S&P 500 Funds Dominate Week’s Inflows

‘SPY,’ ‘IVV’ and ‘VOO’ were in three of the top spots.

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Reviewed by: Heather Bell
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Edited by: Heather Bell

Over the last week, U.S. equities saw the most inflows of any asset class, pulling in some $17 billion, followed by U.S. fixed income, which saw a gain of $3.5 billion. The only category to see outflows during the week ended Thursday, April 27, was inverse ETFs, with outflows of $303.6 million. In all, U.S.-listed ETFs saw nearly $24 billion in inflows.

Although the iShares Russell 2000 ETF (IWM) was the top fund for inflows, with a gain of $4.1 billion, it was the S&P 500 complex of ETFs that had the most notable week.

The SPDR S&P 500 ETF Trust (SPY), iShares Core S&P 500 ETF (IVV) and the Vanguard S&P 500 Index Fund (VOO) laid claim to the second, third and fourth spots among the top 10, respectively, with inflows ranging from just short of $1 billion to $4 billion each. All together, the three funds pulled in roughly $8.6 billion.

A fourth large-cap fund claimed the No. 5 spot: The PowerShares QQQ Trust (QQQ), which tracks the Nasdaq-100 Index, saw inflows of $603.8 million. It was definitely a week for large-cap funds, and the Financial Select Sector SPDR Fund (XLF), yet another ETF with a focus on big companies, claimed the 10th spot, with inflows of $478.2 million.

The remainder of those top 10 funds included two covering the eurozone and emerging markets, and two covering the U.S. fixed-income market. Each one pulled in between $480 million and $555 million.

Gold Miners See Significant Outflows
The VanEck Vectors Gold Miners ETF (GDX) saw more than twice the outflows of the fund that was in second place, losing roughly $702 million, or 6.31% of its assets under management, along with a sharp drop in share price. It wasn’t alone though, with its counterpart the VanEck Vectors Junior Gold Miners ETF (GDXJ) laying claim to the No. 3 spot, with outflows of $285.9 million, or 6.34% of its AUM.

The SPDR S&P Midcap 400 ETF Trust (MDY) was in second place, with a loss of $305.6 million.

Other notable funds that saw large outflows were the Direxion Daily Small Cap Bull 3x Shares (TNA) and the ProShares Short VIX Short-Term Futures ETF (SVXY), which lost $242.7 million and $225.9 million, respectively, or nearly 30% of their AUM. They were the smallest funds in the leading outflows group.

Other funds that lost far less and had far more in assets included two Select Sector SPDRs, the Vanguard REIT Index Fund (VNQ) and the SPDR Dow Jones Industrial Average ETF Trust (DIA)

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
IWMiShares Russell 2000 ETF4,111.9941,029.5511.14%
SPYSPDR S&P 500 ETF Trust4,005.19237,796.611.71%
IVViShares Core S&P 500 ETF3,630.90109,376.793.43%
VOOVanguard S&P 500 Index Fund999.5265,932.931.54%
QQQPowerShares QQQ Trust603.8248,423.941.26%
IEMGiShares Core MSCI Emerging Markets ETF554.5328,640.271.97%
EZUiShares MSCI Eurozone ETF493.2010,306.875.03%
TLTiShares 20+ Year Treasury Bond ETF490.886,644.297.98%
HYGiShares iBoxx $ High Yield Corporate Bond ETF482.2719,367.752.55%
XLFFinancial Select Sector SPDR Fund478.1623,394.332.09%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
GDXVanEck Vectors Gold Miners ETF-701.9410,419.05-6.31%
MDYSPDR S&P Midcap 400 ETF Trust-305.5919,488.44-1.54%
GDXJVanEck Vectors Junior Gold Miners ETF-285.904,223.05-6.34%
TNADirexion Daily Small Cap Bull 3x Shares-242.73607.23-28.56%
SVXYProShares Short VIX Short-Term Futures ETF-225.90527.38-29.99%
XLKTechnology Select Sector SPDR Fund-205.8117,112.57-1.19%
VNQVanguard REIT Index Fund-160.0234,339.81-0.46%
HEWJiShares Currency Hedged MSCI Japan ETF-145.341,107.40-11.60%
XLPConsumer Staples Select Sector SPDR Fund-136.238,982.81-1.49%
DIASPDR Dow Jones Industrial Average ETF Trust-134.3916,252.74-0.82%

 

ETF Weekly Flows By Asset Class 

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity17,028.291,639,188.791.03%
International Equity2,649.67613,253.620.10%
U.S. Fixed Income3,487.23455,428.930.75%
International Fixed Income420.2145,819.390.91%
Commodities219.9464,6729.890.34%
Currency28.032,851.860.34%
Leveraged231.3426,832.200.81%
Inverse-303.6117,257.78-0.13%
Asset Allocation45.866,896.830.17%
Alternatives161.193,778.162.33%
Total:23,974.242,875,699.160.83%

 

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
PSCUPowerShares S&P SmallCap Utilities Portfolio15,82577,882492.16%
HAPVanEck Vectors Natural Resources ETF16,49864,465390.75%
GEMGoldman Sachs ActiveBeta Emerging Markets Equity ETF138,915465,101334.81%
IUSGiShares Core S&P U.S. Growth ETF552,3221,586,968287.33%
FANFirst Trust Global Wind Energy ETF36,322104,793288.51%
SGDJSprott Junior Gold Miners ETF69,163419,756606.91%
VQTBarclays ETN+ S&P VEQTOR ETN1,1272,286202.90%
FFRFirst Trust FTSE EPRA/NAREIT Developed Markets Real Estate6,65412,257184.20%
RINGiShares MSCI Global Gold Miners ETF254,5291,077,214423.22%
USCIUnited States Commodity Index Fund83,930148,082176.43%

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
VMAXREX VolMAXX Long VIX Weekly Futures Strategy ETF15.95%64,7271.74
VIXYProShares VIX Short-Term Futures ETF13.39%9,629,454131.62
VXXiPath S&P 500 VIX Short-Term Futures ETN13.27%212,320,8111,035.80
GRNiPath Global Carbon ETN7.21%5,0540.77
AGFDB Agriculture Long ETN7.11%3,6271.46
GDXJVanEck Vectors Junior Gold Miners ETF7.01%93,150,5584,223.05
RINGiShares MSCI Global Gold Miners ETF6.60%4,308,857177.94
SGDJSprott Junior Gold Miners ETF6.45%1,679,02386.93
SGDMSprott Gold Miners ETF6.14%511,299180.37
GOEXGlobal X Gold Explorers ETF6.04%126,01241.22

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
XIVHVelocityShares VIX Short Volatility Hedged ETN-8.63%12,26851.19
JPEHJPMorgan Diversified Return Europe Currency Hedged-7.88%1,06428.38
EUFNiShares MSCI Europe Financials ETF-6.14%12,380,249985.15
EWIiShares MSCI Italy Capped ETF-6.00%4,489,577585.53
GREKGlobal X MSCI Greece ETF-5.98%1,862,195292.67
EWDiShares MSCI Sweden Capped ETF-5.78%2,193,148340.76
EPOLiShares MSCI Poland Capped ETF-5.78%1,225,967286.83
SMEZSPDR EURO STOXX Small Cap ETF-5.64%3,35813.66
EWQiShares MSCI France ETF-5.61%8,921,795380.90
PLNDVanEck Vectors Poland ETF-5.61%38,55117.28

 

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.

 

Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a graduate of Dartmouth college and resides in the Denver area with her two dogs.