Int’l ETFs Pace Modest Weekly Inflows

Senior ETF Analyst

Feb 08, 2019

Reviewed by: Sumit Roy

Edited by: Sumit Roy

A ho-hum week for stock markets equaled a ho-hum week for ETF flows. All told, about $1.5 billion flowed into U.S.-listed ETFs during the week ending Thursday, Feb. 7, according to the latest data from FactSet.

Notably, investors continued to pull money out of U.S. equity ETFs. That segment shed $2.2 billion in assets this week, after seeing $27.1 billion in outflows in January.

Making up for the outflows from U.S. equity ETFs were international equity and international fixed-income funds. They picked up $2.2 billion and $3.1 billion, respectively.

YTD Inflows Flat

Putting it all together, net inflows for all U.S.-listed ETFs for 2019 thus far are $53 million—essentially flat.

Pacing the good week for international ETFs were funds like the Vanguard FTSE Emerging Markets ETF (VWO), the Vanguard Total International Bond ETF (BNDX) and the iShares JP Morgan USD Emerging Markets Bond ETF (EMB).

On the other hand, investors shunned U.S. ETFs like the Invesco QQQ Trust (QQQ), the SPDR S&P Dividend ETF (SDY) and the iShares 1-3 Year Treasury Bond ETF (SHY).

For a full list of this week’s top inflows and outflows, see the tables below

Top 10 Creations (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
VWO	Vanguard FTSE Emerging Markets ETF	1,607.25	62,014.75	2.59%
BNDX	Vanguard Total International Bond ETF	1,557.24	14,912.77	10.44%
VNQ	Vanguard Real Estate ETF	1,175.74	31,861.91	3.69%
EMB	iShares JP Morgan USD Emerging Markets Bond ETF	1,154.96	17,474.54	6.61%
IYR	iShares U.S. Real Estate ETF	850.94	4,181.53	20.35%
HYG	iShares iBoxx USD High Yield Corporate Bond ETF	821.22	14,931.99	5.50%
EEM	iShares MSCI Emerging Markets ETF	767.16	34,131.85	2.25%
TLT	iShares 20+ Year Treasury Bond ETF	613.24	10,823.96	5.67%
LQD	iShares iBoxx USD Investment Grade Corporate Bond ETF	590.89	32,087.67	1.84%
IEMG	iShares Core MSCI Emerging Markets ETF	491.73	58,127.08	0.85%

Top 10 Redemptions (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
QQQ	Invesco QQQ Trust	-1,609.79	65,390.38	-2.46%
SDY	SPDR S&P Dividend ETF	-1,184.43	17,532.55	-6.76%
SHY	iShares 1-3 Year Treasury Bond ETF	-928.20	19,341.92	-4.80%
GLD	SPDR Gold Trust	-871.35	33,881.44	-2.57%
IWM	iShares Russell 2000 ETF	-800.02	42,571.42	-1.88%
XLF	Financial Select Sector SPDR Fund	-697.38	23,697.20	-2.94%
MTUM	iShares Edge MSCI U.S.A. Momentum Factor ETF	-581.79	8,225.81	-7.07%
IWD	iShares Russell 1000 Value ETF	-563.90	37,568.09	-1.50%
EFA	iShares MSCI EAFE ETF	-526.65	65,075.46	-0.81%
BSV	Vanguard Short-Term Bond ETF	-472.88	23,663.50	-2.00%

ETF Weekly Flows By Asset Class

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	-2,247.75	2,048,215.33	-0.11%
International Equity	2,168.65	816,090.26	0.27%
U.S. Fixed Income	-369.97	597,295.24	-0.06%
International Fixed Income	3,075.67	72,422.79	4.25%
Commodities	-758.24	66,280.40	-1.14%
Currency	-7.70	1,770.20	-0.43%
Leveraged	243.17	35,722.63	0.68%
Inverse	-300.57	11,569.32	-2.60%
Asset Allocation	-128.57	9,193.59	-1.40%
Alternatives	-128.65	4,304.81	-2.99%
Total:	1,546.04	3,662,864.56	0.04%

Asset Classes (Year-to-Date)

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	-27,120.01	2,048,215.33	-1.32%
International Equity	6,978.13	816,090.26	0.86%
U.S. Fixed Income	13,359.25	597,295.24	2.24%
International Fixed Income	5,364.48	72,422.79	7.41%
Commodities	1,187.78	66,280.40	1.79%
Currency	-35.44	1,770.20	-2.00%
Leveraged	-901.12	35,722.63	-2.52%
Inverse	1,745.40	11,569.32	15.09%
Asset Allocation	-656.97	9,193.59	-7.15%
Alternatives	131.99	4,304.81	3.07%
Total:	53.49	3,662,864.56	0.00%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker	Name	Average Volume (30 Day)	1 Week Average Volume	% of Average
JKH	iShares Morningstar Mid-Cap Growth ETF	15,240	64,905	425.88%
GSEW	Goldman Sachs Equal Weight U.S. Large Cap Equity ETF	76,334	244,795	320.69%
FAN	First Trust Global Wind Energy ETF	28,656	78,655	274.48%
XT	iShares Exponential Technologies ETF	192,214	502,712	261.54%
UCI	ETRACS UBS Bloomberg Constant Maturity Commodity Index TR ETN	24,312	54,661	224.83%
JPGB	JPMorgan Global Bond Opportunities ETF	15,403	30,789	199.89%
RVNU	Xtrackers Municipal Infrastructure Revenue Bond ETF	6,943	12,826	184.73%
ENFR	Alerian Energy Infrastructure ETF	28,851	50,921	176.50%
IBDS	iShares iBonds Dec 2027 Term Corporate ETF	44,019	76,504	173.80%
ULVM	USAA MSCI USA Value Momentum Blend Index ETF	12,653	18,967	149.90%

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

| Contact: [email protected]

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.

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Int’l ETFs Pace Modest Weekly Inflows

Int’l ETFs Pace Modest Weekly Inflows

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