Investors Add Money To ETFs Ahead Of 'Brexit' Surprise

Weekly flows indicate that investors were optimistic about U.S. ETFs ahead of the surprise Brexit outcome.

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

Hopeful that the U.K. would vote to remain in the European Union, investors plowed $5 billion into U.S.-listed exchange-traded funds in the week ending Thursday, June 23. The data from FactSet excludes flows from Friday, the day that markets tanked following shocking news that voters had chosen to leave the EU by a 4-point margin.

The week-ending-Thursday data showed positive flows into most of the major categories, with U.S. equity and international equity ETFs each garnering more than $2.3 billion in inflows. 

U.S. fixed-income and international fixed-income ETFs also had positive flows, to the tune of $880 million and $360 million, respectively.

GLD Continues To Gather Assets

Meanwhile, commodities received about $650 million in investor capital largely thanks, once again, to the SPDR Gold Trust (GLD | A-100). The physically backed gold fund had inflows of $555 million, bringing its year-to-date haul to $10.7 billion.

Also receiving considerable inflows were the iShares MSCI Eurozone ETF (EZU | B-84) and the iShares Nasdaq Biotechnology ETF (IBB | A-69), with inflows of more than $450 million apiece.

On the flip side of the flows ledger were inverse ETFs, which had outflows of $760 million. Most of that came from one product in particular, the VelocityShares Daily Inverse VIX Short-Term ETN , which had outflows of $242 million. 

That was followed by three Vanguard index funds and the First Trust Morningstar Dividend Leaders Index Fund (FDL | A-71), which had outflows of $587 million, equal to 27.3% of its assets under management. 

For a complete list of the ETFs with the top inflows and outflows, see the tables below.

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust1,738.75186,596.630.94%
IWDiShares Russell 1000 Value ETF1,240.0929,777.434.35%
VWOVanguard FTSE Emerging Markets ETF755.5037,812.952.04%
EFAiShares MSCI EAFE ETF618.5159,735.381.05%
GLDSPDR Gold Trust555.0137,157.551.52%
EZUiShares MSCI Eurozone ETF484.2011,020.094.60%
IBBiShares NASDAQ Biotechnology ETF451.506,799.837.11%
XLEEnergy Select Sector SPDR Fund433.4214,606.793.06%
IWRiShares Russell Midcap ETF418.9413,050.333.32%
EEMiShares MSCI Emerging Markets ETF396.3822,773.921.77%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
VOVanguard Mid-Cap Index Fund-933.2914,149.66-6.19%
VUGVanguard Growth Index Fund-614.0420,600.92-2.89%
VTVVanguard Value Index Fund-606.6921,781.69-2.71%
FDLFirst Trust Morningstar Dividend Leaders Index Fund-586.571,562.44-27.29%
BSVVanguard Short-Term Bond Index Fund-581.0318,442.29-3.05%
VBVanguard Small-Cap Index Fund-349.3912,928.47-2.63%
HEDJWisdomTree Europe Hedged Equity Fund-305.3611,652.21-2.55%
QQQPowerShares QQQ Trust-269.2936,302.89-0.74%
JNKSPDR Barclays High Yield Bond ETF-262.0811,940.39-2.15%
XIVVelocityShares Daily Inverse VIX Short-Term ETN-242.08757.02-24.23%

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity2,379.131,237,267.510.19%
International Equity2,704.37475,047.500.57%
U.S. Fixed Income882.18377,452.520.23%
International Fixed Income356.9935,655.321.00%
Commodities651.7268,831.260.95%
Currency-8.831,281.62-0.69%
Leveraged210.8423,985.320.88%
Inverse-760.3220,723.25-3.67%
Asset Allocation105.176,020.661.75%
Alternatives-86.074,166.62-2.07%
Total:6,435.182,250,431.580.29%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
IBDBiShares iBonds Mar 2018 Term Corporate ETF3,0536,625217.02%
ADRDBLDRS Developed Markets 100 ADR Index Fund6,78517,327255.36%
LOWCSPDR MSCI ACWI Low Carbon Target ETF394768194.91%
GSIEGoldman Sachs ActiveBeta International Equity ETF86,589211,863244.68%
FXBCurrencyShares British Pound Sterling Trust48,757144,437296.24%
IYLDiShares Morningstar Multi-Asset Income ETF27,75557,396206.79%
FNDASchwab Fundamental US Small Co. Index ETF109,587192,873176.00%
PSQProShares Short QQQ698,3641,099,967157.51%
DEWWisdomTree Global High Dividend Fund8,73611,750134.50%
DOOWisdomTree International Dividend ex-Financials Fund30,01047,538158.41%

Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
GAZiPath Bloomberg Natural Gas Subindex Total Return ETN19.86%382,3115.98
GREKGlobal X MSCI Greece ETF14.68%3,069,319272.04
EUFNiShares MSCI Europe Financials ETF14.07%3,353,703221.79
FKUFirst Trust United Kingdom AlphaDEX Fund13.73%216,976160.81
EWUSiShares MSCI United Kingdom Small Cap ETF13.45%141,71313.98
FBZFirst Trust Brazil AlphaDEX Fund13.39%4,3043.02
BRAQGlobal X Brazil Consumer ETF12.49%12,4384.00
QGBRSPDR MSCI United Kingdom Quality Mix ETF12.04%1,8892.54
EZAiShares MSCI South Africa ETF11.82%3,749,254359.95
EWUiShares MSCI United Kingdom ETF11.06%61,978,8502,140.12

Bottom 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
VXUPAccuShares Spot CBOE VIX Up Shares-17.12%74,7680.55
VIXYProShares VIX Short-Term Futures ETF-12.90%34,942,025275.87
VIIXVelocityShares Daily Long VIX Short-Term ETN-12.72%1,578,46310.14
VXXiPath S&P 500 VIX Short-Term Futures ETN-12.64%411,053,3651,555.04
VMAXREX VolMAXX Long VIX Weekly Futures Strategy ETF-12.17%51,7792.16
VIXMProShares VIX Mid-Term Futures ETF-7.36%388,27442.60
VXZiPath S&P 500 VIX Mid-Term Futures ETN-7.31%4,089,59453.60
VIIZVelocityShares VIX Medium Term ETN-6.80%30,3000.60
CORNTeucrium Corn Fund-6.73%563,87269.81
EGPTVanEck Vectors Egypt Index ETF-6.56%156,82428.36

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
FCGFirst Trust ISE-Revere Natural Gas Index Fund473.88%3.89%227.11
SILJPureFunds ISE Junior Silver (Small Cap Miners/Explorers) ETF166.46%0.29%40.60
GLDXGlobal X Gold Explorers ETF114.97%0.34%64.03
SLVPiShares MSCI Global Silver Miners ETF111.49%1.16%50.82
SILGlobal X Silver Miners ETF108.48%1.02%319.44
GDXJVanEck Vectors Junior Gold Miners ETF107.08%-1.31%3,296.10
SGDJSprott Junior Gold Miners ETF97.35%-1.28%45.53
RINGiShares MSCI Global Gold Miners ETF97.02%-2.03%174.14
SGDMSprott Gold Miners ETF85.39%-1.06%215.87
PSAUPowerShares Global Gold & Precious Metals Portfolio84.85%-1.18%56.17

Bottom 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
BBCBioShares Biotechnology Clinical Trials Fund-35.22%2.32%18.81
GRNiPath Global Carbon ETN-33.39%2.26%1.60
VIXYProShares VIX Short-Term Futures ETF-32.63%-12.90%275.87
VXXiPath S&P 500 VIX Short-Term Futures ETN-32.29%-12.64%1,555.04
VIIXVelocityShares Daily Long VIX Short-Term ETN-32.20%-12.55%10.14
TANGuggenheim Solar ETF-31.95%2.46%227.41
KWTVanEck Vectors Solar Energy ETF-28.92%2.66%13.13
DXJFWisdomTree Japan Hedged Financials Fund-28.39%6.20%10.86
VXUPAccuShares Spot CBOE VIX Up Shares-27.23%-15.87%0.55
SBIOALPS Medical Breakthroughs-26.42%1.48%132.21

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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