'SPY' AUM Tops $300B, Fueling Big Weekly ETF Inflows

The world's largest ETF was investors' No. 1 choice for U.S. equity exposure 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

The speed at which the U.S. stock market is rising has some investors feeling dizzy. With three trading sessions left in the first month of the year, the S&P 500 is already up more than 7%. 

​To see why that is, look no further than what is going on in the world of ETFs. This week, investors bought up $16.6 billion worth of U.S.-listed ETFs, bringing the haul for 2018 as a whole to $50.6 billion. 

​Of this week's inflows, $8 billion went into U.S. equity ETFs, according to FactSet. The data, which covers the week ending Thursday, Jan. 25, also showed that $5.4 billion raced into international equity ETFs. International stocks are on a streak of 10-straight weeks of gains, the longest run of that kind since 1999.

SPY Eclipses $300B 
​The ETF to benefit the most from investors "partying like it's 1999" is the SPDR S&P 500 ETF Trust (SPY). The world's largest ETF took in $6.2 billion this week, bringing its total assets under management to a whopping $302.3 billion, a new record.

​Other low-cost, broad market ETFs like the Vanguard S&P 500 ETF (VOO) and the Vanguard FTSE Emerging Markets ETF (VWO) also took in sizable amounts of money this week, but nowhere near SPY's take.

​One sector ETF, the Utilities Select Sector SPDR Fund (XLU), pulled in a cool $566 million this week even as utility stocks struggled due to rising interest rates. 

Bond ETFs Sold
​On the outflows side, bond ETFs fared the worst, as bond prices fell and yields ticked up. The iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD), the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and the iShares Core U.S. Aggregate Bond ETF (AGG) all made an appearance on the outflows list.

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 Trust6,210.59302,321.082.10%
QQQPowerShares QQQ Trust847.4063,807.901.35%
VOOVanguard S&P 500 ETF799.5190,719.340.89%
VWOVanguard FTSE Emerging Markets ETF684.5073,613.580.94%
XLUUtilities Select Sector SPDR Fund565.947,653.107.99%
IWMiShares Russell 2000 ETF531.3344,548.331.21%
IEFAiShares Core MSCI EAFE ETF418.5946,759.930.90%
DIASPDR Dow Jones Industrial Average ETF Trust403.9825,300.931.62%
EEMiShares MSCI Emerging Markets ETF386.3944,409.510.88%
EWJiShares MSCI Japan ETF380.7522,593.251.71%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
LQDiShares iBoxx $ Investment Grade Corporate Bond ETF-612.2536,628.79-1.64%
HYGiShares iBoxx $ High Yield Corporate Bond ETF-542.2916,382.03-3.20%
XLYConsumer Discretionary Select Sector SPDR Fund-522.7813,643.58-3.69%
XLFFinancial Select Sector SPDR Fund-448.9034,500.58-1.28%
XLVHealth Care Select Sector SPDR Fund-406.3517,292.62-2.30%
IWFiShares Russell 1000 Growth ETF-352.6642,221.93-0.83%
XLIIndustrial Select Sector SPDR Fund-326.4115,404.73-2.07%
AGGiShares Core U.S. Aggregate Bond ETF-259.5853,155.97-0.49%
VNQVanguard REIT ETF-253.8733,095.28-0.76%
IWDiShares Russell 1000 Value ETF-240.2340,444.84-0.59%

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity7,982.602,052,337.840.39%
International Equity5,389.95876,459.500.61%
U.S. Fixed Income559.30523,886.870.11%
International Fixed Income951.7563,194.931.51%
Commodities 865.8670,708.651.22%
Currency72.031,311.785.49%
Leveraged153.8438,183.040.40%
Inverse564.6215,782.923.58%
Asset Allocation13.679,271.720.15%
Alternatives39.154,580.780.85%
Total:16,592.763,655,718.020.45%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
MFEMPIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF15,19844,921295.58%
ZMLPDirexion Zacks MLP High Income Index Shares52,050152,143292.30%
PPHVanEck Vectors Pharmaceutical ETF71,790160,594223.70%
SPIBSPDR Portfolio Intermediate Term Corporate Bond ETF1,033,3042,372,735229.63%
XRLVPowerShares S&P 500 ex-Rate Sensitive Low Volatility Portfolio38,78183,844216.20%
UITBUSAA Core Intermediate-Term Bond ETF15,87728,926182.19%
IXNiShares Global Tech ETF62,125137,774221.77%
IVLUiShares Edge MSCI Intl Value Factor ETF26,22166,324252.94%
DBAWXtrackers MSCI All World ex U.S. Hedged Equity ETF18,36830,716167.22%
KBAKraneShares Bosera MSCI China A Share ETF57,653125,994218.54%

 

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.