ETF Weekly Flows: Sector Shifts Surface

October 11, 2019

As we enter the fourth quarter with year’s end in sight, this week’s weekly ETF flows investors appear to be adjusting sector holdings.

For the week ending Thursday, Oct. 10, overall U.S.-listed assets grew by $2.5 billion, with U.S. fixed income attracting $2.1 billion as U.S. equities saw almost $825 million in outflows. Year to date, ETFs have seen $195.5 billion in new assets, slightly behind last year’s record pace.

Despite corralling the lion’s share of assets, only one U.S. fixed income fund, the iShares U.S. Treasury Bond ETF (GOVT), made the top 10 list for inflows, suggesting a wider allocation to U.S. fixed income ETFs as a whole.

Sector Rotations Surface

The financials sector ETF Financial Select Sector SPDR Fund (XLF) saw renewed interest despite the trend of lower interest rates showing no signs of abating. The fund took in $836 million, or nearly a 4% gain in assets under management.

On the flip side, the Materials Select Sector SPDR Fund (XLB) lost more than 20% of its AUM in the past week, shedding $653 million in assets. Also, the Utilities Select Sector SPDR Fund (XLU) saw $430 million in outflows, a nearly 4% drop, and the SPDR S&P Biotech ETF (XBI) lost 10% of its assets, with redemptions of $358 million.

Total assets in U.S.-listed ETFs now stand at slightly more than $4 trillion.

Drew Voros can be reached at [email protected]

 

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
IVV iShares Core S&P 500 ETF 1,102.67 184,446.44 0.60%
XLF Financial Select Sector SPDR Fund 836.93 22,132.81 3.78%
VTI Vanguard Total Stock Market ETF 565.77 120,883.72 0.47%
IWS iShares Russell Mid-Cap Value ETF 530.37 11,177.05 4.75%
USMV iShares Edge MSCI Min Vol U.S.A. ETF 496.41 35,681.05 1.39%
VIG Vanguard Dividend Appreciation ETF 382.71 38,333.96 1.00%
GOVT iShares U.S. Treasury Bond ETF 378.75 14,973.44 2.53%
IAU iShares Gold Trust 364.78 17,000.20 2.15%
QUAL iShares Edge MSCI U.S.A. Quality Factor ETF 354.61 12,506.41 2.84%
EWJ iShares MSCI Japan ETF 303.68 11,811.03 2.57%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
VOO Vanguard S&P 500 ETF -2,991.81 116,372.91 -2.57%
SPY SPDR S&P 500 ETF Trust -1,089.60 264,844.10 -0.41%
XLB Materials Select Sector SPDR Fund -653.00 3,263.97 -20.01%
JNK SPDR Bloomberg Barclays High Yield Bond ETF -579.91 9,399.90 -6.17%
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF -536.88 35,166.30 -1.53%
XLU Utilities Select Sector SPDR Fund -430.52 11,182.35 -3.85%
MTUM iShares Edge MSCI U.S.A. Momentum Factor ETF -362.73 9,285.93 -3.91%
XBI SPDR S&P Biotech ETF -357.50 3,361.88 -10.63%
NEAR iShares Short Maturity Bond ETF -324.27 6,265.55 -5.18%
IWM iShares Russell 2000 ETF -302.14 41,071.87 -0.74%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -824.30 2,254,611.05 -0.04%
International Equity 297.40 787,978.85 0.04%
U.S. Fixed Income 2,104.38 729,842.90 0.29%
International Fixed Income 395.19 83,622.07 0.47%
Commodities  417.59 81,809.60 0.51%
Currency 31.99 1,535.89 2.08%
Leveraged 13.53 34,748.89 0.04%
Inverse 95.67 12,655.68 0.76%
Asset Allocation 14.55 10,083.11 0.14%
Alternatives -39.25 4,599.35 -0.85%
Total: 2,506.75 4,001,487.39 0.06%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 75,180.71 2,254,611.05 3.33%
International Equity -3,156.60 787,978.85 -0.40%
U.S. Fixed Income 101,608.22 729,842.90 13.92%
International Fixed Income 13,576.61 83,622.07 16.24%
Commodities  9,415.33 81,809.60 11.51%
Currency -249.05 1,535.89 -16.22%
Leveraged -6,266.59 34,748.89 -18.03%
Inverse 4,612.67 12,655.68 36.45%
Asset Allocation 234.44 10,083.11 2.33%
Alternatives 625.82 4,599.35 13.61%
Total: 195,581.56 4,001,487.39 4.89%

 

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
ONEO SPDR Russell 1000 Momentum Focus 2,084 10,512 504.51%
MMIN IQ MacKay Municipal Insured ETF 35,982 157,127 436.68%
AGGE IQ Enhanced Core Bond U.S. ETF 63,197 217,346 343.92%
QAT iShares MSCI Qatar ETF 12,998 47,327 364.10%
IQIN IQ 500 International ETF 33,678 108,314 321.62%
CLRG IQ Chaikin U.S. Large Cap ETF 111,876 343,436 306.98%
HFXI IQ 50 Percent Hedged FTSE International ETF 144,208 391,049 271.17%
BIBL Inspire 100 ETF 19,454 60,531 311.15%
AGGP IQ Enhanced Core Plus Bond U.S. ETF 53,981 144,315 267.34%
PFI Invesco DWA Financial Momentum ETF 25,337 151,653 598.55%

 

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 7.38% 21,288 2.20
VXX iPath Series B S&P 500 VIX Short Term Futures ETN 5.27% 132,930,953 921.17
VIXY ProShares VIX Short-Term Futures ETF 5.05% 11,697,648 299.41
VIIX VelocityShares Daily Long VIX Short-Term ETN 4.99% 200,499 24.71
VXZ iPath Series B S&P 500 VIX Mid-Term Futures ETN 3.01% 275,394 30.87
VIXM ProShares VIX Mid-Term Futures ETF 2.55% 151,924 50.61
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN 2.47% 9,751 9.22
GRU Elements MLCX Grains Index-Total Return ETN 2.29% 36,639 9.22
RYZZ RYZZ Managed Futures Strategy Plus ETF 2.26% 1,952,704 2.27
WEAT Teucrium Wheat Fund 2.09% 455,031 51.02

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
INR Market Vectors-Indian Rupee/USD ETN 110.42% -2.27% 1.03
JJN iPath Series B Bloomberg Nickel Subindex Total Return ETN 63.45% -2.54% 9.12
TAN Invesco Solar ETF 57.14% -1.52% 432.53
ITB iShares U.S. Home Construction ETF 44.48% -0.67% 1,366.08
GOAU U.S. Global GO Gold and Precious Metal Miners ETF 40.75% 0.00% 34.42
RING iShares MSCI Global Gold Miners ETF 40.48% 0.49% 325.23
SRVR Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF 38.27% -1.12% 132.22
CHIS Global X MSCI China Consumer Staples ETF 38.00% 0.31% 2.02
ACES ALPS Clean Energy ETF 37.30% -0.25% 90.33
SGDM Sprott Gold Miners ETF 37.01% 0.46% 184.34

 

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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