ETFs See Rare Weekly Asset Outflows

ETFs see weekly net outflows for the first time since March, led by exodus from U.S. equity funds. 

ETF.com
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Reviewed by: etf.com Staff
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Edited by: etf.com Staff

The solid pace of U.S. ETF asset growth hit a snag this past week, as investors pulled some $1.3 billion from U.S.-listed ETFs in five days. The market is approaching the end of December sitting at $3.418 trillion, with annual net creations just below the $500 billion mark at $465 billion. 

This marks the first weekly net outflows the market has seen since March. ETF asset growth has been on tear all year, breaking all sorts of records. The losses were heavily focused on U.S. equity ETFs, which bled $7.7 billion in a week. Apparently the passing of the tax reform bill by the U.S. House and the Senate didn't do much to spur appetite for U.S. stock funds this week.   

Notable redemptions were seen in some popular value ETFs such as the iShares S&P 500 Value ETF (IVE), the iShares S&P Mid-Cap 400 Value ETF (IJJ) and the iShares S&P Small-Cap 600 Value ETF (IJS), each of which saw outflows amounting to anywhere from 12% to 19% of total assets under management. As a factor, value has struggled this year relative to other risk factors, but demand for value funds had been on the rise. 

On the flip side, investors seem to be returning their focus to international stock ETFs, pouring $6.6 billion into the segment in the past week, making it the most in-demand asset class in the past five days.

Most of the net creations took place in broad-based, large and highly liquid developed market and emerging market funds. 

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust3,279.84275,079.081.21%
EFAiShares MSCI EAFE ETF1,296.6083,633.641.57%
DIASPDR Dow Jones Industrial Average ETF Trust774.0122,184.173.62%
VEAVanguard FTSE Developed Markets ETF690.9867,802.741.03%
IEMGiShares Core MSCI Emerging Markets ETF664.1241,547.231.62%
IEFAiShares Core MSCI EAFE ETF656.7941,603.791.60%
EEMiShares MSCI Emerging Markets ETF620.2038,290.731.65%
IYRiShares U.S. Real Estate ETF590.944,556.4714.90%
VOOVanguard S&P 500 ETF575.9483,915.380.69%
IWBiShares Russell 1000 ETF529.7020,559.902.64%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
IVEiShares S&P 500 Value ETF-2,259.1215,189.15-12.95%
QQQPowerShares QQQ Trust-2,097.7957,426.10-3.52%
IVViShares Core S&P 500 ETF-1,812.85141,357.24-1.27%
IJJiShares S&P Mid-Cap 400 Value ETF-1,387.585,890.54-19.07%
IWMiShares Russell 2000 ETF-1,205.5943,951.54-2.67%
IJSiShares S&P Small-Cap 600 Value ETF-1,192.555,279.90-18.43%
VBVanguard Small-Cap ETF-889.4721,535.47-3.97%
UGAZVelocityShares 3X Long Natural Gas ETN-872.18929.41-48.41%
HYGiShares iBoxx $ High Yield Corporate Bond ETF-811.0917,780.21-4.36%
VTIVanguard Total Stock Market ETF-796.0992,048.47-0.86%

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-7,769.731,920,328.95-0.40%
International Equity6,650.78789,640.310.84%
U.S. Fixed Income871.32521,118.420.17%
International Fixed Income651.9058,310.711.12%
Commodities -356.2365,194.36-0.55%
Currency31.341,280.522.45%
Leveraged-954.9933,766.29-2.83%
Inverse-450.4415,852.62-2.84%
Asset Allocation-27.878,913.70-0.31%
Alternatives49.184,424.861.11%
Total:-1,304.743,418,830.75-0.04%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
HOLDAdvisorShares Sage Core Reserves ETF6042,816465.89%
JHMLJohn Hancock Multifactor Large Cap ETF44,125188,393426.95%
PXHPowershares FTSE RAFI Emerging Markets Portfolio260,907963,656369.35%
LRGFiShares Edge MSCI Multifactor USA ETF141,772498,515351.63%
DBEMXtrackers MSCI Emerging Markets Hedged Equity ETF53,002178,897337.53%
PBDPowershares Global Clean Energy Portfolio15,31848,253315.02%
PSTProShares UltraShort 7-10 Year Treasury53,224197,823371.68%
CATHGlobal X S&P 500 Catholic Values10,27834,018330.99%
JHMMJohn Hancock Multifactor Mid Cap ETF33,65999,240294.84%
HFXEIQ 50 Percent Hedged FTSE Europe ETF7,42615,323206.35%

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
ECHiShares MSCI Chile Capped ETF8.30%3,277,398559.96
SGGiPath Bloomberg Sugar Subindex Total Return ETN7.30%375,69572.79
GRNiPath Global Carbon ETN6.17%15,2281.47
CANETeucrium Sugar Fund6.14%327,1416.14
XESSPDR S&P Oil & Gas Equipment & Services ETF5.54%1,845,175313.49
XMESPDR S&P Metals & Mining ETF5.28%19,145,100860.59
SILJETFMG Prime Junior Silver ETF5.04%354,61953.15
IEZiShares U.S. Oil Equipment & Services ETF4.99%933,008226.27
EZAiShares MSCI South Africa ETF4.88%2,924,119446.56
GOEXGlobal X Gold Explorers ETF4.81%61,70946.57

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
XIVHVelocityShares VIX Short Volatility Hedged ETN120.79%0.34%75.92
ARKKARK Innovation ETF88.28%-0.31%388.14
ARKWARK Web x.0 ETF87.53%-0.66%247.01
CXSEWisdomTree China ex-State-Owned Enterprises Fund80.20%1.18%152.20
CQQQGuggenheim China Technology ETF73.46%0.66%414.44
KWEBKraneShares CSI China Internet ETF69.82%2.06%1,237.99
EMQQEmerging Markets Internet & Ecommerce ETF67.99%1.28%385.39
REMXVanEck Vectors Rare Earth/Strategic Metals ETF67.61%1.58%150.77
SCINColumbia India Small Cap ETF64.41%4.09%33.68
CHIQGlobal X China Consumer ETF63.93%1.46%226.96

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.

 

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