First Weekly ETF Outflow Since March

May 08, 2020

U.S.-listed ETFs registered their first weekly outflow since March this week as markets remained near their recent highs. On net, $4.8 billion flowed out of the space, pushing year-to-date inflows down to $115.8 billion. That compares to year-to-date inflows of $70.9 billion seen at this same time last year.

Top flows winners this week included the iShares iBoxx USD High Yield Corporate Bond ETF (HYG), the SPDR Gold Trust (GLD) and the Invesco QQQ Trust (QQQ).

Notably, year-to-date inflows for GLD topped $10 billion as investors used the ETF to hedge against potential future inflation. Prices for gold were last trading just above $1,700/oz.

HYG has year-to-date inflows of $3.2 billion. The fund has been propped up by the Fed, which is using its powers to purchase individual ‘fallen angel’ junk bonds and broad junk bond ETFs.

Meanwhile, QQQ has seen surprisingly strong performance this year. Prices for the tech-heavy ETF are up 5.5% year-to-date, outperforming the 9% loss for the S&P 500. Assets under management for the fund topped $100 billion this week, making it the fifth ETF to pass that milestone. 

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
HYG iShares iBoxx USD High Yield Corporate Bond ETF 1,414.06 20,685.37 6.84%
GLD SPDR Gold Trust 1,373.90 58,802.26 2.34%
QQQ Invesco QQQ Trust 738.76 100,020.04 0.74%
XBI SPDR S&P Biotech ETF 639.81 4,613.54 13.87%
AGG iShares Core U.S. Aggregate Bond ETF 629.38 71,249.24 0.88%
XLV Health Care Select Sector SPDR Fund 496.82 24,937.20 1.99%
BND Vanguard Total Bond Market ETF 444.79 51,426.27 0.86%
XLP Consumer Staples Select Sector SPDR Fund 415.28 14,602.04 2.84%
JPST JPMorgan Ultra-Short Income ETF 409.21 10,355.36 3.95%
HYLB Xtrackers USD High Yield Corporate Bond ETF 373.03 4,438.14 8.41%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 ETF Trust -3,127.22 252,940.50 -1.24%
SDY SPDR S&P Dividend ETF -1,612.22 14,466.00 -11.14%
IVV iShares Core S&P 500 ETF -1,200.93 177,923.29 -0.67%
IWM iShares Russell 2000 ETF -1,164.62 32,849.61 -3.55%
EFA iShares MSCI EAFE ETF -1,140.60 43,512.55 -2.62%
ACWI iShares MSCI ACWI ETF -866.37 10,050.62 -8.62%
VWO Vanguard FTSE Emerging Markets ETF -815.19 49,970.33 -1.63%
EEM iShares MSCI Emerging Markets ETF -701.13 19,794.58 -3.54%
IEMG iShares Core MSCI Emerging Markets ETF -593.20 45,232.94 -1.31%
IWF iShares Russell 1000 Growth ETF -551.42 49,312.33 -1.12%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -7,220.08 2,210,552.20 -0.33%
International Equity -6,201.38 705,132.16 -0.88%
U.S. Fixed Income 6,372.38 804,274.82 0.79%
International Fixed Income 333.19 84,796.18 0.39%
Commodities ETFs 1,899.77 105,900.88 1.79%
Currency -23.75 2,296.09 -1.03%
Leveraged -572.32 32,496.28 -1.76%
Inverse 679.90 18,428.63 3.69%
Asset Allocation -95.73 8,817.38 -1.09%
Alternatives 38.04 4,297.37 0.89%
Total: -4,789.98 3,976,992.00 -0.12%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 49,569.30 2,210,552.20 2.24%
International Equity -14,635.43 705,132.16 -2.08%
U.S. Fixed Income 39,762.27 804,274.82 4.94%
International Fixed Income -358.09 84,796.18 -0.42%
Commodities ETFs 23,980.32 105,900.88 22.64%
Currency 981.28 2,296.09 42.74%
Leveraged 7,587.47 32,496.28 23.35%
Inverse 10,558.95 18,428.63 57.30%
Asset Allocation -35.77 8,817.38 -0.41%
Alternatives -1,649.49 4,297.37 -38.38%
Total: 115,760.81 3,976,992.00 2.91%

 

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
BNDC FlexShares Core Select Bond Fund 30,375 187,963 618.80%
PFEB Innovator S&P 500 Power Buffer ETF - February 16,567 49,168 296.78%
CLTL Invesco Treasury Collateral ETF 74,652 218,153 292.23%
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF 29,731 70,763 238.01%
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 35,221 98,396 279.37%
GNMA iShares GNMA Bond ETF 124,593 282,958 227.11%
NOCT Innovator Nasdaq-100 Power Buffer ETF - October 15,036 33,233 221.01%
BTEC Principal Healthcare Innovators Index ETF 3,342 6,490 194.20%
XITK SPDR FactSet Innovative Technology ETF 11,166 23,749 212.70%
RGI Invesco S&P 500 Equal Weight Industrials ETF 16,075 29,856 185.73%

 

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
UGA United States Gasoline Fund LP 15.10% 2,610,100 74.60
BNO United States Brent Oil Fund LP 12.57% 14,906,396 315.12
OILK ProShares K-1 Free Crude Oil Strategy ETF 11.51% 828,980 52.01
BBC Virtus LifeSci Biotech Clinical Trials ETF 10.98% 121,662 35.68
USO United States Oil Fund LP 10.55% 62,668,352 3,788.56
IBUY Amplify Online Retail ETF 9.44% 285,029 298.99
OLEM iPath Pure Beta Crude Oil ETN 9.30% 39,778 6.15
SBIO ALPS Medical Breakthroughs ETF 8.96% 143,505 185.63
BBP Virtus LifeSci Biotech Products ETF 8.52% 16,495 25.18
BUYZ Franklin Disruptive Commerce ETF 8.52% 21,313 2.72

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
VIIX VelocityShares Daily Long VIX Short-Term ETN 148.99% -5.15% 61.26
VIXY ProShares VIX Short-Term Futures ETF 148.35% -4.74% 166.71
VXX iPath Series B S&P 500 VIX Short Term Futures ETN 147.82% -4.81% 618.88
XVZ iPath S&P 500 Dynamic VIX ETN 97.74% -0.67% 4.87
VIXM ProShares VIX Mid-Term Futures ETF 88.12% -1.91% 60.50
VXZ iPath Series B S&P 500 VIX Mid-Term Futures ETN 87.65% -1.64% 28.43
CLIX ProShares Long Online/Short Stores ETF 39.00% 7.28% 147.66
ZROZ PIMCO 25+ Year Zero Coupon US Treasury Index ETF 33.51% -4.06% 357.94
EDV Vanguard Extended Duration Treasury ETF 30.63% -3.75% 1,698.98
MOM AGFiQ U.S. Market Neutral Momentum Fund 27.42% 3.20% 4.37

 

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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