Int’l ETFs Pace Modest Weekly Inflows

February 08, 2019

A ho-hum week for stock markets equaled a ho-hum week for ETF flows. All told, about $1.5 billion flowed into U.S.-listed ETFs during the week ending Thursday, Feb. 7, according to the latest data from FactSet.

Notably, investors continued to pull money out of U.S. equity ETFs. That segment shed $2.2 billion in assets this week, after seeing $27.1 billion in outflows in January.

Making up for the outflows from U.S. equity ETFs were international equity and international fixed-income funds. They picked up $2.2 billion and $3.1 billion, respectively.

YTD Inflows Flat

Putting it all together, net inflows for all U.S.-listed ETFs for 2019 thus far are $53 million—essentially flat.

Pacing the good week for international ETFs were funds like the Vanguard FTSE Emerging Markets ETF (VWO), the Vanguard Total International Bond ETF (BNDX) and the iShares JP Morgan USD Emerging Markets Bond ETF (EMB).

On the other hand, investors shunned U.S. ETFs like the Invesco QQQ Trust (QQQ), the SPDR S&P Dividend ETF (SDY) and the iShares 1-3 Year Treasury Bond ETF (SHY).

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
VWO Vanguard FTSE Emerging Markets ETF 1,607.25 62,014.75 2.59%
BNDX Vanguard Total International Bond ETF 1,557.24 14,912.77 10.44%
VNQ Vanguard Real Estate ETF 1,175.74 31,861.91 3.69%
EMB iShares JP Morgan USD Emerging Markets Bond ETF 1,154.96 17,474.54 6.61%
IYR iShares U.S. Real Estate ETF 850.94 4,181.53 20.35%
HYG iShares iBoxx USD High Yield Corporate Bond ETF 821.22 14,931.99 5.50%
EEM iShares MSCI Emerging Markets ETF 767.16 34,131.85 2.25%
TLT iShares 20+ Year Treasury Bond ETF 613.24 10,823.96 5.67%
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF 590.89 32,087.67 1.84%
IEMG iShares Core MSCI Emerging Markets ETF 491.73 58,127.08 0.85%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
QQQ Invesco QQQ Trust -1,609.79 65,390.38 -2.46%
SDY SPDR S&P Dividend ETF -1,184.43 17,532.55 -6.76%
SHY iShares 1-3 Year Treasury Bond ETF -928.20 19,341.92 -4.80%
GLD SPDR Gold Trust -871.35 33,881.44 -2.57%
IWM iShares Russell 2000 ETF -800.02 42,571.42 -1.88%
XLF Financial Select Sector SPDR Fund -697.38 23,697.20 -2.94%
MTUM iShares Edge MSCI U.S.A. Momentum Factor ETF -581.79 8,225.81 -7.07%
IWD iShares Russell 1000 Value ETF -563.90 37,568.09 -1.50%
EFA iShares MSCI EAFE ETF -526.65 65,075.46 -0.81%
BSV Vanguard Short-Term Bond ETF -472.88 23,663.50 -2.00%

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -2,247.75 2,048,215.33 -0.11%
International Equity 2,168.65 816,090.26 0.27%
U.S. Fixed Income -369.97 597,295.24 -0.06%
International Fixed Income 3,075.67 72,422.79 4.25%
Commodities  -758.24 66,280.40 -1.14%
Currency -7.70 1,770.20 -0.43%
Leveraged 243.17 35,722.63 0.68%
Inverse -300.57 11,569.32 -2.60%
Asset Allocation -128.57 9,193.59 -1.40%
Alternatives -128.65 4,304.81 -2.99%
Total: 1,546.04 3,662,864.56 0.04%

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -27,120.01 2,048,215.33 -1.32%
International Equity 6,978.13 816,090.26 0.86%
U.S. Fixed Income 13,359.25 597,295.24 2.24%
International Fixed Income 5,364.48 72,422.79 7.41%
Commodities  1,187.78 66,280.40 1.79%
Currency -35.44 1,770.20 -2.00%
Leveraged -901.12 35,722.63 -2.52%
Inverse 1,745.40 11,569.32 15.09%
Asset Allocation -656.97 9,193.59 -7.15%
Alternatives 131.99 4,304.81 3.07%
Total: 53.49 3,662,864.56 0.00%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
JKH iShares Morningstar Mid-Cap Growth ETF 15,240 64,905 425.88%
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 76,334 244,795 320.69%
FAN First Trust Global Wind Energy ETF 28,656 78,655 274.48%
XT iShares Exponential Technologies ETF 192,214 502,712 261.54%
UCI ETRACS UBS Bloomberg Constant Maturity Commodity Index TR ETN 24,312 54,661 224.83%
JPGB JPMorgan Global Bond Opportunities ETF 15,403 30,789 199.89%
RVNU Xtrackers Municipal Infrastructure Revenue Bond ETF 6,943 12,826 184.73%
ENFR Alerian Energy Infrastructure ETF 28,851 50,921 176.50%
IBDS iShares iBonds Dec 2027 Term Corporate ETF 44,019 76,504 173.80%
ULVM USAA MSCI USA Value Momentum Blend Index ETF 12,653 18,967 149.90%

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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