Hot Demand For Dividend & Gold ETFs

July 31, 2020

Despite weekly flows for U.S.-listed ETFs registering $1.4 billion in equity ETF outflows, a surge in demand for dividend, gold and bond ETFs pushed the weekly inflows total to $8.5 billion.

Year to date, more than $250 billion in new assets have flowed in the U.S. ETF market, well ahead of last year’s $147 billion at this time. Total assets under management in the U.S. ETF market now stand at $4.63 trillion.

But as mentioned, the wrinkle this week was equity ETFs bleeding assets as investors seemingly search for safer ground after stocks continue to sit at all-time highs. The SPDR S&P Dividend ETF (SDY) led creations, with $1.33 billion in new assets, a near 8% increase in AUM for the fund. The SPDR Portfolio S&P 500 High Dividend ETF (SPYD) was also on the leader board, with $573 million in inflows.

The two biggest physical gold ETFs, the SPDR Gold Trust (GLD) and the iShares Gold Trust (IAU), saw inflows of $918 million and $724 million, respectively, as they held down the third and fourth place spots. Rounding out the safe haven theme for the week was the more than $1 billion in new assets to the iShares Core U.S. Aggregate Bond ETF (AGG).

Equity ETF Demand Pauses

The selling of equity ETFs was reflected across the cap spectrum.

The world’s largest ETF, the SPDR S&P 500 ETF Trust (SPY), saw more than $2 billion in outflows from the large cap fund, followed by the small cap fund, the iShares Russell 2000 ETF (IWM), with $1.16 billion in redemptions. Also on the board for highest outflows were the Vanguard S&P 500 ETF (VOO), with $227 million, and the Financial Select SPDR Fund (XLF) saw $265 million leave the fund.

U.S. fixed income ETFs carried the week, with more than $5 billion in flows, as well as commodities, with nearly $2.4 billion of new assets, although most of that went into the two physical gold ETFs: GLD and IAU.

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
SDY SPDR S&P Dividend ETF 1,335.75 17,048.49 7.84%
AGG iShares Core U.S. Aggregate Bond ETF 1,096.44 79,669.35 1.38%
GLD SPDR Gold Trust 918.01 77,876.95 1.18%
IAU iShares Gold Trust 724.48 30,777.00 2.35%
BND Vanguard Total Bond Market ETF 596.96 58,881.00 1.01%
SPYD SPDR Portfolio S&P 500 High Dividend ETF 573.36 2,535.72 22.61%
HYG iShares iBoxx USD High Yield Corporate Bond ETF 497.99 29,984.68 1.66%
DIA SPDR Dow Jones Industrial Average ETF Trust 478.39 22,532.74 2.12%
TIP iShares TIPS Bond ETF 362.22 22,004.16 1.65%
BNDX Vanguard Total International Bond ETF 340.92 29,676.29 1.15%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 ETF Trust -2,058.78 287,641.44 -0.72%
IWM iShares Russell 2000 ETF -1,166.71 39,491.47 -2.95%
XLRE Real Estate Select Sector SPDR Fund -552.05 2,501.27 -22.07%
IWF iShares Russell 1000 Growth ETF -461.19 56,565.94 -0.82%
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF -349.25 1,901.54 -18.37%
SHY iShares 1-3 Year Treasury Bond ETF -320.27 21,896.44 -1.46%
XLF Financial Select Sector SPDR Fund -265.35 17,499.11 -1.52%
VOO Vanguard S&P 500 ETF -227.67 154,196.90 -0.15%
SHV iShares Short Treasury Bond ETF -221.47 21,549.23 -1.03%
XLP Consumer Staples Select Sector SPDR Fund -209.00 13,795.78 -1.51%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -1,401.95 2,566,279.23 -0.05%
International Equity 854.15 843,795.56 0.10%
U.S. Fixed Income 5,222.97 911,160.61 0.57%
International Fixed Income 781.06 97,806.39 0.80%
Commodities 2,395.17 146,251.58 1.64%
Currency 175.18 1,728.34 10.14%
Leveraged 278.08 36,279.95 0.77%
Inverse 20.54 15,043.40 0.14%
Asset Allocation 92.66 10,566.81 0.88%
Alternatives 146.81 4,854.66 3.02%
Total: 8,564.67 4,633,766.53 0.18%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 71,464.59 2,566,279.23 2.78%
International Equity -3,506.23 843,795.56 -0.42%
U.S. Fixed Income 118,572.58 911,160.61 13.01%
International Fixed Income 7,968.62 97,806.39 8.15%
Commodities 40,969.39 146,251.58 28.01%
Currency 401.29 1,728.34 23.22%
Leveraged 3,197.66 36,279.95 8.81%
Inverse 12,828.24 15,043.40 85.27%
Asset Allocation 634.07 10,566.81 6.00%
Alternatives -699.89 4,854.66 -14.42%
Total: 251,830.34 4,633,766.53 5.43%

 

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 15.16% 647,973 35.34
USV ETRACS UBS Bloomberg CMCI Silver Total Return ETN 9.58% 7,300 4.58
CHIK Global X MSCI China Information Technology ETF 6.71% 87,565 17.50
DBS Invesco DB Silver Fund 6.67% 121,670 21.13
NIB iPath Bloomberg Cocoa Subindex Total Return ETN 6.55% 122,167 17.50
SLV iShares Silver Trust 6.41% 308,783,789 13,897.38
INDS Pacer Benchmark Industrial Real Estate SCTR ETF 6.34% 151,436 75.81
SIVR Aberdeen Standard Physical Silver Shares ETF 6.31% 6,500,842 743.96
IBUY Amplify Online Retail ETF 6.17% 549,471 735.46
YOLO AdvisorShares Pure Cannabis ETF 6.03% 281,653 55.16

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
XVZ iPath S&P 500 Dynamic VIX ETN 101.56% 0.15% 7.91
VXX iPath Series B S&P 500 VIX Short Term Futures ETN 93.12% -5.30% 941.96
VIXY ProShares VIX Short-Term Futures ETF 92.52% -5.34% 247.24
VIXM ProShares VIX Mid-Term Futures ETF 88.68% -0.70% 68.53
VXZ iPath Series B S&P 500 VIX Mid-Term Futures ETN 88.38% -0.76% 29.99
CLIX ProShares Long Online/Short Stores ETF 70.67% 4.35% 214.08
ARKW ARK Next Generation Internet ETF 70.01% 3.49% 1,900.49
ONLN ProShares Online Retail ETF 66.26% 5.38% 229.53
ARKG ARK Genomic Revolution ETF 63.10% -0.11% 1,589.11
WCLD WisdomTree Cloud Computing Fund 62.15% 5.18% 637.83

 

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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