Weekly Flows Nearly $10B As Stocks Hit Records

August 31, 2018

ETF inflows accelerated this week as fresh record highs in the U.S. stock market stoked investors’ animal spirits. A cool $9.8 billion flowed into U.S.-listed ETFs during the week ending Thursday, Aug. 30, pushing year-to-date inflows up to $172.9 billion.

The latest data, which comes from FactSet, showed the bulk of the weekly inflows going to U.S. equity ETFs—$8.3 billion. The S&P 500 leapt above 2,900 for the first time ever this week, peaking as high as 2,917 after the U.S. and Mexico secured a bilateral trade agreement.

ETFs like the Consumer Discretionary Select Sector SPDR Fund (XLY), the Industrial Select Sector SPDR Fund (XLI), the iShares PHLX Semiconductor ETF (SOXX) and the SPDR S&P BIOTECH ETF (XBI) were among the biggest flows winners this week.

EM Attracts Inflows Despite Woes

Other categories also saw inflows, though on a smaller scale. International equity ETFs took in $930 million, even as debt and currency woes continued to plague emerging markets. Argentina’s central bank hiked interest rate to 60% this week in an attempt to staunch the bleeding in its currency.

The iShares Core MSCI Emerging Markets ETF (IEMG) pulled in $410 million during the week.

Meanwhile, U.S. fixed-income ETFs had net inflows of just over $1 billion, including inflows of $319 million for the iShares iBoxx $ USD High Yield Corporate Bond ETF (HYG).

The U.S. 10-year Treasury bond yield was little changed week-over-week, last trading around 2.84%.

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
SPY SPDR S&P 500 ETF Trust 2,814.26 280,786.53 1.01%
XLY Consumer Discretionary Select Sector SPDR Fund 741.88 15,946.83 4.88%
IVV iShares Core S&P 500 ETF 547.27 161,577.03 0.34%
QQQ Invesco QQQ Trust 509.50 73,618.42 0.70%
IEMG iShares Core MSCI Emerging Markets ETF 409.81 49,620.59 0.83%
XLI Industrial Select Sector SPDR Fund 368.40 13,323.12 2.84%
HYG iShares iBoxx USD High Yield Corporate Bond ETF 318.81 17,290.40 1.88%
SOXX iShares PHLX Semiconductor ETF 305.20 2,034.66 17.65%
VTI Vanguard Total Stock Market ETF 231.70 106,064.40 0.22%
XBI SPDR S&P BIOTECH ETF 229.12 5,959.85 4.00%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
VGT Vanguard Information Technology ETF -410.05 22,679.78 -1.78%
GLD SPDR Gold Trust -362.79 29,329.89 -1.22%
KRE SPDR S&P Regional Banking ETF -307.35 5,061.09 -5.73%
IYR iShares U.S. Real Estate ETF -277.39 4,465.56 -5.85%
ACWV iShares Edge MSCI Min Vol Global ETF -199.94 3,347.25 -5.64%
VOO Vanguard S&P 500 ETF -189.41 100,266.61 -0.19%
JNK SPDR Bloomberg Barclays High Yield Bond ETF -179.76 9,790.31 -1.80%
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF -160.99 34,468.06 -0.46%
TQQQ ProShares UltraPro QQQ -159.14 3,879.82 -3.94%
IGSB iShares Short-Term Corporate Bond ETF -158.44 10,420.48 -1.50%

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 8,302.84 2,169,989.45 0.38%
International Equity 930.35 805,597.03 0.12%
U.S. Fixed Income 1,024.56 569,373.33 0.18%
International Fixed Income 146.58 63,717.31 0.23%
Commodities  -388.03 59,790.46 -0.65%
Currency -4.36 1,109.02 -0.39%
Leveraged -592.12 38,477.19 -1.54%
Inverse 205.06 12,695.00 1.62%
Asset Allocation 1.41 9,536.22 0.01%
Alternatives 147.04 4,634.70 3.17%
Total: 9,773.34 3,734,919.72 0.26%

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 70,030.35 2,169,989.45 3.23%
International Equity 36,189.47 805,597.03 4.49%
U.S. Fixed Income 53,648.94 569,373.33 9.42%
International Fixed Income 7,803.71 63,717.31 12.25%
Commodities  -1,324.15 59,790.46 -2.21%
Currency -82.18 1,109.02 -7.41%
Leveraged 2,922.22 38,477.19 7.59%
Inverse 2,593.55 12,695.00 20.43%
Asset Allocation 647.95 9,536.22 6.79%
Alternatives 423.87 4,634.70 9.15%
Total: 172,853.75 3,734,919.72 4.63%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
FLEE Franklin FTSE Europe ETF 22,999 125,653 546.35%
FLQL Franklin LibertyQ U.S. Equity ETF 229,117 942,268 411.26%
PWC Invesco Dynamic Market ETF 2,490 7,997 321.23%
BMLP BMO Elkhorn DWA MLP Select Index ETN 82 261 317.90%
BBRC Columbia Beyond BRICs ETF 4,869 14,663 301.16%
VGT Vanguard Information Technology ETF 504,788 1,260,801 249.77%
HYUP Xtrackers High Beta High Yield Bond ETF 12 28 227.64%
PSCU Invesco S&P SmallCap Utilities ETF 6,942 14,981 215.79%
KOL VanEck Vectors Coal ETF 43,939 88,720 201.92%
RYF Invesco S&P 500 Equal Weight Financials ETF 53,059 100,067 188.60%

 

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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