ETFs Have Inflows This Week Despite Volatility
Year-to-date inflows moved up to $87 billion.
Another week of intense volatility didn't stop investors from adding to their ETF holdings. Remarkably, they added $9.7 billion to U.S.-listed ETFs, even as financial markets swung around violently. Year-to-date inflows moved up to $86.9 billion, well ahead of last year's pace of $18.2 billion.
The S&P 500 fluctuated no less than 3.5% in every session this week. Though there were a couple relief rallies, stocks remained under immense pressure due to fears about the coronavirus. At the same time, Treasuries continued to surge, sending the 10-year yield sharply below 1% for the first time ever (bond prices and yields move inversely).
Treasuries Surge
Unsurprisingly, given the action of the week, U.S. fixed income ETFs picked up the bulk of new assets. A cool $8.5 billion flowed into the space, including $1.2 billion into the SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (BIL) and $1.2 billion into the iShares 1-3 Year Treasury Bond ETF (SHY).
Interestingly, the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) picked up $2.1 billion, even as prices of junk bonds slid on economic slowdown concerns.
But even as investors plowed money into fixed income ETFs, they also put a modest amount into U.S. equity ETFs. That segment gathered $1.7 billion in new cash, led by the Vanguard S&P 500 ETF (VOO) and the Utilities Select Sector SPDR Fund (XLU).
Commodity ETFs also managed to eke out a net inflow thanks to buying in the SPDR Gold Trust (GLD). Gold prices toppeed $1,670/oz during the week, close to seven-year highs.
For a full list of this week's top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
VOO | Vanguard S&P 500 ETF | 4,156.40 | 140,082.99 | 2.97% |
HYG | iShares iBoxx USD High Yield Corporate Bond ETF | 2,063.18 | 16,395.42 | 12.58% |
BIL | SPDR Bloomberg Barclays 1-3 Month T-Bill ETF | 1,194.06 | 10,088.74 | 11.84% |
SHY | iShares 1-3 Year Treasury Bond ETF | 1,157.94 | 18,535.45 | 6.25% |
XLU | Utilities Select Sector SPDR Fund | 999.77 | 13,219.82 | 7.56% |
TIP | iShares TIPS Bond ETF | 824.51 | 22,725.83 | 3.63% |
IEF | iShares 7-10 Year Treasury Bond ETF | 784.16 | 22,182.15 | 3.54% |
QQQ | Invesco QQQ Trust | 781.01 | 91,000.51 | 0.86% |
XLE | Energy Select Sector SPDR Fund | 740.92 | 9,269.37 | 7.99% |
GLD | SPDR Gold Trust | 693.76 | 49,993.61 | 1.39% |
Top 10 Redemptions (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | -1,236.16 | 33,698.57 | -3.67% |
XLF | Financial Select Sector SPDR Fund | -832.09 | 20,556.51 | -4.05% |
EWJ | iShares MSCI Japan ETF | -819.61 | 10,144.47 | -8.08% |
VNQ | Vanguard Real Estate ETF | -687.09 | 37,919.07 | -1.81% |
SHV | iShares Short Treasury Bond ETF | -674.70 | 20,441.85 | -3.30% |
BKLN | Invesco Senior Loan ETF | -556.53 | 4,384.83 | -12.69% |
IVE | iShares S&P 500 Value ETF | -536.33 | 16,338.77 | -3.28% |
TVIX | VelocityShares Daily 2x VIX Short-Term ETN | -478.80 | 1,027.87 | -46.58% |
EEM | iShares MSCI Emerging Markets ETF | -461.42 | 26,119.70 | -1.77% |
SPLV | Invesco S&P 500 Low Volatility ETF | -453.17 | 12,403.14 | -3.65% |
ETF Weekly Flows By Asset Class
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 1,660.46 | 2,460,764.65 | 0.07% |
International Equity | -2,489.68 | 840,826.70 | -0.30% |
U.S. Fixed Income | 8,453.24 | 818,762.89 | 1.03% |
International Fixed Income | 422.97 | 96,516.27 | 0.44% |
Commodities ETFs | 691.47 | 90,943.28 | 0.76% |
Currency | 90.92 | 1,501.32 | 6.06% |
Leveraged | 1,019.66 | 40,271.15 | 2.53% |
Inverse | 64.06 | 12,108.24 | 0.53% |
Asset Allocation | 12.47 | 10,208.35 | 0.12% |
Alternatives | -219.12 | 5,004.27 | -4.38% |
Total: | 9,706.46 | 4,376,907.13 | 0.22% |
Asset Classes (Year-to-Date)
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 23,277.04 | 2,460,764.65 | 0.95% |
International Equity | 10,808.21 | 840,826.70 | 1.29% |
U.S. Fixed Income | 39,272.18 | 818,762.89 | 4.80% |
International Fixed Income | 4,977.89 | 96,516.27 | 5.16% |
Commodities ETFs | 5,276.88 | 90,943.28 | 5.80% |
Currency | 162.79 | 1,501.32 | 10.84% |
Leveraged | 3,073.01 | 40,271.15 | 7.63% |
Inverse | 180.11 | 12,108.24 | 1.49% |
Asset Allocation | 149.60 | 10,208.35 | 1.47% |
Alternatives | -285.07 | 5,004.27 | -5.70% |
Total: | 86,892.65 | 4,376,907.13 | 1.99% |
Top 10 Volume Surprises, Funds >$50 mm AUM
Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
RBUS | Nationwide Risk-Based U.S. Equity ETF | 11,590 | 81,327 | 701.71% |
MXDU | Nationwide Maximum Diversification U.S. Core Equity ETF | 12,900 | 89,222 | 691.66% |
RBIN | Nationwide Risk-Based International Equity ETF | 6,456 | 44,026 | 681.92% |
FUMB | First Trust Ultra Short Duration Municipal ETF | 28,338 | 118,741 | 419.01% |
DVP | Deep Value ETF | 199,115 | 1,278,627 | 642.15% |
DBP | Invesco DB Precious Metals Fund | 43,154 | 157,898 | 365.90% |
CRBN | iShares MSCI ACWI Low Carbon Target ETF | 25,467 | 72,175 | 283.41% |
FGM | First Trust Germany AlphaDEX Fund | 8,766 | 43,208 | 492.91% |
QLTA | iShares Aaa-A Rated Corporate Bond ETF | 80,346 | 244,161 | 303.89% |
GNMA | iShares GNMA Bond ETF | 33,496 | 88,164 | 263.21% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
GSC | GS Connect S&P GSCI Enhanced Commodity TR Strategy ETN | 16.11% | 2,533 | 12,403.14 |
GDXJ | VanEck Vectors Junior Gold Miners ETF | 11.48% | 124,916,374 | 4,947.86 |
GDX | VanEck Vectors Gold Miners ETF | 11.10% | 401,134,228 | 12,813.95 |
SGDJ | Sprott Junior Gold Miners ETF | 11.02% | 142,647 | 56.52 |
RING | iShares MSCI Global Gold Miners ETF | 10.91% | 2,907,002 | 406.88 |
IDU | iShares U.S. Utilities ETF | 10.76% | 633,989 | 1,221.36 |
IHF | iShares U.S. Healthcare Providers ETF | 10.72% | 1,525,611 | 932.76 |
PUI | Invesco DWA Utilities Momentum ETF | 10.67% | 364,064 | 148.32 |
XLU | Utilities Select Sector SPDR Fund | 10.52% | 223,790,279 | 13,219.82 |
UTES | Virtus Reaves Utilities ETF | 10.26% | 35,977 | 36.39 |
Top 10 YTD Performers
Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
VIXY | ProShares VIX Short-Term Futures ETF | 77.31% | 0.96% | 242.89 |
VIIX | VelocityShares Daily Long VIX Short-Term ETN | 76.64% | 0.80% | 29.79 |
VXX | iPath Series B S&P 500 VIX Short Term Futures ETN | 76.46% | 0.83% | 956.33 |
EVIX | VelocityShares 1X Long VSTOXX Futures ETN | 73.98% | -1.89% | 2.21 |
PALL | Aberdeen Standard Physical Palladium Shares ETF | 29.70% | -0.81% | 396.43 |
ZROZ | PIMCO 25+ Year Zero Coupon US Treasury Index ETF | 24.84% | -1.28% | 420.48 |
TAN | Invesco Solar ETF | 24.45% | 5.62% | 671.47 |
EDV | Vanguard Extended Duration Treasury ETF | 22.86% | -0.14% | 1,584.99 |
VIXM | ProShares VIX Mid-Term Futures ETF | 22.17% | 1.99% | 35.48 |
VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | 21.95% | 1.62% | 26.88 |
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.