Weekly ETF Inflows Sizzle With Stock Market
U.S.-listed ETFs saw almost $19 billion in inflows during the latest week.
A sizzling start to the year for the stock market went hand in hand with a sizzling start to the year for ETF inflows. The S&P 500 gained 4% in the first 10 trading sessions of 2018, its best start to a year since 2003, according to CNBC.
At the same time, U.S.-listed ETFs took in an impressive $18.7 billion during the week ending Thursday, Jan. 11, according to the latest data from FactSet. Year-to-date inflows now stand at $17.7 billion.
Unsurprisingly, most of this week's inflows went into U.S. equity ETFs―$9.2 billion―amid growing euphoria about the state of the U.S. economy and corporate profits.
International equity ETFs weren't far behind, with $7 billion worth of inflows of their own. U.S. fixed-income ETFs and international fixed-income ETFs followed suit, with inflows of $1 billion and $1.4 billion, respectively.
Bonds were hit this week, as the U.S. two-year Treasury yield topped the 2% mark for the first time since the financial crisis on the back of expectations that the Federal Reserve will have to hike rates more aggressively this year as inflation picks up. The 10-year Treasury yield briefly touched 2.6%, close to last year's high.
Low-Cost Broad ETFs Still Favored
Just like last year, ETF investors continued to favor low-cost broad market ETFs. The SPDR S&P 500 ETF Trust (SPY) and the iShares Core S&P 500 ETF (IVV) took in a combined $5 billion this week.
The Industrial Select Sector SPDR Fund (XLI) was another favorite, garnering inflows of $1.2 billion.
In terms of international ETFs, the iShares Core MSCI Emerging Markets ETF (IEMG) and the iShares MSCI Emerging Markets ETF (EEM) had inflows of $1.1 billion and $837 million, respectively.
On the outflows side, the iShares Russell 1000 Value ETF (IWD), the Financial Select Sector SPDR Fund (XLF), the SPDR Gold Trust (GLD), the VanEck Vectors Gold Miners ETF (GDX) and the VelocityShares 3X Long Natural Gas ETN (UGAZ) were notable losers.
For a full list of this week's top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 ETF Trust | 2,720.61 | 279,066.33 | 0.98% |
| IVV | iShares Core S&P 500 ETF | 2,364.26 | 148,956.07 | 1.61% |
| XLI | Industrial Select Sector SPDR Fund | 1,223.04 | 15,076.06 | 8.83% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 1,125.63 | 45,512.84 | 2.54% |
| QQQ | PowerShares QQQ Trust | 989.15 | 60,546.65 | 1.66% |
| EEM | iShares MSCI Emerging Markets ETF | 836.79 | 41,597.46 | 2.05% |
| EMB | iShares JP Morgan USD Emerging Markets Bond ETF | 719.02 | 13,460.49 | 5.64% |
| IEFA | iShares Core MSCI EAFE ETF | 677.36 | 44,185.20 | 1.56% |
| VOO | Vanguard S&P 500 ETF | 635.47 | 86,955.45 | 0.74% |
| VEU | Vanguard FTSE All-World ex-US ETF | 487.89 | 24,313.00 | 2.05% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| IWD | iShares Russell 1000 Value ETF | -1,252.88 | 40,778.47 | -2.98% |
| XLF | Financial Select Sector SPDR Fund | -1,036.85 | 33,227.85 | -3.03% |
| IWM | iShares Russell 2000 ETF | -558.20 | 41,808.70 | -1.32% |
| XLP | Consumer Staples Select Sector SPDR Fund | -423.11 | 8,331.18 | -4.83% |
| GLD | SPDR Gold Trust | -299.59 | 35,169.92 | -0.84% |
| HYG | iShares iBoxx $ High Yield Corporate Bond ETF | -218.32 | 17,753.34 | -1.21% |
| GDX | VanEck Vectors Gold Miners ETF | -218.19 | 7,317.68 | -2.90% |
| UGAZ | VelocityShares 3X Long Natural Gas ETN | -163.94 | 599.38 | -21.48% |
| IWF | iShares Russell 1000 Growth ETF | -153.22 | 41,452.70 | -0.37% |
| CIU | iShares Intermediate Credit Bond ETF | -141.60 | 7,503.66 | -1.85% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 9,206.93 | 1,971,629.44 | 0.47% |
| International Equity | 6,992.44 | 835,638.74 | 0.84% |
| U.S. Fixed Income | 1,042.41 | 525,768.02 | 0.20% |
| International Fixed Income | 1,361.63 | 60,839.56 | 2.24% |
| Commodities | -235.75 | 67,726.73 | -0.35% |
| Currency | -0.63 | 1,244.60 | -0.05% |
| Leveraged | -95.74 | 35,148.68 | -0.27% |
| Inverse | 242.08 | 15,070.56 | 1.61% |
| Asset Allocation | 50.89 | 9,079.84 | 0.56% |
| Alternatives | 113.96 | 4,234.51 | 2.69% |
| Total: | 18,678.22 | 3,526,380.69 | 0.53% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
| HOLD | AdvisorShares Sage Core Reserves ETF | 8,742 | 56,531 | 646.68% |
| HYGH | iShares Interest Rate Hedged High Yield Bond ETF | 42,871 | 256,170 | 597.53% |
| HYHG | ProShares High Yield-Interest Rate Hedged ETF | 39,509 | 168,907 | 427.51% |
| IBDD | iShares iBonds Mar 2023 Term Corporate ETF | 13,627 | 51,757 | 379.81% |
| USMC | Principal U.S. Mega-Cap Multi-Factor Index ETF | 3,463 | 22,781 | 657.87% |
| BSJI | Guggenheim BulletShares 2018 High Yield Corporate Bond ETF | 411,030 | 1,701,081 | 413.86% |
| MOTI | VanEck Vectors Morningstar International Moat ETF | 23,841 | 83,402 | 349.83% |
| FEU | SPDR STOXX Europe 50 ETF | 78,523 | 214,887 | 273.66% |
| DMRS | DeltaShares S&P 600 Managed Risk ETF | 662 | 1,620 | 244.64% |
| DBEU | Xtrackers MSCI Europe Hedged Equity ETF | 756,272 | 2,259,186 | 298.73% |
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.
