Modest ETF Inflows As Fed Starts Buying
YTD inflows now stand at $119 billion.
Relatively stable financial markets led to relatively stable ETF flows this week. On net, $3.2 billion flowed into U.S.-listed ETFs during the week ending Thursday, May 14. Year-to-date inflows now stand at $119 billion, ahead of the $67.2 billion seen at this same time last year.
Fed Starts Buying
U.S. fixed income ETFs gathered the largest chunk of this week's inflows, $3.9 billion, as the Federal Reserve began buying ETFs under its Secondary Market Corporate Credit Facility. Based on the latest snapshot of the central bank's balance sheet, the Fed purchased $305 million of corporate bond ETFs so far, though it's currently unknown exactly which funds those are.
Funds that may be targeted by the Fed for purchase, such as the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD) and the iShares iBoxx USD High Yield Corporate Bond ETF (HYG), had net outflows since the Fed began buying on Tuesday, so they don't appear on this week's top inflows list.
Rather, the list includes the SPDR S&P 500 ETF Trust (SPY), the SPDR Gold Trust (GLD) and the Health Care Select Sector SPDR Fund (XLV) at the top positions.
GLD's inflows pushed its year-to-date haul to $11.3 billion and total assets under management to more than $60 billion.
For a full list of this week's top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
SPY | SPDR S&P 500 ETF Trust | 1,858.52 | 252,392.65 | 0.74% |
GLD | SPDR Gold Trust | 1,282.97 | 60,670.33 | 2.11% |
XLV | Health Care Select Sector SPDR Fund | 914.85 | 25,746.49 | 3.55% |
VGT | Vanguard Information Technology ETF | 857.22 | 27,722.24 | 3.09% |
AGG | iShares Core U.S. Aggregate Bond ETF | 675.24 | 72,065.00 | 0.94% |
XLC | Communication Services Select Sector SPDR Fund | 648.88 | 8,366.18 | 7.76% |
BND | Vanguard Total Bond Market ETF | 573.80 | 52,059.53 | 1.10% |
XLK | Technology Select Sector SPDR Fund | 485.12 | 27,974.93 | 1.73% |
SKYY | First Trust Cloud Computing ETF | 396.74 | 3,557.01 | 11.15% |
QQQ | Invesco QQQ Trust | 386.17 | 100,575.76 | 0.38% |
Top 10 Redemptions (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
IWM | iShares Russell 2000 ETF | -1,465.30 | 30,677.06 | -4.78% |
IVV | iShares Core S&P 500 ETF | -1,021.08 | 175,285.19 | -0.58% |
XLF | Financial Select Sector SPDR Fund | -780.59 | 15,097.44 | -5.17% |
FDN | First Trust Dow Jones Internet Index Fund | -695.13 | 7,882.24 | -8.82% |
VOO | Vanguard S&P 500 ETF | -475.72 | 127,992.51 | -0.37% |
FIHD | UBS AG FI Enhanced Global High Yield ETN | -459.51 | 790.06 | -58.16% |
EFA | iShares MSCI EAFE ETF | -441.64 | 43,391.46 | -1.02% |
XLU | Utilities Select Sector SPDR Fund | -426.70 | 11,130.02 | -3.83% |
XLI | Industrial Select Sector SPDR Fund | -422.62 | 6,527.07 | -6.47% |
IWD | iShares Russell 1000 Value ETF | -378.53 | 31,341.48 | -1.21% |
ETF Weekly Flows By Asset Class
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | -836.01 | 2,182,632.67 | -0.04% |
International Equity | -2,051.90 | 707,532.42 | -0.29% |
U.S. Fixed Income | 3,882.12 | 809,832.39 | 0.48% |
International Fixed Income | 555.89 | 85,823.63 | 0.65% |
Commodities ETFs | 1,660.22 | 108,598.95 | 1.53% |
Currency | -116.17 | 2,179.26 | -5.33% |
Leveraged | -204.07 | 31,599.03 | -0.65% |
Inverse | 199.60 | 19,199.78 | 1.04% |
Asset Allocation | 4.39 | 8,800.18 | 0.05% |
Alternatives | 108.35 | 4,433.76 | 2.44% |
Total: | 3,202.42 | 3,960,632.06 | 0.08% |
Asset Classes (Year-to-Date)
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 48,728.86 | 2,182,632.67 | 2.23% |
International Equity | -16,695.27 | 707,532.42 | -2.36% |
U.S. Fixed Income | 43,668.46 | 809,832.39 | 5.39% |
International Fixed Income | 198.73 | 85,823.63 | 0.23% |
Commodities ETFs | 25,610.85 | 108,598.95 | 23.58% |
Currency | 865.10 | 2,179.26 | 39.70% |
Leveraged | 7,382.92 | 31,599.03 | 23.36% |
Inverse | 10,765.70 | 19,199.78 | 56.07% |
Asset Allocation | -31.39 | 8,800.18 | -0.36% |
Alternatives | -1,541.14 | 4,433.76 | -34.76% |
Total: | 118,952.81 | 3,960,632.06 | 3.00% |
Top 10 Volume Surprises, Funds >$50 mm AUM
Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
BBIN | JPMorgan BetaBuilders International Equity ETF | 46,769 | 130,615 | 279.28% |
USSG | Xtrackers MSCI U.S.A. ESG Leaders Equity ETF | 201,876 | 1,275,895 | 632.02% |
KORP | American Century Diversified Corporate Bond ETF | 6,090 | 12,174 | 199.90% |
VSMV | VictoryShares U.S. Multi-Factor Minimum Volatility ETF | 14,173 | 29,255 | 206.41% |
TIPZ | PIMCO Broad US TIPS Index ETF | 8,573 | 18,326 | 213.75% |
USRT | iShares Core U.S. REIT ETF | 354,814 | 628,373 | 177.10% |
EFAX | SPDR MSCI EAFE Fossil Fuel Reserves Free ETF | 8,020 | 34,624 | 431.73% |
FNGO | MicroSectors FANG+ Index 2X Leveraged ETN | 6,433 | 12,330 | 191.68% |
VSGX | Vanguard ESG International Stock ETF | 158,487 | 246,992 | 155.84% |
TDTT | FlexShares iBoxx 3 Year Target Duration TIPS Index Fund | 157,909 | 511,803 | 324.11% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
VXX | iPath Series B S&P 500 VIX Short Term Futures ETN | 13.45% | 98,186,476 | 713.26 |
VIIX | VelocityShares Daily Long VIX Short-Term ETN | 13.28% | 108,463 | 61.56 |
VIXY | ProShares VIX Short-Term Futures ETF | 13.05% | 13,516,036 | 184.36 |
INPTF | iPath MSCI India Index ETN | 8.25% | 7,089 | 59.00 |
MLPC | C-Tracks Miller/Howard MLP Fundamental ETN | 7.31% | 1,077 | 46.69 |
VIXM | ProShares VIX Mid-Term Futures ETF | 7.14% | 199,486 | 64.24 |
VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | 6.92% | 113,043 | 28.78 |
SGGFF | iPath Bloomberg Sugar Subindex Total Return ETN | 4.73% | 1,293 | 10.53 |
PTH | Invesco DWA Healthcare Momentum ETF | 4.17% | 287,975 | 329.58 |
MOM | AGFiQ U.S. Market Neutral Momentum Fund | 3.88% | 28,952 | 4.44 |
Top 10 YTD Performers
Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
VIXY | ProShares VIX Short-Term Futures ETF | 148.59% | 13.05% | 184.36 |
VIIX | VelocityShares Daily Long VIX Short-Term ETN | 148.14% | 13.28% | 61.56 |
VXX | iPath Series B S&P 500 VIX Short Term Futures ETN | 147.82% | 13.45% | 713.26 |
XVZ | iPath S&P 500 Dynamic VIX ETN | 96.36% | -0.02% | 4.82 |
VIXM | ProShares VIX Mid-Term Futures ETF | 92.39% | 7.14% | 64.24 |
VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | 91.52% | 6.92% | 28.78 |
GRNTF | iPath Global Carbon ETN | 74.64% | -3.00% | 4.25 |
CLIX | ProShares Long Online/Short Stores ETF | 43.89% | 3.81% | 182.09 |
ZROZ | PIMCO 25+ Year Zero Coupon US Treasury Index ETF | 34.42% | 1.30% | 381.62 |
MOM | AGFiQ U.S. Market Neutral Momentum Fund | 32.25% | 3.88% | 4.44 |
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.