Huge Weekly Inflows For 2 ETFs
Inflows slowed, but remained solid.
ETF inflows may have slowed down from their torrid pace of last week, but they remained solid as investors digested two pieces of big news this week. According to FactSet, $3.7 billion in fresh money entered U.S.-listed ETFs during the week ending Thursday, Nov. 2.
Of that, only $312 million went into U.S. equity ETFs, while international equity ETFs took in a chunkier $2.3 billion.
Year-to-date inflows now stand at $388.2 billion, an annual record.
‘IDEV’ & ‘IUSB’ AUM Surge
The two standouts on the inflows list were the iShares Core MSCI International Developed Markets ETF (IDEV) and the iShares Core Total USD Bond Market ETF (IUSB).
IDEV took in a cool $617 million in new money during the week, lifting its total assets under management by more than 600%.
IUSB took in $575 million, lifting its AUM by 45%.
Meanwhile, the VelocityShares 3X Long Natural Gas ETN (UGAZ) continued to be popular among traders, picking up $256 million. Year-to-date inflows for the volatile product now stand at $1.5 billion.
For a full list of this week's top inflows and outflows, see the tables at the bottom of this article.
Big News, Little Impact
The nomination of Fed governor Jerome Powell to be the next Fed chairman had little impact on markets this week because investors largely anticipated the news. Likewise, the unveiling of the long-awaited Republican tax plan didn't immediately move the markets, even though it was widely regarded as positive for corporations.
Nonetheless, the stock market inched to a new all-time high this week amid strong momentum. The S&P 500 was last trading around 2,588, the highest level ever, and up from 2,581 last week.
At the same time, the U.S. 10-year Treasury bond yield dipped from 2.43% to 2.34% week-over-week, while WTI oil prices jumped to a 2 1/2-year high near $56.
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| QQQ | PowerShares QQQ Trust | 706.27 | 56,018.56 | 1.28% |
| IDEV | iShares Core MSCI International Developed Markets ETF | 616.74 | 713.37 | 638.31% |
| IUSB | iShares Core Total USD Bond Market ETF | 575.47 | 1,834.83 | 45.70% |
| IWM | iShares Russell 2000 ETF | 361.97 | 43,101.06 | 0.85% |
| EMB | iShares JP Morgan USD Emerging Markets Bond ETF | 323.65 | 11,930.43 | 2.79% |
| AGG | iShares Core U.S. Aggregate Bond ETF | 294.78 | 51,332.10 | 0.58% |
| EZU | iShares MSCI Eurozone ETF | 270.02 | 14,732.54 | 1.87% |
| UGAZ | VelocityShares 3X Long Natural Gas ETN | 256.26 | 934.88 | 37.76% |
| IVV | iShares Core S&P 500 ETF | 245.58 | 133,613.06 | 0.18% |
| DXJ | WisdomTree Japan Hedged Equity Fund | 219.59 | 9,137.96 | 2.46% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 ETF Trust | -3,017.36 | 253,107.02 | -1.18% |
| TLT | iShares 20+ Year Treasury Bond ETF | -756.25 | 7,920.35 | -8.72% |
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | -423.43 | 38,593.75 | -1.09% |
| IEUR | iShares Core MSCI Europe ETF | -379.30 | 2,653.02 | -12.51% |
| IPAC | iShares Core MSCI Pacific ETF | -250.68 | 928.99 | -21.25% |
| XLI | Industrial Select Sector SPDR Fund | -243.36 | 12,468.01 | -1.91% |
| GLD | SPDR Gold Trust | -242.19 | 34,724.75 | -0.69% |
| GOVT | iShares U.S. Treasury Bond ETF | -221.46 | 5,204.49 | -4.08% |
| HYG | iShares iBoxx $ High Yield Corporate Bond ETF | -185.38 | 19,389.34 | -0.95% |
| CRED | iShares U.S. Credit Bond ETF | -168.06 | 1,430.73 | -10.51% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 312.49 | 1,809,607.11 | 0.02% |
| International Equity | 2,337.08 | 767,306.60 | 0.30% |
| U.S. Fixed Income | 123.13 | 514,991.06 | 0.02% |
| International Fixed Income | 608.14 | 56,178.87 | 1.08% |
| Commodities ETFs | -172.53 | 65,749.64 | -0.26% |
| Currency | -32.37 | 1,352.22 | -2.39% |
| Leveraged | 454.23 | 31,191.72 | 1.46% |
| Inverse | 23.65 | 17,129.94 | 0.14% |
| Asset Allocation | 50.69 | 8,661.24 | 0.59% |
| Alternatives | 34.77 | 4,211.38 | 0.83% |
| Total: | 3,739.29 | 3,276,379.79 | 0.11% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
| LVHB | Elkhorn Lunt Low Vol/High Beta Tactical ETF | 62,862 | 401,059 | 638.00% |
| VTHR | Vanguard Russell 3000 ETF | 15,840 | 57,941 | 365.78% |
| IBDO | iShares iBonds Dec 2023 Term Corporate ETF | 75,478 | 266,995 | 353.74% |
| JHMT | John Hancock Multifactor Technology ETF | 11,018 | 34,072 | 309.23% |
| PDP | PowerShares DWA Momentum Portfolio | 94,869 | 276,019 | 290.95% |
| IPE | SPDR Bloomberg Barclays TIPS ETF | 63,050 | 193,298 | 306.58% |
| GSG | iShares S&P GSCI Commodity Indexed Trust | 299,980 | 1,096,669 | 365.58% |
| PSJ | PowerShares Dynamic Software Portfolio | 14,474 | 66,240 | 457.65% |
| PST | ProShares UltraShort 7-10 Year Treasury | 21,123 | 50,441 | 238.79% |
| FRN | Guggenheim Frontier Markets ETF | 69,425 | 290,924 | 419.05% |
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.
