Weekly ETF Inflows Tepid

Investors took a wait-and-see approach to the markets this week.

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

After several weeks of intense positioning, investors took a breather this week. On net, they left their ETF holdings little changed—only adding $972 million in new money to the space during the week ending Thursday, April 26. That pushed year-to-date inflows slightly higher to $81.5 billion.

As has largely been the case all year long, ETF flows followed the market. Despite seeing big moves up and down during the week, the S&P 500 finished the week close to unchanged—mirroring flows.

With the Q2 earnings season in full swing, corporations have been hitting it out of the park. According to Bloomberg, 82% of companies that have reported so far have beaten estimates, the largest percentage on record. However, nagging concerns about trade, slowing growth overseas, and interest rates offset the rosy-profits picture.

Meanwhile, as the stock market stalled, the bond market saw action. The U.S. 10-year Treasury yield hit a four-year high of 3.04% on Wednesday before backing down to last trade at 2.96% on Friday.

‘SPTM’ Assets Increase By A Quarter

Taking a look at individual ETFs, the iShares Core S&P 500 ETF (IVV), the iShares Core MSCI EAFE ETF (IEFA) and the iShares 20+ Year Treasury Bond ETF (TLT) were the week’s biggest inflows winners.

On a percentage basis, the SPDR Portfolio Total Stock Market ETF (SPTM) had the largest jump, with an AUM increase of 24%.

On the other side of the ledger, the PowerShares QQQ Trust (QQQ), the SPDR S&P 500 ETF Trust (SPY) and the iShares Russell 2000 ETF (IWM) were the ETFs with the largest outflows 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
IVViShares Core S&P 500 ETF1,852.17142,094.431.32%
IEFAiShares Core MSCI EAFE ETF1,310.6358,408.592.30%
TLTiShares 20+ Year Treasury Bond ETF828.267,634.1012.17%
AGGiShares Core U.S. Aggregate Bond ETF604.6655,542.031.10%
LQDiShares iBoxx $ Investment Grade Corporate Bond ETF575.1332,227.731.82%
SHViShares Short Treasury Bond ETF485.2813,843.973.63%
XLFFinancial Select Sector SPDR Fund429.4332,669.891.33%
XLPConsumer Staples Select Sector SPDR Fund423.397,575.895.92%
IEFiShares 7-10 Year Treasury Bond ETF374.378,775.904.46%
SPTMSPDR Portfolio Total Stock Market ETF357.491,844.3224.04%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
QQQPowerShares QQQ Trust-1,961.9258,549.60-3.24%
SPYSPDR S&P 500 ETF Trust-1,824.61251,411.35-0.72%
IWMiShares Russell 2000 ETF-1,056.9742,482.35-2.43%
HYGiShares iBoxx $ High Yield Corporate Bond ETF-682.3914,447.77-4.51%
XLKTechnology Select Sector SPDR Fund-616.2119,431.68-3.07%
XLIIndustrial Select Sector SPDR Fund-601.2812,748.07-4.50%
JNKSPDR Bloomberg Barclays High Yield Bond ETF-556.879,021.86-5.81%
XLYConsumer Discretionary Select Sector SPDR Fund-469.8212,693.87-3.57%
DIASPDR Dow Jones Industrial Average ETF Trust-391.5820,902.64-1.84%
VNQVanguard Real Estate ETF-327.8828,688.71-1.13%

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-3,223.921,898,203.60-0.17%
International Equity1,839.22840,681.970.22%
U.S. Fixed Income2,612.60533,043.960.49%
International Fixed Income-168.5263,723.93-0.26%
Commodities 439.3771,016.630.62%
Currency0.00157.490.00%
Leveraged-23.4534,720.97-0.07%
Inverse-209.6013,764.85-1.52%
Asset Allocation17.039,120.790.19%
Alternatives-310.254,218.97-7.35%
Total:972.493,468,653.170.03%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
IGNiShares North American Tech-Multimedia Networking ETF16,51166,417402.26%
TBXProShares Short 7-10 Year Treasury61,884170,558275.61%
MEARiShares Short Maturity Municipal Bond ETF13,52842,743315.97%
HDMVFirst Trust Horizon Managed Volatility Developed International ETF14,78137,258252.07%
EIRLiShares MSCI Ireland ETF11,39727,988245.58%
IAIiShares U.S. Broker-Dealers & Securities Exchanges ETF90,416215,281238.10%
TLTEFlexShares Morningstar Emerging Markets Factor Tilt Index27,76159,622214.77%
WOODiShares Global Timber & Forestry ETF59,135124,287210.17%
JPSEJPMorgan Diversified Return U.S. Small Cap Equity ETF19,73334,643175.56%
DOOWisdomTree International Dividend ex-Financials Fund9,81515,654159.49%

 

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.