'GOVT’ Bolsters Weekly ETF Inflows
Weekly ETF inflows totaled nearly $9 billion.
Fresh six-month highs in the U.S. stock market encouraged investors to plow $9 billion into U.S.-listed ETFs this week, including $7.5 billion into U.S. equity ETFs.
The S&P 500 broke above the 2,900 level for the first time since last October, buoyed by a solid start to the corporate earnings season and fading concerns about economic growth and interest rates.
The U.S. 10-year Treasury yield spiked to a three-week high near 2.55%. Investors responded by putting $1.3 billion into U.S. fixed-income ETFs this week.
Year-to-date net inflows for all ETFs now stand at $68.2 billion, compared to $71.2 billion at this same time last year.
‘SPY’ Beats Out ‘GOVT’
A familiar sight on top of the leaderboard was the SPDR S&P 500 ETF Trust (SPY). Its $3.4 billion in inflows easily outpaced the rest of the pack.
Coming in at No. 2 was a less familiar fund, the iShares U.S. Treasury Bond ETF (GOVT), which picked up $869 million.
The JPMorgan BetaBuilders Canada ETF (BBCA) and the JPMorgan BetaBuilders Europe ETF (BBEU) also were in favor, with inflows of $700 million and $626 million, respectively.
Outflows
On the outflows side, the iShares MSCI EAFE ETF (EFA) shed the most assets—$1.5 billion. It was followed by the iShares 1-3 Year Treasury Bond ETF (SHY), the iShares JP Morgan USD Emerging Markets Bond ETF (EMB) and the iShares Global Tech ETF (IXN).
For a full list of this week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 ETF Trust | 3,389.91 | 275,591.95 | 1.23% |
| GOVT | iShares U.S. Treasury Bond ETF | 869.38 | 9,504.18 | 9.15% |
| IVV | iShares Core S&P 500 ETF | 812.35 | 175,013.02 | 0.46% |
| BBCA | JPMorgan BetaBuilders Canada ETF | 700.07 | 3,445.01 | 20.32% |
| BBEU | JPMorgan BetaBuilders Europe ETF | 625.79 | 4,106.64 | 15.24% |
| XLF | Financial Select Sector SPDR Fund | 558.48 | 23,527.34 | 2.37% |
| VOO | Vanguard S&P 500 ETF | 542.47 | 110,402.31 | 0.49% |
| IEFA | iShares Core MSCI EAFE ETF | 433.60 | 61,856.29 | 0.70% |
| IGSB | iShares Short-Term Corporate Bond ETF | 249.73 | 10,947.84 | 2.28% |
| ITOT | iShares Core S&P Total U.S. Stock Market ETF | 209.38 | 19,380.55 | 1.08% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| EFA | iShares MSCI EAFE ETF | -1,467.76 | 63,185.62 | -2.32% |
| SHY | iShares 1-3 Year Treasury Bond ETF | -712.84 | 19,367.86 | -3.68% |
| EMB | iShares JP Morgan USD Emerging Markets Bond ETF | -690.81 | 16,509.80 | -4.18% |
| IXN | iShares Global Tech ETF | -335.05 | 2,592.83 | -12.92% |
| VGSH | Vanguard Short-Term Treasury Index ETF | -304.23 | 4,568.46 | -6.66% |
| FTC | First Trust Large Cap Growth AlphaDEX Fund | -274.32 | 981.22 | -27.96% |
| SCHO | Schwab Short-Term U.S. Treasury ETF | -207.63 | 5,219.45 | -3.98% |
| IJR | iShares Core S&P Small Cap ETF | -205.39 | 44,177.54 | -0.46% |
| NEAR | iShares Short Maturity Bond ETF | -203.14 | 6,195.24 | -3.28% |
| GLD | SPDR Gold Trust | -195.51 | 31,804.69 | -0.61% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 7,528.13 | 2,204,450.20 | 0.34% |
| International Equity | 845.96 | 839,943.08 | 0.10% |
| U.S. Fixed Income | 1,341.12 | 638,786.74 | 0.21% |
| International Fixed Income | -513.35 | 74,351.97 | -0.69% |
| Commodities | -99.13 | 64,259.50 | -0.15% |
| Currency | 27.81 | 1,501.29 | 1.85% |
| Leveraged | -251.16 | 38,793.59 | -0.65% |
| Inverse | 160.55 | 11,706.82 | 1.37% |
| Asset Allocation | -5.42 | 9,532.24 | -0.06% |
| Alternatives | -50.25 | 4,769.17 | -1.05% |
| Total: | 8,984.26 | 3,888,094.60 | 0.23% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 21,016.04 | 2,204,450.20 | 0.95% |
| International Equity | 8,921.73 | 839,943.08 | 1.06% |
| U.S. Fixed Income | 32,306.89 | 638,786.74 | 5.06% |
| International Fixed Income | 6,535.48 | 74,351.97 | 8.79% |
| Commodities | -1,113.05 | 64,259.50 | -1.73% |
| Currency | -287.24 | 1,501.29 | -19.13% |
| Leveraged | -2,304.87 | 38,793.59 | -5.94% |
| Inverse | 2,992.08 | 11,706.82 | 25.56% |
| Asset Allocation | -572.87 | 9,532.24 | -6.01% |
| Alternatives | 693.94 | 4,769.17 | 14.55% |
| Total: | 68,188.14 | 3,888,094.60 | 1.75% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
| NUAG | Nuveen Enhanced Yield U.S. Aggregate Bond ETF | 42,574 | 178,658 | 419.64% |
| IOO | iShares Global 100 ETF | 133,812 | 459,607 | 343.47% |
| MXI | iShares Global Materials ETF | 44,699 | 157,937 | 353.33% |
11,023 | 27,504 | 249.52% | ||
14,308 | 31,498 | 220.15% | ||
| GBF | iShares Government/Credit Bond ETF | 38,457 | 84,381 | 219.42% |
| FAB | First Trust Multi Cap Value AlphaDEX Fund | 4,049 | 7,686 | 189.80% |
717,391 | 1,338,797 | 186.62% | ||
102,530 | 175,268 | 170.94% | ||
| SCJ | iShares MSCI Japan Small-Cap ETF | 144,977 | 233,624 | 161.15% |
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.
