‘GLD’ Powers Weekly Inflows To $3.5B

August 30, 2019

Investors continued loading up on fixed income ETFs this week as the trade war standoff continued. On net, $3.5 billion flowed into U.S.-listed ETFs during the week ending Thursday, Aug. 29. Year to date inflows now stand at $144.4 billion, less than the $172.9 billion at this same time last year.

Most of the net inflows for the week—$4.5 billion—went into U.S. fixed income products. That was followed by $1.4 billion into commodities ETFs and $566 million into international fixed income ETFs.

U.S. equity ETFs and international equity ETFs weren’t as popular this week. Those segments registered net outflows of $400 million and $2.7 billion, respectively, as trade war and recession concerns weighed on sentiment.

‘GLD’ Rakes In The Cash

This week’s top inflows list was dominated by Treasury ETFs. But the No. 1 position belonged to another safe-haven play: the SPDR Gold Trust (GLD), with inflows of $1.2 billion. For the year as a whole, GLD has now seen net inflows of $4.4 billion.

Following GLD on the list were several Treasury ETFs. The iShares U.S. Treasury Bond ETF (GOVT), the iShares 20+ Year Treasury Bond ETF (TLT), the Schwab U.S. TIPS ETF (SCHP) and the iShares 1-3 Year Treasury Bond ETF (SHY) each had net inflows of more than $380 million for the week.

Treasury bond yields remained depressed this week. The 30-year briefly hit a record low, while the 10-year Treasury approached within 10 basis points of its all-time low from 2016.

Equity ETFs Shunned

Meanwhile, on the outflows list, broad equity ETFs took most of the top spots. The iShares MSCI EAFE ETF (EFA), the iShares Core S&P 500 ETF (IVV) and the iShares Russell 2000 ETF (IWM) each had net outflows of $729 million or more.

Investors also shunned the WisdomTree Floating Rate Treasury Fund (USFR), an ETF that tends to lose its appeal in a falling-rate environment.

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
GLD SPDR Gold Trust 1,239.67 43,495.59 2.85%
GOVT iShares U.S. Treasury Bond ETF 673.42 14,006.96 4.81%
TLT iShares 20+ Year Treasury Bond ETF 595.46 16,834.95 3.54%
SCHP Schwab U.S. TIPS ETF 462.33 8,143.06 5.68%
SHY iShares 1-3 Year Treasury Bond ETF 382.53 17,683.64 2.16%
USMV iShares Edge MSCI Min Vol U.S.A. ETF 373.19 33,048.55 1.13%
JNK SPDR Bloomberg Barclays High Yield Bond ETF 347.38 9,279.22 3.74%
SPAB SPDR Portfolio Aggregate Bond ETF 342.16 4,894.52 6.99%
MINT PIMCO Enhanced Short Maturity Active ETF 334.61 12,479.22 2.68%
XLP Consumer Staples Select Sector SPDR Fund 299.02 13,860.80 2.16%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
EFA iShares MSCI EAFE ETF -975.63 56,869.65 -1.72%
IVV iShares Core S&P 500 ETF -892.20 179,457.43 -0.50%
USFR WisdomTree Floating Rate Treasury Fund -736.34 1,686.46 -43.66%
IWM iShares Russell 2000 ETF -729.05 39,340.51 -1.85%
BIL SPDR Bloomberg Barclays 1-3 Month T-Bill ETF -631.85 9,061.43 -6.97%
BBEU JPMorgan BetaBuilders Europe ETF -525.36 3,705.65 -14.18%
EEM iShares MSCI Emerging Markets ETF -429.71 24,149.15 -1.78%
SCHB Schwab U.S. Broad Market ETF -391.63 14,674.42 -2.67%
XLV Health Care Select Sector SPDR Fund -303.51 16,729.94 -1.81%
MDY SPDR S&P Midcap 400 ETF Trust -284.72 18,056.73 -1.58%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -403.45 2,205,352.38 -0.02%
International Equity -2,738.62 774,359.29 -0.35%
U.S. Fixed Income 4,549.74 717,727.75 0.63%
International Fixed Income 566.28 81,510.98 0.69%
Commodities  1,436.72 80,193.65 1.79%
Currency 1.96 1,485.28 0.13%
Leveraged -60.37 35,999.43 -0.17%
Inverse 250.01 12,704.95 1.97%
Asset Allocation 14.63 9,801.17 0.15%
Alternatives -115.29 4,440.56 -2.60%
Total: 3,501.60 3,923,575.44 0.09%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 47,622.52 2,205,352.38 2.16%
International Equity -4,199.79 774,359.29 -0.54%
U.S. Fixed Income 84,913.59 717,727.75 11.83%
International Fixed Income 11,074.94 81,510.98 13.59%
Commodities  5,897.78 80,193.65 7.35%
Currency -302.95 1,485.28 -20.40%
Leveraged -5,471.00 35,999.43 -15.20%
Inverse 4,429.67 12,704.95 34.87%
Asset Allocation 34.88 9,801.17 0.36%
Alternatives 396.19 4,440.56 8.92%
Total: 144,395.82 3,923,575.44 3.68%

 

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
ISMD Inspire Small/Mid Cap Impact ETF 23,602 110,117 466.57%
ESG FlexShares STOXX U.S. ESG Impact Index Fund 3,304 11,279 341.35%
MVV ProShares Ultra MidCap400 62,204 204,208 328.29%
RFV Invesco S&P MidCap 400 Pure Value ETF 19,448 79,388 408.21%
PSC Principal U.S. Small-Cap Multi-Factor Index ETF 2,460 6,863 279.00%
VFVA Vanguard U.S. Value Factor ETF 15,569 60,999 391.78%
MMIN IQ MacKay Municipal Insured ETF 10,849 34,972 322.34%
AMU ETRACS Alerian MLP Index ETN 104,061 293,244 281.80%
EQL ALPS Equal Sector Weight ETF 6,443 17,089 265.25%
XTN SPDR S&P Transportation ETF 11,099 25,250 227.49%

 

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
SILJ ETFMG Prime Junior Silver ETF 7.20% 2,531,836 110.98
SIL Global X Silver Miners ETF 5.41% 2,594,231 536.19
PLTM GraniteShares Platinum Trust 5.23% 96,575 5.21
SIVR Aberdeen Standard Physical Silver Shares ETF 5.19% 1,251,819 412.44
DBS Invesco DB Silver Fund 5.03% 27,090 16.08
USV ETRACS UBS Bloomberg CMCI Silver Total Return ETN 5.02% 1,500 2.30
SLV iShares Silver Trust 5.02% 116,411,325 7,125.41
PPLT Aberdeen Standard Physical Platinum Shares ETF 4.98% 492,279 657.17
SLVP iShares MSCI Global Silver Miners ETF 4.84% 882,393 99.15
PSCE Invesco S&P SmallCap Energy ETF 4.65% 55,288 19.29

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
TAN Invesco Solar ETF 64.42% 1.50% 455.20
GOAU U.S. Global GO Gold and Precious Metal Miners ETF 55.21% 4.48% 27.37
JJN iPath Series B Bloomberg Nickel Subindex Total Return ETN 53.02% 4.13% 8.41
RING iShares MSCI Global Gold Miners ETF 52.35% 3.03% 332.00
SGDM Sprott Gold Miners ETF 50.86% 3.37% 225.21
PTF Invesco DWA Technology Momentum ETF 50.10% 0.79% 288.53
GDX VanEck Vectors Gold Miners ETF 44.19% 2.60% 12,077.48
GOEX Global X Gold Explorers ETF 42.31% 4.52% 48.04
CHIS Global X MSCI China Consumer Staples ETF 40.80% 2.37% 2.06
SILJ ETFMG Prime Junior Silver ETF 40.80% 7.20% 110.98

 

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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