Weekly ETF Inflows Streak Snapped

After eight-straight weeks of inflows, ETFs registered outflows.

sumit
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Senior ETF Analyst
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Reviewed by: Sumit Roy
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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)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SCHPSchwab U.S. TIPS ETF1,048.715,247.8824.97%
XLKTechnology Select Sector SPDR Fund812.6922,953.943.67%
SCHRSchwab Intermediate-Term U.S. Treasury ETF810.032,678.3643.36%
IWMiShares Russell 2000 ETF562.6648,476.351.17%
IJRiShares Core S&P Small Cap ETF531.6643,135.961.25%
XLYConsumer Discretionary Select Sector SPDR Fund428.9414,091.223.14%
VMBSVanguard Mortgage-Backed Securities ETF380.745,830.846.99%
TLTiShares 20+ Year Treasury Bond ETF358.276,805.425.56%
FLOTiShares Floating Rate Bond ETF315.529,979.823.26%
IEIiShares 3-7 Year Treasury Bond ETF276.677,408.793.88%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-1,992.09266,972.33-0.74%
QQQInvesco QQQ Trust-1,341.0467,140.29-1.96%
SHYiShares 1-3 Year Treasury Bond ETF-1,207.1312,704.85-8.68%
SHYGiShares 0-5 Year High Yield Corporate Bond ETF-1,071.262,407.38-30.80%
USMViShares Edge MSCI Min Vol U.S.A. ETF-935.3714,699.72-5.98%
GLDSPDR Gold Trust-592.1934,799.48-1.67%
MTUMiShares Edge MSCI U.S.A. Momentum Factor ETF-552.749,465.52-5.52%
QUALiShares Edge MSCI U.S.A. Quality Factor ETF-519.815,271.89-8.98%
IVViShares Core S&P 500 ETF-452.07154,945.27-0.29%
EMLCVanEck Vectors J.P. Morgan EM Local Currency Bond ETF-379.464,660.44-7.53%

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-1,832.692,036,438.68-0.09%
International Equity-910.75843,701.38-0.11%
U.S. Fixed Income1,428.01542,923.280.26%
International Fixed Income-883.3562,187.23-1.42%
Commodities-737.4768,895.83-1.07%
Currency-11.811,250.40-0.94%
Leveraged-435.5237,062.03-1.18%
Inverse7.6313,351.210.06%
Asset Allocation10.209,396.560.11%
Alternatives5.874,348.830.14%
Total:-3,359.883,619,555.42-0.09%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
USHYiShares Broad USD High Yield Corporate Bond ETF10,91370,911649.78%
DWXSPDR S&P International Dividend ETF264,0531,280,118484.80%
RTHVanEck Vectors Retail ETF14,16665,069459.34%
JPGBJPMorgan Global Bond Opportunities ETF13,42750,228374.07%
HYLBXtrackers USD High Yield Corporate Bond ETF990,1273,887,835392.66%
CHIQGlobal X China Consumer ETF123,277435,765353.48%
EWMCInvesco S&P MidCap 400 Equal Weight ETF4,62714,349310.13%
RISESit Rising Rate ETF26,93677,916289.26%
EFGiShares MSCI EAFE Growth ETF194,099803,292413.86%
BIZDVanEck Vectors BDC Income ETF53,057139,495262.91%

 

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 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.