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

Investors loaded up on gold ahead of a key presidential vote in France. 

sumit
|
Senior ETF Analyst
|
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)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
GLDSPDR Gold Trust488.0135,121.991.41%
IEFAiShares Core MSCI EAFE ETF425.4123,111.121.88%
VEAVanguard FTSE Developed Markets ETF388.3548,213.080.81%
IWDiShares Russell 1000 Value ETF363.5036,355.711.01%
IVViShares Core S&P 500 ETF305.88103,553.750.30%
VOOVanguard S&P 500 Index Fund304.9163,583.370.48%
XLUUtilities Select Sector SPDR Fund265.187,505.583.66%
IYRiShares U.S. Real Estate ETF250.304,766.435.54%
GSLCGoldman Sachs ActiveBeta U.S. Large Cap Equity ETF241.681,796.5715.54%
SMHVanEck Vectors Semiconductor ETF209.09670.2945.34%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-2,432.32228,970.55-1.05%
IWMiShares Russell 2000 ETF-284.8135,512.39-0.80%
XLFFinancial Select Sector SPDR Fund-266.9522,090.88-1.19%
VXXiPath S&P 500 VIX Short-Term Futures ETN-261.671,017.26-20.46%
QQQPowerShares QQQ Trust-246.1746,604.31-0.53%
GDXVanEck Vectors Gold Miners ETF-220.5811,742.88-1.84%
GDXJVanEck Vectors Junior Gold Miners ETF-203.314,854.46-4.02%
XLVHealth Care Select Sector SPDR Fund-168.6915,655.02-1.07%
XLEEnergy Select Sector SPDR Fund-152.2916,457.21-0.92%
IBBiShares NASDAQ Biotechnology ETF-145.188,104.02-1.76%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-83.491,612,194.50-0.01%
International Equity1,153.22603,160.370,23%
U.S. Fixed Income1,058.44442,066.380.22%
International Fixed Income350.1746,108.461.34%
Commodities496.0424,066.340.37%
Currency3.722,101.244.52%
Leveraged433.3025,990.981.66%
Inverse19.7316,758.050.05%
Asset Allocation11.846,784.490.17%
Alternatives-260.053,982.63-6.52%
Total:3,182.632,801,992.640.11%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
JKHiShares Morningstar Mid-Cap Growth ETF2,95013,574460.14%
FLCOFranklin Liberty Investment Grade Corporate ETF3,55314,282402.01%
IBDQiShares iBonds Dec 2025 Term Corporate ETF33,29389,842269.86%
EWQiShares MSCI France ETF965,3832,900,181300.42%
CUTGuggenheim MSCI Global Timber ETF19,36556,899293.83%
SGDMSprott Gold Miners ETF76,335145,809191.01%
QXGGQuantX Risk Managed Growth ETF2,9104,986171.35%
GIISPDR S&P Global Infrastructure ETF24,98939,655158.69%
QXTRQuantX Risk Managed Multi-Asset Total Return ETF2,6776,167230.39%
ENZLiShares MSCI New Zealand Capped ETF64,451126,963196.99%

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
EFASGlobal X MSCI SuperDividend EAFE ETF8.43%8,9001.62
SILJPureFunds ISE Junior Silver (Small Cap Miners/Explorers) ETF6.90%266,75566.74
VMAXREX VolMAXX Long VIX Weekly Futures Strategy ETF6.89%22,5792.08
OILiPath S&P GSCI Crude Oil Total Return ETN6.67%5,527,000745.29
REMXVanEck Vectors Rare Earth/Strategic Metals ETF6.23%524,43655.81
GOEXGlobal X Gold Explorers ETF6.15%52,20743.76
SILGlobal X Silver Miners ETF5.89%421,420358.69
IOILIQ Global Oil Small Cap ETF5.86%1,2032.72
GDXJVanEck Vectors Junior Gold Miners ETF5.73%73,900,8964,854.46
SLVPiShares MSCI Global Silver Miners ETF5.52%247,09166.53

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
TUTITuttle Tactical Management Multi-Strategy Income ETF-6.68%26,53821.48
JUNEDhandho Junoon ETF-4.03%4,0873.96
UBCETRACS UBS Bloomberg CMCI Livestock Total Return ETN-3.61%7,6733.35
PSIPowerShares Dynamic Semiconductors Portfolio-3.26%153,997223.73
BALiPath Bloomberg Cotton Subindex Total Return ETN-2.95%17,91715.82
EPOLiShares MSCI Poland Capped ETF-2.84%773,165263.54
ARKQARK Industrial Innovation ETF-2.74%49,30026.36
PSCDPowerShares S&P SmallCap Consumer Discretionary Portfolio-2.69%4,27060.15
PLNDVanEck Vectors Poland ETF-2.59%6,54016.25
FCOMFidelity MSCI Telecommunication Services Index ETF-2.52%108,700139.73

 

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 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.