ETF Weekly Flows: Sector Shifts Surface

Financials ETF ‘XLF’ falls into favor as basic materials fund ‘XLB’ falls out.

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Editor-in-Chief
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Reviewed by: Drew Voros
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Edited by: Drew Voros

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)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
IVViShares Core S&P 500 ETF1,102.67184,446.440.60%
XLFFinancial Select Sector SPDR Fund836.9322,132.813.78%
VTIVanguard Total Stock Market ETF565.77120,883.720.47%
IWSiShares Russell Mid-Cap Value ETF530.3711,177.054.75%
USMViShares Edge MSCI Min Vol U.S.A. ETF496.4135,681.051.39%
VIGVanguard Dividend Appreciation ETF382.7138,333.961.00%
GOVTiShares U.S. Treasury Bond ETF378.7514,973.442.53%
IAUiShares Gold Trust364.7817,000.202.15%
QUALiShares Edge MSCI U.S.A. Quality Factor ETF354.6112,506.412.84%
EWJiShares MSCI Japan ETF303.6811,811.032.57%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
VOOVanguard S&P 500 ETF-2,991.81116,372.91-2.57%
SPYSPDR S&P 500 ETF Trust-1,089.60264,844.10-0.41%
XLBMaterials Select Sector SPDR Fund-653.003,263.97-20.01%
JNKSPDR Bloomberg Barclays High Yield Bond ETF-579.919,399.90-6.17%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF-536.8835,166.30-1.53%
XLUUtilities Select Sector SPDR Fund-430.5211,182.35-3.85%
MTUMiShares Edge MSCI U.S.A. Momentum Factor ETF-362.739,285.93-3.91%
XBISPDR S&P Biotech ETF-357.503,361.88-10.63%
NEARiShares Short Maturity Bond ETF-324.276,265.55-5.18%
IWMiShares Russell 2000 ETF-302.1441,071.87-0.74%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-824.302,254,611.05-0.04%
International Equity297.40787,978.850.04%
U.S. Fixed Income2,104.38729,842.900.29%
International Fixed Income395.1983,622.070.47%
Commodities 417.5981,809.600.51%
Currency31.991,535.892.08%
Leveraged13.5334,748.890.04%
Inverse95.6712,655.680.76%
Asset Allocation14.5510,083.110.14%
Alternatives-39.254,599.35-0.85%
Total:2,506.754,001,487.390.06%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity75,180.712,254,611.053.33%
International Equity-3,156.60787,978.85-0.40%
U.S. Fixed Income101,608.22729,842.9013.92%
International Fixed Income13,576.6183,622.0716.24%
Commodities 9,415.3381,809.6011.51%
Currency-249.051,535.89-16.22%
Leveraged-6,266.5934,748.89-18.03%
Inverse4,612.6712,655.6836.45%
Asset Allocation234.4410,083.112.33%
Alternatives625.824,599.3513.61%
Total:195,581.564,001,487.394.89%

 

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
ONEOSPDR Russell 1000 Momentum Focus2,08410,512504.51%
MMINIQ MacKay Municipal Insured ETF 35,982157,127436.68%
AGGEIQ Enhanced Core Bond U.S. ETF63,197217,346343.92%
QATiShares MSCI Qatar ETF12,99847,327364.10%
IQINIQ 500 International ETF33,678108,314321.62%
CLRGIQ Chaikin U.S. Large Cap ETF111,876343,436306.98%
HFXIIQ 50 Percent Hedged FTSE International ETF144,208391,049271.17%
BIBLInspire 100 ETF19,45460,531311.15%
AGGPIQ Enhanced Core Plus Bond U.S. ETF53,981144,315267.34%
PFIInvesco DWA Financial Momentum ETF25,337151,653598.55%

 

Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
BDRYBreakwave Dry Bulk Shipping ETF7.38%21,2882.20
VXXiPath Series B S&P 500 VIX Short Term Futures ETN5.27%132,930,953921.17
VIXYProShares VIX Short-Term Futures ETF5.05%11,697,648299.41
VIIXVelocityShares Daily Long VIX Short-Term ETN4.99%200,49924.71
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN3.01%275,39430.87
VIXMProShares VIX Mid-Term Futures ETF2.55%151,92450.61
USOICredit Suisse X-Links Crude Oil Shares Covered Call ETN2.47%9,7519.22
GRUElements MLCX Grains Index-Total Return ETN2.29%36,6399.22
RYZZRYZZ Managed Futures Strategy Plus ETF2.26%1,952,7042.27
WEATTeucrium Wheat Fund2.09%455,03151.02

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
INRMarket Vectors-Indian Rupee/USD ETN110.42%-2.27%1.03
JJNiPath Series B Bloomberg Nickel Subindex Total Return ETN63.45%-2.54%9.12
TANInvesco Solar ETF57.14%-1.52%432.53
ITBiShares U.S. Home Construction ETF44.48%-0.67%1,366.08
GOAUU.S. Global GO Gold and Precious Metal Miners ETF40.75%0.00%34.42
RINGiShares MSCI Global Gold Miners ETF40.48%0.49%325.23
SRVRPacer Benchmark Data & Infrastructure Real Estate SCTR ETF38.27%-1.12%132.22
CHISGlobal X MSCI China Consumer Staples ETF38.00%0.31%2.02
ACESALPS Clean Energy ETF37.30%-0.25%90.33
SGDMSprott Gold Miners ETF37.01%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.

Drew Voros has nearly 30 years' experience in financial journalism. He was a longtime business editor for the Oakland Tribune and sister papers of the Bay Area News Group, and finance writer for the Hollywood trade publication Variety. Voros' past roles have also included editor-in-chief at etf.com and ETF Report.