US ETF Inflows Near $100B For Year
The S&P 500 hit a two-month high, giving investors confidence to buy U.S. equity ETFs.
May continued to be a positive month for ETF inflows, as the space netted $6.1 billion during the week ending Thursday, May 10. U.S. equity ETFs saw $6.8 billion in inflows, including powerhouses like the iShares Core S&P 500 ETF (IVV) and the PowerShares QQQ Trust (QQQ). Year-to-date inflows now stand at $94.7 billion.
A solid rally in equity markets this week gave investors confidence to put new money to work. The S&P 500 climbed 2.3% week-over-week thanks to a 4.1% jump in the energy sector. U.S. oil prices topped $70 for the first time since 2014 this week after President Trump pulled the country out of the Iran nuclear deal.
A weaker-than-expected reading on U.S. consumer price inflation also aided the S&P 500, which now sits at the highest level in nearly two months. That inflation reading also pushed interest rates down from their highs of the week. The U.S. 10-year Treasury yield briefly hit 3.01% before falling to 2.97%. Still, it was up about 3 basis points from last week.
With yields biased upward, fixed-income investors favored short-duration bond ETFs, such as the iShares 1-3 Year Treasury Bond ETF (SHY) and the Schwab Short-Term US Treasury ETF (SCHO).
On the other hand, the iShares iBoxx USD High Yield Corporate Bond ETF (HYG), the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) and the iShares 20+ Treasury Bond ETF (TLT) were a trio of bond ETFs to fall out of favor during the week.
In aggregate, U.S. fixed-income ETFs had a net $1.1 billion of inflows.
For a full list of this week's top inflows and outflows, see the tables below:
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Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| IVV | iShares Core S&P 500 ETF | 5,238.54 | 149,966.52 | 3.62% |
| QQQ | PowerShares QQQ Trust | 1,753.03 | 63,864.57 | 2.82% |
| SHY | iShares 1-3 Year Treasury Bond ETF | 1,156.12 | 13,751.64 | 9.18% |
| VEA | Vanguard FTSE Developed Markets ETF | 472.92 | 72,808.37 | 0.65% |
| VOO | Vanguard S&P 500 ETF | 435.92 | 89,316.11 | 0.49% |
| XLK | Technology Select Sector SPDR Fund | 331.82 | 21,214.20 | 1.59% |
| SCHO | Schwab Short-Term US Treasury ETF | 329.94 | 2,695.45 | 13.95% |
| IJR | iShares Core S&P Small Cap ETF | 309.46 | 39,343.19 | 0.79% |
| SPYG | SPDR Portfolio S&P 500 Growth ETF | 265.96 | 2,492.45 | 11.95% |
| VB | Vanguard Small-Cap ETF | 227.63 | 22,723.54 | 1.01% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 ETF Trust | -2,341.48 | 256,916.78 | -0.90% |
| EEM | iShares MSCI Emerging Markets ETF | -711.12 | 39,864.23 | -1.75% |
| HYG | iShares iBoxx USD High Yield Corporate Bond ETF | -571.45 | 14,616.99 | -3.76% |
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | -549.59 | 31,628.97 | -1.71% |
| IYR | iShares U.S. Real Estate ETF | -391.26 | 2,969.67 | -11.64% |
| XLU | Utilities Select Sector SPDR Fund | -370.45 | 6,810.08 | -5.16% |
| VWO | Vanguard FTSE Emerging Markets ETF | -352.95 | 66,378.62 | -0.53% |
| TLT | iShares 20+ Year Treasury Bond ETF | -332.00 | 7,088.35 | -4.47% |
| MBB | iShares MBS ETF | -321.01 | 11,743.13 | -2.66% |
| EZU | iShares MSCI Eurozone ETF | -315.04 | 13,484.20 | -2.28% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 6,770.85 | 1,950,584.24 | 0.35% |
| International Equity | -1,540.16 | 845,371.18 | -0.18% |
| U.S. Fixed Income | 1,066.83 | 535,788.41 | 0.20% |
| International Fixed Income | -327.15 | 62,740.30 | -0.52% |
| Commodities | 81.85 | 70,871.57 | 0.12% |
| Currency | -21.69 | 1,373.66 | -1.58% |
| Leveraged | -439.01 | 36,353.33 | -1.21% |
| Inverse | 307.36 | 13,517.53 | 2.27% |
| Asset Allocation | -1.67 | 9,179.40 | -0.02% |
| Alternatives | 165.88 | 4,341.38 | 3.82% |
| Total: | 6,063.10 | 3,530,121.00 | 0.17% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
| RFCI | RiverFront Dynamic Core Income ETF | 31,926 | 165,123 | 517.20% |
| QDF | lexShares Quality Dividend Index Fund | 198,420 | 876,753 | 441.87% |
| IBDQ | iShares iBonds Dec 2025 Term Corporate ETF | 66,544 | 256,131 | 384.91% |
| RFAP | First Trust RiverFront Dynamic Asia Pacific | 6,477 | 23,718 | 366.20% |
| ACIM | SPDR MSCI ACWI IMI ETF | 7,277 | 21,840 | 300.12% |
| ESGU | iShares MSCI U.S.A. ESG Optimized ETF | 10,321 | 33,253 | 322.18% |
| LOWC | SPDR MSCI ACWI Low Carbon Target ETF | 3,774 | 10,885 | 288.45% |
| BSCN | PowerShares BulletShares 2023 Corporate Bond Portfolio | 100,648 | 289,219 | 287.36% |
| QLTA | iShares Aaa-A Rated Corporate Bond ETF | 8,950 | 21,341 | 238.45% |
| NFO | PowerShares Insider Sentiment Portfolio | 2,353 | 5,044 | 214.38% |
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.
