Hot Demand For Dividend & Gold ETFs

Weekly inflows top $8 billion as investors flee equity ETFs for safe havens.

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Editor-in-Chief
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Reviewed by: Drew Voros
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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)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SDYSPDR S&P Dividend ETF1,335.7517,048.497.84%
AGGiShares Core U.S. Aggregate Bond ETF1,096.4479,669.351.38%
GLDSPDR Gold Trust918.0177,876.951.18%
IAUiShares Gold Trust724.4830,777.002.35%
BNDVanguard Total Bond Market ETF596.9658,881.001.01%
SPYDSPDR Portfolio S&P 500 High Dividend ETF573.362,535.7222.61%
HYGiShares iBoxx USD High Yield Corporate Bond ETF497.9929,984.681.66%
DIASPDR Dow Jones Industrial Average ETF Trust478.3922,532.742.12%
TIPiShares TIPS Bond ETF362.2222,004.161.65%
BNDXVanguard Total International Bond ETF340.9229,676.291.15%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-2,058.78287,641.44-0.72%
IWMiShares Russell 2000 ETF-1,166.7139,491.47-2.95%
XLREReal Estate Select Sector SPDR Fund-552.052,501.27-22.07%
IWFiShares Russell 1000 Growth ETF-461.1956,565.94-0.82%
SLQDiShares 0-5 Year Investment Grade Corporate Bond ETF-349.251,901.54-18.37%
SHYiShares 1-3 Year Treasury Bond ETF-320.2721,896.44-1.46%
XLFFinancial Select Sector SPDR Fund-265.3517,499.11-1.52%
VOOVanguard S&P 500 ETF-227.67154,196.90-0.15%
SHViShares Short Treasury Bond ETF-221.4721,549.23-1.03%
XLPConsumer Staples Select Sector SPDR Fund-209.0013,795.78-1.51%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-1,401.952,566,279.23-0.05%
International Equity854.15843,795.560.10%
U.S. Fixed Income5,222.97911,160.610.57%
International Fixed Income781.0697,806.390.80%
Commodities2,395.17146,251.581.64%
Currency175.181,728.3410.14%
Leveraged278.0836,279.950.77%
Inverse20.5415,043.400.14%
Asset Allocation92.6610,566.810.88%
Alternatives146.814,854.663.02%
Total:8,564.674,633,766.530.18%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity71,464.592,566,279.232.78%
International Equity-3,506.23843,795.56-0.42%
U.S. Fixed Income118,572.58911,160.6113.01%
International Fixed Income7,968.6297,806.398.15%
Commodities40,969.39146,251.5828.01%
Currency401.291,728.3423.22%
Leveraged3,197.6636,279.958.81%
Inverse12,828.2415,043.4085.27%
Asset Allocation634.0710,566.816.00%
Alternatives-699.894,854.66-14.42%
Total:251,830.344,633,766.535.43%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
BDRYBreakwave Dry Bulk Shipping ETF15.16%647,97335.34
USVETRACS UBS Bloomberg CMCI Silver Total Return ETN9.58%7,3004.58
CHIKGlobal X MSCI China Information Technology ETF6.71%87,56517.50
DBSInvesco DB Silver Fund6.67%121,67021.13
NIBiPath Bloomberg Cocoa Subindex Total Return ETN6.55%122,16717.50
SLViShares Silver Trust6.41%308,783,78913,897.38
INDSPacer Benchmark Industrial Real Estate SCTR ETF6.34%151,43675.81
SIVRAberdeen Standard Physical Silver Shares ETF6.31%6,500,842743.96
IBUYAmplify Online Retail ETF6.17%549,471735.46
YOLOAdvisorShares Pure Cannabis ETF6.03%281,65355.16

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
XVZiPath S&P 500 Dynamic VIX ETN101.56%0.15%7.91
VXXiPath Series B S&P 500 VIX Short Term Futures ETN93.12%-5.30%941.96
VIXYProShares VIX Short-Term Futures ETF92.52%-5.34%247.24
VIXMProShares VIX Mid-Term Futures ETF88.68%-0.70%68.53
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN88.38%-0.76%29.99
CLIXProShares Long Online/Short Stores ETF70.67%4.35%214.08
ARKWARK Next Generation Internet ETF70.01%3.49%1,900.49
ONLNProShares Online Retail ETF66.26%5.38%229.53
ARKGARK Genomic Revolution ETF63.10%-0.11%1,589.11
WCLDWisdomTree Cloud Computing Fund62.15%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 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.