2019 ETF Inflows Keeping Pace With 2018

July 12, 2019

New record highs in U.S. stocks corresponded with fresh inflows for U.S.-listed ETFs. On net, $10.9 billion flowed into the space during the week ending Thursday, July 11, according to the latest data from FactSet. Of that, $8.3 billion headed into U.S. equity ETFs and almost $2 billion went into U.S. fixed income ETFs.

The S&P 500 eclipsed the 3,000 level for the first time this week, after Fed Chairman Jerome Powell hinted the U.S. central bank will cut interest rates at the end of the month. The move was also supportive of sentiment in bond markets, even as the 10-year Treasury yield rallied modestly from multiyear lows.

Year-to-date inflows for all U.S.-listed ETFs now stand at $129.2 billion, close to last year’s $131.2 pace.

SPY Heads Inflows List

The usual suspects fueled this week’s inflows. The SPDR S&P 500 ETF Trust (SPY), the iShares Core S&P 500 ETF (IVV) and the Vanguard S&P 500 ETF (VOO) all made it to the top 10 inflows list.

At the same time, fixed income inflows were fueled by the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) and the iShares MBS ETF (MBB).

On the flip side, the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD) lost some assets this week, as did the Invesco Russell 1000 Dynamic Multifactor ETF (OMFL), the iShares 20+ Year Treasury Bond ETF (TLT), the iShares JP Morgan USD Emerging Markets Bond ETF (EMB) and the SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (BIL).

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 3,706.20 277,497.61 1.34%
HYG iShares iBoxx USD High Yield Corporate Bond ETF 833.31 18,814.32 4.43%
IVV iShares Core S&P 500 ETF 778.61 180,803.65 0.43%
VOO Vanguard S&P 500 ETF 707.32 118,001.67 0.60%
IWM iShares Russell 2000 ETF 661.31 43,110.12 1.53%
MBB iShares MBS ETF 558.45 17,435.03 3.20%
USMV iShares Edge MSCI Min Vol U.S.A. ETF 372.19 30,022.39 1.24%
VXF Vanguard Extended Market ETF 356.96 7,488.12 4.77%
XLB Materials Select Sector SPDR Fund 332.99 4,553.49 7.31%
IWO iShares Russell 2000 Growth ETF 252.71 9,263.45 2.73%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF -816.11 36,115.23 -2.26%
OMFL Invesco Russell 1000 Dynamic Multifactor ETF -696.36 1,036.41 -67.19%
XLK Technology Select Sector SPDR Fund -328.20 21,347.69 -1.54%
XLF Financial Select Sector SPDR Fund -239.85 24,593.82 -0.98%
IYR iShares U.S. Real Estate ETF -238.31 4,395.72 -5.42%
TLT iShares 20+ Year Treasury Bond ETF -237.05 13,647.23 -1.74%
XLP Consumer Staples Select Sector SPDR Fund -224.94 11,889.08 -1.89%
EMB iShares JP Morgan USD Emerging Markets Bond ETF -202.85 15,692.61 -1.29%
BIL SPDR Bloomberg Barclays 1-3 Month T-Bill ETF -169.18 9,243.72 -1.83%
IWF iShares Russell 1000 Growth ETF -161.03 45,902.22 -0.35%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 8,265.24 2,284,241.93 0.36%
International Equity 522.61 831,757.56 0.06%
U.S. Fixed Income 1,967.00 686,661.01 0.29%
International Fixed Income 201.01 78,377.33 0.26%
Commodities 74.36 69,094.29 0.11%
Currency 25.81 1,443.63 1.79%
Leveraged -400.72 38,787.42 -1.03%
Inverse 342.47 11,838.86 2.89%
Asset Allocation 6.84 9,760.12 0.07%
Alternatives -106.18 4,604.02 -2.31%
Total: 10,898.44 4,016,566.18 0.27%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 41,312.86 2,284,241.93 1.81%
International Equity 9,636.96 831,757.56 1.16%
U.S. Fixed Income 68,553.65 686,661.01 9.98%
International Fixed Income 8,926.67 78,377.33 11.39%
Commodities  514.21 69,094.29 0.74%
Currency -346.26 1,443.63 -23.99%
Leveraged -3,716.75 38,787.42 -9.58%
Inverse 3,706.77 11,838.86 31.31%
Asset Allocation -198.91 9,760.12 -2.04%
Alternatives 792.12 4,604.02 17.20%
Total: 129,181.31 4,016,566.18 3.22%

 

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
AWTM Aware Ultra-Short Duration Enhanced Income ETF 8,972 46,932 523.10%
JHEM John Hancock Multifactor Emerging Markets ETF 9,681 37,467 387.03%
UIVM VictoryShares USAA MSCI International Value Momentum ETF 13,392 63,737 475.92%
FEU SPDR STOXX Europe 50 ETF 79,760 230,362 288.82%
FLJP Franklin FTSE Japan ETF 20,409 58,716 287.69%
FEMB First Trust Emerging Markets Local Currency Bond ETF 29,245 80,418 274.98%
ISRA VanEck Vectors Israel ETF 1,869 4,014 214.76%
IHY VanEck Vectors International High Yield Bond ETF 18,617 45,502 244.41%
DWFI SPDR Dorsey Wright Fixed Income Allocation ETF 14,847 36,801 247.87%
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 4,799 10,468 218.11%

 

Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
BDRY Breakwave Dry Bulk Shipping ETF 5.91% 123,453 3.58
EWZS iShares MSCI Brazil Small-Cap ETF 5.35% 406,631 96.05
OILX ETRACS S&P GSCI Crude Oil Total Return ETN 4.86% 6,156 3.59
USO United States Oil Fund LP 4.85% 90,039,435 1,432.41
OIL iPath Series B S&P GSCI Crude Oil ETN 4.82% 36,220 92.44
OILK ProShares K-1 Free Crude Oil Strategy ETF 4.70% 30,098 12.02
FBZ First Trust Brazil AlphaDEX Fund 4.66% 83,650 150.15
JJN iPath Series B Bloomberg Nickel Subindex Total Return ETN 4.47% 8,873 8.17
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN 4.22% 17,365 8.21
UGA United States Gasoline Fund LP 4.19% 80,249 41.06

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
TAN Invesco Solar ETF 56.66% -0.68% 398.43
PTF Invesco DWA Technology Momentum ETF 46.99% 1.90% 243.57
ARGT Global X MSCI Argentina ETF 44.78% 2.46% 99.86
AGT iShares MSCI Argentina and Global Exposure ETF 44.37% 2.21% 27.35
ARKG ARK Genomic Revolution ETF 43.95% 0.38% 462.81
UGA United States Gasoline Fund LP 43.39% 4.19% 41.06
PBW Invesco WilderHill Clean Energy ETF 41.90% -0.82% 177.20
CHIS Global X MSCI China Consumer Staples ETF 41.02% 0.92% 2.04
GREK Global X MSCI Greece ETF 40.04% -3.32% 392.85
IPO Renaissance IPO ETF 39.88% 0.93% 58.42

 

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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