Gold & Emerging Markets Top Weekly Inflows

Gold, corporate bonds and emerging market ETFs were in favor in the latest week.

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

U.S.-listed exchange-traded funds continued to roll when it came to flows. On the whole, ETFs registered net inflows of $5.9 billion in the week ending Thursday, Sept. 8, bringing the win streak to nine weeks. However, the data from FactSet excludes Friday, Sept. 9, when stock and bond markets sold off sharply following comments from a key Fed official that suggested the central bank may hike interest rates soon.

All the major asset classes saw inflows this week. U.S. equity ETFs led the pack, with inflows of $2.1 billion, followed by U.S. fixed income, with $2 billion. In addition, international equity ETFs had inflows of $905 million; commodity ETF had inflows of $530 million; and international fixed-income ETFs had inflows of $405 million.

Gold, Corporate Bonds & Emerging Markets In Favor

When it comes to individual ETFs, the top creations list featured a diverse group of products. The SPDR Gold Trust (GLD) garnered inflows of $555 million, while the VanEck Vectors Gold Miners ETF (GDX) had inflows of $460 million.

Gold prices trended higher this week, but remained trapped in their recent range between $1,300 and $1,350/oz. 

Meanwhile, corporate bonds also saw interest in the past several days. The iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) had inflows of $430 million and $330 million, respectively.

Emerging markets were another area that saw buying. Net inflows for the iShares Core MSCI Emerging Markets ETF (IEMG) were $350 million, while net inflows for the iShares JP Morgan USD Emerging Markets Bond ETF (EMB) were $330 million. 

VXF Loses Quarter Of AUM

Taking a look at outflows, one ETF in particular lost a big chunk of its assets this week. The Vanguard Extended Market Index Fund (VXF) had outflows of $1.1 billion, representing almost a quarter of its assets under management. VXF tracks a total market index that excludes all S&P 500 companies.

Europe ETFs were also out of favor this week. The WisdomTree Europe Hedged Equity Fund (HEDJ) continued to bleed assets, losing $250 million. The Vanguard FTSE Europe ETF (VGK) also had outflows of $250 million.

For a full list of top ETF inflows and outflows for the week, see the tables below:

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust2,021.69202,973.301.01%
IVViShares Core S&P 500 ETF593.8979,821.070.75%
GLDSPDR Gold Trust555.2641,207.241.37%
GDXVanEck Vectors Gold Miners ETF458.1011,204.854.26%
HYGiShares iBoxx $ High Yield Corporate Bond ETF432.5716,864.422.63%
IEMGiShares Core MSCI Emerging Markets ETF352.9916,933.002.13%
LQDiShares iBoxx $ Investment Grade Corporate Bond ETF332.9332,970.391.02%
EMBiShares JP Morgan USD Emerging Markets Bond ETF327.809,995.783.39%
XLKTechnology Select Sector SPDR Fund308.4113,577.062.32%
BSVVanguard Short-Term Bond Index Fund298.5218,575.811.63%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
VXFVanguard Extended Market Index Fund-1,139.933,168.00-26.46%
IWMiShares Russell 2000 ETF-635.8828,066.53-2.22%
QQQPowerShares QQQ Trust-398.5539,717.14-0.99%
XLFFinancial Select Sector SPDR Fund-259.5216,091.59-1.59%
HEDJWisdomTree Europe Hedged Equity Fund-254.029,566.81-2.59%
VGKVanguard FTSE Europe ETF-249.1511,817.63-2.06%
SPLVPowershares S&P 500 Low Volatility Portfolio-236.737,434.06-3.09%
TLTiShares 20+ Year Treasury Bond ETF-222.447,641.28-2.83%
XLUUtilities Select Sector SPDR Fund-207.957,787.25-2.60%
MDYSPDR S&P Midcap 400 ETF Trust-201.4117,394.74-1.14%

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity2,123.951,344,655.990.16%
International Equity905.72520,196.070.17%
U.S. Fixed Income2,042.04405,955.620.50%
International Fixed Income404.9741,442.980.97%
Commodities532.4575,292.070.70%
Currency-24.931,403.23-1.71%
Leveraged-157.5625,112.43-0.62%
Inverse35.6719,637.200.17%
Asset Allocation14.016,530.960.21%
Alternatives11.884,543.140.26%
Total:5,888.212,444,769.690.30%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
EMHYiShares Emerging Markets High Yield Bond ETF28,128173,022615.12%
URTHiShares MSCI World ETF38,400207,568540.54%
IGNiShares North American Tech-Multimedia Networking ETF14,39449,170341.59%
FNYFirst Trust Mid Cap Growth AlphaDEX Fund29,808129,718435.18%
TMFDirexion Daily 20+ Year Treasury Bull 3X Shares106,018413,575390.10%
DWASPowerShares DWA SmallCap Momentum Portfolio25,87091,628354.19%
DEMWisdomTree Emerging Markets High Dividend Fund361,0711,200,165332.39%
XLREReal Estate Select Sector SPDR Fund71,924258,084358.83%
SOCLGlobal X Social Media Index ETF117,316371,254316.46%
FLTRVanEck Vectors Investment Grade Floating Rate ETF9,91322,794229.94%

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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