| MMIN | IQ MacKay Municipal Insured ETF | 35,982 | 157,127 | 436.68% |
| AGGE | IQ Enhanced Core Bond U.S. ETF | 63,197 | 217,346 | 343.92% |
| QAT | iShares MSCI Qatar ETF | 12,998 | 47,327 | 364.10% |
| IQIN | IQ 500 International ETF | 33,678 | 108,314 | 321.62% |
| CLRG | IQ Chaikin U.S. Large Cap ETF | 111,876 | 343,436 | 306.98% |
| HFXI | IQ 50 Percent Hedged FTSE International ETF | 144,208 | 391,049 | 271.17% |
| BIBL | Inspire 100 ETF | 19,454 | 60,531 | 311.15% |
| AGGP | IQ Enhanced Core Plus Bond U.S. ETF | 53,981 | 144,315 | 267.34% |
| PFI | Invesco DWA Financial Momentum ETF | 25,337 | 151,653 | 598.55% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| BDRY | Breakwave Dry Bulk Shipping ETF | 7.38% | 21,288 | 2.20 |
| VXX | iPath Series B S&P 500 VIX Short Term Futures ETN | 5.27% | 132,930,953 | 921.17 |
| VIXY | ProShares VIX Short-Term Futures ETF | 5.05% | 11,697,648 | 299.41 |
| VIIX | VelocityShares Daily Long VIX Short-Term ETN | 4.99% | 200,499 | 24.71 |
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | 3.01% | 275,394 | 30.87 |
| VIXM | ProShares VIX Mid-Term Futures ETF | 2.55% | 151,924 | 50.61 |
| USOI | Credit Suisse X-Links Crude Oil Shares Covered Call ETN | 2.47% | 9,751 | 9.22 |
| GRU | Elements MLCX Grains Index-Total Return ETN | 2.29% | 36,639 | 9.22 |
| RYZZ | RYZZ Managed Futures Strategy Plus ETF | 2.26% | 1,952,704 | 2.27 |
| WEAT | Teucrium Wheat Fund | 2.09% | 455,031 | 51.02 |
Top 10 YTD Performers
| Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
| INR | Market Vectors-Indian Rupee/USD ETN | 110.42% | -2.27% | 1.03 |
| JJN | iPath Series B Bloomberg Nickel Subindex Total Return ETN | 63.45% | -2.54% | 9.12 |
| TAN | Invesco Solar ETF | 57.14% | -1.52% | 432.53 |
| ITB | iShares U.S. Home Construction ETF | 44.48% | -0.67% | 1,366.08 |
| GOAU | U.S. Global GO Gold and Precious Metal Miners ETF | 40.75% | 0.00% | 34.42 |
| RING | iShares MSCI Global Gold Miners ETF | 40.48% | 0.49% | 325.23 |
| SRVR | Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF | 38.27% | -1.12% | 132.22 |
| CHIS | Global X MSCI China Consumer Staples ETF | 38.00% | 0.31% | 2.02 |
| ACES | ALPS Clean Energy ETF | 37.30% | -0.25% | 90.33 |
| SGDM | Sprott Gold Miners ETF | 37.01% | 0.46% | 184.34 |
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.
