ETF Inflows Surpass Last Year

June 28, 2019

The Fed’s dovish shift continued to reverberate throughout the markets this week, as investors threw another hefty sum into U.S.-listed ETFs. On net, $10.7 billion flowed into the space, with a relatively even split going into equities and fixed income products.

This week’s inflows added to last week’s strong $28.7 billion haul, and pushed year-to-date inflows up to $132.9 billion, ahead of last year’s $129.4 billion pace.

In last week’s Fed meeting, the U.S. central bank strongly hinted that it might cut interest rates soon, buoying prices for financial assets across the board. That’s resulted in investors buying up ETFs of all stripes, from equities to bonds to commodities.

For the week ending Thursday, June 27, $3.3 billion flowed into U.S. equity ETFs; $619 million went into international equity ETFs; $4.8 billion headed for U.S. fixed income ETFs and $1.7 billion entered commodity ETFs.

Investors Hop Into ‘GLD’

On the inflows side, three Russell equity ETFs topped the list, including the iShares Russell 1000 Value ETF (IWD), with a stellar $4.8 billion haul.

Also popular was the SPDR Gold Trust (GLD), which took in $1.4 billion, as gold prices surged to a six-year high above $1,420/oz.

Meanwhile, the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) and the iShares iBoxx USD Investment Grade Corporate bond ETF (LQD) were the biggest fixed income flows winners of the week, each with creations of more than $1.2 billion.

Big Outflows For ‘IVV’

On the outflows side, the iShares Core S&P 500 ETF (IVV), a product popular among long-term investors, registered outflows of $6.5 billion.

The First Trust Cloud Computing ETF (SKYY) also made the outflows list, with redemptions of $1.1 billion, reversing an equally large inflow last week in what is likely a “heartbeat trade.” 

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
IWD iShares Russell 1000 Value ETF 4,795.68 43,210.86 11.10%
IWF iShares Russell 1000 Growth ETF 3,880.25 48,168.03 8.06%
IWP iShares Russell Mid-Cap Growth ETF 1,716.89 12,427.84 13.81%
HYG iShares iBoxx USD High Yield Corporate Bond ETF 1,498.14 17,450.60 8.59%
GLD SPDR Gold Trust 1,400.95 35,911.53 3.90%
IWS iShares Russell Mid-Cap Value ETF 1,294.63 11,821.00 10.95%
QQQ Invesco QQQ Trust 1,239.08 74,085.07 1.67%
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF 1,233.88 36,578.73 3.37%
IWR iShares Russell Mid-Cap ETF 1,120.52 20,302.97 5.52%
IWN iShares Russell 2000 Value ETF 1,078.38 9,726.84 11.09%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
IVV iShares Core S&P 500 ETF -6,494.47 174,668.50 -3.72%
VO Vanguard Mid-Cap ETF -1,671.79 25,827.94 -6.47%
IWM iShares Russell 2000 ETF -1,335.88 40,825.45 -3.27%
VCIT Vanguard Intermediate-Term Corporate Bond ETF -1,207.03 23,882.15 -5.05%
SKYY First Trust Cloud Computing ETF -1,089.06 2,160.91 -50.40%
HDV iShares Core High Dividend ETF -937.49 7,265.36 -12.90%
VUG Vanguard Growth ETF -869.84 40,647.75 -2.14%
EFA iShares MSCI EAFE ETF -628.10 60,620.46 -1.04%
RSP Invesco S&P 500 Equal Weight ETF -626.38 15,892.95 -3.94%
VB Vanguard Small-Cap ETF -579.81 24,699.40 -2.35%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 3,291.29 2,231,504.98 0.15%
International Equity 618.77 822,812.37 0.08%
U.S. Fixed Income 4,825.64 684,498.10 0.70%
International Fixed Income 854.62 77,485.75 1.10%
Commodities  1,657.13 68,563.87 2.42%
Currency -56.39 1,443.10 -3.91%
Leveraged -937.18 37,299.25 -2.51%
Inverse 402.09 11,980.17 3.36%
Asset Allocation 50.34 9,647.74 0.52%
Alternatives -22.51 4,659.73 -0.48%
Total: 10,683.81 3,949,895.06 0.27%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 49,653.36 2,231,504.98 2.23%
International Equity 8,436.11 822,812.37 1.03%
U.S. Fixed Income 66,127.98 684,498.10 9.66%
International Fixed Income 8,233.76 77,485.75 10.63%
Commodities  194.93 68,563.87 0.28%
Currency -352.11 1,443.10 -24.40%
Leveraged -3,214.93 37,299.25 -8.62%
Inverse 3,286.98 11,980.17 27.44%
Asset Allocation -219.81 9,647.74 -2.28%
Alternatives 716.29 4,659.73 15.37%
Total: 132,862.55 3,949,895.06 3.36%

 

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
DVEM WisdomTree Emerging Markets Dividend 7,540 23,862 316.45%
JMIN JPMorgan U.S. Minimum Volatility ETF 49,788 140,019 281.23%
IGRO iShares International Dividend Growth ETF 8,621 27,847 323.00%
JMBS Janus Henderson Mortgage-Backed Securities ETF 4,898 12,938 264.17%
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 14,311 43,396 303.24%
FLQE Franklin LibertyQ Emerging Markets ETF 22,709 75,791 333.75%
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 119,742 406,214 339.24%
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 103,845 344,418 331.67%
FIBR iShares Edge U.S. Fixed Income Balanced Risk ETF 17,989 47,015 261.36%
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund 9,718 15,384 158.30%

 

 

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.

Find your next ETF

Reset All