Weekly ETF Inflows Streak Snapped

Senior ETF Analyst

Jun 08, 2018

Reviewed by: Sumit Roy

Edited by: Sumit Roy

It was a good run, but after eight-straight weeks of inflows, ETFs registered an outflow this week. A net $3.4 billion was pulled out of U.S.-listed ETFs during the week ending Thursday, June 7, according to FactSet. That pushed year-to-date inflows down to $119.7 billion.

Despite the week’s net outflows, there were some bright spots. The Schwab U.S. TIPS ETF (SCHP) saw a stellar $1 billion worth of creations, representing a 25% increase in the fund’s assets under management (AUM). At the same time, the Schwab Intermediate-Term U.S. Treasury ETF (SCHR) picked up a cool $810 million, representing an increase of 43% in its AUM.

Hefty Outflows

The big inflows into SCHP and SCHR helped offset hefty outflows from other fixed-income ETFs, such as the iShares 1-3 Year Treasury Bond ETF (SHY) and the iShares 0-5 Year High Yield Corporate Bond ETF (SHYG), which had redemptions of a combined $2.3 billion.

U.S. fixed-income ETFs had net inflows of $1.4 billion for the week, even as the U.S. 10-year Treasury yield jumped 11 basis points week-over-week to 2.94%, and the two-year yield gained 3 basis points to 2.5% (bond prices and yields move inversely).

On the other hand, U.S. equity ETFs and international equity ETFs had a combined $2.7 billion worth of outflows during the week despite a strong rally in the stock market. The Russell 2000 hit a fresh record high, while the S&P 500 hit a three-week high during the period.

The SPDR S&P 500 ETF Trust (SPY), the Invesco QQQ Trust (QQQ) and the iShares Edge MSCI Min Vol U.S.A. ETF (USMV) were the biggest flows losers during the week.

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
SCHP	Schwab U.S. TIPS ETF	1,048.71	5,247.88	24.97%
XLK	Technology Select Sector SPDR Fund	812.69	22,953.94	3.67%
SCHR	Schwab Intermediate-Term U.S. Treasury ETF	810.03	2,678.36	43.36%
IWM	iShares Russell 2000 ETF	562.66	48,476.35	1.17%
IJR	iShares Core S&P Small Cap ETF	531.66	43,135.96	1.25%
XLY	Consumer Discretionary Select Sector SPDR Fund	428.94	14,091.22	3.14%
VMBS	Vanguard Mortgage-Backed Securities ETF	380.74	5,830.84	6.99%
TLT	iShares 20+ Year Treasury Bond ETF	358.27	6,805.42	5.56%
FLOT	iShares Floating Rate Bond ETF	315.52	9,979.82	3.26%
IEI	iShares 3-7 Year Treasury Bond ETF	276.67	7,408.79	3.88%

Top 10 Redemptions (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
SPY	SPDR S&P 500 ETF Trust	-1,992.09	266,972.33	-0.74%
QQQ	Invesco QQQ Trust	-1,341.04	67,140.29	-1.96%
SHY	iShares 1-3 Year Treasury Bond ETF	-1,207.13	12,704.85	-8.68%
SHYG	iShares 0-5 Year High Yield Corporate Bond ETF	-1,071.26	2,407.38	-30.80%
USMV	iShares Edge MSCI Min Vol U.S.A. ETF	-935.37	14,699.72	-5.98%
GLD	SPDR Gold Trust	-592.19	34,799.48	-1.67%
MTUM	iShares Edge MSCI U.S.A. Momentum Factor ETF	-552.74	9,465.52	-5.52%
QUAL	iShares Edge MSCI U.S.A. Quality Factor ETF	-519.81	5,271.89	-8.98%
IVV	iShares Core S&P 500 ETF	-452.07	154,945.27	-0.29%
EMLC	VanEck Vectors J.P. Morgan EM Local Currency Bond ETF	-379.46	4,660.44	-7.53%

ETF Weekly Flows By Asset Class

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	-1,832.69	2,036,438.68	-0.09%
International Equity	-910.75	843,701.38	-0.11%
U.S. Fixed Income	1,428.01	542,923.28	0.26%
International Fixed Income	-883.35	62,187.23	-1.42%
Commodities	-737.47	68,895.83	-1.07%
Currency	-11.81	1,250.40	-0.94%
Leveraged	-435.52	37,062.03	-1.18%
Inverse	7.63	13,351.21	0.06%
Asset Allocation	10.20	9,396.56	0.11%
Alternatives	5.87	4,348.83	0.14%
Total:	-3,359.88	3,619,555.42	-0.09%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker	Name	Average Volume (30 Day)	1 Week Average Volume	% of Average
USHY	iShares Broad USD High Yield Corporate Bond ETF	10,913	70,911	649.78%
DWX	SPDR S&P International Dividend ETF	264,053	1,280,118	484.80%
RTH	VanEck Vectors Retail ETF	14,166	65,069	459.34%
JPGB	JPMorgan Global Bond Opportunities ETF	13,427	50,228	374.07%
HYLB	Xtrackers USD High Yield Corporate Bond ETF	990,127	3,887,835	392.66%
CHIQ	Global X China Consumer ETF	123,277	435,765	353.48%
EWMC	Invesco S&P MidCap 400 Equal Weight ETF	4,627	14,349	310.13%
RISE	Sit Rising Rate ETF	26,936	77,916	289.26%
EFG	iShares MSCI EAFE Growth ETF	194,099	803,292	413.86%
BIZD	VanEck Vectors BDC Income ETF	53,057	139,495	262.91%

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

| Contact: [email protected]

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.

View Bio Follow Author

Weekly ETF Inflows Streak Snapped

Weekly ETF Inflows Streak Snapped

Related Stories

Related Topics

More From Sumit Roy

Related Media