'GLD' Re-enters Top Weekly Inflows List
The gold fund helped push total ETF flows into positive territory in the latest week.
After the breakneck pace of July, flows into U.S.-listed exchange-traded funds cooled down a bit this week. Even so, they remained in positive territory, with $2.9 billion coming into ETFs as a whole.
U.S. equity ETFs were in favor, with inflows of $780 million, but commodities did a bit better, with inflows of $930 million of their own. International fixed-income ETFs also saw interest with inflows of $560 million, while international equity ETFs garnered $375 million and U.S. fixed-income ETFs netted $220 million.
EM & Gold In Favor
In terms of individual ETFs, the PowerShares QQQ Trust (QQQ) was the inflows leader of the week, with creations of $900 million. Other broad-based ETFs that garnered favor were the Vanguard S&P 500 Index Fund (VOO) and the iShares Core S&P 500 ETF (IVV).
Emerging market ETFs continued to gather assets this week after a strong July. The iShares Core MSCI Emerging Markets ETF (IEMG) and the iShares MSCI Emerging Markets ETF (EEM) had inflows of more than $600 million and $300 million, respectively.
Meanwhile, after being absent for a few weeks, the SPDR Gold Trust (GLD) reappeared on the top inflows list, with net flows of $840 million.
SPY & HYG Top Outflows List
On the other end of the spectrum, the SPDR S&P 500 ETF (SPY) topped the outflows list with redemptions of $1.7 billion. A week ago, the world's largest ETF neared the $200 billion mark for total assets.
The iShares iBoxx $ High Yield Corporate Bond ETF (HYG) also saw substantial outflows, totaling $1.2 billion. Its rival the SPDR Barclays High Yield Bond ETF (JNK) was another big loser, with outflows of just under $400 million.
On a percentage-of-assets-basis, the Direxion Daily Gold Miners Index 3x Bull Shares (NUGT) and the SPDR S&P Biotech ETF (XBI) had the largest outflows. NUGT lost $340, or 17% of its assets, while XBI shed $275 million, or 11% of its assets.
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| QQQ | PowerShares QQQ Trust | 904.24 | 39,186.09 | 2.36% |
| GLD | SPDR Gold Trust | 836.01 | 42,518.28 | 2.01% |
| VOO | Vanguard S&P 500 Index Fund | 676.66 | 49,810.50 | 1.38% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 627.24 | 14,818.04 | 4.42% |
| SHY | iShares 1-3 Year Treasury Bond ETF | 400.10 | 10,453.74 | 3.98% |
| IVV | iShares Core S&P 500 ETF | 359.98 | 77,561.93 | 0.47% |
| EEM | iShares MSCI Emerging Markets ETF | 339.75 | 27,985.73 | 1.23% |
| IBB | iShares NASDAQ Biotechnology ETF | 323.56 | 7,940.90 | 4.25% |
| EMB | iShares JP Morgan USD Emerging Markets Bond ETF | 322.60 | 9,025.66 | 3.71% |
| VWO | Vanguard FTSE Emerging Markets ETF | 317.43 | 40,405.78 | 0.79% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 ETF Trust | -1,654.06 | 196,038.33 | -0.84% |
| HYG | iShares iBoxx $ High Yield Corporate Bond ETF | -1,187.93 | 15,558.87 | -7.09% |
| IWM | iShares Russell 2000 ETF | -620.86 | 26,933.65 | -2.25% |
| DXJ | WisdomTree Japan Hedged Equity Fund | -443.48 | 7,153.89 | -5.84% |
| JNK | SPDR Barclays High Yield Bond ETF | -374.77 | 11,487.69 | -3.16% |
| XLV | Health Care Select Sector SPDR Fund | -369.20 | 12,957.53 | -2.77% |
| NUGT | Direxion Daily Gold Miners Index Bull 3x Shares | -343.92 | 1,643.44 | -17.31% |
| XBI | SPDR S&P BIOTECH ETF | -275.53 | 2,215.92 | -11.06% |
| TLT | iShares 20+ Year Treasury Bond ETF | -251.08 | 8,213.35 | -2.97% |
| XLK | Technology Select Sector SPDR Fund | -248.57 | 12,257.89 | -1.99% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 778.20 | 1,310,500.67 | 0.06% |
| International Equity | 374.20 | 494,672.41 | 0.08% |
| U.S. Fixed Income | 223.03 | 395,194.20 | 0.06% |
| International Fixed Income | 560.36 | 39,344.37 | 1.42% |
| Commodities | 932.58 | 75,746.93 | 1.23% |
| Currency | 10.66 | 1,531.12 | 0.70% |
| Leveraged | -311.05 | 24,971.49 | -1.25% |
| Inverse | 254.27 | 19,619.69 | 1.30% |
| Asset Allocation | 20.03 | 6,290.09 | 0.32% |
| Alternatives | 94.02 | 4,268.05 | 2.20% |
| Total: | 2,936.31 | 2,372,139.02 | 0.12% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
| IAGG | iShares Core International Aggregate Bond ETF | 146,567 | 1,022,415 | 697.57% |
| CWB | SPDR Barclays Convertible Securities ETF | 949,576 | 3,208,737 | 337.91% |
| ADRD | BLDRS Developed Markets 100 ADR Index Fund | 12,514 | 28,885 | 230.82% |
| AXJV | iShares MSCI Asia ex Japan Minimum Volatility ETF | 5,785 | 10,610 | 183.40% |
| DBV | PowerShares DB G10 Currency Harvest Fund | 16,305 | 38,073 | 233.51% |
| KIE | SPDR S&P Insurance ETF | 129,163 | 243,715 | 188.69% |
| TUZ | PIMCO 1-3 Year US Treasury Index ETF | 14,072 | 25,311 | 179.86% |
| DVYE | iShares Emerging Markets Dividend ETF | 99,463 | 176,584 | 177.54% |
| DIV | Global X SuperDividend US ETF | 95,290 | 145,314 | 152.50% |
| IBDC | iShares iBonds Mar 2020 Term Corporate ETF | 1,982 | 5,233 | 264.00% |
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.
