Record Highs & 'SPY' Pace Weekly ETF Inflows Of $6.5B

Weekly inflows were largely fueled by 'SPY.'

sumit
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Senior ETF Analyst
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Reviewed by: Sumit Roy
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Edited by: Sumit Roy

After pulling money out of the fund for a number of weeks, investors finally put money back into the world's largest ETF. The SPDR S&P 500 ETF (SPY) had inflows of $5.8 billion during the week ending Thursday, July 27, according to the latest data from FactSet.

SPY's inflows played a large part in fueling the week's total ETF inflows of $6.5 billion and pushing year-to-date inflows to $272.5 billion.

It was also the reason U.S. equity ETFs as a whole managed to see net weekly inflows of almost $4 billion. 

Meanwhile, every other major ETF segment also saw net inflows during the period, with the exception of commodities, which lost $900 million. International equity ETFs pulled in $2 billion; U.S. fixed-income ETFs took in nearly $1 billion; and international fixed-income ETFs garnered about $380 million.

During the week, the S&P 500 hit a fresh record high of 2,484, thanks to strong corporate earnings reports. At the same time, the U.S. 10-year Treasury yield climbed from 2.22% to 2.29%, as the Federal Reserve left interest rates unchanged.

'IVV' Still Outpacing 'SPY' In 2017
Though SPY's weekly inflows were sizable, the ETF still has net outflows in the year-to-date period, to the tune of $6.2 billion. That's in contrast to the iShares Core S&P 500 ETF (IVV), which pulled in almost $400 million during the week, and which has year-to-date inflows of $20.6 billion.

Three other noteworthy ETFs on the inflows list include the SPDR S&P Oil & Gas Exploration & Production ETF (XOP), the Financial Select Sector SPDR Fund (XLF) and the VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC), each with inflows of just over $200 million.

On the outflows side, noteworthy losers include the iShares 20+ Year Treasury Bond ETF (TLT), with redemptions of $1 billion; the SPDR Gold Trust (GLD), with redemptions of $830 million; the Energy Select Sector SPDR Fund (XLE), with redemptions of $530 million; and the VanEck Vectors Gold Miners ETF (GDX), with redemptions of $340 million.

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

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust5,814.26242,833.542.45%
IEFAiShares Core MSCI EAFE ETF733.9332,925.632.28%
LQDiShares iBoxx $ Investment Grade Corporate Bond ETF567.5337,606.891.53%
IVViShares Core S&P 500 ETF398.05121,990.240.33%
IVWiShares S&P 500 Growth ETF303.4818,911.771.63%
IWBiShares Russell 1000 ETF288.8719,170.431.53%
IJRiShares Core S&P Small Cap ETF232.1531,762.860.74%
XOPSPDR S&P Oil & Gas Exploration & Production ETF230.792,324.9911.02%
XLFFinancial Select Sector SPDR Fund228.8726,096.960.88%
EMLCVanEck Vectors J.P. Morgan EM Local Currency Bond ETF210.183,929.895.65%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
QQQPowerShares QQQ Trust-2,584.9552,867.93-4.66%
IWMiShares Russell 2000 ETF-1,649.5734,993.04-4.50%
TLTiShares 20+ Year Treasury Bond ETF-1,038.667,223.46-12.57%
GLDSPDR Gold Trust-833.2532,070.63-2.53%
XLEEnergy Select Sector SPDR Fund-529.3515,400.57-3.32%
GDXVanEck Vectors Gold Miners ETF-337.217,454.55-4.33%
VXUSVanguard Total International Stock ETF-244.898,843.98-2.69%
USMViShares Edge MSCI Min Vol USA ETF-218.5713,463.97-1.60%
IYRiShares U.S. Real Estate ETF-217.354,070.05-5.07%
XLUUtilities Select Sector SPDR Fund-186.147,338.21-2.47%

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity3,966.681,706,291.820.23%
International Equity2,038.09695,513.190.29%
U.S. Fixed Income993.61487,432.430.20%
International Fixed Income382.2752,192.620.73%
Commodities-902.2861,457.51-1.47%
Currency-27.191,443.47-1.88%
Leveraged-60.6228,989.99-0.21%
Inverse25.8016,127.190.16%
Asset Allocation34.677,385.030.47%
Alternatives93.663,892.722.41%
Total:6,544.693,060,725.970.21%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
PBWPowerShares WilderHill Clean Energy Portfolio136,209421,084309.15%
HAWXiShares Currency Hedged MSCI ACWI ex U.S. ETF17,85737,213208.40%
ROOFIQ US Real Estate Small Cap ETF20,04038,217190.70%
JPGEJ.P. Morgan Diversified Return Global Equity ETF8,22817,301210.26%
DGRSWisdomTree US Smallcap Quality Dividend Growth Fund20,21741,229203.93%
HYHGProShares High Yield-Interest Rate Hedged ETF19,99034,481172.49%
SHESPDR SSGA Gender Diversity Index ETF3,6787,314198.89%
FNKFirst Trust Mid Cap Value AlphaDEX Fund9,60425,611266.67%
BKFiShares MSCI BRIC ETF25,54840,388158.09%
DYLSWisdomTree Dynamic Long/Short U.S. Equity Fund14,60724,100164.99%

 

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 is the senior ETF analyst for etf.com, where he has worked for 13 years. He creates a variety of content for the platform, including news articles, analysis pieces, videos and podcasts.

Before joining etf.com, Sumit was the managing editor and commodities analyst for Hard Assets Investor. In those roles, he was responsible for most of the operations of HAI, a website dedicated to education about commodities investing.

Though he still closely follows the commodities beat, Sumit covers a much broader assortment of topics for etf.com, with a particular focus on stock and bond exchange-traded funds.

He is the host of etf.com’s Talk ETFs, a popular video series that features weekly interviews with thought leaders in the ETF industry. Sumit is also co-host of Exchange Traded Fridays, etf.com’s weekly podcast series.

He lives in the San Francisco Bay Area, where he enjoys climbing the city’s steep hills, playing chess and snowboarding in Lake Tahoe.