Weekly ETF Inflows At Record Despite Monday Selling

Weekly ETF Inflows At Record Despite Monday Selling

Annual ETF inflows hit a fresh record high despite a roadbump on Monday.

sumit
|
Senior ETF Analyst
|
Reviewed by: Sumit Roy
,
Edited by: Sumit Roy

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)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
IWMiShares Russell 2000 ETF1,507.5440,368.373.88%
SPYSPDR S&P 500 ETF Trust1,148.63247,002.690.47%
VOOVanguard S&P 500 ETF692.4173,511.060.95%
XLFFinancial Select Sector SPDR Fund646.2226,364.882.51%
GLDSPDR Gold Trust575.2035,922.181.63%
VWOVanguard FTSE Emerging Markets ETF539.7763,812.640.85%
XLVHealth Care Select Sector SPDR Fund534.1918,623.482.95%
TLTiShares 20+ Year Treasury Bond ETF531.869,883.125.69%
HYGiShares iBoxx $ High Yield Corporate Bond ETF528.8919,036.412.86%
IWSiShares Russell Mid-Cap Value ETF485.9110,210.775.00%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
IVViShares Core S&P 500 ETF-1,607.52125,737.43-1.26%
VOVanguard Mid-Cap ETF-761.3219,878.21-3.69%
VBVanguard Small-Cap ETF-555.5419,394.72-2.78%
VBKVanguard Small-Cap Growth ETF-350.596,400.43-5.19%
MDYSPDR S&P Midcap 400 ETF Trust-337.1417,889.18-1.85%
SVXYProShares Short VIX Short-Term Futures ETF-318.371,140.75-21.82%
SCHASchwab U.S. Small-Cap ETF-309.395,688.47-5.16%
XIVVelocityShares Daily Inverse VIX Short-Term ETN-279.601,251.11-18.27%
EMBiShares JP Morgan USD Emerging Markets Bond ETF-279.1711,674.09-2.34%
EWCiShares MSCI Canada ETF-274.263,032.18-8.29%

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity1,784.471,738,563.980.10%
International Equity2,326.45737,130.410.32%
U.S. Fixed Income2,489.87505,120.860.49%
International Fixed Income-71.7654,503.08-0.13%
Commodities440.2166,613.890.66%
Currency-21.341,435.54-1.49%
Leveraged435.1429,743.341.46%
Inverse-591.9817,995.23-3.29%
Asset Allocation53.737,564.370.71%
Alternatives193.574,245.884.56%
Total:7,038.373,162,916.570.22%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
DIVCC-Tracks ETN - Miller/Howard Strategic Dividend Reinvestor19136725.00%
DBOPowerShares DB Oil Fund504,1052,161,384428.76%
PDNPowershares FTSE RAFI Developed Markets ex-US Small-Mid ETF15,04655,285367.44%
INCOColumbia India Consumer ETF34,561143,922416.43%
DBEZDeutsche X-trackers MSCI Eurozone Hedged Equity ETF16,78140,244239.82%
EEMOPowerShares S&P Emerging Markets Momentum Portfolio75,923201,415265.29%
JPGBJPMorgan Global Bond Opportunities ETF3,3107,555228.22%
HUSVFirst Trust Horizon Managed Volatility Domestic ETF20,83654,400261.09%
EMGFiShares Edge MSCI Multifactor Emerging Markets ETF38,175159,242417.14%
COMTiShares Commodities Select Strategy ETF29,02164,082220.82%

 

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.

 

Sumit Roy is the senior ETF analyst for etf.com, where he has worked for 13 years. He creates a variety of content for the platform, including news articles, analysis pieces, videos and podcasts.

Before joining etf.com, Sumit was the managing editor and commodities analyst for Hard Assets Investor. In those roles, he was responsible for most of the operations of HAI, a website dedicated to education about commodities investing.

Though he still closely follows the commodities beat, Sumit covers a much broader assortment of topics for etf.com, with a particular focus on stock and bond exchange-traded funds.

He is the host of etf.com’s Talk ETFs, a popular video series that features weekly interviews with thought leaders in the ETF industry. Sumit is also co-host of Exchange Traded Fridays, etf.com’s weekly podcast series.

He lives in the San Francisco Bay Area, where he enjoys climbing the city’s steep hills, playing chess and snowboarding in Lake Tahoe.