ETF Weekly Flows: Sector Shifts Surface

Editor-in-Chief

Oct 11, 2019

Reviewed by: Drew Voros

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)

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.

Drew Voros

| Contact: [email protected]

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.

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ETF Weekly Flows: Sector Shifts Surface

ETF Weekly Flows: Sector Shifts Surface

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