SPY Assets Approach $300B After Big Weekly Inflows

Investors added $16 billion into ETFs this 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

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)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust7,775.06292,401.352.73%
IEMGiShares Core MSCI Emerging Markets ETF999.5447,424.562.15%
IWMiShares Russell 2000 ETF827.7943,361.391.95%
IEFAiShares Core MSCI EAFE ETF801.8245,654.201.79%
EWJiShares MSCI Japan ETF736.9121,883.053.48%
BNDXVanguard Total International Bond ETF571.179,994.776.06%
DIASPDR Dow Jones Industrial Average ETF Trust510.8024,769.822.11%
EEMiShares MSCI Emerging Markets ETF509.3842,979.171.20%
GLDSPDR Gold Trust506.9936,097.831.42%
SVXYProShares Short VIX Short-Term Futures ETF495.671,317.5060.31%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
IWDiShares Russell 1000 Value ETF-1,223.0340,283.29-2.95%
JNKSPDR Bloomberg Barclays High Yield Bond ETF-1,124.4612,255.18-8.40%
LQDiShares iBoxx $ Investment Grade Corporate Bond ETF-868.3637,409.41-2.27%
HYGiShares iBoxx $ High Yield Corporate Bond ETF-849.2316,927.07-4.78%
DXJWisdomTree Japan Hedged Equity Fund-620.609,184.05-6.33%
IEFiShares 7-10 Year Treasury Bond ETF-460.127,887.00-5.51%
IWFiShares Russell 1000 Growth ETF-451.7141,850.62-1.07%
IYRiShares U.S. Real Estate ETF-405.603,600.08-10.13%
QQQPowerShares QQQ Trust-286.7561,594.82-0.46%
VVVanguard Large-Cap ETF-282.5611,900.91-2.32%

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity9,846.092,018,038.720.49%
International Equity5,441.49855,846.280.64%
U.S. Fixed Income-1,734.99524,242.17-0.33%
International Fixed Income1,229.1162,301.861.97%
Commodities 459.7568,980.700.67%
Currency-40.341,222.04-3.30%
Leveraged-361.7536,590.05-0.99%
Inverse951.7715,431.616.17%
Asset Allocation20.739,198.550.23%
Alternatives93.314,498.482.07%
Total:15,905.173,596,350.460.44%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
CEWWisdomTree Emerging Currency Strategy Fund24,408169,877696.00%
ULVMUSAA MSCI USA Value Momentum Blend Index ETF48,810231,935475.18%
BCIETFS Bloomberg All Commodity Strategy K-1 Free ETF82,731386,139466.74%
RJAElements Rogers International Commodity Index-Agriculture TR ETN103,822489,173471.16%
SKORFlexShares Credit-Scored US Corporate Bond Index Fund4,03816,753414.92%
MDYVSPDR S&P 400 Mid Cap Value ETF80,658351,534435.83%
FHLCFidelity MSCI Health Care Index ETF265,0351,193,775450.42%
JPHFJPMorgan Diversified Alternatives ETF30,901121,032391.68%
FIDUFidelity MSCI Industrials Index ETF214,219958,527447.45%
FDISFidelity MSCI Consumer Discretionary Index ETF147,405619,717420.42%

 

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.

 

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.