'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.

ETF.com
|
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%
Commodities1,859.3477,162.072.4%
Currency4.611,416.860.32%
Leveraged-428.3724,892.57-1.72%
Inverse646.3219,613.893.29%
Asset Allocation22.746,130.750.37%
Alternatives265.124,003.776.6%
Total:12,641.512,269,942.750.71%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% 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.

 

etf.com is the single source for ETF intelligence. We provide real-time ETF news and analysis to educate investors and drive financial knowledge in the space. Our personalized and accurate information, alongside industry-leading financial tools, are depended upon to develop winning investment and financial decisions. At etf.com, we strive to serve both the individual investor as well as the professional financial advisor to educate and grow the ETF community.