ETFs Eke Out Weekly Inflows
U.S.-listed ETFs narrowly avoided back-to-back outflows thanks to strong inflows for U.S. fixed-income ETFs.
ETFs narrowly escaped having back-to-back weekly outflows for a second time this year. After recording a beefy outflow of $21.6 billion last week, U.S.-listed ETFs eked out a meager $670 million net inflow this week. That pushed year-to-date inflows up slightly to $121 million.
Recent flows patterns maintained themselves this week as equity ETFs were largely shunned in favor of fixed-income ETFs. Specifically, international equity ETFs had outflows of $1.9 billion, while U.S. fixed-income ETFs had inflows of $2.8 billion.
Commodity ETFs were another area to see action. They saw redemptions of more than $1 billion, largely due to a $690 million outflow from the SPDR Gold Trust (GLD).
Winners & Losers
The top flows winners this week included the iShares 20+ Year Treasury Bond ETF (TLT), the iShares Russell 2000 ETF (IWM) and the iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD).
On the outflows side, the iShares MSCI EAFE ETF (EFA), the SPDR Bloomberg Barclays High Yield Bond ETF (JNK) and the Vanguard FTSE Emerging Markets ETF (VWO) were among the biggest losers.
During the week, the S&P 500 rallied to a two-week high; emerging market stocks hovered near recent one-year lows; and the U.S. 10-year Treasury yield remained flat around 2.83%.
For a full list of this week's top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| TLT | iShares 20+ Year Treasury Bond ETF | 595.51 | 7,839.21 | 8.22% |
| IWM | iShares Russell 2000 ETF | 438.82 | 47,770.82 | 0.93% |
| IVV | iShares Core S&P 500 ETF | 408.99 | 148,406.22 | 0.28% |
| AGG | iShares Core U.S. Aggregate Bond ETF | 349.65 | 55,557.00 | 0.63% |
| VNQ | Vanguard Real Estate ETF | 300.70 | 31,487.93 | 0.96% |
| LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | 297.21 | 33,254.98 | 0.90% |
| SLQD | iShares 0-5 Year Investment Grade Corporate Bond ETF | 294.56 | 1,234.28 | 31.35% |
| XLU | Utilities Select Sector SPDR Fund | 290.10 | 7,960.38 | 3.78% |
| IEF | iShares 7-10 Year Treasury Bond ETF | 286.35 | 8,840.91 | 3.35% |
| IYR | iShares U.S. Real Estate ETF | 240.50 | 4,097.06 | 6.24% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| EFA | iShares MSCI EAFE ETF | -796.80 | 71,310.86 | -1.11% |
| GLD | SPDR Gold Trust | -686.55 | 32,321.36 | -2.08% |
| SPY | SPDR S&P 500 ETF Trust | -597.40 | 258,108.88 | -0.23% |
| QQQ | Invesco QQQ Trust | -595.48 | 65,083.11 | -0.91% |
| JNK | SPDR Bloomberg Barclays High Yield Bond ETF | -476.86 | 8,966.00 | -5.05% |
| VWO | Vanguard FTSE Emerging Markets ETF | -400.60 | 59,789.60 | -0.67% |
| DIA | SPDR Dow Jones Industrial Average ETF Trust | -327.06 | 20,534.70 | -1.57% |
| IJH | iShares Core S&P Mid-Cap ETF | -301.83 | 47,007.02 | -0.64% |
| DBO | Invesco DB Oil Fund | -215.57 | 377.97 | -36.32% |
| SOXX | iShares PHLX Semiconductor ETF | -203.89 | 1,566.86 | -11.51% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 748.63 | 1,998,416.45 | 0.04% |
| International Equity | -1,944.65 | 784,036.83 | -0.25% |
| U.S. Fixed Income | 2,810.20 | 554,146.85 | 0.51% |
| International Fixed Income | -190.75 | 61,698.94 | -0.31% |
| Commodities | -1,016.39 | 64,807.73 | -1.57% |
| Currency | -4.96 | 1,208.07 | -0.41% |
| Leveraged | 391.31 | 35,517.77 | 1.10% |
| Inverse | -71.08 | 13,094.29 | -0.54% |
| Asset Allocation | 1.55 | 9,201.71 | 0.02% |
| Alternatives | -53.94 | 4,343.61 | -1.24% |
| Total: | 669.91 | 3,526,472.25 | 0.02% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
| HYDW | Xtrackers Low Beta High Yield Bond ETF | 112 | 233 | 208.67% |
| JPMF | JPMorgan Managed Futures Strategy ETF | 2,901 | 6,198 | 213.63% |
| DJP | iPath Bloomberg Commodity Index Total Return ETN | 409,127 | 987,671 | 241.41% |
| LRGF | iShares Edge MSCI Multifactor U.S.A. ETF | 272,470 | 787,520 | 289.03% |
| RZV | Invesco S&P SmallCap 600 Pure Value ETF | 10,815 | 46,156 | 426.78% |
| HUSE | US Market Rotation Strategy ETF | 14,910 | 49,975 | 335.18% |
| CSD | Invesco S&P Spin-Off ETF | 4,449 | 9,261 | 208.14% |
| GAA | Cambria Global Asset Allocation ETF | 13,198 | 28,417 | 215.30% |
| PFI | Invesco DWA Financial Momentum ETF | 21,936 | 163,819 | 746.80% |
| IFGL | iShares International Developed Real Estate ETF | 59,133 | 151,346 | 255.94% |
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.
