Gold Fund 'GLD' Powers $3.2B Of Weekly Inflows
Investors loaded up on gold ahead of a key presidential vote in France.
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.