Record Highs & 'SPY' Pace Weekly ETF Inflows Of $6.5B
Weekly inflows were largely fueled by 'SPY.'
After pulling money out of the fund for a number of weeks, investors finally put money back into the world's largest ETF. The SPDR S&P 500 ETF (SPY) had inflows of $5.8 billion during the week ending Thursday, July 27, according to the latest data from FactSet.
SPY's inflows played a large part in fueling the week's total ETF inflows of $6.5 billion and pushing year-to-date inflows to $272.5 billion.
It was also the reason U.S. equity ETFs as a whole managed to see net weekly inflows of almost $4 billion.
Meanwhile, every other major ETF segment also saw net inflows during the period, with the exception of commodities, which lost $900 million. International equity ETFs pulled in $2 billion; U.S. fixed-income ETFs took in nearly $1 billion; and international fixed-income ETFs garnered about $380 million.
During the week, the S&P 500 hit a fresh record high of 2,484, thanks to strong corporate earnings reports. At the same time, the U.S. 10-year Treasury yield climbed from 2.22% to 2.29%, as the Federal Reserve left interest rates unchanged.
'IVV' Still Outpacing 'SPY' In 2017
Though SPY's weekly inflows were sizable, the ETF still has net outflows in the year-to-date period, to the tune of $6.2 billion. That's in contrast to the iShares Core S&P 500 ETF (IVV), which pulled in almost $400 million during the week, and which has year-to-date inflows of $20.6 billion.
Three other noteworthy ETFs on the inflows list include the SPDR S&P Oil & Gas Exploration & Production ETF (XOP), the Financial Select Sector SPDR Fund (XLF) and the VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC), each with inflows of just over $200 million.
On the outflows side, noteworthy losers include the iShares 20+ Year Treasury Bond ETF (TLT), with redemptions of $1 billion; the SPDR Gold Trust (GLD), with redemptions of $830 million; the Energy Select Sector SPDR Fund (XLE), with redemptions of $530 million; and the VanEck Vectors Gold Miners ETF (GDX), with redemptions of $340 million.
For a full list of this week's top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 ETF Trust | 5,814.26 | 242,833.54 | 2.45% |
| IEFA | iShares Core MSCI EAFE ETF | 733.93 | 32,925.63 | 2.28% |
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | 567.53 | 37,606.89 | 1.53% |
| IVV | iShares Core S&P 500 ETF | 398.05 | 121,990.24 | 0.33% |
| IVW | iShares S&P 500 Growth ETF | 303.48 | 18,911.77 | 1.63% |
| IWB | iShares Russell 1000 ETF | 288.87 | 19,170.43 | 1.53% |
| IJR | iShares Core S&P Small Cap ETF | 232.15 | 31,762.86 | 0.74% |
| XOP | SPDR S&P Oil & Gas Exploration & Production ETF | 230.79 | 2,324.99 | 11.02% |
| XLF | Financial Select Sector SPDR Fund | 228.87 | 26,096.96 | 0.88% |
| EMLC | VanEck Vectors J.P. Morgan EM Local Currency Bond ETF | 210.18 | 3,929.89 | 5.65% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| QQQ | PowerShares QQQ Trust | -2,584.95 | 52,867.93 | -4.66% |
| IWM | iShares Russell 2000 ETF | -1,649.57 | 34,993.04 | -4.50% |
| TLT | iShares 20+ Year Treasury Bond ETF | -1,038.66 | 7,223.46 | -12.57% |
| GLD | SPDR Gold Trust | -833.25 | 32,070.63 | -2.53% |
| XLE | Energy Select Sector SPDR Fund | -529.35 | 15,400.57 | -3.32% |
| GDX | VanEck Vectors Gold Miners ETF | -337.21 | 7,454.55 | -4.33% |
| VXUS | Vanguard Total International Stock ETF | -244.89 | 8,843.98 | -2.69% |
| USMV | iShares Edge MSCI Min Vol USA ETF | -218.57 | 13,463.97 | -1.60% |
| IYR | iShares U.S. Real Estate ETF | -217.35 | 4,070.05 | -5.07% |
| XLU | Utilities Select Sector SPDR Fund | -186.14 | 7,338.21 | -2.47% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 3,966.68 | 1,706,291.82 | 0.23% |
| International Equity | 2,038.09 | 695,513.19 | 0.29% |
| U.S. Fixed Income | 993.61 | 487,432.43 | 0.20% |
| International Fixed Income | 382.27 | 52,192.62 | 0.73% |
| Commodities | -902.28 | 61,457.51 | -1.47% |
| Currency | -27.19 | 1,443.47 | -1.88% |
| Leveraged | -60.62 | 28,989.99 | -0.21% |
| Inverse | 25.80 | 16,127.19 | 0.16% |
| Asset Allocation | 34.67 | 7,385.03 | 0.47% |
| Alternatives | 93.66 | 3,892.72 | 2.41% |
| Total: | 6,544.69 | 3,060,725.97 | 0.21% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
| PBW | PowerShares WilderHill Clean Energy Portfolio | 136,209 | 421,084 | 309.15% |
| HAWX | iShares Currency Hedged MSCI ACWI ex U.S. ETF | 17,857 | 37,213 | 208.40% |
| ROOF | IQ US Real Estate Small Cap ETF | 20,040 | 38,217 | 190.70% |
| JPGE | J.P. Morgan Diversified Return Global Equity ETF | 8,228 | 17,301 | 210.26% |
| DGRS | WisdomTree US Smallcap Quality Dividend Growth Fund | 20,217 | 41,229 | 203.93% |
| HYHG | ProShares High Yield-Interest Rate Hedged ETF | 19,990 | 34,481 | 172.49% |
| SHE | SPDR SSGA Gender Diversity Index ETF | 3,678 | 7,314 | 198.89% |
| FNK | First Trust Mid Cap Value AlphaDEX Fund | 9,604 | 25,611 | 266.67% |
| BKF | iShares MSCI BRIC ETF | 25,548 | 40,388 | 158.09% |
| DYLS | WisdomTree Dynamic Long/Short U.S. Equity Fund | 14,607 | 24,100 | 164.99% |
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.
