SPY Assets Approach $300B After Big Weekly Inflows
Investors added $16 billion into ETFs this week.
Investors added $15.9 billion to U.S.-listed ETFs this week as the stock market continued to “melt up.” According to FactSet, $9.8 billion went into U.S. equity ETFs during the week ending Thursday, Jan. 18, helping to propel the S&P 500 to a record 2,808. The index is already up 5% this year.
International equity ETFs also fared well, with inflows of $5.4 billion of their own. On the other hand, U.S. fixed-income ETFs had outflows of $1.7 billion as bond prices sagged and interest rates climbed on the prospect of a more aggressive Fed.
The U.S. 10-year Treasury yield reached nearly 2.65%, the highest level since 2014, as investors shunned bonds amid expectations that the economy and inflation will pick up.
Year-to-date inflows for all U.S.-listed ETFs now stand at $33.8 billion
SPY’s AUM Approaches $300B
Taking in the bulk of this week’s inflows was one fund: the SPDR S&P 500 ETF Trust (SPY). Its $7.8 billion of inflows pushed assets under management for the world’s largest ETF to $292.4 billion, not far from the $300 billion milestone.
Meanwhile, the iShares Core MSCI Emerging Markets ETF (IEMG) was the top international equity fund of the week, with inflows of $1 billion, while the Vanguard Total International Bond ETF (BNDX) was the most popular fixed-income product, with inflows of $571 million.
Notably, the ProShares Short VIX Short-Term Futures ETF (SVXY) saw $500 million come into the fund, pushing its AUM up by 60%. However, prices for the fund dropped nearly 5% this week as the VIX climbed to as high as 12.8 ahead of a potential government shutdown this weekend.
Investors Shun Bond ETFs
On the outflows side of the ledger, fixed-income products made several appearances. The iShares Russell 1000 Value ETF (IWD) took the No. 1 position, with outflows of $1.2 billion.
But below that were the SPDR Bloomberg Barclays High Yield Bond ETF (JNK), the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD), the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and the iShares 7-10 Year Treasury Bond ETF (IEF).
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 | 7,775.06 | 292,401.35 | 2.73% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 999.54 | 47,424.56 | 2.15% |
| IWM | iShares Russell 2000 ETF | 827.79 | 43,361.39 | 1.95% |
| IEFA | iShares Core MSCI EAFE ETF | 801.82 | 45,654.20 | 1.79% |
| EWJ | iShares MSCI Japan ETF | 736.91 | 21,883.05 | 3.48% |
| BNDX | Vanguard Total International Bond ETF | 571.17 | 9,994.77 | 6.06% |
| DIA | SPDR Dow Jones Industrial Average ETF Trust | 510.80 | 24,769.82 | 2.11% |
| EEM | iShares MSCI Emerging Markets ETF | 509.38 | 42,979.17 | 1.20% |
| GLD | SPDR Gold Trust | 506.99 | 36,097.83 | 1.42% |
| SVXY | ProShares Short VIX Short-Term Futures ETF | 495.67 | 1,317.50 | 60.31% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| IWD | iShares Russell 1000 Value ETF | -1,223.03 | 40,283.29 | -2.95% |
| JNK | SPDR Bloomberg Barclays High Yield Bond ETF | -1,124.46 | 12,255.18 | -8.40% |
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | -868.36 | 37,409.41 | -2.27% |
| HYG | iShares iBoxx $ High Yield Corporate Bond ETF | -849.23 | 16,927.07 | -4.78% |
| DXJ | WisdomTree Japan Hedged Equity Fund | -620.60 | 9,184.05 | -6.33% |
| IEF | iShares 7-10 Year Treasury Bond ETF | -460.12 | 7,887.00 | -5.51% |
| IWF | iShares Russell 1000 Growth ETF | -451.71 | 41,850.62 | -1.07% |
| IYR | iShares U.S. Real Estate ETF | -405.60 | 3,600.08 | -10.13% |
| QQQ | PowerShares QQQ Trust | -286.75 | 61,594.82 | -0.46% |
| VV | Vanguard Large-Cap ETF | -282.56 | 11,900.91 | -2.32% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 9,846.09 | 2,018,038.72 | 0.49% |
| International Equity | 5,441.49 | 855,846.28 | 0.64% |
| U.S. Fixed Income | -1,734.99 | 524,242.17 | -0.33% |
| International Fixed Income | 1,229.11 | 62,301.86 | 1.97% |
| Commodities | 459.75 | 68,980.70 | 0.67% |
| Currency | -40.34 | 1,222.04 | -3.30% |
| Leveraged | -361.75 | 36,590.05 | -0.99% |
| Inverse | 951.77 | 15,431.61 | 6.17% |
| Asset Allocation | 20.73 | 9,198.55 | 0.23% |
| Alternatives | 93.31 | 4,498.48 | 2.07% |
| Total: | 15,905.17 | 3,596,350.46 | 0.44% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
| CEW | WisdomTree Emerging Currency Strategy Fund | 24,408 | 169,877 | 696.00% |
| ULVM | USAA MSCI USA Value Momentum Blend Index ETF | 48,810 | 231,935 | 475.18% |
| BCI | ETFS Bloomberg All Commodity Strategy K-1 Free ETF | 82,731 | 386,139 | 466.74% |
| RJA | Elements Rogers International Commodity Index-Agriculture TR ETN | 103,822 | 489,173 | 471.16% |
| SKOR | FlexShares Credit-Scored US Corporate Bond Index Fund | 4,038 | 16,753 | 414.92% |
| MDYV | SPDR S&P 400 Mid Cap Value ETF | 80,658 | 351,534 | 435.83% |
| FHLC | Fidelity MSCI Health Care Index ETF | 265,035 | 1,193,775 | 450.42% |
| JPHF | JPMorgan Diversified Alternatives ETF | 30,901 | 121,032 | 391.68% |
| FIDU | Fidelity MSCI Industrials Index ETF | 214,219 | 958,527 | 447.45% |
| FDIS | Fidelity MSCI Consumer Discretionary Index ETF | 147,405 | 619,717 | 420.42% |
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.
