Weekly Inflows Total $9B Amid Equity Highs

November 15, 2019

Equity ETFs continued to benefit from record highs in U.S. stocks this week. In addition to price gains, investors plowed $9.3 billion into U.S.-listed ETFs during the week ending Thursday, Nov. 14, bringing total assets under management to $4.22 trillion.

Year-to-date inflows now stand at $246.6 billion, ahead of last year’s $233.3 billion pace.

A net $4.7 billion flowed into U.S. equity ETFs this week as the S&P 500 topped 3,100 for the first time amid growing hopes of a “phase one” trade deal between the U.S. and China. The index’s year-to-date gain reached a whopping 26.5%.

The Invesco QQQ Trust (QQQ), the Invesco S&P 500 Low Volatility ETF (SPLV) and the SPDR Dow Jones Industrial Average ETF Trust (DIA) were the top U.S. equity ETFs of the week in terms of inflows.

Meanwhile, international equity ETFs also saw strong interest. Inflows for that segment were about $4.9 billion during the period. Funds like the iShares Core MSCI EAFE ETF (IEFA) and the iShares Core MSCI Europe ETF (IEUR) did particularly well.

Rates Flatline

With risk appetite growing and stocks on the rise, there wasn’t much demand for fixed income ETFs. In fact, investors pulled $485 million out of U.S. fixed income ETFs as interest rates flatlined. Fed Chairman Powell said this week that it was unlikely the central bank would hike its benchmark interest rate unless inflation moved noticeably higher. Similarly, the Fed is unlikely to cut further unless the economy materially weakens.

The iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) and the iShares 20+ Year Treasury Bond ETF (TLT) were among the fixed income flows losers of the week.

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
IEFA iShares Core MSCI EAFE ETF 1,752.39 70,260.84 2.49%
QQQ Invesco QQQ Trust 995.29 82,548.94 1.21%
SPLV Invesco S&P 500 Low Volatility ETF 702.46 13,203.37 5.32%
DIA SPDR Dow Jones Industrial Average ETF Trust 444.65 22,706.51 1.96%
XLU Utilities Select Sector SPDR Fund 436.77 11,659.34 3.75%
IEUR iShares Core MSCI Europe ETF 435.50 3,771.04 11.55%
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 385.90 1,065.22 36.23%
VTV Vanguard Value ETF 352.74 53,485.84 0.66%
IVV iShares Core S&P 500 ETF 341.94 194,948.14 0.18%
XLF Financial Select Sector SPDR Fund 330.72 25,406.28 1.30%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 ETF Trust -1,910.48 279,908.35 -0.68%
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF -467.15 34,286.43 -1.36%
HYG iShares iBoxx USD High Yield Corporate Bond ETF -459.86 18,637.62 -2.47%
MDY SPDR S&P Midcap 400 ETF Trust -425.54 18,850.21 -2.26%
XLK Technology Select Sector SPDR Fund -375.51 24,783.94 -1.52%
XLV Health Care Select Sector SPDR Fund -342.55 18,217.58 -1.88%
TLT iShares 20+ Year Treasury Bond ETF -310.90 17,044.89 -1.82%
VCIT Vanguard Intermediate-Term Corporate Bond ETF -271.72 24,820.67 -1.09%
SPIB SPDR Portfolio Intermediate Term Corporate Bond ETF -217.65 4,967.30 -4.38%
XLE Energy Select Sector SPDR Fund -213.64 10,446.60 -2.05%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 4,654.43 2,406,250.10 0.19%
International Equity 4,881.08 844,756.40 0.58%
U.S. Fixed Income -484.99 734,984.78 -0.07%
International Fixed Income 353.56 86,401.64 0.41%
Commodities ETFs -280.33 78,788.73 -0.36%
Currency -20.15 1,412.70 -1.43%
Leveraged 219.88 36,820.15 0.60%
Inverse -125.77 12,151.70 -1.03%
Asset Allocation 15.35 10,419.81 0.15%
Alternatives 57.40 4,705.15 1.22%
Total: 9,270.45 4,216,691.15 0.22%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 98,419.20 2,406,250.10 4.09%
International Equity 11,168.51 844,756.40 1.32%
U.S. Fixed Income 112,146.99 734,984.78 15.26%
International Fixed Income 17,042.45 86,401.64 19.72%
Commodities ETFs 8,897.17 78,788.73 11.29%
Currency -379.00 1,412.70 -26.83%
Leveraged -7,412.53 36,820.15 -20.13%
Inverse 5,245.03 12,151.70 43.16%
Asset Allocation 447.32 10,419.81 4.29%
Alternatives 1,065.27 4,705.15 22.64%
Total: 246,640.43 4,216,691.15 5.85%

 

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
HOLD AdvisorShares Sage Core Reserves ETF 8,539 62,511 732.10%
IBDC iShares iBonds Mar 2020 Corporate ETF 23,689 108,109 456.37%
JQUA JPMorgan U.S. Quality Factor ETF 11,370 51,157 449.93%
FTVA Aptus Fortified Value ETF 23,365 124,953 534.79%
IMTB iShares Core 5-10 Year USD Bond ETF 14,312 52,911 369.70%
INKM SPDR SSGA Income Allocation ETF 19,802 73,919 373.29%
GRI Cohen & Steers Global Realty Majors ETF 2,764 10,579 382.66%
HTRB Hartford Total Return Bond ETF 27,933 90,597 324.33%
IBDD iShares iBonds Mar 2023 Term Corporate ETF 4,253 13,995 329.03%
OPER ClearShares Ultra-Short Maturity ETF 11,597 64,446 555.71%

 

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
NIB iPath Bloomberg Cocoa Subindex Total Return ETN 8.41% 507,813 26.77
PAK Global X MSCI Pakistan ETF 4.32% 232,048 45.45
SILJ ETFMG Prime Junior Silver Miners ETF 3.60% 849,160 110.44
BDRY Breakwave Dry Bulk Shipping ETF 2.86% 1,972 1.69
ITB iShares U.S. Home Construction ETF 2.64% 10,909,592 1,293.71
PTF Invesco DWA Technology Momentum ETF 2.59% 62,753 203.70
BTEC Principal Healthcare Innovators Index ETF 2.57% 2,322 54.00
WCLD WisdomTree Cloud Computing Fund 2.55% 7,468 11.21
MOM AGFiQ U.S. Market Neutral Momentum Fund 2.54% 2,473 2.38
QMOM Alpha Architect U.S. Quantitative Momentum ETF 2.52% 31,312 60.06

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
INR Market Vectors-Indian Rupee/USD ETN 57.72% 0.00% 0.47
XSD SPDR S&P Semiconductor ETF 54.34% 0.61% 414.50
FTXL First Trust Nasdaq Semiconductor ETF 52.46% 0.21% 38.99
SMH VanEck Vectors Semiconductor ETF 52.31% -0.02% 1,434.69
ITB iShares U.S. Home Construction ETF 51.53% 2.64% 1,293.71
SOXX iShares PHLX Semiconductor ETF 51.32% -0.10% 2,106.66
TAN Invesco Solar ETF 49.38% -1.51% 389.97
CHIS Global X MSCI China Consumer Staples ETF 46.25% -1.06% 7.49
PSI Invesco Dynamic Semiconductors ETF 43.69% 0.59% 197.03
PBW Invesco WilderHill Clean Energy ETF 43.68% -0.63% 183.52

 

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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