ETF Inflows Top $100B For 2020

April 17, 2020

Investors continued adding to their ETF holdings this week as stock markets crept higher, recovering from March's plunge. On net, $16 billion flowed into U.S.-listed ETFs during the week ending Thursday, April 16, including $5.8 billion into U.S. equity ETFs and $5.9 billion into U.S. fixed income ETFs. 

Year-to-date inflows now stand at $108.4 billion, ahead of last year's $75.6 billion pace.

ESG ETF's Assets Jump 

Surprising many market observers, U.S. stocks added to last week's hefty gains this week. The S&P 500 topped 2,800, putting it at the best level since March 10 as the health crisis eased and credit markets stabilized. In less than a month, the index has recovered half its peak-to-trough losses.

The iShares ESG MSCI U.S.A. ETF (ESGU), with inflows of a whopping $2.1 billion, was among the funds that investors added to for U.S. equity exposure. Assets in the fund more than doubled since the market lows.

The Real Estate Select Sector SPDR Fund (XLRE) and the iShares Edge MSCI U.S.A. Value Factor ETF (VLUE) also saw demand during the week.

Meanwhile, international equity ETFs had outflows on the whole, but one fund, the iShares MSCI EAFE Growth ETF (EFG), picked up a solid $2.1 billion in fresh cash, equal to a 50% increase in the fund's assets. 

LQD Soaks Up Assets

On the fixed income side, the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD) continued to soak up a tremendous amount of money. Weekly inflows for the ETF, which the Fed is likely targeting in its corporate bond purchase program, totaled $2.6 billion. On a year-to-date basis, LQD has inflows of $9.3 billion.

The iShares iBoxx USD High Yield Corporate Bond ETF (HYG), which may also be a Fed target, registered net inflows of $1.8 billion of its own during the week.

Finally, two commodity ETFs, the SPDR Gold Trust (GLD) and the United States Oil Fund (USO), found themselves on the top inflows list for the week. Gold reached a fresh seven-year high just below $1,750 on Tuesday, while oil hit a two-decade low below $18 on Friday.

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 2,586.00 46,120.26 5.61%
EFG iShares MSCI EAFE Growth ETF 2,145.09 6,105.72 35.13%
ESGU iShares ESG MSCI U.S.A. ETF 2,129.44 5,981.56 35.60%
HYG iShares iBoxx USD High Yield Corporate Bond ETF 1,790.84 17,366.96 10.31%
IGSB iShares Short-Term Corporate Bond ETF 1,680.40 14,890.92 11.28%
XLRE Real Estate Select Sector SPDR Fund 1,542.46 4,736.07 32.57%
GLD SPDR Gold Trust 1,493.99 56,446.08 2.65%
XLB Materials Select Sector SPDR Fund 1,453.87 4,064.07 35.77%
USO United States Oil Fund LP 1,088.91 3,861.04 28.20%
VLUE iShares Edge MSCI U.S.A. Value Factor ETF 961.80 4,123.42 23.33%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 ETF Trust -3,676.18 255,027.72 -1.44%
GOVT iShares U.S. Treasury Bond ETF -1,691.37 15,417.96 -10.97%
QUAL iShares Edge MSCI U.S.A. Quality Factor ETF -1,399.61 15,756.10 -8.88%
IEFA iShares Core MSCI EAFE ETF -1,377.24 59,868.70 -2.30%
EFA iShares MSCI EAFE ETF -1,218.17 45,922.21 -2.65%
TLT iShares 20+ Year Treasury Bond ETF -674.83 17,518.70 -3.85%
ITOT iShares Core S&P Total U.S. Stock Market ETF -668.80 22,511.81 -2.97%
SIZE iShares Edge MSCI U.S.A. Size Factor ETF -579.38 503.73 -115.02%
MBB iShares MBS ETF -552.98 21,161.50 -2.61%
IEMG iShares Core MSCI Emerging Markets ETF -510.78 46,943.95 -1.09%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 5,768.69 2,156,662.32 0.27%
International Equity -1,309.24 700,515.56 -0.19%
U.S. Fixed Income 5,889.95 791,646.20 0.74%
International Fixed Income 764.71 83,821.24 0.91%
Commodities ETFs 3,702.90 102,746.39 3.60%
Currency -2.35 2,256.45 -0.10%
Leveraged 632.47 30,947.34 2.04%
Inverse 663.35 18,128.50 3.66%
Asset Allocation 26.13 8,736.23 0.30%
Alternatives -104.00 4,378.64 -2.38%
Total: 16,032.61 3,899,838.86 0.41%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 57,875.42 2,156,662.32 2.68%
International Equity -3,210.55 700,515.56 -0.46%
U.S. Fixed Income 23,032.70 791,646.20 2.91%
International Fixed Income -1,051.15 83,821.24 -1.25%
Commodities ETFs 16,438.89 102,746.39 16.00%
Currency 947.05 2,256.45 41.97%
Leveraged 7,310.23 30,947.34 23.62%
Inverse 8,727.03 18,128.50 48.14%
Asset Allocation -62.64 8,736.23 -0.72%
Alternatives -1,582.52 4,378.64 -36.14%
Total: 108,424.45 3,899,838.86 2.78%

 

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
RECS Columbia Research Enhanced Core ETF 109,359 1,056,471 966.05%
DMRI DeltaShares S&P International Managed Risk ETF 2,827 13,654 483.04%
NRGD MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN 1,860 7,275 391.24%
QARP Xtrackers Russell 1000 U.S. Quality at a Reasonable Price ETF 36,938 88,654 240.01%
DALT Anfield Capital Diversified Alternatives ETF 159,464 407,659 255.64%
RFFC RiverFront Dynamic U.S. Flex-Cap ETF 47,743 303,651 636.01%
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 32,321 64,660 200.06%
RFCI RiverFront Dynamic Core Income ETF 43,548 161,435 370.70%
DMRM DeltaShares S&P 400 Managed Risk ETF 3,253 5,245 161.22%
ONEO SPDR Russell 1000 Momentum Focus ETF 4,611 8,892 192.84%

 

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
EEH Elements Spectrum Large Cap US Sector Momentum Index ETN 23.14% 3,656 0.96
MLPC C-Tracks Miller/Howard MLP Fundamental ETN 12.95% 1,012 39.48
URNM North Shore Global Uranium Mining ETF 9.98% 22,637 3.72
RWGV Direxion Russell 1000 Growth Over Value ETF 7.95% 9,304 13.61
PGM iPath Series B Bloomberg Platinum Subindex Total Return ETN 7.49% 1,129 4.00
EMIH Xtrackers Emerging Markets Bond Interest Rate Hedged ETF 5.71% 2,809 4.87
GYLD Arrow Dow Jones Global Yield ETF 5.62% 45,170 33.38
PTF Invesco DWA Technology Momentum ETF 5.48% 188,073 154.27
FNGS MicroSectors FANG+ ETN 5.24% 14,838 154.27
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN 5.10% 71,378 6.78

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
OIH VanEck Vectors Oil Services ETF 627.55% 0.00% 268.76
KOL VanEck Vectors Coal ETF 590.13% 0.00% 21.09
FRAK VanEck Vectors Unconventional Oil & Gas ETF 354.79% 0.00% 7.17
VIIX VelocityShares Daily Long VIX Short-Term ETN 168.04% -0.28% 63.24
VIXY ProShares VIX Short-Term Futures ETF 167.66% -0.39% 182.81
VXX iPath Series B S&P 500 VIX Short Term Futures ETN 167.26% -0.74% 778.87
REMX VanEck Vectors Rare Earth/Strategic Metals ETF 129.64% 0.00% 120.60
XVZ iPath S&P 500 Dynamic VIX ETN 89.34% 1.27% 4.63
VIXM ProShares VIX Mid-Term Futures ETF 84.83% 2.55% 56.56
VXZ iPath Series B S&P 500 VIX Mid-Term Futures ETN 84.11% 2.56% 28.38

 

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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