Weekly ETF Inflows Top $15B
Year-to-date inflows now stand at $135.1 billion after the strong week.
After seeing their eight-week inflows streak snapped last week, U.S.-listed ETFs are at it again. During the latest week, they collected $15.3 billion in fresh money from investors, pushing year-to-date inflows up to $135.1 billion.
The data, which comes from FactSet and measures the week ending Thursday, June 14, showed U.S. equity ETFs taking the bulk of the inflows. More than $15 billion entered that segment, easily making up for the outflows from international equity ETFs, international fixed-income ETFs and commodity ETFs.
U.S. fixed-income ETFs were the only other area to see notable inflows during the week—$2.8 billion entered the segment.
Equity Rally Picks Up Steam
It’s not hard to see why investors were so enthusiastic about U.S. stocks this week. The S&P 500 rallied to its highest level since March as investors shrugged off concerns about a brewing trade war between the U.S. and China, and instead fixated on strong economic growth.
The latest estimates suggest that U.S. GDP growth could challenge 4% during the second quarter after blockbuster retail sales data for May bolstered the outlook for the world’s largest economy.
Small-cap stocks, which are less affected by trade, hit fresh all-time highs during the week.
Meanwhile, in fixed-income markets, Treasuries rallied despite a rate hike by the Fed on Wednesday and a new central bank forecast that indicated two more rate hikes later this year.
Offsetting the Fed was a dovish monetary policy meeting in Europe. The European Central Bank said it would end its quantitative easing program by the end of the year, but it would leave interest rates close to zero until the summer of next year—longer than many had expected. The move pushed eurozone bond yields down, and in turn, U.S. yields also moved down.
The U.S. 10-year Treasury yield was last trading at 2.92%, down slightly from 2.94% a week ago.
Vanguard Dominates
In terms of individual ETF flows for the week, Vanguard funds dominated the top 10. Seven of the 10 ETFs with the largest inflows were Vanguard funds, including the Vanguard High Dividend Yield ETF (VYM), the Vanguard Small-Cap ETF (VB) and the Vanguard Value ETF (VTV).
The only non-Vanguard ETFs to make the cut were rival funds from the likes of iShares and State Street.
On the outflows side, the iShares Core S&P 500 ETF (IVV), the iShares MSCI Emerging Markets ETF (EEM) and the iShares Russell 2000 ETF (IWM) were the biggest losers.
Email Sumit Roy at [email protected] or follow him on Twitter sumitroy2
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| VYM | Vanguard High Dividend Yield ETF | 3,259.45 | 24,526.98 | 15.33% |
| VB | Vanguard Small-Cap ETF | 2,174.69 | 25,993.01 | 9.13% |
| VTV | Vanguard Value ETF | 1,221.45 | 39,254.07 | 3.21% |
| IJH | iShares Core S&P Mid-Cap ETF | 947.31 | 48,966.37 | 1.97% |
| VBK | Vanguard Small-Cap Growth ETF | 848.73 | 9,145.52 | 10.23% |
| IJR | iShares Core S&P Small Cap ETF | 788.68 | 43,814.62 | 1.83% |
| VUG | Vanguard Growth ETF | 646.53 | 36,562.44 | 1.80% |
| VO | Vanguard Mid-Cap ETF | 624.90 | 24,002.36 | 2.67% |
| VBR | Vanguard Small-Cap Value ETF | 611.17 | 14,320.52 | 4.46% |
| SPY | SPDR S&P 500 ETF Trust | 599.78 | 267,960.83 | 0.22% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| IVV | iShares Core S&P 500 ETF | -2,707.66 | 152,474.47 | -1.74% |
| EEM | iShares MSCI Emerging Markets ETF | -1,380.36 | 37,141.41 | -3.58% |
| IWM | iShares Russell 2000 ETF | -1,010.05 | 47,493.70 | -2.08% |
| QQQ | Invesco QQQ Trust | -962.66 | 66,135.86 | -1.43% |
| VGK | Vanguard FTSE Europe ETF | -505.47 | 17,972.84 | -2.74% |
| XLK | Technology Select Sector SPDR Fund | -423.40 | 22,339.74 | -1.86% |
| LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | -366.06 | 31,933.99 | -1.13% |
| SMH | VanEck Vectors Semiconductor ETF | -317.28 | 1,112.28 | -22.19% |
| BIV | Vanguard Intermediate-Term Bond ETF | -289.99 | 14,408.44 | -1.97% |
| OEF | iShares S&P 100 | -289.00 | 4,804.66 | -5.67% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 15,024.90 | 2,053,246.86 | 0.73% |
| International Equity | -2,122.41 | 839,086.89 | -0.25% |
| U.S. Fixed Income | 2,750.13 | 545,925.85 | 0.50% |
| International Fixed Income | -136.57 | 61,823.10 | -0.22% |
| Commodities | -332.71 | 68,724.82 | -0.48% |
| Currency | -21.78 | 1,225.15 | -1.78% |
| Leveraged | -93.01 | 36,868.53 | -0.25% |
| Inverse | 82.69 | 13,373.01 | 0.62% |
| Asset Allocation | 113.23 | 9,508.43 | 1.19% |
| Alternatives | 36.91 | 4,391.86 | 0.84% |
| Total: | 15,301.39 | 3,634,174.51 | 0.42% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
| FLEU | Barclays ETN+ FI Enhanced Europe 50 ETN Series B | 3,948 | 23,646 | 598.90% |
| IG | Principal Investment Grade Corporate Active ETF | 66 | 325 | 492.68% |
| NFLT | Virtus Newfleet Multi-Sector Bond ETF | 28,016 | 80,557 | 287.54% |
| HYDW | Xtrackers Low Beta High Yield Bond ETF | 188 | 350 | 186.03% |
| RWL | Oppenheimer S&P 500 Revenue ETF | 80,399 | 179,129 | 222.80% |
| IYK | iShares U.S. Consumer Goods ETF | 56,990 | 96,186 | 168.78% |
| FFEU | Barclays ETN+ FI Enhanced Europe 50 ETN Series C | 20,496 | 35,460 | 173.01% |
| EXT | WisdomTree U.S. Total Earnings Fund | 5,367 | 9,837 | 183.26% |
| IHF | iShares U.S. Healthcare Providers ETF | 21,356 | 40,192 | 188.19% |
| EET | ProShares Ultra MSCI Emerging Markets | 11,414 | 19,130 | 167.60% |
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.
