Modest ETF Inflows As Fed Starts Buying

YTD inflows now stand at $119 billion. 

sumit
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Senior ETF Analyst
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Reviewed by: Sumit Roy
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Edited by: Sumit Roy

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)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust1,858.52252,392.650.74%
GLDSPDR Gold Trust1,282.9760,670.332.11%
XLVHealth Care Select Sector SPDR Fund914.8525,746.493.55%
VGTVanguard Information Technology ETF857.2227,722.243.09%
AGGiShares Core U.S. Aggregate Bond ETF675.2472,065.000.94%
XLCCommunication Services Select Sector SPDR Fund648.888,366.187.76%
BNDVanguard Total Bond Market ETF573.8052,059.531.10%
XLKTechnology Select Sector SPDR Fund485.1227,974.931.73%
SKYYFirst Trust Cloud Computing ETF396.743,557.0111.15%
QQQInvesco QQQ Trust386.17100,575.760.38%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
IWMiShares Russell 2000 ETF-1,465.3030,677.06-4.78%
IVViShares Core S&P 500 ETF-1,021.08175,285.19-0.58%
XLFFinancial Select Sector SPDR Fund-780.5915,097.44-5.17%
FDNFirst Trust Dow Jones Internet Index Fund-695.137,882.24-8.82%
VOOVanguard S&P 500 ETF-475.72127,992.51-0.37%
FIHDUBS AG FI Enhanced Global High Yield ETN-459.51790.06-58.16%
EFAiShares MSCI EAFE ETF-441.6443,391.46-1.02%
XLUUtilities Select Sector SPDR Fund-426.7011,130.02-3.83%
XLIIndustrial Select Sector SPDR Fund-422.626,527.07-6.47%
IWDiShares Russell 1000 Value ETF-378.5331,341.48-1.21%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-836.012,182,632.67-0.04%
International Equity-2,051.90707,532.42-0.29%
U.S. Fixed Income3,882.12809,832.390.48%
International Fixed Income555.8985,823.630.65%
Commodities ETFs1,660.22108,598.951.53%
Currency-116.172,179.26-5.33%
Leveraged-204.0731,599.03-0.65%
Inverse199.6019,199.781.04%
Asset Allocation4.398,800.180.05%
Alternatives108.354,433.762.44%
Total:3,202.423,960,632.060.08%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity48,728.862,182,632.672.23%
International Equity-16,695.27707,532.42-2.36%
U.S. Fixed Income43,668.46809,832.395.39%
International Fixed Income198.7385,823.630.23%
Commodities ETFs25,610.85108,598.9523.58%
Currency865.102,179.2639.70%
Leveraged7,382.9231,599.0323.36%
Inverse10,765.7019,199.7856.07%
Asset Allocation-31.398,800.18-0.36%
Alternatives-1,541.144,433.76-34.76%
Total:118,952.813,960,632.063.00%

 

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
BBINJPMorgan BetaBuilders International Equity ETF46,769130,615279.28%
USSGXtrackers MSCI U.S.A. ESG Leaders Equity ETF201,8761,275,895632.02%
KORPAmerican Century Diversified Corporate Bond ETF6,09012,174199.90%
VSMVVictoryShares U.S. Multi-Factor Minimum Volatility ETF14,17329,255206.41%
TIPZPIMCO Broad US TIPS Index ETF8,57318,326213.75%
USRTiShares Core U.S. REIT ETF354,814628,373177.10%
EFAXSPDR MSCI EAFE Fossil Fuel Reserves Free ETF8,02034,624431.73%
FNGOMicroSectors FANG+ Index 2X Leveraged ETN6,43312,330191.68%
VSGXVanguard ESG International Stock ETF158,487246,992155.84%
TDTTFlexShares iBoxx 3 Year Target Duration TIPS Index Fund157,909511,803324.11%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
VXXiPath Series B S&P 500 VIX Short Term Futures ETN13.45%98,186,476713.26
VIIXVelocityShares Daily Long VIX Short-Term ETN13.28%108,46361.56
VIXYProShares VIX Short-Term Futures ETF13.05%13,516,036184.36
INPTFiPath MSCI India Index ETN8.25%7,08959.00
MLPCC-Tracks Miller/Howard MLP Fundamental ETN7.31%1,07746.69
VIXMProShares VIX Mid-Term Futures ETF7.14%199,48664.24
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN6.92%113,04328.78
SGGFFiPath Bloomberg Sugar Subindex Total Return ETN4.73%1,29310.53
PTHInvesco DWA Healthcare Momentum ETF4.17%287,975329.58
MOMAGFiQ U.S. Market Neutral Momentum Fund3.88%28,9524.44

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
VIXYProShares VIX Short-Term Futures ETF148.59%13.05%184.36
VIIXVelocityShares Daily Long VIX Short-Term ETN148.14%13.28%61.56
VXXiPath Series B S&P 500 VIX Short Term Futures ETN147.82%13.45%713.26
XVZiPath S&P 500 Dynamic VIX ETN96.36%-0.02%4.82
VIXMProShares VIX Mid-Term Futures ETF92.39%7.14%64.24
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN91.52%6.92%28.78
GRNTFiPath Global Carbon ETN74.64%-3.00%4.25
CLIXProShares Long Online/Short Stores ETF43.89%3.81%182.09
ZROZPIMCO 25+ Year Zero Coupon US Treasury Index ETF34.42%1.30%381.62
MOMAGFiQ U.S. Market Neutral Momentum Fund32.25%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.

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.