Robust Weekly ETF Inflows Of $23B

September 13, 2019

A thaw in the U.S.-China trade war was all it took for investors to rush head first into stocks, adding billions to ETF assets and pushing the S&P 500 toward a record high.

On net, investors added $22.8 billion to U.S.-listed ETFs. The vast majority of that—$20.1 billion—went into U.S. equity ETFs, including $7.3 billion into the SPDR S&P 500 ETF Trust (SPY) and $3.9 billion into the iShares Russell 2000 ETF (IWM).

Meanwhile, though bond prices sold off this week, U.S. fixed income ETFs continued to gather assets as they have all year long. A net $4.6 billion flowed into that segment, led by a $738 million inflow for the SPDR Bloomberg Barclays High Yield Bond ETF (JNK) and a $557 million inflow for the iShares Intermediate-Term Corporate Bond ETF (IGIB).

Year-to-date net inflows for all U.S.-listed ETFs now stand at $173.5 billion, a tad less than the $180.6 billion at this same time last year.

More Constructive Tone

Positive dialogue between the U.S. and China on the trade front helped push the S&P 500 above 3,020 on Thursday, nearing its all-time high of 3,028 from July. At the same time, bonds sold off, yields spiked and the Treasury curve steepened on the trade news and a generally more positive tone surrounding economic growth.

Recent economic data has been solid, and central bank stimulus may support the economy through any trade head winds. The European Central Bank cut interest rates further into negative territory and resumed quantitative easing on Thursday. The Federal Reserve is expected to cut interest rates when it meets next Wednesday.

The U.S. 10-year Treasury yield rallied to as high as 1.9% as of this writing, solidly above the two-year yield of 1.79%.

Gold prices plunged below $1,500 this week, down from a recent high of $1,557 as safe-haven demand ebbed. The SPDR Gold Trust (GLD) had outflows of $458 million in the past five trading sessions.

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 7,304.45 275,363.30 2.65%
IWM iShares Russell 2000 ETF 3,855.59 45,679.08 8.44%
XLV Health Care Select Sector SPDR Fund 893.11 17,651.94 5.06%
QQQ Invesco QQQ Trust 871.44 75,861.66 1.15%
VTI Vanguard Total Stock Market ETF 762.27 122,410.11 0.62%
IYR iShares U.S. Real Estate ETF 743.82 5,209.48 14.28%
JNK SPDR Bloomberg Barclays High Yield Bond ETF 738.37 9,859.03 7.49%
XLF Financial Select Sector SPDR Fund 717.50 22,625.99 3.17%
IGIB iShares Intermediate-Term Corporate Bond ETF 557.25 7,704.03 7.23%
VOO Vanguard S&P 500 ETF 550.67 122,729.17 0.45%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
EMB iShares JP Morgan USD Emerging Markets Bond ETF -536.24 15,075.61 -3.56%
OMFL Invesco Russell 1000 Dynamic Multifactor ETF -478.82 1,120.63 -42.73%
FIHD UBS AG FI Enhanced Global High Yield ETN -463.42 1,667.64 -27.79%
GLD SPDR Gold Trust -457.51 42,187.41 -1.08%
FIYY Barclays ETN+ FI Enhanced Global High Yield ETN Series B -434.33 1,144.20 -37.96%
SHV iShares Short Treasury Bond ETF -430.89 23,634.90 -1.82%
FLGE Credit Suisse FI Large Cap Growth Enhanced ETN -377.11 1,718.77 -21.94%
EWJ iShares MSCI Japan ETF -322.10 12,054.91 -2.67%
XLY Consumer Discretionary Select Sector SPDR Fund -287.38 14,351.29 -2.00%
FBGX UBS AG FI Enhanced Large Cap Growth ETN -282.53 1,309.25 -21.58%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 20,130.36 2,324,194.59 0.87%
International Equity 111.40 807,668.32 0.01%
U.S. Fixed Income 4,591.23 718,169.78 0.64%
International Fixed Income -276.69 81,258.95 -0.34%
Commodities  -396.44 78,523.11 -0.50%
Currency 20.38 1,520.79 1.34%
Leveraged -1,584.70 35,665.46 -4.44%
Inverse -128.77 12,312.84 -1.05%
Asset Allocation 136.03 10,162.01 1.34%
Alternatives 193.48 4,576.90 4.23%
Total: 22,796.29 4,074,052.75 0.56%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 68,170.24 2,324,194.59 2.93%
International Equity -3,132.97 807,668.32 -0.39%
U.S. Fixed Income 93,358.56 718,169.78 13.00%
International Fixed Income 11,201.65 81,258.95 13.79%
Commodities  6,120.83 78,523.11 7.79%
Currency -267.02 1,520.79 -17.56%
Leveraged -7,553.63 35,665.46 -21.18%
Inverse 4,687.57 12,312.84 38.07%
Asset Allocation 219.46 10,162.01 2.16%
Alternatives 667.82 4,576.90 14.59%
Total: 173,472.51 4,074,052.75 4.26%

 

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
INR Market Vectors-Indian Rupee/USD ETN 20.65% 29,990 1.02
ULBR VelocityShares Long LIBOR ETN 9.77% 1,648 6.56
XES SPDR S&P Oil & Gas Equipment & Services ETF 8.04% 6,631,642 148.39
PSCE Invesco S&P SmallCap Energy ETF 7.89% 73,435 21.80
OIH VanEck Vectors Oil Services ETF 7.71% 36,978,498 631.06
IEZ iShares U.S. Oil Equipment & Services ETF 7.24% 107,354 94.39
RZV Invesco S&P SmallCap 600 Pure Value ETF 7.23% 32,349 186.64
PSCM Invesco S&P SmallCap Materials ETF 6.94% 1,630 16.24
RWJ Invesco S&P SmallCap 600 Revenue ETF 6.90% 49,893 390.75
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 6.69% 5,398 14.06

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
INR Market Vectors-Indian Rupee/USD ETN 94.26% 20.65% 1.02
JJN iPath Series B Bloomberg Nickel Subindex Total Return ETN 68.10% 0.52% 9.20
TAN Invesco Solar ETF 60.75% -2.29% 438.04
GOAU U.S. Global GO Gold and Precious Metal Miners ETF 47.41% 0.00% 33.56
XSD SPDR S&P Semiconductor ETF 45.26% 0.37% 342.56
PBW Invesco WilderHill Clean Energy ETF 43.17% 1.08% 184.96
ITB iShares U.S. Home Construction ETF 40.50% 0.63% 1,101.08
SOXX iShares PHLX Semiconductor ETF 40.32% 0.81% 1,772.05
SMH VanEck Vectors Semiconductor ETF 39.53% 0.59% 1,439.94
CNRG SPDR S&P Kensho Clean Power ETF 39.49% -0.57% 8.15

 

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