Gold Fund 'GLD' Powers $3.2B Of Weekly Inflows

Senior ETF Analyst

Apr 21, 2017

Reviewed by: Sumit Roy

Edited by: Sumit Roy

Investors added modestly to their ETF positions during the week ending Thursday, April 20. According to the latest data from FactSet, $3.2 billion flowed into U.S.-listed ETFs in the period, pushing year-to-date inflows to $143 billion.

In contrast to recent weeks, U.S. equity ETFs didn't lead the charge. That segment actually had outflows of about $80 million. On the other hand, international equity ETFs and U.S. fixed-income ETFs picked up more than $1 billion each.

Week-over-week, the S&P 500 rebounded less than 1%, while the U.S. 10-year Treasury yield was unchanged at 2.23%.

Meanwhile, international fixed-income ETFs and commodity ETFs had inflows of $350 million and $500 million, respectively.

Oil plunged below $50/barrel on Friday, while gold prices hovered near recent highs of $1,290/oz.

Safe-Haven GLD Tops Inflows List

In terms of individual ETFs, the SPDR Gold Trust (GLD) took the top position, with inflows of just under $500 million. Jitters surrounding this weekend's French presidential elections and a potential U.S. government shutdown next week fueled safe-haven flows into GLD.

Other winners during the week included the Utilities Select Sector SPDR Fund (XLU), the iShares U.S. Real Estate ETF (IYR), the Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) and the VanEck Vectors Semiconductor ETF (SMH). Each had inflows ranging from $200 million to $300 million.

On the outflows side, the SPDR S&P 500 ETF (SPY) led the pack, with redemptions of $2.4 billion.

Other notable losers included the Financial Select Sector SPDR Fund (XLF), with outflows of $270 million; the iPath S&P 500 VIX Short-Term Futures ETN (VXX), with outflows of $260 million; the VanEck Vectors Gold Miners ETF (GDX), with outflows of $220 million; and the VanEck Vectors Junior Gold Miners ETF (GDXJ), with outflows of $200 million.

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
GLD	SPDR Gold Trust	488.01	35,121.99	1.41%
IEFA	iShares Core MSCI EAFE ETF	425.41	23,111.12	1.88%
VEA	Vanguard FTSE Developed Markets ETF	388.35	48,213.08	0.81%
IWD	iShares Russell 1000 Value ETF	363.50	36,355.71	1.01%
IVV	iShares Core S&P 500 ETF	305.88	103,553.75	0.30%
VOO	Vanguard S&P 500 Index Fund	304.91	63,583.37	0.48%
XLU	Utilities Select Sector SPDR Fund	265.18	7,505.58	3.66%
IYR	iShares U.S. Real Estate ETF	250.30	4,766.43	5.54%
GSLC	Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF	241.68	1,796.57	15.54%
SMH	VanEck Vectors Semiconductor ETF	209.09	670.29	45.34%

Top 10 Redemptions (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
SPY	SPDR S&P 500 ETF Trust	-2,432.32	228,970.55	-1.05%
IWM	iShares Russell 2000 ETF	-284.81	35,512.39	-0.80%
XLF	Financial Select Sector SPDR Fund	-266.95	22,090.88	-1.19%
VXX	iPath S&P 500 VIX Short-Term Futures ETN	-261.67	1,017.26	-20.46%
QQQ	PowerShares QQQ Trust	-246.17	46,604.31	-0.53%
GDX	VanEck Vectors Gold Miners ETF	-220.58	11,742.88	-1.84%
GDXJ	VanEck Vectors Junior Gold Miners ETF	-203.31	4,854.46	-4.02%
XLV	Health Care Select Sector SPDR Fund	-168.69	15,655.02	-1.07%
XLE	Energy Select Sector SPDR Fund	-152.29	16,457.21	-0.92%
IBB	iShares NASDAQ Biotechnology ETF	-145.18	8,104.02	-1.76%

ETF Weekly Flows By Asset Class

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	-83.49	1,612,194.50	-0.01%
International Equity	1,153.22	603,160.37	0,23%
U.S. Fixed Income	1,058.44	442,066.38	0.22%
International Fixed Income	350.17	46,108.46	1.34%
Commodities	496.04	24,066.34	0.37%
Currency	3.72	2,101.24	4.52%
Leveraged	433.30	25,990.98	1.66%
Inverse	19.73	16,758.05	0.05%
Asset Allocation	11.84	6,784.49	0.17%
Alternatives	-260.05	3,982.63	-6.52%
Total:	3,182.63	2,801,992.64	0.11%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker	Name	Average Volume (30 Day)	1 Week Average Volume	% of Average
JKH	iShares Morningstar Mid-Cap Growth ETF	2,950	13,574	460.14%
FLCO	Franklin Liberty Investment Grade Corporate ETF	3,553	14,282	402.01%
IBDQ	iShares iBonds Dec 2025 Term Corporate ETF	33,293	89,842	269.86%
EWQ	iShares MSCI France ETF	965,383	2,900,181	300.42%
CUT	Guggenheim MSCI Global Timber ETF	19,365	56,899	293.83%
SGDM	Sprott Gold Miners ETF	76,335	145,809	191.01%
QXGG	QuantX Risk Managed Growth ETF	2,910	4,986	171.35%
GII	SPDR S&P Global Infrastructure ETF	24,989	39,655	158.69%
QXTR	QuantX Risk Managed Multi-Asset Total Return ETF	2,677	6,167	230.39%
ENZL	iShares MSCI New Zealand Capped ETF	64,451	126,963	196.99%

Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

Ticker	Name	Weekly Performance	Weekly Volume	AUM ($, mm)
EFAS	Global X MSCI SuperDividend EAFE ETF	8.43%	8,900	1.62
SILJ	PureFunds ISE Junior Silver (Small Cap Miners/Explorers) ETF	6.90%	266,755	66.74
VMAX	REX VolMAXX Long VIX Weekly Futures Strategy ETF	6.89%	22,579	2.08
OIL	iPath S&P GSCI Crude Oil Total Return ETN	6.67%	5,527,000	745.29
REMX	VanEck Vectors Rare Earth/Strategic Metals ETF	6.23%	524,436	55.81
GOEX	Global X Gold Explorers ETF	6.15%	52,207	43.76
SIL	Global X Silver Miners ETF	5.89%	421,420	358.69
IOIL	IQ Global Oil Small Cap ETF	5.86%	1,203	2.72
GDXJ	VanEck Vectors Junior Gold Miners ETF	5.73%	73,900,896	4,854.46
SLVP	iShares MSCI Global Silver Miners ETF	5.52%	247,091	66.53

Bottom 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

Ticker	Name	Weekly Performance	Weekly Volume	AUM ($, mm)
TUTI	Tuttle Tactical Management Multi-Strategy Income ETF	-6.68%	26,538	21.48
JUNE	Dhandho Junoon ETF	-4.03%	4,087	3.96
UBC	ETRACS UBS Bloomberg CMCI Livestock Total Return ETN	-3.61%	7,673	3.35
PSI	PowerShares Dynamic Semiconductors Portfolio	-3.26%	153,997	223.73
BAL	iPath Bloomberg Cotton Subindex Total Return ETN	-2.95%	17,917	15.82
EPOL	iShares MSCI Poland Capped ETF	-2.84%	773,165	263.54
ARKQ	ARK Industrial Innovation ETF	-2.74%	49,300	26.36
PSCD	PowerShares S&P SmallCap Consumer Discretionary Portfolio	-2.69%	4,270	60.15
PLND	VanEck Vectors Poland ETF	-2.59%	6,540	16.25
FCOM	Fidelity MSCI Telecommunication Services Index ETF	-2.52%	108,700	139.73

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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Gold Fund 'GLD' Powers $3.2B Of Weekly Inflows

Gold Fund 'GLD' Powers $3.2B Of Weekly Inflows

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