Weekly ETF Asset Haul Pace Moderates

Still, demand for international equity and U.S. fixed-income ETFs goes on unabated.

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Reviewed by: Cinthia Murphy
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Edited by: Cinthia Murphy

The pace of net inflows into U.S.-listed ETFs slowed in the past week, with only about $3.5 billion in net new money flowing into funds—half the previous week’s haul.

Still, the weekly total puts September’s ETF net creations above $30 billion, helping bring year-to-date ETF asset inflows closer to $332 billion—a record.

Demand this past week was heavily concentrated in two asset classes: international equity and U.S. fixed income. These have been strong themes among U.S. ETF investors all year; namely, that non-U.S. markets are poised to outperform in equities, and that the need for income is real.

Some of the most popular funds this week included the Vanguard FTSE Developed Markets ETF (VEA), the iShares Core MSCI EAFE ETF (IEFA) and the SPDR Bloomberg Barclays High Yield Bond ETF (JNK).

US Equities Take A Hit

U.S. equity funds were actually net losers in the week, bleeding more than $2.5 billion in net redemptions. Still, some funds stood out, such as the iShares Nasdaq Biotechnology ETF (IBB), which took in $578 million.

The inflows came despite the fact that health care—and biotech specifically—performed poorly this week. IBB was down some 0.7% in five days.

Another noteworthy find among the week’s top creations is the SPDR Gold Trust (GLD), which has now attracted nearly $2 billion in net inflows year-to-date, and has seen a pretty consistent pace of net creations since mid-August.

GLD is up more than 11% this year, delivering returns that aren’t all that different from the 13% in gains the SPDR S&P 500 ETF Trust (SPY) has seen so far in 2017.

The U.S. ETF industry today commands about $3.1 trillion in total assets, roughly 82% of which is managed by three issuers—iShares, Vanguard and State Street Global Advisors. In the past week, all top 10 creations were in ETFs from one these three providers. 

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
IVViShares Core S&P 500 ETF793.47124,882.000.64%
IBBiShares NASDAQ Biotechnology ETF578.7710,201.076.01%
XLFFinancial Select Sector SPDR Fund526.5926,520.912.03%
MDYSPDR S&P Midcap 400 ETF Trust522.9518,391.782.93%
VEAVanguard FTSE Developed Markets ETF516.8162,318.810.84%
GLDSPDR Gold Trust516.4136,130.191.45%
IEFAiShares Core MSCI EAFE ETF459.1435,732.991.30%
JNKSPDR Bloomberg Barclays High Yield Bond ETF334.6112,724.472.70%
DIASPDR Dow Jones Industrial Average ETF Trust334.4218,623.821.83%
IJRiShares Core S&P Small Cap ETF325.3532,335.971.02%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-5,177.86241,916.11-2.10%
XLVHealth Care Select Sector SPDR Fund-683.2217,781.77-3.70%
QQQPowerShares QQQ Trust-643.2551,456.31-1.23%
XOPSPDR S&P Oil & Gas Exploration & Production ETF-613.072,296.63-21.07%
XLPConsumer Staples Select Sector SPDR Fund-394.848,807.46-4.29%
XLYConsumer Discretionary Select Sector SPDR Fund-366.5411,433.84-3.11%
EWJiShares MSCI Japan ETF-358.5515,933.69-2.20%
TLTiShares 20+ Year Treasury Bond ETF-306.729,535.80-3.12%
XIVVelocityShares Daily Inverse VIX Short-Term ETN-232.601,015.82-18.63%
UPROProShares UltraPro S&P500-221.00902.64-19.67%

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-2,520.201,728,461.20-0.15%
International Equity2,783.97727,491.750.38%
U.S. Fixed Income2,502.41507,689.570.49%
International Fixed Income137.3354,544.020.25%
Commodities 685.3166,751.921.03%
Currency-26.151,393.57-1.88%
Leveraged482.5329,554.111.63%
Inverse-335.5417,777.16-1.89%
Asset Allocation28.457,577.020.38%
Alternatives-182.164,032.66-4.52%
Total:3,555.953,145,272.980.11%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
XIVHVelocityShares VIX Short Volatility Hedged ETN6,88826,464384.19%
MBGSPDR Bloomberg Barclays Mortgage Backed Bond ETF40,701152,161373.85%
BBRCColumbia Beyond BRICs ETF19,87859,360298.62%
RTMGuggenheim S&P 500 Equal Weight Materials ETF12,87937,662292.43%
NFRAFlexShares STOXX Global Broad Infrastructure Index Fund40,235130,048323.22%
CCORCambria Core Equity ETF14,91539,809266.90%
CLTLPowerShares Treasury Collateral Portfolio62132213.21%
FYTFirst Trust Small Cap Value AlphaDEX Fund11,77229,268248.62%
EDENiShares MSCI Denmark Capped ETF10,73827,062252.02%
FVCFirst Trust Dorsey Wright Dynamic Focus 5 ETF41,13488,028214.00%

 

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.

 

Cinthia Murphy is head of digital experience, advocating for the user in all that etf.com does. She previously served as managing editor and writer for etf.com, specializing in ETF content and multimedia. Cinthia’s experience includes time at Dow Jones and former BridgeNews, covering commodity futures markets in Chicago and Brazil equities in Sao Paulo. She has a bachelor’s degree in journalism from the University of Missouri-Columbia.