Gold Fund 'GLD' Powers $3.2B Of Weekly Inflows

April 21, 2017

Investors added modestly to their ETF positions during the week ending Thursday, April 20. According to the latest data from FactSet, $3.2 billion flowed into U.S.-listed ETFs in the period, pushing year-to-date inflows to $143 billion.

In contrast to recent weeks, U.S. equity ETFs didn't lead the charge. That segment actually had outflows of about $80 million. On the other hand, international equity ETFs and U.S. fixed-income ETFs picked up more than $1 billion each. 

Week-over-week, the S&P 500 rebounded less than 1%, while the U.S. 10-year Treasury yield was unchanged at 2.23%. 

Meanwhile, international fixed-income ETFs and commodity ETFs had inflows of $350 million and $500 million, respectively.

Oil plunged below $50/barrel on Friday, while gold prices hovered near recent highs of $1,290/oz.

Safe-Haven GLD Tops Inflows List 

In terms of individual ETFs, the SPDR Gold Trust (GLD) took the top position, with inflows of just under $500 million. Jitters surrounding this weekend's French presidential elections and a potential U.S. government shutdown next week fueled safe-haven flows into GLD. 

Other winners during the week included the Utilities Select Sector SPDR Fund (XLU), the iShares U.S. Real Estate ETF (IYR), the Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) and the VanEck Vectors Semiconductor ETF (SMH). Each had inflows ranging from $200 million to $300 million.

On the outflows side, the SPDR S&P 500 ETF (SPY) led the pack, with redemptions of $2.4 billion. 

Other notable losers included the Financial Select Sector SPDR Fund (XLF), with outflows of $270 million; the iPath S&P 500 VIX Short-Term Futures ETN (VXX), with outflows of $260 million; the VanEck Vectors Gold Miners ETF (GDX), with outflows of $220 million; and the VanEck Vectors Junior Gold Miners ETF (GDXJ), with outflows of $200 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
GLD SPDR Gold Trust 488.01 35,121.99 1.41%
IEFA iShares Core MSCI EAFE ETF 425.41 23,111.12 1.88%
VEA Vanguard FTSE Developed Markets ETF 388.35 48,213.08 0.81%
IWD iShares Russell 1000 Value ETF 363.50 36,355.71 1.01%
IVV iShares Core S&P 500 ETF 305.88 103,553.75 0.30%
VOO Vanguard S&P 500 Index Fund 304.91 63,583.37 0.48%
XLU Utilities Select Sector SPDR Fund 265.18 7,505.58 3.66%
IYR iShares U.S. Real Estate ETF 250.30 4,766.43 5.54%
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 241.68 1,796.57 15.54%
SMH VanEck Vectors Semiconductor ETF 209.09 670.29 45.34%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 ETF Trust -2,432.32 228,970.55 -1.05%
IWM iShares Russell 2000 ETF -284.81 35,512.39 -0.80%
XLF Financial Select Sector SPDR Fund -266.95 22,090.88 -1.19%
VXX iPath S&P 500 VIX Short-Term Futures ETN -261.67 1,017.26 -20.46%
QQQ PowerShares QQQ Trust -246.17 46,604.31 -0.53%
GDX VanEck Vectors Gold Miners ETF -220.58 11,742.88 -1.84%
GDXJ VanEck Vectors Junior Gold Miners ETF -203.31 4,854.46 -4.02%
XLV Health Care Select Sector SPDR Fund -168.69 15,655.02 -1.07%
XLE Energy Select Sector SPDR Fund -152.29 16,457.21 -0.92%
IBB iShares NASDAQ Biotechnology ETF -145.18 8,104.02 -1.76%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -83.49 1,612,194.50 -0.01%
International Equity 1,153.22 603,160.37 0,23%
U.S. Fixed Income 1,058.44 442,066.38 0.22%
International Fixed Income 350.17 46,108.46 1.34%
Commodities 496.04 24,066.34 0.37%
Currency 3.72 2,101.24 4.52%
Leveraged 433.30 25,990.98 1.66%
Inverse 19.73 16,758.05 0.05%
Asset Allocation 11.84 6,784.49 0.17%
Alternatives -260.05 3,982.63 -6.52%
Total: 3,182.63 2,801,992.64 0.11%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
JKH iShares Morningstar Mid-Cap Growth ETF 2,950 13,574 460.14%
FLCO Franklin Liberty Investment Grade Corporate ETF 3,553 14,282 402.01%
IBDQ iShares iBonds Dec 2025 Term Corporate ETF 33,293 89,842 269.86%
EWQ iShares MSCI France ETF 965,383 2,900,181 300.42%
CUT Guggenheim MSCI Global Timber ETF 19,365 56,899 293.83%
SGDM Sprott Gold Miners ETF 76,335 145,809 191.01%
QXGG QuantX Risk Managed Growth ETF 2,910 4,986 171.35%
GII SPDR S&P Global Infrastructure ETF 24,989 39,655 158.69%
QXTR QuantX Risk Managed Multi-Asset Total Return ETF 2,677 6,167 230.39%
ENZL iShares MSCI New Zealand Capped ETF 64,451 126,963 196.99%

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
EFAS Global X MSCI SuperDividend EAFE ETF 8.43% 8,900 1.62
SILJ PureFunds ISE Junior Silver (Small Cap Miners/Explorers) ETF 6.90% 266,755 66.74
VMAX REX VolMAXX Long VIX Weekly Futures Strategy ETF 6.89% 22,579 2.08
OIL iPath S&P GSCI Crude Oil Total Return ETN 6.67% 5,527,000 745.29
REMX VanEck Vectors Rare Earth/Strategic Metals ETF 6.23% 524,436 55.81
GOEX Global X Gold Explorers ETF 6.15% 52,207 43.76
SIL Global X Silver Miners ETF 5.89% 421,420 358.69
IOIL IQ Global Oil Small Cap ETF 5.86% 1,203 2.72
GDXJ VanEck Vectors Junior Gold Miners ETF 5.73% 73,900,896 4,854.46
SLVP iShares MSCI Global Silver Miners ETF 5.52% 247,091 66.53

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
TUTI Tuttle Tactical Management Multi-Strategy Income ETF -6.68% 26,538 21.48
JUNE Dhandho Junoon ETF -4.03% 4,087 3.96
UBC ETRACS UBS Bloomberg CMCI Livestock Total Return ETN -3.61% 7,673 3.35
PSI PowerShares Dynamic Semiconductors Portfolio -3.26% 153,997 223.73
BAL iPath Bloomberg Cotton Subindex Total Return ETN -2.95% 17,917 15.82
EPOL iShares MSCI Poland Capped ETF -2.84% 773,165 263.54
ARKQ ARK Industrial Innovation ETF -2.74% 49,300 26.36
PSCD PowerShares S&P SmallCap Consumer Discretionary Portfolio -2.69% 4,270 60.15
PLND VanEck Vectors Poland ETF -2.59% 6,540 16.25
FCOM Fidelity MSCI Telecommunication Services Index ETF -2.52% 108,700 139.73

 

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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