S&P 500 ETFs Power Strong Weekly Inflows
Investors added $16.2 billion to ETFs during the latest week.
The perfect storm for ETF inflows continued this week, as investors plowed $16.2 billion into the space. U.S.-listed ETFs now have year-to-date inflows of a whopping $384.3 billion, a new annual record.
The latest data, which comes courtesy of FactSet and measures the week ending Thursday, Oct. 26, showed the bulk of investors' dollars heading into U.S. equity ETFs. That segment picked up $10.9 billion as investors chased the relentless rally in the U.S. stock market.
On Friday, the S&P 500 surged to a fresh record high of 2,583 on the back of strong tech earnings; a better-than-expected Q3 GDP print of 3%; and rising expectations of tax reform.
Battle Of The S&P 500 ETFs
With the S&P 500 surging to records, it's unsurprising that ETFs tied to the index were popular this week. In fact, the three most popular funds during the period were S&P 500 ETFs.
At the top was the SPDR S&P 500 ETF Trust (SPY), which garnered that position for a second-straight week, with creations of $4.5 billion.
Meanwhile, SPY's biggest rival, the iShares Core S&P 500 ETF (IVV), took the No. 2 spot this week, with inflows of $1.5 billion. Another rival, the Vanguard S&P 500 ETF (VOO), followed suit at No. 3, with inflows of $1.4 billion.
That said, while SPY beat its rivals this week, the year-to-date figures tell a different story. The world's largest ETF has net outflows of $2.1 billion for the year as a whole. For the same period, IVV has net inflows of $27 billion and VOO has net inflows of $12 billion.
Solid Inflows For Fixed-Income ETFs
Along with equities, also garnering solid inflows during the week were international equity and U.S. fixed-income ETFs, with net creations of $2.5 billion and $2.4 billion, respectively.
During the week, the benchmark U.S. 10-year Treasury yield reached the highest level since March, at around 2.47% on word that President Trump could nominate Stanford economist Taylor―a relatively hawkish choice―to be the next Fed Chair. However, the latest sources suggested that Fed Governor Powell―a status quo choice―was more likely to be nominated.
The iShares 20+ Year Treasury Bond ETF (TLT) was the most popular fixed-income ETF of the week, with inflows of $323 million, while the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) was the biggest loser, with outflows of $380 million.
For a full list of this week's top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
SPY | SPDR S&P 500 ETF Trust | 4,525.22 | 253,906.76 | 1.81% |
IVV | iShares Core S&P 500 ETF | 1,477.10 | 132,205.64 | 1.13% |
VOO | Vanguard S&P 500 ETF | 1,394.26 | 77,430.94 | 1.83% |
QQQ | PowerShares QQQ Trust | 1,053.76 | 53,571.44 | 2.01% |
IWM | iShares Russell 2000 ETF | 894.98 | 42,760.16 | 2.14% |
DIA | SPDR Dow Jones Industrial Average ETF Trust | 325.24 | 19,815.70 | 1.67% |
TLT | iShares 20+ Year Treasury Bond ETF | 322.50 | 8,551.51 | 3.92% |
IEFA | iShares Core MSCI EAFE ETF | 310.28 | 39,302.15 | 0.80% |
VEA | Vanguard FTSE Developed Markets ETF | 307.96 | 64,892.87 | 0.48% |
SHV | iShares Short Treasury Bond ETF | 286.85 | 6,532.12 | 4.59% |
Top 10 Redemptions (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
HYG | iShares iBoxx $ High Yield Corporate Bond ETF | -379.52 | 19,656.23 | -1.89% |
XLI | Industrial Select Sector SPDR Fund | -362.59 | 12,834.80 | -2.75% |
XLY | Consumer Discretionary Select Sector SPDR Fund | -273.39 | 11,379.20 | -2.35% |
IEI | iShares 3-7 Year Treasury Bond ETF | -246.19 | 7,529.94 | -3.17% |
IEUR | iShares Core MSCI Europe ETF | -194.26 | 3,007.50 | -6.07% |
XLK | Technology Select Sector SPDR Fund | -139.91 | 18,400.26 | -0.75% |
XLP | Consumer Staples Select Sector SPDR Fund | -136.99 | 7,747.38 | -1.74% |
VFH | Vanguard Financials ETF | -123.25 | 6,645.46 | -1.82% |
UVXY | ProShares Ultra VIX Short-Term Futures ETF | -116.26 | 402.24 | -22.42% |
SPLV | Powershares S&P 500 Low Volatility Portfolio | -105.15 | 7,134.95 | -1.45% |
ETF Weekly Flows By Asset Class
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 10,911.60 | 1,796,500.80 | 0.61% |
International Equity | 2,529.30 | 758,557.59 | 0.33% |
U.S. Fixed Income | 2,350.53 | 520,015.99 | 0.45% |
International Fixed Income | 125.74 | 55,582.09 | 0.23% |
Commodities ETFs | -2.19 | 65,594.04 | -0.00% |
Currency | 78.00 | 1,390.83 | 5.61% |
Leveraged | 164.23 | 30,257.55 | 0.54% |
Inverse | -45.22 | 17,303.20 | -0.26% |
Asset Allocation | 8.70 | 8,550.42 | 0.10% |
Alternatives | 92.95 | 4,245.98 | 2.19% |
Total: | 16,213.63 | 3,257,998.47 | 0.50% |
Top 10 Volume Surprises, Funds >$50 mm AUM
Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
EBND | SPDR Bloomberg Barclays Emerging Markets Local Bond ETF | 120,715 | 834,676 | 691.44% |
IHF | iShares U.S. Healthcare Providers ETF | 29,794 | 138,058 | 463.37% |
HYLB | Xtrackers USD High Yield Corporate Bond ETF | 62,899 | 314,165 | 499.48% |
EUSC | WisdomTree Europe Hedged SmallCap Equity Fund | 27,099 | 114,591 | 422.87% |
SPSM | SPDR Portfolio Small Cap ETF | 18,878 | 102,459 | 542.74% |
VWOB | Vanguard Emerging Markets Government Bond ETF | 100,262 | 330,279 | 329.41% |
SPYV | SPDR Portfolio S&P 500 Value ETF | 16,041 | 78,807 | 491.27% |
PXLV | PowerShares Russell Top 200 Pure Value Portfolio | 5,967 | 17,827 | 298.74% |
AIRR | First Trust RBA American Industrial Renaissance ETF | 61,672 | 181,200 | 293.81% |
BSCN | Guggenheim BulletShares 2023 Corporate Bond ETF | 92,008 | 277,920 | 302.06% |
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.