Weekly ETF Inflows At Record Despite Monday Selling
Annual ETF inflows hit a fresh record high despite a roadbump on Monday.
The week ended on a high note for exchange-traded fund flows. On Monday, U.S.-listed ETFs witnessed a bulky $8.9 billion outflow, but between Tuesday and Thursday, they recouped all that and more. On Tuesday, inflows were $8.6 billion; on Wednesday, inflows were $7.4 billion; and on Thursday, inflows were $1.1 billion.
The final data for the week from FactSet showed that ETFs gathered $7 billion in new money during the week ending Thursday, Sept. 21. That pushed year-to-date inflows to a new annual record of $329.3 billion.
This week's inflows were relatively evenly distributed between the various asset classes. U.S. equity ETFs took in $1.8 billion; international equity ETFs took in $2.3 billion; U.S. fixed-income ETFs took in $2.5 billion; and commodity ETFs took in $440 million.
The stock market fluctuated in a narrow range during the week. The S&P 500 hit a fresh record high just below 2,509 on Wednesday before paring gains amid concerns about the Federal Reserve's plan to shrink its balance sheet.
Interest rates got a lift from those same Fed plans. The 10-year Treasury bond yield reached as high as 2.29% during the week, the highest level in more than a month. Last week, the yield briefly traded close to 2%.
'TLT' Continues To Sizzle
This week's top 10 inflows list included many familiar names. The iShares Russell 2000 ETF (IWM) and the SPDR S&P 500 ETF Trust (SPY) were the only funds to garner net inflows of more than $1 billion during the period.
The SPDR Gold Trust (GLD) also made an appearance on the list, with inflows of $575 million. At the same time, the iShares 20+ Year Treasury Bond ETF (TLT) continued to rake in money, collecting $532 million of fresh assets this week.
On the outflows side, the iShares Core S&P 500 ETF (IVV) took the top spot. This year's top inflows winner hit a roadbump, as investors pulled $1.6 billion from the fund.
Other notable flows losers this week included the ProShares Short VIX Short-Term Futures ETF (SVXY), the VelocityShares Daily Inverse VIX Short-Term ETN (XIV), the iShares JP Morgan USD Emerging Markets Bond ETF (EMB) and the iShares MSCI Canada ETF (EWC).
For a full list of this week's top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| IWM | iShares Russell 2000 ETF | 1,507.54 | 40,368.37 | 3.88% |
| SPY | SPDR S&P 500 ETF Trust | 1,148.63 | 247,002.69 | 0.47% |
| VOO | Vanguard S&P 500 ETF | 692.41 | 73,511.06 | 0.95% |
| XLF | Financial Select Sector SPDR Fund | 646.22 | 26,364.88 | 2.51% |
| GLD | SPDR Gold Trust | 575.20 | 35,922.18 | 1.63% |
| VWO | Vanguard FTSE Emerging Markets ETF | 539.77 | 63,812.64 | 0.85% |
| XLV | Health Care Select Sector SPDR Fund | 534.19 | 18,623.48 | 2.95% |
| TLT | iShares 20+ Year Treasury Bond ETF | 531.86 | 9,883.12 | 5.69% |
| HYG | iShares iBoxx $ High Yield Corporate Bond ETF | 528.89 | 19,036.41 | 2.86% |
| IWS | iShares Russell Mid-Cap Value ETF | 485.91 | 10,210.77 | 5.00% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| IVV | iShares Core S&P 500 ETF | -1,607.52 | 125,737.43 | -1.26% |
| VO | Vanguard Mid-Cap ETF | -761.32 | 19,878.21 | -3.69% |
| VB | Vanguard Small-Cap ETF | -555.54 | 19,394.72 | -2.78% |
| VBK | Vanguard Small-Cap Growth ETF | -350.59 | 6,400.43 | -5.19% |
| MDY | SPDR S&P Midcap 400 ETF Trust | -337.14 | 17,889.18 | -1.85% |
| SVXY | ProShares Short VIX Short-Term Futures ETF | -318.37 | 1,140.75 | -21.82% |
| SCHA | Schwab U.S. Small-Cap ETF | -309.39 | 5,688.47 | -5.16% |
| XIV | VelocityShares Daily Inverse VIX Short-Term ETN | -279.60 | 1,251.11 | -18.27% |
| EMB | iShares JP Morgan USD Emerging Markets Bond ETF | -279.17 | 11,674.09 | -2.34% |
| EWC | iShares MSCI Canada ETF | -274.26 | 3,032.18 | -8.29% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 1,784.47 | 1,738,563.98 | 0.10% |
| International Equity | 2,326.45 | 737,130.41 | 0.32% |
| U.S. Fixed Income | 2,489.87 | 505,120.86 | 0.49% |
| International Fixed Income | -71.76 | 54,503.08 | -0.13% |
| Commodities | 440.21 | 66,613.89 | 0.66% |
| Currency | -21.34 | 1,435.54 | -1.49% |
| Leveraged | 435.14 | 29,743.34 | 1.46% |
| Inverse | -591.98 | 17,995.23 | -3.29% |
| Asset Allocation | 53.73 | 7,564.37 | 0.71% |
| Alternatives | 193.57 | 4,245.88 | 4.56% |
| Total: | 7,038.37 | 3,162,916.57 | 0.22% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
| DIVC | C-Tracks ETN - Miller/Howard Strategic Dividend Reinvestor | 19 | 136 | 725.00% |
| DBO | PowerShares DB Oil Fund | 504,105 | 2,161,384 | 428.76% |
| PDN | Powershares FTSE RAFI Developed Markets ex-US Small-Mid ETF | 15,046 | 55,285 | 367.44% |
| INCO | Columbia India Consumer ETF | 34,561 | 143,922 | 416.43% |
| DBEZ | Deutsche X-trackers MSCI Eurozone Hedged Equity ETF | 16,781 | 40,244 | 239.82% |
| EEMO | PowerShares S&P Emerging Markets Momentum Portfolio | 75,923 | 201,415 | 265.29% |
| JPGB | JPMorgan Global Bond Opportunities ETF | 3,310 | 7,555 | 228.22% |
| HUSV | First Trust Horizon Managed Volatility Domestic ETF | 20,836 | 54,400 | 261.09% |
| EMGF | iShares Edge MSCI Multifactor Emerging Markets ETF | 38,175 | 159,242 | 417.14% |
| COMT | iShares Commodities Select Strategy ETF | 29,021 | 64,082 | 220.82% |
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.
