Fixed Income ETFs Lead Weekly Inflows for August 3

Senior ETF Analyst

Aug 03, 2018

Reviewed by: Sumit Roy

Edited by: Sumit Roy

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.

Sumit Roy

| Contact: [email protected]

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.

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Fixed Income ETFs Lead Weekly Inflows for August 3

Fixed Income ETFs Lead Weekly Inflows for August 3

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