Gold/Treasury ETFs Up YTD Inflows To $312B

Year-to-date inflows reached another record high as investors added $8.9 billion to U.S.-listed ETFs in the latest week.

sumit
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Senior ETF Analyst
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Reviewed by: Sumit Roy
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Edited by: Sumit Roy

A rally in government bonds encouraged investors to plow billions of dollars into ETFs this week. According to the latest data from FactSet, inflows into U.S.-listed exchange-traded funds totaled $8.9 billion in the week ending Thursday, Sept. 7.

Year-to-date inflows now stand at a record $312 billion.

The majority of this week's inflows―$2.6 billion―went into U.S. fixed-income ETFs. During the period, bonds surged, with the U.S. 10-year Treasury yield dropping as low as 2.01%, down from 2.17% last week (bond prices and yields move inversely).

At the same time, just slightly less money―$2.5 billion―headed for U.S. equity ETFs. The S&P 500 moved slightly lower week-over-week, as investors fretted about North Korea, Hurricane Irma and the political wrangling in Washington. 

Also taking in new money were international equity ETFs, with inflows of $1.7 billion; international fixed-income ETFs, with inflows of $414 million; and commodity ETFs, with inflows of $821 million.

'TLT' & 'GLD' Big Winners
The biggest ETF beneficiary of this week's inflows into fixed income was the iShares 20+ Year Treasury Bond ETF (TLT), which had creations of $919 million. 

Other fixed-income products to see interest were the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and the iShares 3-7 Year Treasury Bond ETF (IEI), with inflows of $448 million and $262 million, respectively.

Another notable fund on the top 10 list was the SPDR Gold Trust (GLD). It had inflows of $873 million during the week as gold prices reached their highest levels in a year above $1,360/oz.

Meanwhile, on the outflows side, notable losers included the iPath S&P 500 VIX Short-Term Futures ETN (VXX), the iShares Currency Hedged MSCI EAFE ETF (HEFA) and the Deutsche X-trackers MSCI Japan Hedged Equity ETF (DBJP).

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
IWMiShares Russell 2000 ETF1,088.0937,079.613.02%
TLTiShares 20+ Year Treasury Bond ETF918.997,640.4413.67%
XLPConsumer Staples Select Sector SPDR Fund892.368,709.1111.42%
IVViShares Core S&P 500 ETF880.75124,594.160.71%
GLDSPDR Gold Trust872.8935,932.472.49%
VWOVanguard FTSE Emerging Markets ETF566.4462,484.670.91%
HYGiShares iBoxx $ High Yield Corporate Bond ETF448.3518,480.422.49%
VTIVanguard Total Stock Market ETF368.3981,672.700.45%
XLEEnergy Select Sector SPDR Fund271.5215,090.751.83%
IEIiShares 3-7 Year Treasury Bond ETF261.607,498.483.61%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-1,373.65242,329.79-0.56%
XLIIndustrial Select Sector SPDR Fund-719.7111,128.80-6.07%
LQDiShares iBoxx $ Investment Grade Corporate Bond ETF-328.4038,301.37-0.85%
XLFFinancial Select Sector SPDR Fund-269.4524,384.65-1.09%
SCHDSchwab US Dividend Equity ETF-212.375,804.53-3.53%
VXXiPath S&P 500 VIX Short-Term Futures ETN-188.241,264.39-12.96%
VXFVanguard Extended Market ETF-165.805,048.61-3.18%
XLYConsumer Discretionary Select Sector SPDR Fund-143.6211,613.43-1.22%
HEFAiShares Currency Hedged MSCI EAFE ETF-137.794,113.06-3.24%
DBJPDeutsche X-trackers MSCI Japan Hedged Equity ETF-126.321,731.57-6.80%

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity2,528.871,695,117.660.15%
International Equity1,685.51716,729.890.24%
U.S. Fixed Income2,618.90500,223.730.52%
International Fixed Income414.3954,546.460.76%
Commodities821.2066,899.920.00%
Currency-5.401,458.91-0.37%
Leveraged-221.4029,341.82-0.75%
Inverse390.2518,296.822.13%
Asset Allocation45.637,399.560.62%
Alternatives-178.494,244.71-4.20%
Total:8,920.683,094,208.180.26%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
IBCCiShares iBonds Mar 2018 Term Corporate ex-Financials ETF27,776214,445772.05%
HFXIIQ 50 Percent Hedged FTSE International ETF203,1631,401,749689.96%
IDEViShares Core MSCI International Developed Markets ETF20,778114,276549.98%
PUIPowerShares DWA Utilities Momentum Portfolio11,02144,332402.24%
FTGCFirst Trust Global Tactical Commodity Strategy Fund49,079192,153391.52%
IEURiShares Core MSCI Europe ETF510,5851,772,320347.12%
FIEUCredit Suisse FI Enhanced Europe 50 ETN1,6666,227373.73%
SCHOSchwab Short-Term US Treasury ETF309,2651,116,303360.95%
DBJPDeutsche X-trackers MSCI Japan Hedged Equity ETF790,1644,334,694548.58%
USLBPowerShares Russell 1000 Low Beta Equal Weight Portfolio8,56923,439273.53%

 

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.