Fixed Income ETFs Lead Weekly Inflows for August 3
ETFs like 'LQD' and 'HYG' saw interest during the latest week.
Investors added $3.7 billion to U.S.-listed ETFs during the week ending Thursday, Aug. 2, according to the latest data from FactSet. The haul brought year-to-date inflows up to $145.2 billion.
After several weeks of tossing money into the group, investors largely ignored U.S. equity ETFs this week. The group had net outflows of $143 million.
On the other hand, U.S. fixed-income ETFs continued to steadily build assets thanks to inflows of $2 billion. International equity ETFs followed, with inflows of $1.3 billion.
10-Year Tops 3%
On the fixed-income front, the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) and the PIMCO Enhanced Short Maturity Active ETF (MINT) were the biggest winners.
The Federal Reserve kept its benchmark interest rate unchanged at Wednesday’s meeting, but upgraded its outlook for the U.S. economy, signaling a hike is likely in September.
The U.S. 10-year Treasury yield briefly topped 3% for the first time since mid-June this week, while the two-year Treasury yield hit a decade-high of 2.69%.
Emerging Market ETF Rakes In Assets
In terms of equity ETFs, the iShares Core MSCI Emerging Markets ETF (IEMG) easily took the No. 1 spot, with $1.4 billion of inflows.
On a percentage basis, the VanEck Vectors Semiconductor ETF (SMH) took the lead. Its inflows of $536 million equaled a 73% jump in its AUM.
The VanEck Vectors Gold Miners ETF (GDX) was another notable winner, with inflows of $357 million.
On the other hand, the iShares MSCI EAFE ETF (EFA), the iShares NASDAQ Biotechnology ETF (IBB) and the SPDR S&P Regional Banking ETF (KRE) headlined the outflows list for the week.
For a full list of this week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| IEMG | iShares Core MSCI Emerging Markets ETF | 1,419.30 | 49,672.66 | 2.94% |
| SPY | SPDR S&P 500 ETF Trust | 582.63 | 270,363.20 | 0.22% |
| SMH | VanEck Vectors Semiconductor ETF | 536.30 | 1,268.97 | 73.20% |
| IWD | iShares Russell 1000 Value ETF | 524.25 | 37,547.41 | 1.42% |
| LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | 367.48 | 34,458.88 | 1.08% |
| GDX | VanEck Vectors Gold Miners ETF | 356.73 | 8,748.25 | 4.25% |
| XBI | SPDR S&P BIOTECH ETF | 341.45 | 5,429.98 | 6.71% |
| VTI | Vanguard Total Stock Market ETF | 317.36 | 101,770.29 | 0.31% |
| HYG | iShares iBoxx USD High Yield Corporate Bond ETF | 282.44 | 15,804.72 | 1.82% |
| MINT | PIMCO Enhanced Short Maturity Active ETF | 277.24 | 9,819.58 | 2.91% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| EFA | iShares MSCI EAFE ETF | -866.85 | 72,426.68 | -1.18% |
| XLF | Financial Select Sector SPDR Fund | -706.62 | 31,271.80 | -2.21% |
| IVV | iShares Core S&P 500 ETF | -662.03 | 152,465.42 | -0.43% |
| IWF | iShares Russell 1000 Growth ETF | -550.32 | 43,053.81 | -1.26% |
| IBB | iShares NASDAQ Biotechnology ETF | -447.00 | 9,304.20 | -4.58% |
| QQQ | Invesco QQQ Trust | -415.48 | 67,303.81 | -0.61% |
| KRE | SPDR S&P Regional Banking ETF | -354.27 | 5,197.93 | -6.38% |
| XLE | Energy Select Sector SPDR Fund | -280.81 | 19,025.31 | -1.45% |
| TIP | iShares TIPS Bond ETF | -279.49 | 23,836.37 | -1.16% |
| XLP | Consumer Staples Select Sector SPDR Fund | -181.45 | 8,906.78 | -2.00% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | -143.40 | 2,071,870.64 | -0.01% |
| International Equity | 1,287.79 | 807,636.40 | 0.16% |
| U.S. Fixed Income | 2,031.80 | 579,718.04 | 0.35% |
| International Fixed Income | 659.29 | 63,718.25 | 1.03% |
| Commodities | -169.77 | 62,476.71 | -0.27% |
| Currency | 11.75 | 1,151.61 | 1.02% |
| Leveraged | 51.52 | 36,993.32 | 0.14% |
| Inverse | -44.70 | 12,849.96 | -0.35% |
| Asset Allocation | 22.85 | 9,416.55 | 0.24% |
| Alternatives | 0.78 | 4,442.22 | 0.02% |
| Total: | 3,707.90 | 3,650,273.70 | 0.10% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 49,755.71 | 2,071,870.64 | 2.40% |
| International Equity | 32,743.45 | 807,636.40 | 4.05% |
| U.S. Fixed Income | 48,656.25 | 579,718.04 | 8.39% |
| International Fixed Income | 7,374.65 | 63,718.25 | 11.57% |
| Commodities | 726.76 | 62,476.71 | 1.16% |
| Currency | -43.37 | 1,151.61 | -3.77% |
| Leveraged | 2,886.78 | 36,993.32 | 7.80% |
| Inverse | 2,309.41 | 12,849.96 | 17.97% |
| Asset Allocation | 640.51 | 9,416.55 | 6.80% |
| Alternatives | 168.25 | 4,442.22 | 3.79% |
| Total: | 145,218.40 | 3,650,273.70 | 3.98% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
| DBAW | Xtrackers MSCI All World ex U.S. Hedged Equity ETF | 16,783 | 79,284 | 472.40% |
| TLTE | FlexShares Morningstar Emerging Markets Factor Tilt Index | 47,017 | 173,559 | 369.14% |
| HDGE | AdvisorShares Ranger Equity Bear ETF | 162,104 | 597,989 | 368.89% |
| IVAL | Alpha Architect International Quantitative Value ETF | 11,482 | 39,544 | 344.40% |
| RYE | Invesco S&P 500 Equal Weight Energy ETF | 100,716 | 333,981 | 331.61% |
| FREL | Fidelity MSCI Real Estate Index ETF | 430,602 | 1,403,444 | 325.93% |
| DGL | Invesco DB Gold Fund | 16,877 | 53,621 | 317.71% |
| IMTB | iShares Core 5-10 Year USD Bond ETF | 4,699 | 14,721 | 313.25% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 45,088 | 116,335 | 258.02% |
| RCD | Invesco S&P 500 Equal Weight Consumer Discretionary ETF | 20,227 | 48,865 | 241.58% |
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.
