2nd Straight Week Of ETF Outflows

October 19, 2018

Continued stock market volatility prompted investors to pull money out of ETFs for a second-straight week. According to FactSet, a net $4.4 billion came out of U.S.-listed ETFs during the week ending Thursday, Oct. 18, adding to previous week’s $2.9 billion of outflows.

Year-to-date inflows now stand at $201.8 billion.

Investors Flee ‘SPY’

Unlike last week, when investors actually added to their equity ETF holdings in the face of volatility, this week they ran for cover. Almost $10.6 billion flowed out of such funds, largely due to a massive $11.5 billion outflow from the SPDR S&P 500 ETF Trust (SPY).

Big swings were the norm this week, as the S&P 500 surged 2.2% on Tuesday, only to tumble 1.4% on Thursday.

Along with SPY, the Financial Select Sector SPDR Fund (XLF), the iShares Russell 2000 ETF (IWM) and the SPDR Dow Jones Industrial Average ETF Trust (DIA) topped the weekly outflows list.

Interest In Fixed Income

On the flip side, after a tough week last week, U.S. fixed-income ETFs managed to pull in $2.5 billion of new money this week despite nagging concerns about rising interest rates. The benchmark U.S. 10-year Treasury yield climbed from 3.14% to 3.2% during the period.

The iShares iBoxx USD High Yield Corporate Bond ETF (HYG) and the SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (BIL) were among the fixed-income ETFs to see interest this week

At the same time, international equity ETFs garnered favor also. The group as a whole registered net inflow of $2.8 billion, led by the iShares Core MSCI Total International Stock ETF (IXUS) and the iShares MSCI Japan ETF (EWJ).

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
QQQ Invesco QQQ Trust 1,905.53 70,126.82 2.72%
HYG iShares iBoxx USD High Yield Corporate Bond ETF 1,827.21 14,938.24 12.23%
IXUS iShares Core MSCI Total International Stock ETF 1,075.80 11,865.84 9.07%
EWJ iShares MSCI Japan ETF 649.02 17,624.92 3.68%
BIL SPDR Bloomberg Barclays 1-3 Month T-Bill ETF 448.34 4,460.57 10.05%
GLD SPDR Gold Trust 389.70 29,582.14 1.32%
IGV iShares North American Tech-Software ETF 389.58 2,247.95 17.33%
USMV iShares Edge MSCI Min Vol U.S.A. ETF 366.22 16,768.57 2.18%
ACWI iShares MSCI ACWI ETF 355.12 8,902.05 3.99%
IVV iShares Core S&P 500 ETF 310.59 160,683.82 0.19%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 ETF Trust -11,454.11 264,375.29 -4.33%
XLF Financial Select Sector SPDR Fund -764.28 29,772.81 -2.57%
IWM iShares Russell 2000 ETF -639.94 47,208.30 -1.36%
DIA SPDR Dow Jones Industrial Average ETF Trust -597.50 22,354.56 -2.67%
XLK Technology Select Sector SPDR Fund -500.37 20,534.94 -2.44%
MDY SPDR S&P Midcap 400 ETF Trust -497.74 19,631.02 -2.54%
AMJ J.P. Morgan Alerian MLP Index ETN -436.65 3,237.97 -13.49%
XLE Energy Select Sector SPDR Fund -405.57 17,073.88 -2.38%
EFA iShares MSCI EAFE ETF -383.53 66,265.57 -0.58%
IBB iShares NASDAQ Biotechnology ETF -297.91 8,965.27 -3.32%

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -10,589.47 2,081,260.73 -0.51%
International Equity 2,768.32 760,654.37 0.36%
U.S. Fixed Income 2,486.98 561,397.50 0.44%
International Fixed Income -55.55 65,555.65 -0.08%
Commodities  649.14 61,675.11 1.05%
Currency 7.84 1,105.03 0.71%
Leveraged 719.18 36,888.10 1.95%
Inverse -284.75 13,034.77 -2.18%
Asset Allocation -7.06 9,207.03 -0.08%
Alternatives -72.69 4,824.98 -1.51%
Total: -4,378.05 3,595,603.27 -0.12%

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 88,487.00 2,081,260.73 4.25%
International Equity 40,770.13 760,654.37 5.36%
U.S. Fixed Income 54,759.51 561,397.50 9.75%
International Fixed Income 10,025.50 65,555.65 15.29%
Commodities ETFs -628.09 61,675.11 -1.02%
Currency -77.47 1,105.03 -7.01%
Leveraged 5,020.01 36,888.10 13.61%
Inverse 2,263.99 13,034.77 17.37%
Asset Allocation 677.28 9,207.03 7.36%
Alternatives 474.46 4,824.98 9.83%
Total: 201,772.32 3,595,603.27 5.61%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
RIGS RiverFront Strategic Income Fund 143,758 916,359 637.43%
DIVC C-Tracks ETN - Miller/Howard Strategic Dividend Reinvestor 57 350 617.65%
ONEY SPDR Russell 1000 Yield Focus 5,655 29,186 516.09%
TLH iShares 10-20 Year Treasury Bond ETF 67,590 301,061 445.43%
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 10,690 34,095 318.93%
JKH iShares Morningstar Mid-Cap Growth ETF 8,816 24,420 276.98%
DVP Deep Value ETF 24,811 66,135 266.55%
CSF VictoryShares U.S. Discovery Enhanced Volatility Wtd Index ETF 14,171 37,642 265.62%
SIZE iShares Edge MSCI U.S.A. Size Factor ETF 6,857 15,069 219.75%
CIZ VictoryShares Developed Enhanced Volatility Wtd Index ETF 22,494 46,442 206.47%

 

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

Reset All