First Weekly Inflows In 3 Weeks

Investors added $6.3 billion to U.S.-listed ETFs this week.

sumit
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Senior ETF Analyst
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Reviewed by: Sumit Roy
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Edited by: Sumit Roy

After two weeks of outflows, investors worked up the courage to cautiously add to their ETF positions this week. On net, $6.3 billion entered U.S.-listed ETFs during the week ending Thursday, May 23, according to FactSet. That pushed year-to-date inflows up to $73.5 billion, though that’s still behind last year’s pace of $117 billion.

This week’s inflows came even as trade war jitters still hung over the markets. The S&P 500 revisited the lows from last week at around 2,800, about 5% below its all-time highs, before rebounding slightly on bargain buying.

Funds like the SPDR S&P 500 ETF Trust (SPY), the iShares Edge MSCI Min Vol U.S.A. ETF (USMV) and the VanEck Vectors Semiconductors ETF (SMH) were among the biggest flows recipients this week.

Safe Haven Inflows

Yet even as investors added to their equity holdings, they aggressively bought up safe-haven bonds. The benchmark U.S. 10-year Treasury yield fell as low as 2.29% this week, a level not seen in 1 ½ years.

U.S. fixed income ETFs picked up $1.5 billion in fresh cash, with the Vanguard Total Bond Market ETF (BND) taking the mantle as the most popular fixed income fund of the period.

EEM Pummeled

Meanwhile, on the outflows side, international equity ETFs fared the worst. That group registered net redemptions of $628 million, largely due to the $842 million that came out of the iShares MSCI Emerging Markets ETF (EEM). That fund sank to its lowest levels since the beginning of January, as the ongoing China-U.S. trade war pressured equities across emerging markets.

For a full list of this week’s top inflows and outflows, see the tables below.

Contact Sumit Roy at [email protected]

 

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust4,119.90264,246.361.56%
IVViShares Core S&P 500 ETF777.05175,193.850.44%
IEFAiShares Core MSCI EAFE ETF545.1563,552.140.86%
XLKTechnology Select Sector SPDR Fund529.6120,489.842.58%
USMViShares Edge MSCI Min Vol U.S.A. ETF474.0126,741.261.77%
BNDVanguard Total Bond Market ETF316.4139,236.160.81%
JNKSPDR Bloomberg Barclays High Yield Bond ETF300.679,034.093.33%
USSGXtrackers MSCI U.S.A. ESG Leaders Equity ETF279.511,162.0624.05%
SMHVanEck Vectors Semiconductor ETF257.001,385.5918.55%
SOXXiShares PHLX Semiconductor ETF247.391,427.7317.33%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF-846.5130,962.00-2.73%
EEMiShares MSCI Emerging Markets ETF-842.1530,761.44-2.74%
XLUUtilities Select Sector SPDR Fund-714.949,338.86-7.66%
XLVHealth Care Select Sector SPDR Fund-614.1318,294.19-3.36%
QQQInvesco QQQ Trust-530.1470,600.45-0.75%
IWMiShares Russell 2000 ETF-251.7741,335.37-0.61%
KWEBKraneShares CSI China Internet ETF-228.911,496.66-15.29%
SPLVInvesco S&P 500 Low Volatility ETF-225.7910,888.54-2.07%
SPHBInvesco S&P 500 High Beta ETF-199.13123.52-161.21%
VOOVanguard S&P 500 ETF-199.03110,119.28-0.18%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity4,916.042,174,008.730.23%
International Equity-627.74802,649.35-0.08%
U.S. Fixed Income1,456.69648,325.980.22%
International Fixed Income190.9973,207.570.26%
Commodities 75.3060,549.710.12%
Currency18.091,480.111.22%
Leveraged368.7136,282.271.02%
Inverse-129.9511,729.26-1.11%
Asset Allocation8.729,508.180.09%
Alternatives-24.784,567.28-0.54%
Total:6,252.073,822,308.450.16%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity20,698.722,174,008.730.95%
International Equity9,702.41802,649.351.21%
U.S. Fixed Income39,794.38648,325.986.14%
International Fixed Income5,617.9973,207.577.67%
Commodities -2,854.1660,549.71-4.71%
Currency-301.231,480.11-20.35%
Leveraged-1,610.6636,282.27-4.44%
Inverse2,329.6011,729.2619.86%
Asset Allocation-471.109,508.18-4.95%
Alternatives611.844,567.2813.40%
Total:73,517.803,822,308.451.92%

 

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
HAUZXtrackers International Real Estate ETF65,680608,229926.05%
SPHBInvesco S&P 500 High Beta ETF248,9191,630,301654.95%
REMXVanEck Vectors Rare Earth/Strategic Metals ETF329,4272,606,558791.24%
IFGLiShares International Developed Real Estate ETF126,846594,514468.69%
FXBInvesco CurrencyShares British Pound Sterling Trust41,158199,515484.75%
USSGXtrackers MSCI U.S.A. ESG Leaders Equity ETF1,3316,269470.86%
EEBInvesco BRIC ETF12,30146,373376.99%
GRESIQ Global Resources ETF26,626165,845622.88%
ONEYSPDR Russell 1000 Yield Focus3,10211,210361.36%
EWUSiShares MSCI United Kingdom Small Cap ETF2,2987,397321.87%

 

 

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.

Sumit Roy is the senior ETF analyst for etf.com, where he has worked for 13 years. He creates a variety of content for the platform, including news articles, analysis pieces, videos and podcasts.

Before joining etf.com, Sumit was the managing editor and commodities analyst for Hard Assets Investor. In those roles, he was responsible for most of the operations of HAI, a website dedicated to education about commodities investing.

Though he still closely follows the commodities beat, Sumit covers a much broader assortment of topics for etf.com, with a particular focus on stock and bond exchange-traded funds.

He is the host of etf.com’s Talk ETFs, a popular video series that features weekly interviews with thought leaders in the ETF industry. Sumit is also co-host of Exchange Traded Fridays, etf.com’s weekly podcast series.

He lives in the San Francisco Bay Area, where he enjoys climbing the city’s steep hills, playing chess and snowboarding in Lake Tahoe.