Huge Weekly Inflows For 2 ETFs

Inflows slowed, but remained solid.

sumit
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Senior ETF Analyst
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Reviewed by: Sumit Roy
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Edited by: Sumit Roy

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)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
QQQPowerShares QQQ Trust706.2756,018.561.28%
IDEViShares Core MSCI International Developed Markets ETF616.74713.37638.31%
IUSBiShares Core Total USD Bond Market ETF575.471,834.8345.70%
IWMiShares Russell 2000 ETF361.9743,101.060.85%
EMBiShares JP Morgan USD Emerging Markets Bond ETF323.6511,930.432.79%
AGGiShares Core U.S. Aggregate Bond ETF294.7851,332.100.58%
EZUiShares MSCI Eurozone ETF270.0214,732.541.87%
UGAZVelocityShares 3X Long Natural Gas ETN256.26934.8837.76%
IVViShares Core S&P 500 ETF245.58133,613.060.18%
DXJWisdomTree Japan Hedged Equity Fund219.599,137.962.46%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-3,017.36253,107.02-1.18%
TLTiShares 20+ Year Treasury Bond ETF-756.257,920.35-8.72%
LQDiShares iBoxx $ Investment Grade Corporate Bond ETF-423.4338,593.75-1.09%
IEURiShares Core MSCI Europe ETF-379.302,653.02-12.51%
IPACiShares Core MSCI Pacific ETF-250.68928.99-21.25%
XLIIndustrial Select Sector SPDR Fund-243.3612,468.01-1.91%
GLDSPDR Gold Trust-242.1934,724.75-0.69%
GOVTiShares U.S. Treasury Bond ETF-221.465,204.49-4.08%
HYGiShares iBoxx $ High Yield Corporate Bond ETF-185.3819,389.34-0.95%
CREDiShares U.S. Credit Bond ETF-168.061,430.73-10.51%

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity312.491,809,607.110.02%
International Equity2,337.08767,306.600.30%
U.S. Fixed Income123.13514,991.060.02%
International Fixed Income608.1456,178.871.08%
Commodities ETFs-172.5365,749.64-0.26%
Currency-32.371,352.22-2.39%
Leveraged454.2331,191.721.46%
Inverse23.6517,129.940.14%
Asset Allocation50.698,661.240.59%
Alternatives34.774,211.380.83%
Total:3,739.293,276,379.790.11%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
LVHBElkhorn Lunt Low Vol/High Beta Tactical ETF62,862401,059638.00%
VTHRVanguard Russell 3000 ETF15,84057,941365.78%
IBDOiShares iBonds Dec 2023 Term Corporate ETF75,478266,995353.74%
JHMTJohn Hancock Multifactor Technology ETF11,01834,072309.23%
PDPPowerShares DWA Momentum Portfolio94,869276,019290.95%
IPESPDR Bloomberg Barclays TIPS ETF63,050193,298306.58%
GSGiShares S&P GSCI Commodity Indexed Trust299,9801,096,669365.58%
PSJPowerShares Dynamic Software Portfolio14,47466,240457.65%
PSTProShares UltraShort 7-10 Year Treasury21,12350,441238.79%
FRNGuggenheim Frontier Markets ETF69,425290,924419.05%

 

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.

 

Sumit Roy is the senior ETF analyst for etf.com, where he has worked for 13 years. He creates a variety of content for the platform, including news articles, analysis pieces, videos and podcasts.

Before joining etf.com, Sumit was the managing editor and commodities analyst for Hard Assets Investor. In those roles, he was responsible for most of the operations of HAI, a website dedicated to education about commodities investing.

Though he still closely follows the commodities beat, Sumit covers a much broader assortment of topics for etf.com, with a particular focus on stock and bond exchange-traded funds.

He is the host of etf.com’s Talk ETFs, a popular video series that features weekly interviews with thought leaders in the ETF industry. Sumit is also co-host of Exchange Traded Fridays, etf.com’s weekly podcast series.

He lives in the San Francisco Bay Area, where he enjoys climbing the city’s steep hills, playing chess and snowboarding in Lake Tahoe.