SPY, VOO Led Outflows, IVV Topped Inflows Last Week
Outflows led inflows last week as billions fled VOO and SPY.
Two of the world's largest index-tracking funds led outflows last week, a period in which stocks gained and investors still pulled more money from ETFs then went in.
The SPDR S&P 500 Trust (SPY), the world's largest exchange-traded fund, had outflows of $7.48 billion. The Vanguard 500 Index fund (VOO), Vanguard Group’s largest ETF and the world’s third-largest, lost $7.47 billion.
BlackRock Inc.’s largest exchange-traded fund, the $471 billion iShares Core S&P 500 ETF (IVV) led inflows last week, thanks to a massive, $12.2 billion slug of cash that hit the fund June 13.
Among the 10 biggest inflows and outflows, more money was pulled from ETFs than came in, according to etf.com data. About $22.4 billion came out while $20.4 billion came in.
IVV, the world’s second-largest ETF, pulled in a net $11.1 billion last week, which reflects outflows early in the week, according to etf.com data published below. The No. 2 recipient of investor cash was the Invesco QQQ Trust (QQQ), which hauled in $2.31 billion.
Those funds are both weighted, meaning stocks are selected based upon the firms’ market capitalizations.
On a percentage basis, the biggest inflows among the top 10 went to the iShares Russell Top 200 Growth ETF (IWY), which pulled in $1.05 billion, or 8.8%. The biggest outflow hit was to the Invesco S&P Midcap Momentum ETF (XMMO) which shed $684.1 million or 32%. The iShares Global Energy ETF (IXC), lost $744.6 million, or 32%.
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($, mm) | AUM ($, mm) | AUM % Change< |
| IVV | iShares Core S&P 500 ETF | 11,099.48 | 473,440.03 | 2.34 |
| QQQ | Invesco QQQ Trust | 2,307.30 | 285,476.62 | 0.81 |
| IEFA | iShares Core MSCI EAFE ETF | 1,859.22 | 117,252.56 | 1.59 |
| EFG | iShares MSCI EAFE Growth ETF | 1,083.86 | 14,649.67 | 7.40 |
| LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | 1,056.30 | 29,433.69 | 3.59 |
| IWY | iShares Russell Top 200 Growth ETF | 1,050.30 | 11,911.14 | 8.82 |
| EFA | iShares MSCI EAFE ETF | 852.11 | 53,541.83 | 1.59 |
| IVW | iShares S&P 500 Growth ETF | 776.70 | 52,326.02 | 1.48 |
| TLT | iShares 20+ Year Treasury Bond ETF | 691.24 | 51,189.00 | 1.35 |
| IXUS | iShares Core MSCI Total International Stock ETF | 512.34 | 36,713.23 | 1.40 |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($, mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 ETF Trust | -7,475.54 | 534,897.39 | -1.40 |
| VOO | Vanguard 500 Index Fund | -7,465.76 | 473,228.51 | -1.58 |
| EFV | iShares MSCI EAFE Value ETF | -1,498.10 | 14,899.52 | -10.05 |
| DIA | SPDR Dow Jones Industrial Average ETF Trust | -1,085.95 | 31,152.44 | -3.49 |
| RSP | Invesco S&P 500 Equal Weight ETF | -1,003.37 | 54,082.21 | -1.86 |
| SPYD | SPDR Portfolio S&P 500 High Dividend ETF | -897.97 | 5,921.37 | -15.16 |
| SOXL | Direxion Daily Semiconductor Bull 3X Shares | -795.59 | 11,808.20 | -6.74 |
| GLD | SPDR Gold Trust | -747.89 | 61,306.94 | -1.22 |
| IXC | iShares Global Energy ETF | -744.62 | 2,348.91 | -31.70 |
| XMMO | Invesco S&P Midcap Momentum ETF | -684.09 | 2,150.50 | -31.81 |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| Alternatives | 62.92 | 7,789.07 | 0.81% |
| Asset Allocation | 67.03 | 18,353.83 | 0.37% |
| Commodities | -895.51 | 140,564.35 | -0.64% |
| Currency | -280.04 | 62,886.51 | -0.45% |
| International Equity | 5,046.16 | 1,500,006.50 | 0.34% |
| International Fixed Income | 1,164.69 | 204,303.13 | 0.57% |
| Inverse | 254.70 | 13,478.31 | 1.89% |
| Leveraged | -1,393.38 | 104,812.09 | -1.33% |
| U.S. Equity | 1,250.28 | 5,678,574.12 | 0.02% |
| U.S. Fixed Income | 5,163.65 | 1,416,918.24 | 0.36% |
| Total: | 10,440.49 | 9,147,686.15 | 0.11% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| Alternatives | 944.30 | 7,728.55 | 12.22% |
| Asset Allocation | 425.12 | 17,901.46 | 2.37% |
| Commodities | -4,714.06 | 144,213.63 | -3.27% |
| Currency | 14,099.10 | 63,250.96 | 22.29% |
| International Equity | 43,446.13 | 1,498,849.20 | 2.90% |
| International Fixed Income | 24,355.81 | 199,200.77 | 12.23% |
| Inverse | 115.84 | 13,655.75 | 0.85% |
| Leveraged | -3,252.56 | 97,263.17 | -3.34% |
| U.S. Equity | 180,221.12 | 5,530,472.85 | 3.26% |
| U.S. Fixed Income | 69,021.70 | 1,386,042.34 | 4.98% |
| Total: | 324,662.50 | 8,958,578.69 | 3.62% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
| IGEB | iShares Investment Grade Systematic Bond ETF | 559,489 | 11,415,063.00 | 2,040.27%% |
| JUNW | AllianzIM U.S. Large Cap Buffer20 Jun ETF | 299,133 | 6,058,709.00 | 2,025.42%% |
| FEBW | AllianzIM U.S. Large Cap Buffer20 Feb ETF | 156,727 | 3,138,343.00 | 2,002.42%% |
| JANW | AllianzIM U.S. Large Cap Buffer20 Jan ETF | 276,946 | 5,017,070.00 | 1,811.57%% |
| EFG | iShares MSCI EAFE Growth ETF | 1,180,187 | 21,337,554.00 | 1,807.98%% |
| PMAR | Innovator U.S. Equity Power Buffer ETF - March | 121,201 | 1,989,192.00 | 1,641.23%% |
| IXC | iShares Global Energy ETF | 1,218,284 | 19,539,843.00 | 1,603.88%% |
| JANT | AllianzIM U.S. Large Cap Buffer10 Jan ETF | 103,181 | 1,585,025.00 | 1,536.16%% |
| HEFA | iShares Currency Hedged MSCI EAFE ETF | 1,741,438 | 23,744,778.00 | 1,363.52%% |
| DYNF | BlackRock U.S. Equity Factor Rotation ETF | 1,395,294 | 17,668,005.00 | 1,266.26%% |
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.
