Dow ETF Gains Assets, 'XLF' Out Of Favor In Weekly Flows

January 20, 2017

U.S.-listed ETFs saw modest inflows in the past week ahead of the presidential inaugaration of Donald Trump on Friday. In the week ending Thursday, Jan. 19, investors added $2.6 billion to ETFs, according to FactSet.

Of that, $537 million went into U.S. equity ETFs, $2 billion went into international equity ETFs, $192 million went into U.S. fixed-income ETFs and $236 million went into commodity ETFs. On the other hand, international fixed-income ETFs had outflows of $143 million.

Performancewise, U.S. stocks continued to hover in a tight range near record highs. The S&P 500 traded in a band between 2,260 and 2,280 all week long. Meanwhile, the 10-year bond yield rose almost 10 basis points week-over-week to last trade around 2.47%.

Dow Jones ETF In Favor, Financials ETF Sees Redemptions
As has been the case for much of the new year, vanilla, broad-based ETFs continued to garner the bulk of inflows. The iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) took the No. 1 spot on the weekly list, with creations of $730 million.

The SPDR Dow Jones Industrial Average ETF (DIA) and the iShares Core MSCI EAFE ETF (IEFA) followed suit, with inflows of $525 million and $441 million, respectively.

On the other side of the ledger, the Financial Select Sector SPDR Fund (XLF) saw the biggest ouflows of the period, losing $752 million. 

Other noteworthy losers included the iShares iBoxx $ High Yield Corporate Bond ETF (HYG), with outflows of $653 million; the SPDR Barclays Short Term Corporate Bond ETF (SCPB), with outflows of $489 million; the Industrial Select Sector SPDR Fund (XLI), with outflows of $261 million; and the iShares National Muni Bond ETF (MUB), with outflows of $175 million.

For a full list of this week's top inflows and outflows, see the tables below: 

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF 730.28 27,516.63 2.73%
DIA SPDR Dow Jones Industrial Average ETF Trust 525.39 15,776.92 3.44%
IEFA iShares Core MSCI EAFE ETF 440.97 17,141.17 2.64%
IJR iShares Core S&P Small Cap ETF 402.92 54,976.51 0.74%
IVV iShares Core S&P 500 ETF 353.31 92,252.25 0.38%
VOO Vanguard S&P 500 Index Fund 323.71 59,652.12 0.55%
XLE Energy Select Sector SPDR Fund 257.50 17,902.18 1.46%
VBR Vanguard Small Cap Value Index Fund 236.44 10,370.76 2.33%
VEU Vanguard FTSE All-World ex-US Index Fund 205.06 15,278.30 1.36%
VEA Vanguard FTSE Developed Markets ETF 188.30 42,132.80 0.45%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
XLF Financial Select Sector SPDR Fund -752.25 22,436.97 -3.24%
HYG iShares iBoxx $ High Yield Corporate Bond ETF -652.82 18,417.64 -3.42%
IWM iShares Russell 2000 ETF -546.00 38,145.02 -1.41%
SCPB SPDR Barclays Short Term Corporate Bond ETF -488.73 3,074.04 -13.72%
SPY SPDR S&P 500 ETF Trust -388.35 223,717.65 -0.17%
JNK SPDR Barclays High Yield Bond ETF -275.25 11,878.55 -2.26%
XLI Industrial Select Sector SPDR Fund -260.76 10,513.35 -2.42%
XLP Consumer Staples Select Sector SPDR Fund -214.57 8,098.78 -2.58%
IWF iShares Russell 1000 Growth ETF -193.66 32,157.40 -0.60%
MUB iShares National Muni Bond ETF -174.60 8,261.50 -2.07%

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 536.93 1,536,718.30 0.03%
International Equity 2,046.89 532,265.59 0.38%
U.S. Fixed Income 192.19 415,330.33 0.05%
International Fixed Income -143.15 40,882.89 -0.35%
Commodities 236.44 62,171.19 0.38%
Currency -11.97 3,138.29 -0.38%
Leveraged -243.59 24,732.68 -0.98%
Inverse 53.17 17,204.41 0.31%
Asset Allocation -106.54 6,641.95 -1.60%
Alternatives 85.85 3,889.79 2.21%
Total: 2,646.21 2,642,975.43 0.10%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
RTH VanEck Vectors Retail ETF 19,368 57,490 296.84%
SIZE iShares MSCI USA Size Factor ETF 14,211 43,719 307.64%
GBF iShares Government/Credit Bond ETF 30,388 73,817 242.92%
CHIQ Global X China Consumer ETF 33,613 78,073 232.27%
JPEM J.P. Morgan Diversified Return Emerging Markets Equity ETF 18,817 66,134 351.46%
RLY SPDR SSgA Multi-Asset Real Return ETF 35,282 112,947 320.13%
IDV iShares International Select Dividend ETF 1,022,636 2,315,407 226.42%
EIS iShares MSCI Israel Capped ETF 23,086 46,378 200.89%
IRY SPDR S&P International Health Care Sector ETF 24,633 49,573 201.25%
ONEV SPDR Russell 1000 Low Volatility Focus 2,354 4,613 195.94%

Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
GRWN iPath Pure Beta Softs ETN 8.91% 1,500 0.67
USAG United States Agriculture Index Fund 7.83% 5,160 2.00
GRU Elements MLCX Grains Index-Total Return ETN 4.18% 11,813 3.98
CHIQ Global X China Consumer ETF 3.15% 312,292 68.92
SILJ PureFunds ISE Junior Silver (Small Cap Miners/Explorers) ETF 2.75% 623,740 62.52
JJU iPath Bloomberg Aluminum Subindex Total Return ETN 2.70% 4,391 2.54
KWT VanEck Vectors Solar Energy ETF 2.63% 3,324 10.73
CHIM Global X China Materials ETF 2.55% 2,642 1.53
SOYB Teucrium Soybean Fund 2.40% 243,717 13.62
MLPJ Global X Junior MLP ETF 2.27% 22,656 8.98

Bottom 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
CHOC iPath Pure Beta Cocoa ETN -5.51% 12,329 3.70
UGA United States Gasoline Fund LP -4.72% 140,245 65.50
GREK Global X MSCI Greece ETF -4.63% 1,037,693 275.95
JJN iPath Bloomberg Nickel Subindex Total Return ETN -4.37% 52,327 10.48
NIB iPath Bloomberg Cocoa Subindex Total Return ETN -3.71% 243,351 25.58
UHN United States Diesel-Heating Oil Fund LP -3.67% 7,800 6.28
SGG iPath Bloomberg Sugar Subindex Total Return ETN -3.66% 498,668 40.40
ILB PIMCO Global Advantage Inflation-Linked Bond Active ETF -3.64% 2,563 77.66
CNCR Loncar Cancer Immunotherapy ETF -3.55% 30,899 21.94
EGPT VanEck Vectors Egypt Index ETF -3.47% 225,724 43.83

 

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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