'GOVT’ Bolsters Weekly ETF Inflows

April 12, 2019

Fresh six-month highs in the U.S. stock market encouraged investors to plow $9 billion into U.S.-listed ETFs this week, including $7.5 billion into U.S. equity ETFs.

The S&P 500 broke above the 2,900 level for the first time since last October, buoyed by a solid start to the corporate earnings season and fading concerns about economic growth and interest rates.

The U.S. 10-year Treasury yield spiked to a three-week high near 2.55%. Investors responded by putting $1.3 billion into U.S. fixed-income ETFs this week.

Year-to-date net inflows for all ETFs now stand at $68.2 billion, compared to $71.2 billion at this same time last year.

‘SPY’ Beats Out ‘GOVT’

A familiar sight on top of the leaderboard was the SPDR S&P 500 ETF Trust (SPY). Its $3.4 billion in inflows easily outpaced the rest of the pack.

Coming in at No. 2 was a less familiar fund, the iShares U.S. Treasury Bond ETF (GOVT), which picked up $869 million.

The JPMorgan BetaBuilders Canada ETF (BBCA) and the JPMorgan BetaBuilders Europe ETF (BBEU) also were in favor, with inflows of $700 million and $626 million, respectively.

Outflows

On the outflows side, the iShares MSCI EAFE ETF (EFA) shed the most assets—$1.5 billion. It was followed by the iShares 1-3 Year Treasury Bond ETF (SHY), the iShares JP Morgan USD Emerging Markets Bond ETF (EMB) and the iShares Global Tech ETF (IXN).

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 3,389.91 275,591.95 1.23%
GOVT iShares U.S. Treasury Bond ETF 869.38 9,504.18 9.15%
IVV iShares Core S&P 500 ETF 812.35 175,013.02 0.46%
BBCA JPMorgan BetaBuilders Canada ETF 700.07 3,445.01 20.32%
BBEU JPMorgan BetaBuilders Europe ETF 625.79 4,106.64 15.24%
XLF Financial Select Sector SPDR Fund 558.48 23,527.34 2.37%
VOO Vanguard S&P 500 ETF 542.47 110,402.31 0.49%
IEFA iShares Core MSCI EAFE ETF 433.60 61,856.29 0.70%
IGSB iShares Short-Term Corporate Bond ETF 249.73 10,947.84 2.28%
ITOT iShares Core S&P Total U.S. Stock Market ETF 209.38 19,380.55 1.08%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
EFA iShares MSCI EAFE ETF -1,467.76 63,185.62 -2.32%
SHY iShares 1-3 Year Treasury Bond ETF -712.84 19,367.86 -3.68%
EMB iShares JP Morgan USD Emerging Markets Bond ETF -690.81 16,509.80 -4.18%
IXN iShares Global Tech ETF -335.05 2,592.83 -12.92%
VGSH Vanguard Short-Term Treasury Index ETF -304.23 4,568.46 -6.66%
FTC First Trust Large Cap Growth AlphaDEX Fund -274.32 981.22 -27.96%
SCHO Schwab Short-Term U.S. Treasury ETF -207.63 5,219.45 -3.98%
IJR iShares Core S&P Small Cap ETF -205.39 44,177.54 -0.46%
NEAR iShares Short Maturity Bond ETF -203.14 6,195.24 -3.28%
GLD SPDR Gold Trust -195.51 31,804.69 -0.61%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 7,528.13 2,204,450.20 0.34%
International Equity 845.96 839,943.08 0.10%
U.S. Fixed Income 1,341.12 638,786.74 0.21%
International Fixed Income -513.35 74,351.97 -0.69%
Commodities  -99.13 64,259.50 -0.15%
Currency 27.81 1,501.29 1.85%
Leveraged -251.16 38,793.59 -0.65%
Inverse 160.55 11,706.82 1.37%
Asset Allocation -5.42 9,532.24 -0.06%
Alternatives -50.25 4,769.17 -1.05%
Total: 8,984.26 3,888,094.60 0.23%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 21,016.04 2,204,450.20 0.95%
International Equity 8,921.73 839,943.08 1.06%
U.S. Fixed Income 32,306.89 638,786.74 5.06%
International Fixed Income 6,535.48 74,351.97 8.79%
Commodities  -1,113.05 64,259.50 -1.73%
Currency -287.24 1,501.29 -19.13%
Leveraged -2,304.87 38,793.59 -5.94%
Inverse 2,992.08 11,706.82 25.56%
Asset Allocation -572.87 9,532.24 -6.01%
Alternatives 693.94 4,769.17 14.55%
Total: 68,188.14 3,888,094.60 1.75%

 

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
NUAG Nuveen Enhanced Yield U.S. Aggregate Bond ETF 42,574 178,658 419.64%
IOO iShares Global 100 ETF 133,812 459,607 343.47%
MXI iShares Global Materials ETF 44,699 157,937 353.33%

BLHY

Virtus Newfleet Dynamic Credit ETF

11,023

27,504

249.52%

IBDT

iShares iBonds Dec 2028 Term Corporate ETF

14,308

31,498

220.15%

GBF iShares Government/Credit Bond ETF 38,457 84,381 219.42%
FAB First Trust Multi Cap Value AlphaDEX Fund 4,049 7,686 189.80%

VFH

Vanguard Financials ETF

717,391

1,338,797

186.62%

FEP

First Trust Europe AlphaDEX Fund

102,530

175,268

170.94%

SCJ iShares MSCI Japan Small-Cap ETF 144,977 233,624 161.15%

 

 

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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