‘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 Roy

Senior ETF Analyst

Jun 21, 2019

Reviewed by: Sumit Roy

Edited by: Sumit Roy

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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)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
VO	Vanguard Mid-Cap ETF	1,799.36	27,821.58	6.47%
IVV	iShares Core S&P 500 ETF	1,756.44	181,931.26	0.97%
VUG	Vanguard Growth ETF	1,439.27	41,883.42	3.44%
LQD	iShares iBoxx USD Investment Grade Corporate Bond ETF	1,354.72	35,156.73	3.85%
IWM	iShares Russell 2000 ETF	1,342.77	43,191.30	3.11%
SKYY	First Trust Cloud Computing ETF	1,082.03	3,304.70	32.74%
IEFA	iShares Core MSCI EAFE ETF	1,026.53	64,851.31	1.58%
HDV	iShares Core High Dividend ETF	980.05	8,208.84	11.94%
VOO	Vanguard S&P 500 ETF	918.52	114,919.13	0.80%
VTI	Vanguard Total Stock Market ETF	795.86	115,649.44	0.69%

Top 10 Redemptions (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
EFA	iShares MSCI EAFE ETF	-816.69	60,899.25	-1.34%
BIL	SPDR Bloomberg Barclays 1-3 Month T-Bill ETF	-507.99	9,437.73	-5.38%
XLV	Health Care Select Sector SPDR Fund	-467.82	18,420.20	-2.54%
VWO	Vanguard FTSE Emerging Markets ETF	-442.36	62,821.71	-0.70%
SHY	iShares 1-3 Year Treasury Bond ETF	-414.84	17,729.18	-2.34%
GOVT	iShares U.S. Treasury Bond ETF	-384.18	10,747.13	-3.57%
IEF	iShares 7-10 Year Treasury Bond ETF	-350.32	16,035.63	-2.18%
XLK	Technology Select Sector SPDR Fund	-316.37	21,176.81	-1.49%
EEM	iShares MSCI Emerging Markets ETF	-242.37	31,660.47	-0.77%
GDXJ	VanEck Vectors Junior Gold Miners ETF	-180.44	3,822.13	-4.72%

ETF Weekly Flows By Asset Class

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	22,432.25	2,249,184.45	1.00%
International Equity	1,514.96	818,153.84	0.19%
U.S. Fixed Income	3,602.61	679,109.26	0.53%
International Fixed Income	776.78	76,353.11	1.02%
Commodities	390.92	64,141.73	0.61%
Currency	-58.98	1,490.19	-3.96%
Leveraged	-310.71	37,809.82	-0.82%
Inverse	226.13	11,670.17	1.94%
Asset Allocation	29.79	9,557.53	0.31%
Alternatives	126.23	4,646.38	2.72%
Total:	28,729.98	3,952,116.47	0.73%

Asset Classes (Year-to-Date)

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	46,362.03	2,249,184.45	2.06%
International Equity	7,817.34	818,153.84	0.96%
U.S. Fixed Income	61,302.34	679,109.26	9.03%
International Fixed Income	7,379.14	76,353.11	9.66%
Commodities	-1,462.21	64,141.73	-2.28%
Currency	-295.72	1,490.19	-19.84%
Leveraged	-2,276.49	37,809.82	-6.02%
Inverse	2,885.07	11,670.17	24.72%
Asset Allocation	-343.12	9,557.53	-3.59%
Alternatives	738.80	4,646.38	15.90%
Total:	122,107.18	3,952,116.47	3.09%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker	Name	Average Volume (30 Day)	1 Week Average Volume	% of Average
FLBL	Franklin Liberty Senior Loan ETF	689	4,447	645.25%
PGF	Invesco Financial Preferred ETF	408,592	1,675,501	410.07%
PXLV	Invesco Russell Top 200 Pure Value ETF	12,269	43,183	351.98%
MLPX	Global X MLP & Energy Infrastructure ETF	318,979	1,115,254	349.63%
MIDU	Direxion Daily Mid Cap Bull 3x Shares	61,095	137,160	224.50%
ELD	WisdomTree Emerging Markets Local Debt Fund	25,307	82,156	324.64%
NULV	Nuveen ESG Large-Cap Value ETF	25,403	56,011	220.49%
ONEO	SPDR Russell 1000 Momentum Focus	7,616	15,656	205.57%
ULST	SPDR SSgA Ultra Short Term Bond ETF	85,970	166,746	193.96%
ICVT	iShares Convertible Bond ETF	41,037	80,178	195.38%

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

| 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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‘SKYY’ Leads Weekly Inflows To $29B

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