Weekly Flows Positive Despite Market Turmoil

December 28, 2018

With only two trading sessions unaccounted for, ETFs are on track to collect their second-largest annual inflow ever in 2018. Following this week’s $2.5 worth of inflows, the year-to-date inflows total for U.S.-listed ETFs rose to $309 billion, second only to 2017’s $476.1 billion haul.

In impressive fashion, ETFs had strong inflows throughout December, even as the U.S. stock market tumbled relentlessly. The S&P 500 briefly fell 20% below its all-time highs, spooked by global growth concerns spurred on by the U.S.-China trade war, Brexit and Fed rate hikes.

During this week specifically—the final full trading week of the year—investors pulled a modest $3.8 billion from U.S. equity ETFs. But inflows for international equity and U.S. fixed-income ETFs more than made up for that.

The SPDR S&P 500 ETF Trust (SPY), with $8.4 billion worth of inflows, and the iShares Short Treasury Bond ETF (SHV), with $2.1 billion worth of inflows, were two of the biggest winners during the week.

On the other hand, the Vanguard S&P 500 ETF (VOO) and the SPDR Bloomberg Barclays High Yield Bond ETF (JNK) shed assets.

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 8,375.76 243,625.80 3.44%
QQQ Invesco QQQ Trust 2,375.54 61,292.54 3.88%
SHV iShares Short Treasury Bond ETF 2,072.28 20,164.49 10.28%
IVV iShares Core S&P 500 ETF 1,121.02 146,254.64 0.77%
IWM iShares Russell 2000 ETF 1,039.47 41,027.84 2.53%
SHY iShares 1-3 Year Treasury Bond ETF 808.51 20,475.83 3.95%
GLD SPDR Gold Trust 750.90 31,931.67 2.35%
IWB iShares Russell 1000 ETF 657.11 17,016.94 3.86%
ACWI iShares MSCI ACWI ETF 489.57 10,096.11 4.85%
BIL SPDR Bloomberg Barclays 1-3 Month T-Bill ETF 470.72 8,294.80 5.67%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
VOO Vanguard S&P 500 ETF -3,415.34 88,692.10 -3.85%
IVW iShares S&P 500 Growth ETF -2,372.95 19,512.75 -12.16%
IVE iShares S&P 500 Value ETF -1,656.78 14,290.49 -11.59%
IJS iShares S&P Small-Cap 600 Value ETF -867.06 5,277.38 -16.43%
RPG Invesco S&P 500 Pure Growth ETF -749.00 1,982.91 -37.77%
VTV Vanguard Value ETF -741.31 40,378.15 -1.84%
JNK SPDR Bloomberg Barclays High Yield Bond ETF -701.71 6,714.91 -10.45%
IJJ iShares S&P Mid-Cap 400 Value ETF -642.39 5,413.90 -11.87%
MDY SPDR S&P Midcap 400 ETF Trust -570.00 16,141.24 -3.53%
HYG iShares iBoxx USD High Yield Corporate Bond ETF -566.32 12,129.69 -4.67%

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -3,826.23 1,857,060.45 -0.21%
International Equity 2,838.25 723,009.43 0.39%
U.S. Fixed Income 3,228.07 585,550.12 0.55%
International Fixed Income -631.12 64,893.83 -0.97%
Commodities  921.99 61,757.05 1.49%
Currency 54.67 1,802.84 3.03%
Leveraged 152.18 28,342.93 0.54%
Inverse -610.02 12,510.94 -4.88%
Asset Allocation 143.99 9,201.98 1.56%
Alternatives 192.27 5,245.73 3.67%
Total: 2,464.06 3,349,375.31 0.07%

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 132,933.28 1,857,060.45 7.16%
International Equity 69,099.59 723,009.43 9.56%
U.S. Fixed Income 85,396.97 585,550.12 14.58%
International Fixed Income 10,241.44 64,893.83 15.78%
Commodities  647.94 61,757.05 1.05%
Currency -56.99 1,802.84 -3.16%
Leveraged 7,726.56 28,342.93 27.26%
Inverse 1,105.56 12,510.94 8.84%
Asset Allocation 1,395.71 9,201.98 15.17%
Alternatives 503.15 5,245.73 9.59%
Total: 308,993.20 3,349,375.31 9.23%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
QLTA iShares Aaa-A Rated Corporate Bond ETF 50,316 342,427 680.56%
FRAK VanEck Vectors Unconventional Oil & Gas ETF 119,183 777,869 652.67%
EZJ ProShares Ultra MSCI Japan 2,829 14,689 519.18%
GNMA iShares GNMA Bond ETF 26,095 115,435 442.36%
USRT iShares Core U.S. REIT ETF 333,725 1,450,641 434.68%
ONEV SPDR Russell 1000 Low Volatility Focus 7,780 31,296 402.26%
ACSI American Customer Satisfaction ETF 5,210 18,891 362.56%
JPMF JPMorgan Managed Futures Strategy ETF 2,897 10,379 358.30%
BEMO Aptus Behavioral Momentum ETF 13,765 48,735 354.04%
DBJP Xtrackers MSCI Japan Hedged Equity ETF 522,368 1,698,696 325.19%

 

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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