Weekly ETF Outflows A Hefty $17.4B

August 09, 2019

A down week on Wall Street led to a down week for ETF flows. Fresh trade-war-induced economic worries pushed the S&P 500 sharply lower early this week as ETF investors pulled $17.4 billion from U.S.-listed ETFs.

The data, which measures the week ending Thursday, Aug. 8, showed outflows of $10.9 billion from U.S. equity ETFs and outflows of $5 billion for international equity ETFs.

ETFs like the SPDR S&P 500 ETF Trust (SPY) and the iShares MSCI Emerging Markets ETF (EEM) had the largest redemptions this week, partially offset by inflows for funds like the iShares Core S&P 500 ETF (IVV), the iShares Edge MSCI Min Vol U.S.A. ETF (USMV) and the SPDR Gold Trust (GLD).

The S&P 500 dropped 3% on Monday, its biggest one-day loss of the year, before rebounding over the next few days.

Continued escalation of the U.S.-China trade war and deteriorating economic data around the world had investors feeling anxious. In turn, bets that the Federal Reserve will keep cutting rates next month picked up, and the U.S. 10-year Treasury yield briefly fell below 1.6% on Wednesday before rebounding to last trade around 1.73%.

Investors took $2.2 billion out of U.S. fixed income ETFs, but the segment still has strong net inflows of $71.6 billion for the year as a whole.

Combining all ETFS, year-to-date net inflows now stand at $129.8 billion, behind last year’s pace of $155.6 billion.

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
IVV iShares Core S&P 500 ETF 2,860.64 179,427.57 1.59%
VOO Vanguard S&P 500 ETF 1,019.62 116,241.38 0.88%
XLP Consumer Staples Select Sector SPDR Fund 901.66 13,210.63 6.83%
USMV iShares Edge MSCI Min Vol U.S.A. ETF 890.54 31,363.65 2.84%
GLD SPDR Gold Trust 550.44 40,650.99 1.35%
XLK Technology Select Sector SPDR Fund 486.74 21,626.88 2.25%
USHY iShares Broad USD High Yield Corporate Bond ETF 443.36 1,859.48 23.84%
IJH iShares Core S&P Mid-Cap ETF 401.82 49,170.91 0.82%
BND Vanguard Total Bond Market ETF 377.08 43,311.00 0.87%
ITOT iShares Core S&P Total U.S. Stock Market ETF 338.41 21,246.08 1.59%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 ETF Trust -10,714.08 256,916.39 -4.17%
EEM iShares MSCI Emerging Markets ETF -2,828.68 26,312.43 -10.75%
QQQ Invesco QQQ Trust -2,786.09 69,935.96 -3.98%
IWM iShares Russell 2000 ETF -1,820.92 39,609.18 -4.60%
HYG iShares iBoxx USD High Yield Corporate Bond ETF -1,708.08 16,636.36 -10.27%
XLF Financial Select Sector SPDR Fund -1,657.90 22,227.46 -7.46%
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF -1,106.17 35,562.99 -3.11%
IEMG iShares Core MSCI Emerging Markets ETF -1,046.24 52,984.84 -1.97%
VCIT Vanguard Intermediate-Term Corporate Bond ETF -715.38 23,480.88 -3.05%
JNK SPDR Bloomberg Barclays High Yield Bond ETF -576.25 8,789.07 -6.56%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -10,932.44 2,205,934.53 -0.50%
International Equity -4,978.03 785,643.77 -0.63%
U.S. Fixed Income -2,233.85 697,136.68 -0.32%
International Fixed Income 152.53 79,992.62 0.19%
Commodities  763.93 75,250.33 1.02%
Currency -26.38 1,428.99 -1.85%
Leveraged 211.37 35,779.14 0.59%
Inverse -203.87 12,271.33 -1.66%
Asset Allocation 172.15 9,754.08 1.76%
Alternatives -302.42 4,706.42 -6.43%
Total: -17,377.00 3,907,897.89 -0.44%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 42,787.52 2,205,934.53 1.94%
International Equity 3,987.46 785,643.77 0.51%
U.S. Fixed Income 71,591.53 697,136.68 10.27%
International Fixed Income 9,802.23 79,992.62 12.25%
Commodities  3,148.46 75,250.33 4.18%
Currency -360.47 1,428.99 -25.23%
Leveraged -5,443.21 35,779.14 -15.21%
Inverse 3,644.79 12,271.33 29.70%
Asset Allocation -1.68 9,754.08 -0.02%
Alternatives 673.18 4,706.42 14.30%
Total: 129,829.80 3,907,897.89 3.32%

 

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
PRN Invesco DWA Industrials Momentum ETF 13,121 46,715 356.02%
PGF Invesco Financial Preferred ETF 453,875 1,396,688 307.73%
ARCM Arrow Reserve Capital Management ETF 814 1,900 233.39%
COMB GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF 36,723 100,636 274.04%
UAE iShares MSCI UAE ETF 27,841 71,846 258.05%
EIS iShares MSCI Israel ETF 26,634 76,259 286.32%
MDYV SPDR S&P 400 Mid Cap Value ETF 96,952 276,795 285.50%
ONEV SPDR Russell 1000 Low Volatility Focus 11,575 28,591 247.01%
TMV Direxion Daily 20+ Year Treasury Bear 3x Shares 874,771 2,549,024 291.39%
ESGG FlexShares STOXX Global ESG Impact Index Fund 1,147 3,508 305.72%

 

 

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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