Weekly Flows Steady As Markets Hold

April 03, 2020

A relatively calm week for markets (by recent standards) was matched by relatively calm creation and redemption activity in ETFs. On net, $2.2 billion flowed into U.S.-listed ETFs during the week ending Thursday, April 2, pushing year-to-date inflows up slightly to $68.6 billion. For comparison, year-to-date inflows were $59.3 billion at this same time last year.

Taking a look at individual ETFs, once again, the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD) gathered a tidy sum of fresh cash—$3.4 billion this week. That’s on top of the $5.2 billion the fund picked up last week after the Federal Reserve announced that it would be purchasing investment-grade corporate bond ETFs to stabilize credit markets.

The riskier SPDR Bloomberg Barclays High Yield Bond ETF (JNK) also saw some interest; it had weekly inflows of more than $850 million.

Meanwhile, on the equities side, the iShares Core S&P 500 ETF (IVV) and the iShares S&P 500 Value ETF (IVE) were the most popular fund among ETF investors during the week.

But in a sign that investors are still jittery about markets and the economy, inflows for the SPDR Gold Trust (GLD) totaled $960 million. Gold prices were last trading around $1,620/oz.

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
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF 3,440.73 39,446.55 8.72%
IVV iShares Core S&P 500 ETF 1,829.49 155,903.72 1.17%
IVE iShares S&P 500 Value ETF 1,345.00 13,496.72 9.97%
GLD SPDR Gold Trust 960.13 49,250.10 1.95%
VOO Vanguard S&P 500 ETF 959.15 113,574.08 0.84%
IWF iShares Russell 1000 Growth ETF 938.67 41,052.75 2.29%
JNK SPDR Bloomberg Barclays High Yield Bond ETF 854.22 7,872.67 10.85%
SH ProShares Short S&P500 846.48 3,975.33 21.29%
IVW iShares S&P 500 Growth ETF 835.39 21,353.59 3.91%
AGG iShares Core U.S. Aggregate Bond ETF 644.30 68,506.19 0.94%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 ETF Trust -8,447.73 221,235.04 -3.82%
QQQ Invesco QQQ Trust -2,697.76 79,053.01 -3.41%
EFA iShares MSCI EAFE ETF -1,850.58 46,211.85 -4.00%
SPTS SPDR Portfolio Short Term Treasury ETF -1,313.09 2,588.30 -50.73%
IWM iShares Russell 2000 ETF -959.97 29,411.36 -3.26%
SHY iShares 1-3 Year Treasury Bond ETF -953.30 23,463.33 -4.06%
BSV Vanguard Short-Term Bond ETF -834.63 22,539.84 -3.70%
XLF Financial Select Sector SPDR Fund -652.17 13,702.73 -4.76%
BND Vanguard Total Bond Market ETF -626.04 49,810.83 -1.26%
XLI Industrial Select Sector SPDR Fund -430.51 6,541.22 -6.58%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -2,396.70 1,897,423.67 -0.13%
International Equity -1,508.05 656,748.68 -0.23%
U.S. Fixed Income 637.80 764,645.68 0.08%
International Fixed Income -8.25 81,194.32 -0.01%
Commodities ETFs 2,240.63 88,642.24 2.53%
Currency 203.21 2,098.05 9.69%
Leveraged 195.92 25,199.22 0.78%
Inverse 3,175.80 19,016.96 16.70%
Asset Allocation -41.73 8,176.93 -0.51%
Alternatives -252.32 4,463.90 -5.65%
Total: 2,246.33 3,547,609.67 0.06%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 35,192.18 1,897,423.67 1.85%
International Equity 118.82 656,748.68 0.02%
U.S. Fixed Income 13,677.30 764,645.68 1.79%
International Fixed Income -1,787.11 81,194.32 -2.20%
Commodities ETFs 10,127.94 88,642.24 11.43%
Currency 781.11 2,098.05 37.23%
Leveraged 7,172.65 25,199.22 28.46%
Inverse 5,085.50 19,016.96 26.74%
Asset Allocation -106.80 8,176.93 -1.31%
Alternatives -1,639.04 4,463.90 -36.72%
Total: 68,622.54 3,547,609.67 1.93%

 

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
DTN WisdomTree U.S. Dividend ex-Financials Fund 55,044 150,142 272.77%
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund 30,914 83,420 269.84%
BAPR Innovator S&P 500 Buffer ETF - April 177,438 507,743 286.15%
MOTI VanEck Vectors Morningstar International Moat ETF 31,846 61,642 193.56%
QQXT First Trust NASDAQ-100 Ex-Technology Sector Index Fund 23,564 41,778 177.30%
VUSE Vident Core U.S. Equity Fund 87,787 161,978 184.51%
GQRE FlexShares Global Quality Real Estate Index Fund 75,293 182,062 241.80%
PLW Invesco 1-30 Laddered Treasury ETF 257,853 323,630 125.51%
FLCB Franklin Liberty U.S. Core Bond ETF 234,206 276,092 117.88%
IBDU iShares iBonds Dec 2029 Term Corporate ETF 44,966 196,309 436.58%

 

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
MLPO Credit Suisse S&P MLP Index ETN 22.91% 1,301 11.81
BDRY Breakwave Dry Bulk Shipping ETF 16.48% 608,358 17.64
ENOR iShares MSCI Norway ETF 7.08% 84,878 18.73
MLPY Morgan Stanley Cushing MLP High Income Index ETN 6.81% 33,276 18.73
URNM North Shore Global Uranium Mining ETF 6.70% 7,728 3.02
MLPG ETRACS Alerian Natural Gas MLP ETN 6.31% 4,619 1.64
VIXM ProShares VIX Mid-Term Futures ETF 6.30% 413,066 53.87
NORW Global X MSCI Norway ETF 6.18% 188,541 32.54
VXZ iPath Series B S&P 500 VIX Mid-Term Futures ETN 5.72% 218,183 44.10
FILL iShares MSCI Global Energy Producers ETF 5.63% 266,478 30.65

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
VIIX VelocityShares Daily Long VIX Short-Term ETN 213.91% -0.42% 78.23
VIXY ProShares VIX Short-Term Futures ETF 213.35% -0.29% 243.86
VXX iPath Series B S&P 500 VIX Short Term Futures ETN 213.23% -0.75% 912.96
XVZ iPath S&P 500 Dynamic VIX ETN 101.92% 1.44% 5.13
VIXM ProShares VIX Mid-Term Futures ETF 94.08% 6.30% 53.87
VXZ iPath Series B S&P 500 VIX Mid-Term Futures ETN 93.23% 5.72% 44.10
ZROZ PIMCO 25+ Year Zero Coupon US Treasury Index ETF 35.31% -0.49% 344.24
EDV Vanguard Extended Duration Treasury ETF 32.02% -1.25% 1,469.12
TAIL Cambria Tail Risk ETF 29.68% 2.54% 118.15
TLT iShares 20+ Year Treasury Bond ETF 24.65% -0.25% 18,365.84

 

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