'HYG' & 'GLD' Lead Weekly Inflows Again; HEDJ Out Of Favor

Investors added billions of dollars into ETFs this week, but some segments of the market were favored over others.

Reviewed by: etf.com Staff
Edited by: etf.com Staff

ETF investors were in a cheerful mood this week, as stocks as well as bonds rallied toward record highs. 

Positive data on the U.S. economy (nonfarm payrolls for June increased by 287K) boosted the S&P 500 close to its all-time high on Friday, but bonds remained well supported also thanks to quantitative easing programs around the world and speculation that the Fed won't raise rates anytime soon.

About $12.6 billion of fresh capital came into U.S.-listed exchange-traded funds in the week ending Thursday, July 7. Of that, $5.6 billion went into U.S. equity ETF, another $5.6 billion went into U.S. fixed-income ETFs, and $1.9 billion went into commodity ETFs.

HYG & GLD Lead Inflows Again

In terms of individual products, the SPDR S&P 500 ETF (SPY | A-97) took the No. 1 position, with $3.4 billion in inflows. That was followed by the iShares iBoxx $ High Yield Corporate Bond ETF (HYG | B-68) with $1.2 billion.

At No. 3 was the SPDR Gold Trust (GLD | A-100). Its $1.2 billion in inflows this week brought its year-to-date total to a whopping $13.4 billion.

Gold prices briefly hit a two-year high of around $1,367/oz earlier in the week before backing down modestly. The inflows into GLD suggest that investors remain concerned about financial markets despite the recent rally in stocks.

Japan & Europe ETFs Top Outflows 

Taking a look at the outflows list for the week, the iShares MSCI Japan ETF (EWJ | B-93) was the biggest loser, with $759 million worth of redemptions.

That was followed by the iShares MSCI Eurozone ETF (EZU | B-84), with outflows of $623 million; the Financial Select Sector SPDR Fund (XLF | A-94), with outflows of $479 million; and the WisdomTree Europe Hedged Equity Fund (HEDJ | B-47) , with outflows of $422 million.

On a year-to-date basis, outflows for HEDJ total a whopping $5.6 billion, reflecting investors' reduced appetite for currency-hedged products.


Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust3,383.60182,355.341.89%
HYGiShares iBoxx $ High Yield Corporate Bond ETF1,238.1916,185.748.28%
GLDSPDR Gold Trust1,222.4142,969.902.93%
LQDiShares iBoxx $ Investment Grade Corporate Bond ETF970.0430,624.943.27%
IVViShares Core S&P 500 ETF768.1473,679.551.05%
XLPConsumer Staples Select Sector SPDR Fund539.2010,616.595.35%
EMBiShares JP Morgan USD Emerging Markets Bond ETF400.327,533.525.61%
SHYiShares 1-3 Year Treasury Bond ETF392.2710,428.913.91%
SHViShares Short Treasury Bond ETF386.483,819.6511.26%
AGGiShares Core U.S. Aggregate Bond ETF360.8339,291.370.93%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
EWJiShares MSCI Japan ETF-758.5213,871.34-5.18%
EZUiShares MSCI Eurozone ETF-623.148,655.95-6.72%
XLFFinancial Select Sector SPDR Fund-478.8714,323.67-3.24%
HEDJWisdomTree Europe Hedged Equity Fund-422.329,899.91-4.09%
MDYSPDR S&P Midcap 400 ETF Trust-415.6015,799.42-2.56%
VTIVanguard Total Stock Market Index Fund-295.3660,961.20-0.48%
NUGTDirexion Daily Gold Miners Index Bull 3x Shares-260.241,731.77-13.06%
EWGiShares MSCI Germany ETF-233.513,692.12-5.95%
NEARiShares Short Maturity Bond ETF-205.392,043.92-9.13%
SVXYProShares Short VIX Short-Term Futures ETF-155.65552.36-21.98%

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity5,566.741,245,368.410.45%
International Equity-1,394.17463,337.95-0.30%
U.S. Fixed Income5,560.33390,977.491.42%
International Fixed Income538.8537,038.971.45%
Asset Allocation22.746,130.750.37%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
% of Average
JPXNiShares JPX-Nikkei 400 ETF30,893236,630765.96%
INKMSPDR SSgA Income Allocation ETF5,80825,396437.26%
MLPCC-Tracks Miller/Howard MLP Fundamental ETN1,9346,370329.40%
DGROiShares Core Dividend Growth ETF239,447894,871373.72%
PHBPowershares Fundamental High Yield Corporate Bond Portfolio742,4912,766,994372.66%
MINTPIMCO Enhanced Short Maturity Active ETF418,5571,030,477246.20%
IDLVPowerShares S&P International Developed Low Volatility ETF104,794307,759293.68%
FTYiShares Real Estate 50 ETF5,58124,069431.28%
WOODiShares Global Timber & Forestry ETF14,94831,895213.37%
SYLDCambria Shareholder Yield ETF21,48662,275289.85%


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.


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