ETFs Gain $36 Billion During Wild Week in the Markets
- Year-to-date inflows are now $340 billion.
- U.S. equity ETFs were the biggest beneficiaries of the rebound.
- The price of gold hit fresh record highs on Friday.
ETF investors poured $36.3 billion into U.S.-listed exchange-traded funds during the week ending Friday, April 11, bringing year-to-date ETF inflows to more than $340 billion.
The flows came amid a week of extreme market volatility. On Wednesday, the S&P 500 surged 9.5%, its biggest one-day gain since 2008. The Nasdaq-100 did even better, jumping 12%—also its best day since the financial crisis. Meanwhile, bond yields soared, with the 10-year and 30-year Treasury yields shooting higher in a move that spooked policymakers and rattled investors.
Despite the turmoil, the S&P 500 ended the week well off its lows—more than 7% higher than Tuesday’s close, when the index had flirted with bear market territory—as hopes grew that President Donald Trump might ease off his escalating trade war.
Equity ETFs Lead Asset Class Flows
U.S. equity ETFs were the biggest beneficiaries of the rebound, pulling in $35.1 billion. That dwarfs flows into every other asset class. In contrast, international equity ETFs saw outflows of $2.8 billion, while U.S. fixed-income ETFs had modest inflows of $727 million.
Among individual ETFs, the SPDR S&P 500 ETF Trust (SPY) and the Vanguard S&P 500 ETF (VOO) led the pack, hauling in $19.3 billion and $11.3 billion, respectively.
Other notable inflow magnets included the SPDR Bloomberg 1-3 Month T-Bill ETF (BIL), the iShares 0-3 Month Treasury Bond ETF (SGOV), the iShares 7-10 Year Treasury Bond ETF (IEF), the Direxion Daily Semiconductor Bull 3x Shares (SOXL), and the SPDR Gold Shares (GLD).
Gold Hits Another Record High
The price of gold hit fresh record highs above $3,200 per ounce on Friday as the U.S. dollar briefly hit a three-year low.
On the flip side, the iShares Core S&P 500 ETF (IVV) saw outflows of $8.4 billion, the most of any fund.
The Financial Select Sector SPDR Fund (XLF) lost $1.7 billion. High-yield bond ETFs also saw redemptions, including the SPDR Bloomberg High Yield Bond ETF (JNK), which shed $1.4 billion amid a notable widening in junk bond spreads.
The KraneShares CSI China Internet ETF (KWEB) also lost more than $1 billion as trade tensions between the U.S. and China remained sky high.
For a full list of the week’s top inflows and outflows, see the tables below.
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($, mm) | AUM ($, mm) | AUM % Change< |
| SPY | SPDR S&P 500 ETF Trust | 19,311.29 | 551,749.03 | 3.50 |
| VOO | Vanguard S&P 500 ETF | 11,302.06 | 569,653.16 | 1.98 |
| QQQ | Invesco QQQ Trust Series I | 5,048.35 | 286,138.19 | 1.76 |
| BIL | SPDR Bloomberg 1-3 Month T-Bill ETF | 2,845.08 | 46,168.29 | 6.16 |
| IEF | iShares 7-10 Year Treasury Bond ETF | 2,672.64 | 37,483.52 | 7.13 |
| SOXL | Direxion Daily Semiconductor Bull 3x Shares | 2,465.89 | 7,597.15 | 32.46 |
| SGOV | iShares 0-3 Month Treasury Bond ETF | 2,209.29 | 42,698.95 | 5.17 |
| ITOT | iShares Core S&P Total U.S. Stock Market ETF | 2,150.56 | 60,465.43 | 3.56 |
| GLD | SPDR Gold Shares | 2,032.93 | 96,311.17 | 2.11 |
| SPTI | SPDR Portfolio Intermediate Term Treasury ETF | 1,862.67 | 9,570.60 | 19.46 |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($, mm) | AUM ($, mm) | AUM % Change |
| IVV | iShares Core S&P 500 ETF | -8,424.64 | 538,886.90 | -1.56 |
| XLF | Financial Select Sector SPDR Fund | -1,690.35 | 46,195.50 | -3.66 |
| JPST | JPMorgan Ultra-Short Income ETF | -1,643.87 | 29,728.44 | -5.53 |
| JNK | SPDR Bloomberg High Yield Bond ETF | -1,421.83 | 5,922.06 | -24.01 |
| BKLN | Invesco Senior Loan ETF | -1,312.56 | 6,436.78 | -20.39 |
| XLE | Energy Select Sector SPDR Fund | -1,266.95 | 25,865.84 | -4.90 |
| JAAA | Janus Detroit Street Trust Janus Henderson AAA CLO ETF | -1,209.25 | 19,756.05 | -6.12 |
| FXI | iShares China Large-Cap ETF | -1,064.32 | 5,581.87 | -19.07 |
| AGG | iShares Core U.S. Aggregate Bond ETF | -1,026.47 | 121,815.94 | -0.84 |
| KWEB | KraneShares CSI China Internet ETF | -1,014.22 | 5,936.72 | -17.08 |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| Alternatives | 5.22 | 9,768.90 | 0.05% |
| Asset Allocation | 125.97 | 22,539.84 | 0.56% |
| Commodities ETFs | 2,313.01 | 201,240.92 | 1.15% |
| Currency | -625.35 | 98,717.21 | -0.63% |
| International Equity | -2,802.65 | 1,532,520.20 | -0.18% |
| International Fixed Income | -3,810.23 | 273,287.41 | -1.39% |
| Inverse | -279.05 | 14,175.13 | -1.97% |
| Leveraged | 5,543.39 | 92,660.73 | 5.98% |
| US Equity | 35,081.56 | 6,032,897.47 | 0.58% |
| US Fixed Income | 727.01 | 1,617,255.19 | 0.04% |
| Total: | 36,278.88 | 9,895,063.01 | 0.37% |
Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data are believed to be accurate; however, transient market data are often subject to subsequent revision and correction by the exchanges.
