Huge Weekly Inflows For 2 ETFs

Nov 03, 2017

Reviewed by: Sumit Roy

Edited by: Sumit Roy

ETF inflows may have slowed down from their torrid pace of last week, but they remained solid as investors digested two pieces of big news this week. According to FactSet, $3.7 billion in fresh money entered U.S.-listed ETFs during the week ending Thursday, Nov. 2.

Of that, only $312 million went into U.S. equity ETFs, while international equity ETFs took in a chunkier $2.3 billion.

Year-to-date inflows now stand at $388.2 billion, an annual record.

‘IDEV’ & ‘IUSB’ AUM Surge

The two standouts on the inflows list were the iShares Core MSCI International Developed Markets ETF (IDEV) and the iShares Core Total USD Bond Market ETF (IUSB).

IDEV took in a cool $617 million in new money during the week, lifting its total assets under management by more than 600%.

IUSB took in $575 million, lifting its AUM by 45%.

Meanwhile, the VelocityShares 3X Long Natural Gas ETN (UGAZ) continued to be popular among traders, picking up $256 million. Year-to-date inflows for the volatile product now stand at $1.5 billion.

For a full list of this week's top inflows and outflows, see the tables at the bottom of this article.

Big News, Little Impact

The nomination of Fed governor Jerome Powell to be the next Fed chairman had little impact on markets this week because investors largely anticipated the news. Likewise, the unveiling of the long-awaited Republican tax plan didn't immediately move the markets, even though it was widely regarded as positive for corporations.

Nonetheless, the stock market inched to a new all-time high this week amid strong momentum. The S&P 500 was last trading around 2,588, the highest level ever, and up from 2,581 last week.

At the same time, the U.S. 10-year Treasury bond yield dipped from 2.43% to 2.34% week-over-week, while WTI oil prices jumped to a 2 1/2-year high near $56.

Top 10 Creations (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
QQQ	PowerShares QQQ Trust	706.27	56,018.56	1.28%
IDEV	iShares Core MSCI International Developed Markets ETF	616.74	713.37	638.31%
IUSB	iShares Core Total USD Bond Market ETF	575.47	1,834.83	45.70%
IWM	iShares Russell 2000 ETF	361.97	43,101.06	0.85%
EMB	iShares JP Morgan USD Emerging Markets Bond ETF	323.65	11,930.43	2.79%
AGG	iShares Core U.S. Aggregate Bond ETF	294.78	51,332.10	0.58%
EZU	iShares MSCI Eurozone ETF	270.02	14,732.54	1.87%
UGAZ	VelocityShares 3X Long Natural Gas ETN	256.26	934.88	37.76%
IVV	iShares Core S&P 500 ETF	245.58	133,613.06	0.18%
DXJ	WisdomTree Japan Hedged Equity Fund	219.59	9,137.96	2.46%

Top 10 Redemptions (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
SPY	SPDR S&P 500 ETF Trust	-3,017.36	253,107.02	-1.18%
TLT	iShares 20+ Year Treasury Bond ETF	-756.25	7,920.35	-8.72%
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	-423.43	38,593.75	-1.09%
IEUR	iShares Core MSCI Europe ETF	-379.30	2,653.02	-12.51%
IPAC	iShares Core MSCI Pacific ETF	-250.68	928.99	-21.25%
XLI	Industrial Select Sector SPDR Fund	-243.36	12,468.01	-1.91%
GLD	SPDR Gold Trust	-242.19	34,724.75	-0.69%
GOVT	iShares U.S. Treasury Bond ETF	-221.46	5,204.49	-4.08%
HYG	iShares iBoxx $ High Yield Corporate Bond ETF	-185.38	19,389.34	-0.95%
CRED	iShares U.S. Credit Bond ETF	-168.06	1,430.73	-10.51%

ETF Weekly Flows By Asset Class

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	312.49	1,809,607.11	0.02%
International Equity	2,337.08	767,306.60	0.30%
U.S. Fixed Income	123.13	514,991.06	0.02%
International Fixed Income	608.14	56,178.87	1.08%
Commodities ETFs	-172.53	65,749.64	-0.26%
Currency	-32.37	1,352.22	-2.39%
Leveraged	454.23	31,191.72	1.46%
Inverse	23.65	17,129.94	0.14%
Asset Allocation	50.69	8,661.24	0.59%
Alternatives	34.77	4,211.38	0.83%
Total:	3,739.29	3,276,379.79	0.11%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker	Name	Average Volume (30 Day)	1 Week Average Volume	% of Average
LVHB	Elkhorn Lunt Low Vol/High Beta Tactical ETF	62,862	401,059	638.00%
VTHR	Vanguard Russell 3000 ETF	15,840	57,941	365.78%
IBDO	iShares iBonds Dec 2023 Term Corporate ETF	75,478	266,995	353.74%
JHMT	John Hancock Multifactor Technology ETF	11,018	34,072	309.23%
PDP	PowerShares DWA Momentum Portfolio	94,869	276,019	290.95%
IPE	SPDR Bloomberg Barclays TIPS ETF	63,050	193,298	306.58%
GSG	iShares S&P GSCI Commodity Indexed Trust	299,980	1,096,669	365.58%
PSJ	PowerShares Dynamic Software Portfolio	14,474	66,240	457.65%
PST	ProShares UltraShort 7-10 Year Treasury	21,123	50,441	238.79%
FRN	Guggenheim Frontier Markets ETF	69,425	290,924	419.05%

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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Huge Weekly Inflows For 2 ETFs

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