S&P 500 ETFs Power Strong Weekly Inflows

Investors added $16.2 billion to ETFs during the latest 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

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 choiceto 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)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust4,525.22253,906.761.81%
IVViShares Core S&P 500 ETF1,477.10132,205.641.13%
VOOVanguard S&P 500 ETF1,394.2677,430.941.83%
QQQPowerShares QQQ Trust1,053.7653,571.442.01%
IWMiShares Russell 2000 ETF894.9842,760.162.14%
DIASPDR Dow Jones Industrial Average ETF Trust325.2419,815.701.67%
TLTiShares 20+ Year Treasury Bond ETF322.508,551.513.92%
IEFAiShares Core MSCI EAFE ETF310.2839,302.150.80%
VEAVanguard FTSE Developed Markets ETF307.9664,892.870.48%
SHViShares Short Treasury Bond ETF286.856,532.124.59%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
HYGiShares iBoxx $ High Yield Corporate Bond ETF-379.5219,656.23-1.89%
XLIIndustrial Select Sector SPDR Fund-362.5912,834.80-2.75%
XLYConsumer Discretionary Select Sector SPDR Fund-273.3911,379.20-2.35%
IEIiShares 3-7 Year Treasury Bond ETF-246.197,529.94-3.17%
IEURiShares Core MSCI Europe ETF-194.263,007.50-6.07%
XLKTechnology Select Sector SPDR Fund-139.9118,400.26-0.75%
XLPConsumer Staples Select Sector SPDR Fund-136.997,747.38-1.74%
VFHVanguard Financials ETF-123.256,645.46-1.82%
UVXYProShares Ultra VIX Short-Term Futures ETF-116.26402.24-22.42%
SPLVPowershares S&P 500 Low Volatility Portfolio-105.157,134.95-1.45%

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity10,911.601,796,500.800.61%
International Equity2,529.30758,557.590.33%
U.S. Fixed Income2,350.53520,015.990.45%
International Fixed Income125.7455,582.090.23%
Commodities ETFs-2.1965,594.04-0.00%
Currency78.001,390.835.61%
Leveraged164.2330,257.550.54%
Inverse-45.2217,303.20-0.26%
Asset Allocation8.708,550.420.10%
Alternatives92.954,245.982.19%
Total:16,213.633,257,998.470.50%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
EBNDSPDR Bloomberg Barclays Emerging Markets Local Bond ETF120,715834,676691.44%
IHFiShares U.S. Healthcare Providers ETF29,794138,058463.37%
HYLBXtrackers USD High Yield Corporate Bond ETF62,899314,165499.48%
EUSCWisdomTree Europe Hedged SmallCap Equity Fund27,099114,591422.87%
SPSMSPDR Portfolio Small Cap ETF18,878102,459542.74%
VWOBVanguard Emerging Markets Government Bond ETF100,262330,279329.41%
SPYVSPDR Portfolio S&P 500 Value ETF16,04178,807491.27%
PXLVPowerShares Russell Top 200 Pure Value Portfolio5,96717,827298.74%
AIRRFirst Trust RBA American Industrial Renaissance ETF61,672181,200293.81%
BSCNGuggenheim BulletShares 2023 Corporate Bond ETF92,008277,920302.06%

 

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.

 

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.