Weekly ETF Inflows Top $15B

Year-to-date inflows now stand at $135.1 billion after the strong 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 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.

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Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
VYMVanguard High Dividend Yield ETF3,259.4524,526.9815.33%
VBVanguard Small-Cap ETF2,174.6925,993.019.13%
VTVVanguard Value ETF1,221.4539,254.073.21%
IJHiShares Core S&P Mid-Cap ETF947.3148,966.371.97%
VBKVanguard Small-Cap Growth ETF848.739,145.5210.23%
IJRiShares Core S&P Small Cap ETF788.6843,814.621.83%
VUGVanguard Growth ETF646.5336,562.441.80%
VOVanguard Mid-Cap ETF624.9024,002.362.67%
VBRVanguard Small-Cap Value ETF611.1714,320.524.46%
SPYSPDR S&P 500 ETF Trust599.78267,960.830.22%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
IVViShares Core S&P 500 ETF-2,707.66152,474.47-1.74%
EEMiShares MSCI Emerging Markets ETF-1,380.3637,141.41-3.58%
IWMiShares Russell 2000 ETF-1,010.0547,493.70-2.08%
QQQInvesco QQQ Trust-962.6666,135.86-1.43%
VGKVanguard FTSE Europe ETF-505.4717,972.84-2.74%
XLKTechnology Select Sector SPDR Fund-423.4022,339.74-1.86%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF-366.0631,933.99-1.13%
SMHVanEck Vectors Semiconductor ETF-317.281,112.28-22.19%
BIVVanguard Intermediate-Term Bond ETF-289.9914,408.44-1.97%
OEFiShares S&P 100-289.004,804.66-5.67%

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity15,024.902,053,246.860.73%
International Equity-2,122.41839,086.89-0.25%
U.S. Fixed Income2,750.13545,925.850.50%
International Fixed Income-136.5761,823.10-0.22%
Commodities -332.7168,724.82-0.48%
Currency-21.781,225.15-1.78%
Leveraged-93.0136,868.53-0.25%
Inverse82.6913,373.010.62%
Asset Allocation113.239,508.431.19%
Alternatives36.914,391.860.84%
Total:15,301.393,634,174.510.42%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
FLEUBarclays ETN+ FI Enhanced Europe 50 ETN Series B3,94823,646598.90%
IGPrincipal Investment Grade Corporate Active ETF66325492.68%
NFLTVirtus Newfleet Multi-Sector Bond ETF28,01680,557287.54%
HYDWXtrackers Low Beta High Yield Bond ETF188350186.03%
RWLOppenheimer S&P 500 Revenue ETF80,399179,129222.80%
IYKiShares U.S. Consumer Goods ETF56,99096,186168.78%
FFEUBarclays ETN+ FI Enhanced Europe 50 ETN Series C20,49635,460173.01%
EXTWisdomTree U.S. Total Earnings Fund5,3679,837183.26%
IHFiShares U.S. Healthcare Providers ETF21,35640,192188.19%
EETProShares Ultra MSCI Emerging Markets11,41419,130167.60%

 

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.

 

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.