Huge Weekly Inflows For 2 ETFs

November 03, 2017

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.

 

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