Strongest Weekly ETF Inflows Since June

U.S.-listed ETFs took in nearly $12 billion during the week ending Thursday, Oct. 5.

sumit
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Senior ETF Analyst
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Reviewed by: Sumit Roy
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Edited by: Sumit Roy
Weekly inflows zoomed to their strongest level since June, as a string of record highs in the U.S. stock market lent confidence to investors. In total, $12 billion entered U.S.-listed ETFs during the week ending Thursday, Oct. 5, according to FactSet.

That was the best haul since a monster $30.4 billion entered ETFs during the second week of June, and pushes year-to-date inflows to a record $344.5 billion. Total ETF assets now stand above $3.2 trillion.

Longest Streak Since '97

Throughout the week, it wasn't just ETF flows that were hitting records. The S&P 500 rallied for eight-straight sessions through Thursday, its longest winning streak since 2013. At the same time, the index was on a six-session roll of hitting record highs, the longest such streak since 1997.

The S&P 500 topped 2,552 on Thursday, equaling a year-to-date gain of 15.8%. However, the streak of records was at risk of ending on Friday after a disappointing jobs report―nonfarm payrolls contracted for the first time since 2010 in September―prompted investors to take profits.

Meanwhile, bond yields jumped to their highest level in three months this week, as expectations grew that the Federal Reserve will hike interest rates in December. The 10-year Treasury bond yield was last trading at 2.37%, up from 2.33% a week ago.

Aside from the weak jobs report, which was weighed down by hurricane activity, recent economic data has been strong.

The ISM Manufacturing index, for example, hit 60.8 in September, its best level since 2004. Likewise, the ISM Non-Manufacturing Index hit 59.8, its highest level since 2005.

'IEFA' Tops Inflows List

Despite slumping bond prices, U.S. fixed-income ETFs continued to pull in billions of dollars of new money. That segment had inflows of $2.7 billion, led by inflows of $713 million for the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) and $573 million for the iShares iBoxx $ High Yield Corporate Bond ETF (HYG).

However, the largest amount of money went into U.S. and international equity ETFs. The former had inflows of $5.8 billion during the period, while the latter had inflows of $3.6 billion.

Big equity ETF winners included the iShares Core MSCI EAFE ETF (IEFA) and the Industrial Select Sector SPDR Fund (XLI), with inflows of more than $1 billion apiece.

One segment to see outflows during the week was commodity ETFs, with net redemptions of $268 million. The biggest loser in that space was the SPDR Gold Trust (GLD), with outflows of nearly $550 million.

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
IEFAiShares Core MSCI EAFE ETF1,190.2237,398.333.29%
XLIIndustrial Select Sector SPDR Fund1,063.3412,141.639.60%
VEAVanguard FTSE Developed Markets ETF910.6763,897.861.45%
LQDiShares iBoxx $ Investment Grade Corporate Bond ETF713.4138,285.391.90%
IVViShares Core S&P 500 ETF608.23128,041.010.48%
XLFFinancial Select Sector SPDR Fund597.1828,185.852.16%
HYGiShares iBoxx $ High Yield Corporate Bond ETF573.1719,871.982.97%
IJRiShares Core S&P Small Cap ETF481.4034,280.111.42%
IWFiShares Russell 1000 Growth ETF361.8837,447.310.98%
IWDiShares Russell 1000 Value ETF337.5537,640.210.90%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-715.79244,046.94-0.29%
TLTiShares 20+ Year Treasury Bond ETF-635.288,845.52-6.70%
QQQPowerShares QQQ Trust-623.8252,078.93-1.18%
GLDSPDR Gold Trust-546.2134,865.28-1.54%
XLPConsumer Staples Select Sector SPDR Fund-488.518,293.99-5.56%
IYRiShares U.S. Real Estate ETF-386.754,183.93-8.46%
DIASPDR Dow Jones Industrial Average ETF Trust-349.0118,578.34-1.84%
IWBiShares Russell 1000 ETF-301.4019,297.51-1.54%
SSOProShares Ultra S&P 500-268.711,929.81-12.22%
QLDProShares Ultra QQQ-256.501,341.28-16.05%

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity5,845.651,766,969.400.33%
International Equity3,555.08742,217.970.48%
U.S. Fixed Income2,650.18509,647.240.52%
International Fixed Income739.5255,133.351.34%
Commodities -268.1565,282.11-0.41%
Currency-67.561,316.84-5.13%
Leveraged-324.7730,021.30-1.08%
Inverse-305.5217,351.57-1.76%
Asset Allocation18.768,447.320.22%
Alternatives121.304,112.932.95%
Total:11,964.473,200,500.030.37%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
KCESPDR S&P Capital Markets ETF9,14133,562367.15%
IBDDiShares iBonds Mar 2023 Term Corporate ETF6,40320,381318.31%
FRAKVanEck Vectors Unconventional Oil & Gas ETF36,323125,456345.39%
PDNPowershares FTSE RAFI Developed Markets ex-US Small-Mid ETF26,03672,409278.12%
DMRMDeltaShares S&P 400 Managed Risk ETF1049480.89%
QUSSPDR MSCI USA StrategicFactors ETF3,43711,506334.79%
MLPCC-Tracks Miller/Howard MLP Fundamental ETN1,8716,400342.04%
EGPTVanEck Vectors Egypt Index ETF13,93939,763285.27%
FDIVFirst Trust Strategic Income ETF14,54865,313448.95%
HYMBSPDR Nuveen S&P High Yield Municipal Bond ETF100,601326,368324.42%

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.