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 million—but 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.
