Weekly Flows Rebound To $6B

November 02, 2018

Bargains and safety were the two themes investors embraced this week as volatility continued to slam markets. All told, investors added $6.6 billion to U.S.-listed ETFs during the week ending Thursday, Nov. 1, pushing year-to-date inflows up to $214 billion.

The S&P 500 briefly fell to a six-month low on Monday before rebounding on the back of bargain buying. Funds like the iShares Russell 1000 Value ETF (IWD), the Vanguard Total Stock Market ETF (VTI) and the iShares Core S&P 500 ETF (IVV) were favored by investors looking for low-cost exposure to U.S. stocks.

At the same time, investors rushed into short-term fixed-income ETFs, taking advantage of the safety and solid yields they provide, with minimal interest rate risk. The SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (BIL) and the iShares 1-3 Year Treasury Bond ETF (SHY) had inflows of $957 million and $839 million, respectively, during the week.

On the flip side, bond funds with more interest rate risk, such as the iShares Core U.S. Aggregate Bond ETF (AGG) and the iShares TIPS Bond ETF (TIP), were shunned as the U.S. 10-year Treasury yield eclipsed 3.2%, close to recent highs (bond yields and prices move inversely).

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
BIL SPDR Bloomberg Barclays 1-3 Month T-Bill ETF 956.87 5,320.35 17.99%
SHY iShares 1-3 Year Treasury Bond ETF 839.01 15,098.22 5.56%
IWD iShares Russell 1000 Value ETF 651.11 36,585.48 1.78%
VTI Vanguard Total Stock Market ETF 553.26 99,721.25 0.55%
IVV iShares Core S&P 500 ETF 549.02 158,362.35 0.35%
MINT PIMCO Enhanced Short Maturity Active ETF 497.58 11,413.31 4.36%
VOO Vanguard S&P 500 ETF 493.57 99,387.55 0.50%
SHV iShares Short Treasury Bond ETF 463.70 15,635.85 2.97%
XLB Materials Select Sector SPDR Fund 457.76 4,098.80 11.17%
GLD SPDR Gold Trust 439.66 29,709.15 1.48%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 ETF Trust -601.40 256,708.25 -0.23%
IWM iShares Russell 2000 ETF -455.96 44,641.10 -1.02%
AGG iShares Core U.S. Aggregate Bond ETF -376.88 52,577.99 -0.72%
BKLN Invesco Senior Loan ETF -369.26 6,685.63 -5.52%
IWB iShares Russell 1000 ETF -339.35 16,903.80 -2.01%
MDY SPDR S&P Midcap 400 ETF Trust -328.67 18,393.06 -1.79%
TIP iShares TIPS Bond ETF -327.34 22,223.15 -1.47%
RSP Invesco S&P 500 Equal Weight ETF -318.66 14,631.64 -2.18%
XLK Technology Select Sector SPDR Fund -294.48 19,678.72 -1.50%
IEFA iShares Core MSCI EAFE ETF -294.47 55,065.61 -0.53%

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 3,275.15 2,013,343.54 0.16%
International Equity -34.07 738,883.44 -0.00%
U.S. Fixed Income 2,455.83 561,226.06 0.44%
International Fixed Income 94.78 65,500.29 0.14%
Commodities  178.65 60,805.65 0.29%
Currency 33.28 1,133.98 2.93%
Leveraged 622.08 35,134.65 1.77%
Inverse -58.46 13,339.00 -0.44%
Asset Allocation -7.80 8,971.82 -0.09%
Alternatives 88.32 4,814.52 1.83%
Total: 6,647.76 3,503,152.93 0.19%

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 95,290.22 2,013,343.54 4.73%
International Equity 41,580.07 738,883.44 5.63%
U.S. Fixed Income 57,776.83 561,226.06 10.29%
International Fixed Income 10,281.41 65,500.29 15.70%
Commodities  -283.37 60,805.65 -0.47%
Currency -33.19 1,133.98 -2.93%
Leveraged 6,561.42 35,134.65 18.68%
Inverse 1,939.16 13,339.00 14.54%
Asset Allocation 661.63 8,971.82 7.37%
Alternatives 273.81 4,814.52 5.69%
Total: 214,047.99 3,503,152.93 6.11%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
COMT iShares Commodities Select Strategy ETF 122,986 588,277 478.33%
USVM USAA MSCI USA Small Cap Value Momentum Blend Index ETF 8,303 37,183 447.83%
FXF Invesco CurrencyShares Swiss Franc Trust 14,740 43,894 297.79%
LTPZ PIMCO 15+ Year US TIPS Index ETF 28,624 89,783 313.66%
JPEU JPMorgan Diversified Return Europe Equity ETF 1,712 4,791 279.81%
EMTL SPDR DoubleLine Emerging Markets Fixed Income ETF 6,909 17,281 250.13%
XMX WisdomTree Global ex-Mexico Equity Fund 23,870 43,376 181.72%
RYU Invesco S&P 500 Equal Weight Utilities ETF 11,904 33,881 284.62%
ULVM USAA MSCI USA Value Momentum Blend Index ETF 9,789 22,998 234.94%
IQDG WisdomTree International Quality Dividend Growth 15,193 38,884 255.94%

 

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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