Hot Demand For Dividend & Gold ETFs

Editor-in-Chief

Jul 31, 2020

Reviewed by: Drew Voros

Edited by: Drew Voros

Despite weekly flows for U.S.-listed ETFs registering $1.4 billion in equity ETF outflows, a surge in demand for dividend, gold and bond ETFs pushed the weekly inflows total to $8.5 billion.

Year to date, more than $250 billion in new assets have flowed in the U.S. ETF market, well ahead of last year’s $147 billion at this time. Total assets under management in the U.S. ETF market now stand at $4.63 trillion.

But as mentioned, the wrinkle this week was equity ETFs bleeding assets as investors seemingly search for safer ground after stocks continue to sit at all-time highs. The SPDR S&P Dividend ETF (SDY) led creations, with $1.33 billion in new assets, a near 8% increase in AUM for the fund. The SPDR Portfolio S&P 500 High Dividend ETF (SPYD) was also on the leader board, with $573 million in inflows.

The two biggest physical gold ETFs, the SPDR Gold Trust (GLD) and the iShares Gold Trust (IAU), saw inflows of $918 million and $724 million, respectively, as they held down the third and fourth place spots. Rounding out the safe haven theme for the week was the more than $1 billion in new assets to the iShares Core U.S. Aggregate Bond ETF (AGG).

Equity ETF Demand Pauses

The selling of equity ETFs was reflected across the cap spectrum.

The world’s largest ETF, the SPDR S&P 500 ETF Trust (SPY), saw more than $2 billion in outflows from the large cap fund, followed by the small cap fund, the iShares Russell 2000 ETF (IWM), with $1.16 billion in redemptions. Also on the board for highest outflows were the Vanguard S&P 500 ETF (VOO), with $227 million, and the Financial Select SPDR Fund (XLF) saw $265 million leave the fund.

U.S. fixed income ETFs carried the week, with more than $5 billion in flows, as well as commodities, with nearly $2.4 billion of new assets, although most of that went into the two physical gold ETFs: GLD and IAU.

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
SDY	SPDR S&P Dividend ETF	1,335.75	17,048.49	7.84%
AGG	iShares Core U.S. Aggregate Bond ETF	1,096.44	79,669.35	1.38%
GLD	SPDR Gold Trust	918.01	77,876.95	1.18%
IAU	iShares Gold Trust	724.48	30,777.00	2.35%
BND	Vanguard Total Bond Market ETF	596.96	58,881.00	1.01%
SPYD	SPDR Portfolio S&P 500 High Dividend ETF	573.36	2,535.72	22.61%
HYG	iShares iBoxx USD High Yield Corporate Bond ETF	497.99	29,984.68	1.66%
DIA	SPDR Dow Jones Industrial Average ETF Trust	478.39	22,532.74	2.12%
TIP	iShares TIPS Bond ETF	362.22	22,004.16	1.65%
BNDX	Vanguard Total International Bond ETF	340.92	29,676.29	1.15%

Top 10 Redemptions (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
SPY	SPDR S&P 500 ETF Trust	-2,058.78	287,641.44	-0.72%
IWM	iShares Russell 2000 ETF	-1,166.71	39,491.47	-2.95%
XLRE	Real Estate Select Sector SPDR Fund	-552.05	2,501.27	-22.07%
IWF	iShares Russell 1000 Growth ETF	-461.19	56,565.94	-0.82%
SLQD	iShares 0-5 Year Investment Grade Corporate Bond ETF	-349.25	1,901.54	-18.37%
SHY	iShares 1-3 Year Treasury Bond ETF	-320.27	21,896.44	-1.46%
XLF	Financial Select Sector SPDR Fund	-265.35	17,499.11	-1.52%
VOO	Vanguard S&P 500 ETF	-227.67	154,196.90	-0.15%
SHV	iShares Short Treasury Bond ETF	-221.47	21,549.23	-1.03%
XLP	Consumer Staples Select Sector SPDR Fund	-209.00	13,795.78	-1.51%

ETF Weekly Flows By Asset Class

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	-1,401.95	2,566,279.23	-0.05%
International Equity	854.15	843,795.56	0.10%
U.S. Fixed Income	5,222.97	911,160.61	0.57%
International Fixed Income	781.06	97,806.39	0.80%
Commodities	2,395.17	146,251.58	1.64%
Currency	175.18	1,728.34	10.14%
Leveraged	278.08	36,279.95	0.77%
Inverse	20.54	15,043.40	0.14%
Asset Allocation	92.66	10,566.81	0.88%
Alternatives	146.81	4,854.66	3.02%
Total:	8,564.67	4,633,766.53	0.18%

Asset Classes (Year-to-Date)

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	71,464.59	2,566,279.23	2.78%
International Equity	-3,506.23	843,795.56	-0.42%
U.S. Fixed Income	118,572.58	911,160.61	13.01%
International Fixed Income	7,968.62	97,806.39	8.15%
Commodities	40,969.39	146,251.58	28.01%
Currency	401.29	1,728.34	23.22%
Leveraged	3,197.66	36,279.95	8.81%
Inverse	12,828.24	15,043.40	85.27%
Asset Allocation	634.07	10,566.81	6.00%
Alternatives	-699.89	4,854.66	-14.42%
Total:	251,830.34	4,633,766.53	5.43%

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

Ticker	Name	Weekly Performance	Weekly Volume	AUM ($, mm)
BDRY	Breakwave Dry Bulk Shipping ETF	15.16%	647,973	35.34
USV	ETRACS UBS Bloomberg CMCI Silver Total Return ETN	9.58%	7,300	4.58
CHIK	Global X MSCI China Information Technology ETF	6.71%	87,565	17.50
DBS	Invesco DB Silver Fund	6.67%	121,670	21.13
NIB	iPath Bloomberg Cocoa Subindex Total Return ETN	6.55%	122,167	17.50
SLV	iShares Silver Trust	6.41%	308,783,789	13,897.38
INDS	Pacer Benchmark Industrial Real Estate SCTR ETF	6.34%	151,436	75.81
SIVR	Aberdeen Standard Physical Silver Shares ETF	6.31%	6,500,842	743.96
IBUY	Amplify Online Retail ETF	6.17%	549,471	735.46
YOLO	AdvisorShares Pure Cannabis ETF	6.03%	281,653	55.16

Top 10 YTD Performers

Ticker	Name	YTD Performance	Weekly Performance	AUM ($, mm)
XVZ	iPath S&P 500 Dynamic VIX ETN	101.56%	0.15%	7.91
VXX	iPath Series B S&P 500 VIX Short Term Futures ETN	93.12%	-5.30%	941.96
VIXY	ProShares VIX Short-Term Futures ETF	92.52%	-5.34%	247.24
VIXM	ProShares VIX Mid-Term Futures ETF	88.68%	-0.70%	68.53
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	88.38%	-0.76%	29.99
CLIX	ProShares Long Online/Short Stores ETF	70.67%	4.35%	214.08
ARKW	ARK Next Generation Internet ETF	70.01%	3.49%	1,900.49
ONLN	ProShares Online Retail ETF	66.26%	5.38%	229.53
ARKG	ARK Genomic Revolution ETF	63.10%	-0.11%	1,589.11
WCLD	WisdomTree Cloud Computing Fund	62.15%	5.18%	637.83

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.

Drew Voros

| Contact: [email protected]

Drew Voros has nearly 30 years' experience in financial journalism. He was a longtime business editor for the Oakland Tribune and sister papers of the Bay Area News Group, and finance writer for the Hollywood trade publication Variety. Voros' past roles have also included editor-in-chief at etf.com and ETF Report.

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Hot Demand For Dividend & Gold ETFs

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