'GLD' YTD Inflows Top $10 Billion, 'HYG' Loses Big

June 17, 2016

On the whole, investors continued to pour money into U.S.-listed exchange-traded funds this week. About $5 billion entered ETFs as a whole, with most of the money going into U.S. equity products, according to FactSet data. On the other hand, fixed-income ETFs saw a sizable outflow—$960 millionbut that was all due to one product in particular.

GLD YTD Inflows Top $10 Billion

At the same time, commodities continued to garner solid inflows, to the tune of $771 million, thanks to the popularity of the SPDR Gold Trust (GLD | A-100), the inflows leader of the year. GLD had inflows of $620 million this week, bringing its year-to-date haul to $10.2 billion.

GLD's weekly flows were enough to put it at No. 4 on this week's inflows list. At the top of that list was the SPDR S&P 500 ETF Trust (SPY | A-97), with inflows of $1.4 billion.

Another notable winner was the First Trust Morningstar Dividend Leaders Index Fund (FDL | A-69), with inflows of nearly $600 million, and the VanEck Vectors Gold Miners ETF (GDX | C-75), with inflows of $483 million.

HYG Assets Fall By More Than 10%

Meanwhile, as previously mentioned, one fixed-income product was far ahead of the rest of that asset class when it came to outflows. The iShares iBoxx $ High Yield Corporate Bond ETF (HYG | B-68) saw a whopping $1.8 billion flow out of the product, a nearly 12% reduction in its assets under management.

At the No. 2 position was the Financial Select Sector SPDR Fund (XLF | A-94), with a $516 million outflow, and at No. 3 was the WisdomTree Japan Hedged Equity Fund (DXj | B-63), with $350 million in outflows.

On a percentage basis, the biggest loser on the list was the ProShares Ultra VIX Short-Term Futures ETF (UVXY) , with a $240 million outflow, representing almost 22% of its AUM.

 

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 ETF Trust 1,433.91 182,685.64 0.79%
VO Vanguard Mid-Cap Index Fund 994.42 14,714.93 7.25%
VTV Vanguard Value Index Fund 623.97 21,919.33 2.93%
GLD SPDR Gold Trust 620.45 38,028.17 1.66%
FDL First Trust Morningstar Dividend Leaders Index Fund 596.59 2,130.56 38.89%
GDX VanEck Vectors Gold Miners ETF 482.80 8,784.50 5.82%
VEA Vanguard FTSE Developed Markets ETF 463.25 32,118.05 1.46%
VUG Vanguard Growth Index Fund 461.29 20,977.76 2.25%
VB Vanguard Small-Cap Index Fund 313.43 12,966.23 2.48%
VWO Vanguard FTSE Emerging Markets ETF 308.79 35,393.42 0.88%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
HYG iShares iBoxx $ High Yield Corporate Bond ETF -1,757.69 13,432.85 -11.57%
XLF Financial Select Sector SPDR Fund -515.71 15,794.84 -3.16%
DXJ WisdomTree Japan Hedged Equity Fund -349.69 6,918.85 -4.81%
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF -252.63 28,940.94 -0.87%
XLU Utilities Select Sector SPDR Fund -240.19 8,063.70 -2.89%
UVXY ProShares Ultra VIX Short-Term Futures ETF -239.81 866.61 -21.67%
IWM iShares Russell 2000 ETF -239.52 25,719.68 -0.92%
XLV Health Care Select Sector SPDR Fund -230.10 12,744.00 -1.77%
VTI Vanguard Total Stock Market Index Fund -199.70 60,070.16 -0.33%
FXI iShares China Large-Cap ETF -198.44 3,260.43 -5.74%

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 4,592.74 1,237,233.36 0.37%
International Equity 151.01 470,352.29 0.03%
U.S. Fixed Income -959.77 378,281.18 -0.25%
International Fixed Income 207.10 35,367.79 0.59%
Commodities 770.97 68,339.27 1.13%
Currency -4.81 1,273.54 -0.38%
Leveraged 37.93 23,833.09 0.16%
Inverse 291.01 21,007.18 1.39%
Asset Allocation 112.63 5,880.83 1.92%
Alternatives -194.04 4,403.46 -4.41%
Total: 5,004.77 2,245,972.00 0.22%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
ZROZ PIMCO 25+ Year Zero Coupon US Treasury Index ETF 69,087 302,271 437.52%
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 35,535 178,748 503.02%
DFE WisdomTree Europe SmallCap Dividend Fund 212,239 757,631 356.97%
ONEO SPDR Russell 1000 Momentum Focus 113 378 335.30%
EIS iShares MSCI Israel Capped ETF 42,533 105,935 249.06%
IUSG iShares Core U.S. Growth ETF 83,832 213,372 254.52%
GNR SPDR S&P Global Natural Resources ETF 152,833 405,059 265.03%
DBJP Deutsche X-trackers MSCI Japan Hedged Equity ETF 830,287 2,041,312 245.86%
VQT Barclays ETN+ S&P VEQTOR ETN 2,520 6,529 259.09%
IUSV iShares Core U.S. Value ETF 26,646 63,308 237.59%

 

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.

 

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