Hot Demand For Dividend & Gold ETFs
Weekly inflows top $8 billion as investors flee equity ETFs for safe havens.
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.