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

Jan 20, 2017

Reviewed by: Sumit Roy

Edited by: Sumit Roy

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.

Sumit Roy

| Contact: [email protected]

Sumit Roy is the senior ETF analyst for etf.com, where he's worked for 12 years. Before joining the company, Roy was the managing editor and commodities analyst for Hard Assets Investor. He lives in the San Francisco Bay Area, where he enjoys climbing the city’s steep hills, playing pickleball and snowboarding.

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

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