Gold/Treasury ETFs Up YTD Inflows To $312B

Year-to-date inflows reached another record high as investors added $8.9 billion to U.S.-listed ETFs in the latest week.

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Reviewed by: Sumit Roy
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Edited by: Sumit Roy

A rally in government bonds encouraged investors to plow billions of dollars into ETFs this week. According to the latest data from FactSet, inflows into U.S.-listed exchange-traded funds totaled $8.9 billion in the week ending Thursday, Sept. 7.

Year-to-date inflows now stand at a record $312 billion.

The majority of this week's inflows―$2.6 billion―went into U.S. fixed-income ETFs. During the period, bonds surged, with the U.S. 10-year Treasury yield dropping as low as 2.01%, down from 2.17% last week (bond prices and yields move inversely).

At the same time, just slightly less money―$2.5 billion―headed for U.S. equity ETFs. The S&P 500 moved slightly lower week-over-week, as investors fretted about North Korea, Hurricane Irma and the political wrangling in Washington. 

Also taking in new money were international equity ETFs, with inflows of $1.7 billion; international fixed-income ETFs, with inflows of $414 million; and commodity ETFs, with inflows of $821 million.

'TLT' & 'GLD' Big Winners
The biggest ETF beneficiary of this week's inflows into fixed income was the iShares 20+ Year Treasury Bond ETF (TLT), which had creations of $919 million. 

Other fixed-income products to see interest were the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and the iShares 3-7 Year Treasury Bond ETF (IEI), with inflows of $448 million and $262 million, respectively.

Another notable fund on the top 10 list was the SPDR Gold Trust (GLD). It had inflows of $873 million during the week as gold prices reached their highest levels in a year above $1,360/oz.

Meanwhile, on the outflows side, notable losers included the iPath S&P 500 VIX Short-Term Futures ETN (VXX), the iShares Currency Hedged MSCI EAFE ETF (HEFA) and the Deutsche X-trackers MSCI Japan Hedged Equity ETF (DBJP).

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
IWM iShares Russell 2000 ETF 1,088.09 37,079.61 3.02%
TLT iShares 20+ Year Treasury Bond ETF 918.99 7,640.44 13.67%
XLP Consumer Staples Select Sector SPDR Fund 892.36 8,709.11 11.42%
IVV iShares Core S&P 500 ETF 880.75 124,594.16 0.71%
GLD SPDR Gold Trust 872.89 35,932.47 2.49%
VWO Vanguard FTSE Emerging Markets ETF 566.44 62,484.67 0.91%
HYG iShares iBoxx $ High Yield Corporate Bond ETF 448.35 18,480.42 2.49%
VTI Vanguard Total Stock Market ETF 368.39 81,672.70 0.45%
XLE Energy Select Sector SPDR Fund 271.52 15,090.75 1.83%
IEI iShares 3-7 Year Treasury Bond ETF 261.60 7,498.48 3.61%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 ETF Trust -1,373.65 242,329.79 -0.56%
XLI Industrial Select Sector SPDR Fund -719.71 11,128.80 -6.07%
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF -328.40 38,301.37 -0.85%
XLF Financial Select Sector SPDR Fund -269.45 24,384.65 -1.09%
SCHD Schwab US Dividend Equity ETF -212.37 5,804.53 -3.53%
VXX iPath S&P 500 VIX Short-Term Futures ETN -188.24 1,264.39 -12.96%
VXF Vanguard Extended Market ETF -165.80 5,048.61 -3.18%
XLY Consumer Discretionary Select Sector SPDR Fund -143.62 11,613.43 -1.22%
HEFA iShares Currency Hedged MSCI EAFE ETF -137.79 4,113.06 -3.24%
DBJP Deutsche X-trackers MSCI Japan Hedged Equity ETF -126.32 1,731.57 -6.80%

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 2,528.87 1,695,117.66 0.15%
International Equity 1,685.51 716,729.89 0.24%
U.S. Fixed Income 2,618.90 500,223.73 0.52%
International Fixed Income 414.39 54,546.46 0.76%
Commodities 821.20 66,899.92 0.00%
Currency -5.40 1,458.91 -0.37%
Leveraged -221.40 29,341.82 -0.75%
Inverse 390.25 18,296.82 2.13%
Asset Allocation 45.63 7,399.56 0.62%
Alternatives -178.49 4,244.71 -4.20%
Total: 8,920.68 3,094,208.18 0.26%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
IBCC iShares iBonds Mar 2018 Term Corporate ex-Financials ETF 27,776 214,445 772.05%
HFXI IQ 50 Percent Hedged FTSE International ETF 203,163 1,401,749 689.96%
IDEV iShares Core MSCI International Developed Markets ETF 20,778 114,276 549.98%
PUI PowerShares DWA Utilities Momentum Portfolio 11,021 44,332 402.24%
FTGC First Trust Global Tactical Commodity Strategy Fund 49,079 192,153 391.52%
IEUR iShares Core MSCI Europe ETF 510,585 1,772,320 347.12%
FIEU Credit Suisse FI Enhanced Europe 50 ETN 1,666 6,227 373.73%
SCHO Schwab Short-Term US Treasury ETF 309,265 1,116,303 360.95%
DBJP Deutsche X-trackers MSCI Japan Hedged Equity ETF 790,164 4,334,694 548.58%
USLB PowerShares Russell 1000 Low Beta Equal Weight Portfolio 8,569 23,439 273.53%

 

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'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.