Fixed Income ETFs Lead Weekly Inflows

August 03, 2018

Investors added $3.7 billion to U.S.-listed ETFs during the week ending Thursday, Aug. 2, according to the latest data from FactSet. The haul brought year-to-date inflows up to $145.2 billion.

After several weeks of tossing money into the group, investors largely ignored U.S. equity ETFs this week. The group had net outflows of $143 million.

On the other hand, U.S. fixed-income ETFs continued to steadily build assets thanks to inflows of $2 billion. International equity ETFs followed, with inflows of $1.3 billion.

10-Year Tops 3%

On the fixed-income front, the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) and the PIMCO Enhanced Short Maturity Active ETF (MINT) were the biggest winners.

The Federal Reserve kept its benchmark interest rate unchanged at Wednesday’s meeting, but upgraded its outlook for the U.S. economy, signaling a hike is likely in September.

The U.S. 10-year Treasury yield briefly topped 3% for the first time since mid-June this week, while the two-year Treasury yield hit a decade-high of 2.69%.

Emerging Market ETF Rakes In Assets

In terms of equity ETFs, the iShares Core MSCI Emerging Markets ETF (IEMG) easily took the No. 1 spot, with $1.4 billion of inflows.

On a percentage basis, the VanEck Vectors Semiconductor ETF (SMH) took the lead. Its inflows of $536 million equaled a 73% jump in its AUM.

The VanEck Vectors Gold Miners ETF (GDX) was another notable winner, with inflows of $357 million.

On the other hand, the iShares MSCI EAFE ETF (EFA), the iShares NASDAQ Biotechnology ETF (IBB) and the SPDR S&P Regional Banking ETF (KRE) headlined the outflows list for the week.

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
IEMG iShares Core MSCI Emerging Markets ETF 1,419.30 49,672.66 2.94%
SPY SPDR S&P 500 ETF Trust 582.63 270,363.20 0.22%
SMH VanEck Vectors Semiconductor ETF 536.30 1,268.97 73.20%
IWD iShares Russell 1000 Value ETF 524.25 37,547.41 1.42%
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF 367.48 34,458.88 1.08%
GDX VanEck Vectors Gold Miners ETF 356.73 8,748.25 4.25%
XBI SPDR S&P BIOTECH ETF 341.45 5,429.98 6.71%
VTI Vanguard Total Stock Market ETF 317.36 101,770.29 0.31%
HYG iShares iBoxx USD High Yield Corporate Bond ETF 282.44 15,804.72 1.82%
MINT PIMCO Enhanced Short Maturity Active ETF 277.24 9,819.58 2.91%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
EFA iShares MSCI EAFE ETF -866.85 72,426.68 -1.18%
XLF Financial Select Sector SPDR Fund -706.62 31,271.80 -2.21%
IVV iShares Core S&P 500 ETF -662.03 152,465.42 -0.43%
IWF iShares Russell 1000 Growth ETF -550.32 43,053.81 -1.26%
IBB iShares NASDAQ Biotechnology ETF -447.00 9,304.20 -4.58%
QQQ Invesco QQQ Trust -415.48 67,303.81 -0.61%
KRE SPDR S&P Regional Banking ETF -354.27 5,197.93 -6.38%
XLE Energy Select Sector SPDR Fund -280.81 19,025.31 -1.45%
TIP iShares TIPS Bond ETF -279.49 23,836.37 -1.16%
XLP Consumer Staples Select Sector SPDR Fund -181.45 8,906.78 -2.00%

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -143.40 2,071,870.64 -0.01%
International Equity 1,287.79 807,636.40 0.16%
U.S. Fixed Income 2,031.80 579,718.04 0.35%
International Fixed Income 659.29 63,718.25 1.03%
Commodities  -169.77 62,476.71 -0.27%
Currency 11.75 1,151.61 1.02%
Leveraged 51.52 36,993.32 0.14%
Inverse -44.70 12,849.96 -0.35%
Asset Allocation 22.85 9,416.55 0.24%
Alternatives 0.78 4,442.22 0.02%
Total: 3,707.90 3,650,273.70 0.10%

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 49,755.71 2,071,870.64 2.40%
International Equity 32,743.45 807,636.40 4.05%
U.S. Fixed Income 48,656.25 579,718.04 8.39%
International Fixed Income 7,374.65 63,718.25 11.57%
Commodities  726.76 62,476.71 1.16%
Currency -43.37 1,151.61 -3.77%
Leveraged 2,886.78 36,993.32 7.80%
Inverse 2,309.41 12,849.96 17.97%
Asset Allocation 640.51 9,416.55 6.80%
Alternatives 168.25 4,442.22 3.79%
Total: 145,218.40 3,650,273.70 3.98%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
DBAW Xtrackers MSCI All World ex U.S. Hedged Equity ETF 16,783 79,284 472.40%
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 47,017 173,559 369.14%
HDGE AdvisorShares Ranger Equity Bear ETF 162,104 597,989 368.89%
IVAL Alpha Architect International Quantitative Value ETF 11,482 39,544 344.40%
RYE Invesco S&P 500 Equal Weight Energy ETF 100,716 333,981 331.61%
FREL Fidelity MSCI Real Estate Index ETF 430,602 1,403,444 325.93%
DGL Invesco DB Gold Fund 16,877 53,621 317.71%
IMTB iShares Core 5-10 Year USD Bond ETF 4,699 14,721 313.25%
EEMA iShares MSCI Emerging Markets Asia ETF 45,088 116,335 258.02%
RCD Invesco S&P 500 Equal Weight Consumer Discretionary ETF 20,227 48,865 241.58%

 

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.

 

Find your next ETF

CLEAR FILTER