‘SKYY’ Leads Weekly Inflows To $29B

June 21, 2019

Record highs in the U.S. stock market were met by strong inflows for U.S.-listed ETFs. Investors added an impressive $28.7 billion to ETFs during the week ending Thursday, June 20, as the S&P 500 closed at its highest level ever.

Unsurprisingly, most of that money—$22.4 billion—went into U.S. equity ETFs. But international equity ETFs and U.S. fixed income ETFs also had solid inflows.

The week’s strong showing helped push overall year-to-date inflows for 2019 up to $122.1 billion, a bit below last year’s $142.5 billion pace.

‘SKYY’ Flies Onto Top Inflows List

A dovish conclusion to the Federal Reserve meeting on Wednesday and confirmation that President Trump will meet with China’s President Xi Jinping at the G-20 next week bolstered investor confidence in equities.

Low-cost Vanguard funds like the Vanguard Mid-Cap ETF (VO), the Vanguard Growth ETF (VUG) and the Vanguard S&P 500 ETF (VOO) were among the biggest flows winners of the week.

However, perhaps the biggest standout was the First Trust Cloud Computing ETF (SKYY), which picked up $1.1 billion in fresh assets, bringing its AUM to more than $3.3 billion. SKYY holds companies focused on the red-hot cloud computing/SaaS industry.

‘LQD’ Offsets Outflows From Other Bond ETFs

Meanwhile, fixed income ETFs remained popular with investors despite the surge in stocks. Bonds rallied to new multiyear highs and interest rates plunged, with the 10-year Treasury briefly falling below 2% amid growing expectations the Fed will cut rates in July.

The iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), with $1.4 billion in weekly inflows, was the most popular fixed income ETF of the week. It helped offset hefty outflows from other bond funds like the SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (BIL) 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
VO Vanguard Mid-Cap ETF 1,799.36 27,821.58 6.47%
IVV iShares Core S&P 500 ETF 1,756.44 181,931.26 0.97%
VUG Vanguard Growth ETF 1,439.27 41,883.42 3.44%
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF 1,354.72 35,156.73 3.85%
IWM iShares Russell 2000 ETF 1,342.77 43,191.30 3.11%
SKYY First Trust Cloud Computing ETF 1,082.03 3,304.70 32.74%
IEFA iShares Core MSCI EAFE ETF 1,026.53 64,851.31 1.58%
HDV iShares Core High Dividend ETF 980.05 8,208.84 11.94%
VOO Vanguard S&P 500 ETF 918.52 114,919.13 0.80%
VTI Vanguard Total Stock Market ETF 795.86 115,649.44 0.69%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
EFA iShares MSCI EAFE ETF -816.69 60,899.25 -1.34%
BIL SPDR Bloomberg Barclays 1-3 Month T-Bill ETF -507.99 9,437.73 -5.38%
XLV Health Care Select Sector SPDR Fund -467.82 18,420.20 -2.54%
VWO Vanguard FTSE Emerging Markets ETF -442.36 62,821.71 -0.70%
SHY iShares 1-3 Year Treasury Bond ETF -414.84 17,729.18 -2.34%
GOVT iShares U.S. Treasury Bond ETF -384.18 10,747.13 -3.57%
IEF iShares 7-10 Year Treasury Bond ETF -350.32 16,035.63 -2.18%
XLK Technology Select Sector SPDR Fund -316.37 21,176.81 -1.49%
EEM iShares MSCI Emerging Markets ETF -242.37 31,660.47 -0.77%
GDXJ VanEck Vectors Junior Gold Miners ETF -180.44 3,822.13 -4.72%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 22,432.25 2,249,184.45 1.00%
International Equity 1,514.96 818,153.84 0.19%
U.S. Fixed Income 3,602.61 679,109.26 0.53%
International Fixed Income 776.78 76,353.11 1.02%
Commodities  390.92 64,141.73 0.61%
Currency -58.98 1,490.19 -3.96%
Leveraged -310.71 37,809.82 -0.82%
Inverse 226.13 11,670.17 1.94%
Asset Allocation 29.79 9,557.53 0.31%
Alternatives 126.23 4,646.38 2.72%
Total: 28,729.98 3,952,116.47 0.73%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 46,362.03 2,249,184.45 2.06%
International Equity 7,817.34 818,153.84 0.96%
U.S. Fixed Income 61,302.34 679,109.26 9.03%
International Fixed Income 7,379.14 76,353.11 9.66%
Commodities  -1,462.21 64,141.73 -2.28%
Currency -295.72 1,490.19 -19.84%
Leveraged -2,276.49 37,809.82 -6.02%
Inverse 2,885.07 11,670.17 24.72%
Asset Allocation -343.12 9,557.53 -3.59%
Alternatives 738.80 4,646.38 15.90%
Total: 122,107.18 3,952,116.47 3.09%

 

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
FLBL Franklin Liberty Senior Loan ETF 689 4,447 645.25%
PGF Invesco Financial Preferred ETF 408,592 1,675,501 410.07%
PXLV Invesco Russell Top 200 Pure Value ETF 12,269 43,183 351.98%
MLPX Global X MLP & Energy Infrastructure ETF 318,979 1,115,254 349.63%
MIDU Direxion Daily Mid Cap Bull 3x Shares 61,095 137,160 224.50%
ELD WisdomTree Emerging Markets Local Debt Fund 25,307 82,156 324.64%
NULV Nuveen ESG Large-Cap Value ETF 25,403 56,011 220.49%
ONEO SPDR Russell 1000 Momentum Focus 7,616 15,656 205.57%
ULST SPDR SSgA Ultra Short Term Bond ETF 85,970 166,746 193.96%
ICVT iShares Convertible Bond ETF 41,037 80,178 195.38%

 

 

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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