‘SKYY’ Leads Weekly Inflows To $29B

Investors plowed into U.S. equity ETFs as the S&P 500 hit a record high 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

Record highs in the U.S. stock market were met by strong inflows for U.S.-listed ETFs. Investors added an impressive $28.7 billion to ETFs during the week ending Thursday, June 20, as the S&P 500 closed at its highest level ever.

Unsurprisingly, most of that money—$22.4 billion—went into U.S. equity ETFs. But international equity ETFs and U.S. fixed income ETFs also had solid inflows.

The week’s strong showing helped push overall year-to-date inflows for 2019 up to $122.1 billion, a bit below last year’s $142.5 billion pace.

‘SKYY’ Flies Onto Top Inflows List

A dovish conclusion to the Federal Reserve meeting on Wednesday and confirmation that President Trump will meet with China’s President Xi Jinping at the G-20 next week bolstered investor confidence in equities.

Low-cost Vanguard funds like the Vanguard Mid-Cap ETF (VO), the Vanguard Growth ETF (VUG) and the Vanguard S&P 500 ETF (VOO) were among the biggest flows winners of the week.

However, perhaps the biggest standout was the First Trust Cloud Computing ETF (SKYY), which picked up $1.1 billion in fresh assets, bringing its AUM to more than $3.3 billion. SKYY holds companies focused on the red-hot cloud computing/SaaS industry.

‘LQD’ Offsets Outflows From Other Bond ETFs

Meanwhile, fixed income ETFs remained popular with investors despite the surge in stocks. Bonds rallied to new multiyear highs and interest rates plunged, with the 10-year Treasury briefly falling below 2% amid growing expectations the Fed will cut rates in July.

The iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), with $1.4 billion in weekly inflows, was the most popular fixed income ETF of the week. It helped offset hefty outflows from other bond funds like the SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (BIL) and the iShares 1-3 Year Treasury Bond ETF (SHY).

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
VOVanguard Mid-Cap ETF1,799.3627,821.586.47%
IVViShares Core S&P 500 ETF1,756.44181,931.260.97%
VUGVanguard Growth ETF1,439.2741,883.423.44%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF1,354.7235,156.733.85%
IWMiShares Russell 2000 ETF1,342.7743,191.303.11%
SKYYFirst Trust Cloud Computing ETF1,082.033,304.7032.74%
IEFAiShares Core MSCI EAFE ETF1,026.5364,851.311.58%
HDViShares Core High Dividend ETF980.058,208.8411.94%
VOOVanguard S&P 500 ETF918.52114,919.130.80%
VTIVanguard Total Stock Market ETF795.86115,649.440.69%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
EFAiShares MSCI EAFE ETF-816.6960,899.25-1.34%
BILSPDR Bloomberg Barclays 1-3 Month T-Bill ETF-507.999,437.73-5.38%
XLVHealth Care Select Sector SPDR Fund-467.8218,420.20-2.54%
VWOVanguard FTSE Emerging Markets ETF-442.3662,821.71-0.70%
SHYiShares 1-3 Year Treasury Bond ETF-414.8417,729.18-2.34%
GOVTiShares U.S. Treasury Bond ETF-384.1810,747.13-3.57%
IEFiShares 7-10 Year Treasury Bond ETF-350.3216,035.63-2.18%
XLKTechnology Select Sector SPDR Fund-316.3721,176.81-1.49%
EEMiShares MSCI Emerging Markets ETF-242.3731,660.47-0.77%
GDXJVanEck Vectors Junior Gold Miners ETF-180.443,822.13-4.72%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity22,432.252,249,184.451.00%
International Equity1,514.96818,153.840.19%
U.S. Fixed Income3,602.61679,109.260.53%
International Fixed Income776.7876,353.111.02%
Commodities 390.9264,141.730.61%
Currency-58.981,490.19-3.96%
Leveraged-310.7137,809.82-0.82%
Inverse226.1311,670.171.94%
Asset Allocation29.799,557.530.31%
Alternatives126.234,646.382.72%
Total:28,729.983,952,116.470.73%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity46,362.032,249,184.452.06%
International Equity7,817.34818,153.840.96%
U.S. Fixed Income61,302.34679,109.269.03%
International Fixed Income7,379.1476,353.119.66%
Commodities -1,462.2164,141.73-2.28%
Currency-295.721,490.19-19.84%
Leveraged-2,276.4937,809.82-6.02%
Inverse2,885.0711,670.1724.72%
Asset Allocation-343.129,557.53-3.59%
Alternatives738.804,646.3815.90%
Total:122,107.183,952,116.473.09%

 

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
FLBLFranklin Liberty Senior Loan ETF6894,447645.25%
PGFInvesco Financial Preferred ETF408,5921,675,501410.07%
PXLVInvesco Russell Top 200 Pure Value ETF12,26943,183351.98%
MLPXGlobal X MLP & Energy Infrastructure ETF318,9791,115,254349.63%
MIDUDirexion Daily Mid Cap Bull 3x Shares61,095137,160224.50%
ELDWisdomTree Emerging Markets Local Debt Fund25,30782,156324.64%
NULVNuveen ESG Large-Cap Value ETF25,40356,011220.49%
ONEOSPDR Russell 1000 Momentum Focus7,61615,656205.57%
ULSTSPDR SSgA Ultra Short Term Bond ETF85,970166,746193.96%
ICVTiShares Convertible Bond ETF41,03780,178195.38%

 

 

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.