Investors Pour $21B Into US Equity ETFs
Correction fears seem to have given way to big buying in the ETF market.
Investors poured more than $21 billion into U.S. equity ETFs in the past week, roughly three weeks since the U.S. stock market forged some sort of a bottom following a steep correction in August.
The appetite for equitY exposure ranged from small- to mid- to large-cap stocks, with the SPDR S&P 500 (SPY | A-99) leading net creations in the past five days ended Thursday, Sept. 17. The S&P 500 rose about 2 percent in the same period, gains that came in anticipation and in reaction to the Federal Reserve's decision this week to keep interest rates unchanged for now.
International equity and U.S. fixed-income ETFs were also relatively popular this week. Those asset classes attracted $1.4 billion and $1.8 billion in fresh net assets, respectively, helping push total U.S.-listed ETF assets to $2.035 trillion.
The healthy inflows are a major departure from a muted month of August, when ETF creations slowed to a trickle, totalling only $2.7 billion in the entire month.
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 | 12,365.22 | 176,566.44 | 7.53% |
| XBI | SPDR S&P Biotech | 1,760.07 | 2,673.03 | 192.79% |
| IWM | iShares Russell 2000 | 837.12 | 27,439.86 | 3.15% |
| VB | Vanguard Small-Cap | 797.31 | 12,134.05 | 7.03% |
| VO | Vanguard Mid-Cap | 755.22 | 13,232.01 | 6.05% |
| QQQ | PowerShares QQQ | 712.29 | 38,316.77 | 1.89% |
| XRT | SPDR S&P Retail | 521.00 | 1,097.93 | 90.30% |
| XLE | Energy Select SPDR | 496.63 | 11,745.34 | 4.42% |
| IWF | iShares Russell 1000 Growth | 448.96 | 29,484.82 | 1.55% |
| EZU | iShares MSCI EMU | 429.64 | 10,640.23 | 4.21% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| MTK | SPDR Morgan Stanley Technology | -1,671.76 | 423.95 | -79.77% |
| XLP | Consumer Staples Select SPDR | -326.31 | 7,280.63 | -4.29% |
| IVV | iShares Core S&P 500 | -288.36 | 66,086.06 | -0.43% |
| GMF | SPDR S&P Emerging Asia Pacific | -132.60 | 443.12 | -23.03% |
| RYH | Guggenheim S&P Equal Weight Health Care | -123.49 | 686.90 | -15.24% |
| DIA | SPDR Dow Jones Industrial Average Trust | -117.68 | 10,893.21 | -1.07% |
| USO | United States Oil | -100.91 | 2,696.44 | -3.61% |
| XLU | Utilities Select SPDR | -92.13 | 6,095.01 | -1.49% |
| HDV | iShares Core High Dividend | -66.26 | 4,026.19 | -1.62% |
| ASHR | Deutsche X-trackers Harvest CSI 300 China A-Shares ETF | -64.89 | 394.34 | -14.13% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 21,179.66 | 1,119,138.44 | 1.89% |
| International Equity | 1,408.49 | 467,959.67 | 0.30% |
| U.S. Fixed Income | 1,877.46 | 318,759.31 | 0.59% |
| International Fixed Income | 295.23 | 26,266.73 | 1.12% |
| Commodities | -185.36 | 49,870.47 | -0.37% |
| Currency | 10.70 | 1,315.54 | 0.81% |
| Leveraged | -134.19 | 23,004.97 | -0.58% |
| Inverse | 511.59 | 21,050.18 | 2.43% |
| Asset Allocation | 16.36 | 5,431.97 | 0.30% |
| Alternatives | -7.22 | 3,134.77 | -0.23% |
| Total: | 24,972.72 | 2,035,932.04 | 1.23% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
| SMIN | iShares MSCI India Small-Cap | 21,970 | 75,903 | 345.49% |
| IQDY | FlexShares International Quality Dividend Dynamic | 58,709 | 172,249 | 293.39% |
| IVOO | Vanguard S&P Mid-Cap 400 | 25,299 | 63,274 | 250.11% |
| RYH | Guggenheim S&P Equal Weight Health Care | 100,207 | 243,673 | 243.17% |
| CRBN | iShares MSCI ACWI Low Carbon Target | 6,068 | 14,528 | 239.42% |
| FNDB | Schwab Fundamental U.S. Broad Market | 64,237 | 151,769 | 236.27% |
| PWZ | PowerShares California AMT-Free Municipal Bond | 21,083 | 49,781 | 236.12% |
| DWM | WisdomTree International Equity | 98,403 | 228,089 | 231.79% |
| FXC | CurrencyShares Canadian Dollar Trust | 67,687 | 149,219 | 220.46% |
| XSW | SPDR S&P Software & Services | 6,542 | 14,215 | 217.29% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| SILJ | PureFunds ISE Junior Silver (Small Cap Miners/Explorers) | 11.65% | 20,104 | 3.61 |
| GDXJ | Market Vectors Junior Gold Miners | 11.60% | 49,963,368 | 1,310.29 |
| SGDJ | Sprott Junior Gold Miners | 10.85% | 26,636 | 24.94 |
| SIL | Global X Silver Miners | 10.43% | 1,059,239 | 142.54 |
| FTHI | First Trust High Income | 9.74% | 4,969 | 6.94 |
| GDX | Market Vectors Gold Miners | 8.77% | 287,858,840 | 4,697.34 |
| RING | iShares MSCI Global Gold Miners | 8.70% | 396,585 | 46.68 |
| EWM | iShares MSCI Malaysia | 8.46% | 8,998,247 | 245.29 |
| SGDM | Sprott Gold Miners | 8.44% | 255,402 | 115.13 |
| BRXX | EGShares Brazil Infrastructure | 8.39% | 28,602 | 9.54 |
Bottom 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| VXUP | AccuShares Spot CBOE VIX Up Shares | -67.74% | 310,658 | 1.08 |
| XBI | SPDR S&P Biotech | -65.12% | 14,353,540 | 2,673.03 |
| XSD | SPDR S&P Semiconductor | -49.98% | 563,243 | 120.55 |
| XAR | SPDR Aerospace & Defense | -49.75% | 35,070 | 115.00 |
| MTK | SPDR Morgan Stanley Technology | -49.12% | 59,887 | 423.95 |
| XRT | SPDR S&P Retail | -49.11% | 15,535,704 | 1,097.93 |
| XSW | SPDR S&P Software & Services | -48.93% | 71,075 | 54.19 |
| XTN | SPDR S&P Transportation | -48.80% | 193,653 | 282.96 |
| XHE | SPDR S&P Health Care Equipment | -48.80% | 10,838 | 52.79 |
| XHS | SPDR S&P Health Care Services | -48.44% | 93,563 | 207.93 |
Top 10 YTD Performers
| Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
| BBP | BioShares Biotechnology Products | 0.29 | 0.21 | 25.27 |
| MOM | QuantShares U.S. Market Neutral Momentum | 0.26 | 5.69 | 1.34 |
| BBC | BioShares Biotechnology Clinical Trials | 0.26 | 5.06 | 31.58 |
| PSCH | PowerShares S&P SmallCap Health Care | 0.24 | 2.85 | 284.28 |
| EIRL | iShares MSCI Ireland Capped | 0.22 | 3.04 | 167.08 |
| DXJH | WisdomTree Japan Hedged Health Care | 0.21 | -1.67 | 14.12 |
| IBB | iShares Nasdaq Biotechnology | 0.20 | 2.19 | 9,136.26 |
| EDEN | iShares MSCI Denmark Capped | 0.19 | 0.69 | 65.93 |
| FBT | First Trust NYSE Arca Biotechnology | 0.18 | 2.92 | 3,635.49 |
| PTH | PowerShares DWA Healthcare Momentum | 0.17 | 2.97 | 267.79 |
Bottom 10 YTD Performers
| Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
| XBI | SPDR S&P Biotech | -0.57 | 2.92 | 2,673.03 |
| XTN | SPDR S&P Transportation | -0.56 | 2.17 | 282.96 |
| XSD | SPDR S&P Semiconductor | -0.51 | -0.31 | 120.55 |
| XAR | SPDR Aerospace & Defense | -0.51 | 0.26 | 115.00 |
| XRT | SPDR S&P Retail | -0.51 | 1.90 | 1,097.93 |
| MTK | SPDR Morgan Stanley Technology | -0.50 | 1.71 | 423.95 |
| XSW | SPDR S&P Software & Services | -0.48 | 2.33 | 54.19 |
| CVOL | C-Tracks Citi Volatility ETN | -0.47 | -33.26 | 4.15 |
| GAZ | iPath Bloomberg Natural Gas Subindex Total Return ETN | -0.46 | -1.83 | 10.66 |
| XPH | SPDR S&P Pharmaceuticals | -0.45 | 2.79 | 1,028.79 |
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.
