Robust Weekly ETF Inflows Of $23B

Stocks neared record highs and investors added $23 billion to U.S.-listed ETFs this week.

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

A thaw in the U.S.-China trade war was all it took for investors to rush head first into stocks, adding billions to ETF assets and pushing the S&P 500 toward a record high.

On net, investors added $22.8 billion to U.S.-listed ETFs. The vast majority of that—$20.1 billion—went into U.S. equity ETFs, including $7.3 billion into the SPDR S&P 500 ETF Trust (SPY) and $3.9 billion into the iShares Russell 2000 ETF (IWM).

Meanwhile, though bond prices sold off this week, U.S. fixed income ETFs continued to gather assets as they have all year long. A net $4.6 billion flowed into that segment, led by a $738 million inflow for the SPDR Bloomberg Barclays High Yield Bond ETF (JNK) and a $557 million inflow for the iShares Intermediate-Term Corporate Bond ETF (IGIB).

Year-to-date net inflows for all U.S.-listed ETFs now stand at $173.5 billion, a tad less than the $180.6 billion at this same time last year.

More Constructive Tone

Positive dialogue between the U.S. and China on the trade front helped push the S&P 500 above 3,020 on Thursday, nearing its all-time high of 3,028 from July. At the same time, bonds sold off, yields spiked and the Treasury curve steepened on the trade news and a generally more positive tone surrounding economic growth.

Recent economic data has been solid, and central bank stimulus may support the economy through any trade head winds. The European Central Bank cut interest rates further into negative territory and resumed quantitative easing on Thursday. The Federal Reserve is expected to cut interest rates when it meets next Wednesday.

The U.S. 10-year Treasury yield rallied to as high as 1.9% as of this writing, solidly above the two-year yield of 1.79%.

Gold prices plunged below $1,500 this week, down from a recent high of $1,557 as safe-haven demand ebbed. The SPDR Gold Trust (GLD) had outflows of $458 million in the past five trading sessions.

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 Trust7,304.45275,363.302.65%
IWMiShares Russell 2000 ETF3,855.5945,679.088.44%
XLVHealth Care Select Sector SPDR Fund893.1117,651.945.06%
QQQInvesco QQQ Trust871.4475,861.661.15%
VTIVanguard Total Stock Market ETF762.27122,410.110.62%
IYRiShares U.S. Real Estate ETF743.825,209.4814.28%
JNKSPDR Bloomberg Barclays High Yield Bond ETF738.379,859.037.49%
XLFFinancial Select Sector SPDR Fund717.5022,625.993.17%
IGIBiShares Intermediate-Term Corporate Bond ETF557.257,704.037.23%
VOOVanguard S&P 500 ETF550.67122,729.170.45%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
EMBiShares JP Morgan USD Emerging Markets Bond ETF-536.2415,075.61-3.56%
OMFLInvesco Russell 1000 Dynamic Multifactor ETF-478.821,120.63-42.73%
FIHDUBS AG FI Enhanced Global High Yield ETN-463.421,667.64-27.79%
GLDSPDR Gold Trust-457.5142,187.41-1.08%
FIYYBarclays ETN+ FI Enhanced Global High Yield ETN Series B-434.331,144.20-37.96%
SHViShares Short Treasury Bond ETF-430.8923,634.90-1.82%
FLGECredit Suisse FI Large Cap Growth Enhanced ETN-377.111,718.77-21.94%
EWJiShares MSCI Japan ETF-322.1012,054.91-2.67%
XLYConsumer Discretionary Select Sector SPDR Fund-287.3814,351.29-2.00%
FBGXUBS AG FI Enhanced Large Cap Growth ETN-282.531,309.25-21.58%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity20,130.362,324,194.590.87%
International Equity111.40807,668.320.01%
U.S. Fixed Income4,591.23718,169.780.64%
International Fixed Income-276.6981,258.95-0.34%
Commodities -396.4478,523.11-0.50%
Currency20.381,520.791.34%
Leveraged-1,584.7035,665.46-4.44%
Inverse-128.7712,312.84-1.05%
Asset Allocation136.0310,162.011.34%
Alternatives193.484,576.904.23%
Total:22,796.294,074,052.750.56%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity68,170.242,324,194.592.93%
International Equity-3,132.97807,668.32-0.39%
U.S. Fixed Income93,358.56718,169.7813.00%
International Fixed Income11,201.6581,258.9513.79%
Commodities 6,120.8378,523.117.79%
Currency-267.021,520.79-17.56%
Leveraged-7,553.6335,665.46-21.18%
Inverse4,687.5712,312.8438.07%
Asset Allocation219.4610,162.012.16%
Alternatives667.824,576.9014.59%
Total:173,472.514,074,052.754.26%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
INRMarket Vectors-Indian Rupee/USD ETN20.65%29,9901.02
ULBRVelocityShares Long LIBOR ETN9.77%1,6486.56
XESSPDR S&P Oil & Gas Equipment & Services ETF8.04%6,631,642148.39
PSCEInvesco S&P SmallCap Energy ETF7.89%73,43521.80
OIHVanEck Vectors Oil Services ETF7.71%36,978,498631.06
IEZiShares U.S. Oil Equipment & Services ETF7.24%107,35494.39
RZVInvesco S&P SmallCap 600 Pure Value ETF7.23%32,349186.64
PSCMInvesco S&P SmallCap Materials ETF6.94%1,63016.24
RWJInvesco S&P SmallCap 600 Revenue ETF6.90%49,893390.75
OMFSInvesco Russell 2000 Dynamic Multifactor ETF6.69%5,39814.06

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
INRMarket Vectors-Indian Rupee/USD ETN94.26%20.65%1.02
JJNiPath Series B Bloomberg Nickel Subindex Total Return ETN68.10%0.52%9.20
TANInvesco Solar ETF60.75%-2.29%438.04
GOAUU.S. Global GO Gold and Precious Metal Miners ETF47.41%0.00%33.56
XSDSPDR S&P Semiconductor ETF45.26%0.37%342.56
PBWInvesco WilderHill Clean Energy ETF43.17%1.08%184.96
ITBiShares U.S. Home Construction ETF40.50%0.63%1,101.08
SOXXiShares PHLX Semiconductor ETF40.32%0.81%1,772.05
SMHVanEck Vectors Semiconductor ETF39.53%0.59%1,439.94
CNRGSPDR S&P Kensho Clean Power ETF39.49%-0.57%8.15

 

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.