Robust Weekly ETF Inflows Of $23B

Sep 13, 2019

Reviewed by: Sumit Roy

Edited by: Sumit Roy

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.

Sumit Roy

| Contact: [email protected]

Sumit Roy is the senior ETF analyst for etf.com, where he's worked for 12 years. Before joining the company, Roy was the managing editor and commodities analyst for Hard Assets Investor. He lives in the San Francisco Bay Area, where he enjoys climbing the city’s steep hills, playing pickleball and snowboarding.

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