Record Highs Fuel Weekly ETF Inflows

Fixed income ETFs saw a rare outflow this week, but equity ETF inflows more than made up for it.

Sumit Roy

Senior ETF Analyst

Nov 08, 2019

Reviewed by: Sumit Roy

Edited by: Sumit Roy

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Fresh trade hopes lifted U.S. stocks to record highs this week, bolstering ETF assets. Following the week's gains, U.S.-listed ETF assets under management surpassed $4.2 trillion.

Price appreciation wasn't the only thing lifting ETF assets. Investors put $11.6 billion in new cash to work also. Most of it went into U.S. equity ETFs like the Invesco QQQ Trust (QQQ), the SPDR S&P 500 ETF Trust (SPY) and the Vanguard S&P 500 ETF (VOO).

The S&P 500 reached a record high just below the 3,100 level on Thursday, extending its year-to-date gains to more than 25%.

Meanwhile, U.S. fixed income ETFs registered a rare outflow this week to the tune of $940 million. The benchmark 10-year Treasury bond yield surged 0.25% to as high as 1.97% on Thursday, putting it at its loftiest level in three months. Bond yields and prices move inversely, so many fixed income ETFs sold off this week.

Year-to-date inflows for all U.S.-listed ETFs now stand at $237.4 billion, ahead of last year's $227.8 billion pace.

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
QQQ	Invesco QQQ Trust	1,587.57	80,886.74	1.96%
SPY	SPDR S&P 500 ETF Trust	1,169.02	280,052.63	0.42%
VOO	Vanguard S&P 500 ETF	971.15	123,192.79	0.79%
XLK	Technology Select Sector SPDR Fund	963.91	24,684.70	3.90%
IWM	iShares Russell 2000 ETF	727.94	45,269.50	1.61%
EWJ	iShares MSCI Japan ETF	648.23	13,712.16	4.73%
XLF	Financial Select Sector SPDR Fund	627.31	25,083.78	2.50%
XLI	Industrial Select Sector SPDR Fund	623.15	11,037.00	5.65%
BNDX	Vanguard Total International Bond ETF	531.23	23,861.99	2.23%
EMB	iShares JP Morgan USD Emerging Markets Bond ETF	518.51	14,937.20	3.47%

Top 10 Redemptions (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
SDY	SPDR S&P Dividend ETF	-1,392.50	19,419.03	-7.17%
TLT	iShares 20+ Year Treasury Bond ETF	-755.08	17,539.79	-4.30%
SPLV	Invesco S&P 500 Low Volatility ETF	-559.22	12,507.51	-4.47%
VCIT	Vanguard Intermediate-Term Corporate Bond ETF	-536.04	25,150.51	-2.13%
SCHO	Schwab Short-Term U.S. Treasury ETF	-516.38	5,221.70	-9.89%
BIL	SPDR Bloomberg Barclays 1-3 Month T-Bill ETF	-484.70	8,400.49	-5.77%
TIP	iShares TIPS Bond ETF	-406.03	20,045.00	-2.03%
LQD	iShares iBoxx USD Investment Grade Corporate Bond ETF	-318.61	34,866.60	-0.91%
XLP	Consumer Staples Select Sector SPDR Fund	-267.07	13,144.03	-2.03%
MTUM	iShares Edge MSCI U.S.A. Momentum Factor ETF	-238.57	8,876.53	-2.69%

ETF Weekly Flows By Asset Class

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	8,074.95	2,391,331.35	0.34%
International Equity	3,338.69	847,455.21	0.39%
U.S. Fixed Income	-939.78	736,704.96	-0.13%
International Fixed Income	1,361.39	86,391.98	1.58%
Commodities	-40.35	81,003.74	-0.05%
Currency	-60.15	1,450.35	-4.15%
Leveraged	-565.90	36,976.60	-1.53%
Inverse	375.79	12,243.07	3.07%
Asset Allocation	-6.73	10,501.89	-0.06%
Alternatives	86.45	4,696.95	1.84%
Total:	11,624.34	4,208,756.10	0.28%

Asset Classes (Year-to-Date)

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	93,752.39	2,391,331.35	3.92%
International Equity	6,271.44	847,455.21	0.74%
U.S. Fixed Income	112,624.97	736,704.96	15.29%
International Fixed Income	16,693.84	86,391.98	19.32%
Commodities	9,177.46	81,003.74	11.33%
Currency	-353.66	1,450.35	-24.38%
Leveraged	-7,632.41	36,976.60	-20.64%
Inverse	5,370.80	12,243.07	43.87%
Asset Allocation	439.13	10,501.89	4.18%
Alternatives	1,007.88	4,696.95	21.46%
Total:	237,351.84	4,208,756.10	5.64%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker	Name	Average Volume (30 Day)	1 Week Average Volume	% of Average
NRGO	MicroSectors U.S. Big Oil Index 2X Leveraged ETN	44	225	513.31%
VRP	Invesco Variable Rate Preferred ETF	330,973	1,349,834	407.84%
FSTA	Fidelity MSCI Consumer Staples Index ETF	187,898	662,839	352.77%
CHIX	Global X MSCI China Financials ETF	24,988	78,566	314.42%
HYDW	Xtrackers Low Beta High Yield Bond ETF	7,247	39,982	551.72%
FDIS	Fidelity MSCI Consumer Discretionary Index ETF	81,340	253,098	311.16%
BWZ	SPDR Bloomberg Barclays Short Term International Treasury Bond ETF	50,647	220,771	435.90%
SPMO	Invesco S&P 500 Momentum ETF	18,342	82,549	450.05%
FSZ	First Trust Switzerland AlphaDEX Fund	6,391	26,181	409.67%
BICK	First Trust BICK Index Fund	9,569	58,233	608.56%

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

Ticker	Name	Weekly Performance	Weekly Volume	AUM ($, mm)
SGOL	Aberdeen Standard Physical Swiss Gold Shares ETF	886.34%	11,925,265	1,179.23
FHK	First Trust Hong Kong AlphaDEX Fund	5.71%	1,917	3.50
UNG	United States Natural Gas Fund LP	4.68%	15,354,329	327.96
COPX	Global X Copper Miners ETF	4.46%	225,936	51.33
PAK	Global X MSCI Pakistan ETF	4.20%	261,928	43.71
FCG	First Trust Natural Gas ETF	4.18%	2,201,938	83.56
GAZ	iPath Series B Bloomberg Natural Gas Subindex Total Return ETN	4.13%	26,405	3.81
PSCE	Invesco S&P SmallCap Energy ETF	4.06%	73,964	19.30
SDVY	First Trust SMID Cap Rising Dividend Achievers ETF	3.89%	13,255	7.57
UNL	United States 12 Month Natural Gas Fund LP	3.83%	13,680	4.25

Top 10 YTD Performers

Ticker	Name	YTD Performance	Weekly Performance	AUM ($, mm)
INR	Market Vectors-Indian Rupee/USD ETN	57.72%	0.00%	1.05
JJN	iPath Series B Bloomberg Nickel Subindex Total Return ETN	53.53%	-3.59%	8.84
XSD	SPDR S&P Semiconductor ETF	52.74%	0.85%	407.38
SMH	VanEck Vectors Semiconductor ETF	52.30%	1.56%	1,423.49
FTXL	First Trust Nasdaq Semiconductor ETF	51.29%	1.18%	38.59
SOXX	iShares PHLX Semiconductor ETF	51.22%	1.60%	2,108.96
TAN	Invesco Solar ETF	49.87%	-0.78%	404.39
CHIS	Global X MSCI China Consumer Staples ETF	48.22%	0.61%	2.15
ITB	iShares U.S. Home Construction ETF	46.08%	-1.98%	1,247.94
FLRU	Franklin FTSE Russia ETF	44.36%	0.76%	19.18

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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Record Highs Fuel Weekly ETF Inflows

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