'GLD' Re-enters Top Weekly Inflows List

August 05, 2016

After the breakneck pace of July, flows into U.S.-listed exchange-traded funds cooled down a bit this week. Even so, they remained in positive territory, with $2.9 billion coming into ETFs as a whole.

U.S. equity ETFs were in favor, with inflows of $780 million, but commodities did a bit better, with inflows of $930 million of their own. International fixed-income ETFs also saw interest with inflows of $560 million, while international equity ETFs garnered $375 million and U.S. fixed-income ETFs netted $220 million.

EM & Gold In Favor

In terms of individual ETFs, the PowerShares QQQ Trust (QQQ) was the inflows leader of the week, with creations of $900 million. Other broad-based ETFs that garnered favor were the Vanguard S&P 500 Index Fund (VOO) and the iShares Core S&P 500 ETF (IVV).

Emerging market ETFs continued to gather assets this week after a strong July. The iShares Core MSCI Emerging Markets ETF (IEMG) and the iShares MSCI Emerging Markets ETF (EEM) had inflows of more than $600 million and $300 million, respectively.

Meanwhile, after being absent for a few weeks, the SPDR Gold Trust (GLD) reappeared on the top inflows list, with net flows of $840 million.

SPY & HYG Top Outflows List

On the other end of the spectrum, the SPDR S&P 500 ETF (SPY) topped the outflows list with redemptions of $1.7 billion. A week ago, the world's largest ETF neared the $200 billion mark for total assets.

The iShares iBoxx $ High Yield Corporate Bond ETF (HYG) also saw substantial outflows, totaling $1.2 billion. Its rival the SPDR Barclays High Yield Bond ETF (JNK) was another big loser, with outflows of just under $400 million.

On a percentage-of-assets-basis, the Direxion Daily Gold Miners Index 3x Bull Shares (NUGT) and the SPDR S&P Biotech ETF (XBI) had the largest outflows. NUGT lost $340, or 17% of its assets, while XBI shed $275 million, or 11% of its assets.

 

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
QQQ PowerShares QQQ Trust 904.24 39,186.09 2.36%
GLD SPDR Gold Trust 836.01 42,518.28 2.01%
VOO Vanguard S&P 500 Index Fund 676.66 49,810.50 1.38%
IEMG iShares Core MSCI Emerging Markets ETF 627.24 14,818.04 4.42%
SHY iShares 1-3 Year Treasury Bond ETF 400.10 10,453.74 3.98%
IVV iShares Core S&P 500 ETF 359.98 77,561.93 0.47%
EEM iShares MSCI Emerging Markets ETF 339.75 27,985.73 1.23%
IBB iShares NASDAQ Biotechnology ETF 323.56 7,940.90 4.25%
EMB iShares JP Morgan USD Emerging Markets Bond ETF 322.60 9,025.66 3.71%
VWO Vanguard FTSE Emerging Markets ETF 317.43 40,405.78 0.79%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 ETF Trust -1,654.06 196,038.33 -0.84%
HYG iShares iBoxx $ High Yield Corporate Bond ETF -1,187.93 15,558.87 -7.09%
IWM iShares Russell 2000 ETF -620.86 26,933.65 -2.25%
DXJ WisdomTree Japan Hedged Equity Fund -443.48 7,153.89 -5.84%
JNK SPDR Barclays High Yield Bond ETF -374.77 11,487.69 -3.16%
XLV Health Care Select Sector SPDR Fund -369.20 12,957.53 -2.77%
NUGT Direxion Daily Gold Miners Index Bull 3x Shares -343.92 1,643.44 -17.31%
XBI SPDR S&P BIOTECH ETF -275.53 2,215.92 -11.06%
TLT iShares 20+ Year Treasury Bond ETF -251.08 8,213.35 -2.97%
XLK Technology Select Sector SPDR Fund -248.57 12,257.89 -1.99%

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 778.20 1,310,500.67 0.06%
International Equity 374.20 494,672.41 0.08%
U.S. Fixed Income 223.03 395,194.20 0.06%
International Fixed Income 560.36 39,344.37 1.42%
Commodities 932.58 75,746.93 1.23%
Currency 10.66 1,531.12 0.70%
Leveraged -311.05 24,971.49 -1.25%
Inverse 254.27 19,619.69 1.30%
Asset Allocation 20.03 6,290.09 0.32%
Alternatives 94.02 4,268.05 2.20%
Total: 2,936.31 2,372,139.02 0.12%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
IAGG iShares Core International Aggregate Bond ETF 146,567 1,022,415 697.57%
CWB SPDR Barclays Convertible Securities ETF 949,576 3,208,737 337.91%
ADRD BLDRS Developed Markets 100 ADR Index Fund 12,514 28,885 230.82%
AXJV iShares MSCI Asia ex Japan Minimum Volatility ETF 5,785 10,610 183.40%
DBV PowerShares DB G10 Currency Harvest Fund 16,305 38,073 233.51%
KIE SPDR S&P Insurance ETF 129,163 243,715 188.69%
TUZ PIMCO 1-3 Year US Treasury Index ETF 14,072 25,311 179.86%
DVYE iShares Emerging Markets Dividend ETF 99,463 176,584 177.54%
DIV Global X SuperDividend US ETF 95,290 145,314 152.50%
IBDC iShares iBonds Mar 2020 Term Corporate ETF 1,982 5,233 264.00%

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.

 

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