Weekly ETF Inflows Total Massive $10 Billion
Investors plowed billions into U.S.-listed exchange-traded funds as sentiment improved.
A massive $10 billion flowed into U.S.-listed exchange-traded funds this week as investors grew comfortable with the idea that the Federal Reserve may hike interest rates in the coming months. The S&P 500 neared the 2,100 level, reaching a one-month high.
The biggest beneficiaries of this week's positive sentiment were U.S. equity ETFs, which took in $9.1 billion in the week ending Thursday, May 26, according to FactSet data. U.S. fixed-income ETFs also were in favor, garnering net inflows of $1.3 billion, while international equity ETFs had net outflows of $1.4 billion.
SPY & GLD See Inflows
As is typical in a week of big inflows, the SPDR S&P 500 ETF (SPY | A-97) was at the top of the heap. SPY had inflows of $2.6 billion, which was followed by the iShares Russell 2000 ETF (IWM | A-91), with inflows of $1.5 billion.
Meanwhile, once again the SPDR Gold Trust (GLD | A-100) had notable inflows—$333 million—despite the fact that gold prices fell to a three-month low below $1,210/oz amid growing rate hike expectations.
EEM & International Equity ETFs Lead Outflows
On the other end of the spectrum was the iShares MSCI Emerging Markets ETF (EEM | B-100), with outflows of $1.2 billion, the most of any ETF.
Coming in second and third on the outflows list were two other international ETFs: the iShares MSCI Eurozone ETF (EZU | A-84), with outflows of $285 million; and the WisdomTree Europe Hedged Equity Fund (HEDJ | B-47), with outflows of $256 million.
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 ETF Trust | 2,622.76 | 184,822.54 | 1.44% |
| IWM | iShares Russell 2000 ETF | 1,509.86 | 25,615.85 | 6.26% |
| VOO | Vanguard S&P 500 Index Fund | 979.23 | 45,061.85 | 2.22% |
| VEA | Vanguard FTSE Developed Markets ETF | 558.84 | 32,679.99 | 1.74% |
| XLP | Consumer Staples Select Sector SPDR Fund | 433.39 | 9,697.12 | 4.68% |
| VTV | Vanguard Value Index Fund | 397.21 | 21,310.80 | 1.90% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 354.65 | 10,943.06 | 3.35% |
| GLD | SPDR Gold Trust | 333.34 | 34,076.33 | 0.99% |
| VTI | Vanguard Total Stock Market Index Fund | 325.50 | 60,653.79 | 0.54% |
| IWD | iShares Russell 1000 Value ETF | 315.25 | 27,576.61 | 1.16% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| EEM | iShares MSCI Emerging Markets ETF | -1,245.51 | 21,650.79 | -5.44% |
| EZU | iShares MSCI Eurozone ETF | -285.26 | 10,675.61 | -2.60% |
| HEDJ | WisdomTree Europe Hedged Equity Fund | -256.41 | 12,754.12 | -1.97% |
| XLK | Technology Select Sector SPDR Fund | -251.14 | 12,427.71 | -1.98% |
| DXJ | WisdomTree Japan Hedged Equity Fund | -247.00 | 8,471.65 | -2.83% |
| IYR | iShares U.S. Real Estate ETF | -230.52 | 4,467.57 | -4.91% |
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | -225.35 | 28,219.28 | -0.79% |
| USO | United States Oil Fund LP | -155.64 | 3,536.01 | -4.22% |
| HEZU | iShares Currency Hedged MSCI Eurozone ETF | -149.19 | 1,905.57 | -7.26% |
| VGK | Vanguard FTSE Europe ETF | -140.01 | 13,813.56 | -1.00% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 9,135.19 | 1,205,720.23 | 0.76% |
| International Equity | -1,409.37 | 466,066.26 | -0.30% |
| U.S. Fixed Income | 1,253.00 | 372,654.44 | 0.34% |
| International Fixed Income | 29.27 | 33,908.87 | 0.09% |
| Commodities | 271.93 | 64,590.63 | 0.42% |
| Currency | -0.36 | 1,203.20 | -0.03% |
| Leveraged | 125.04 | 23,819.93 | 0.52% |
| Inverse | 416.47 | 21,217.26 | 1.96% |
| Asset Allocation | 24.11 | 5,738.79 | 0.42% |
| Alternatives | 168.06 | 4,106.99 | 4.09% |
| Total: | 10,013.34 | 2,199,026.61 | 0.46% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
| IAGG | iShares Core International Aggregate Bond ETF | 19,564 | 103,845 | 530.79% |
| FYT | First Trust Small Cap Value AlphaDEX Fund | 48,124 | 131,105 | 272.43% |
| REET | iShares Global REIT ETF | 53,909 | 118,437 | 219.70% |
| PKB | PowerShares Dynamic Building & Construction Portfolio | 14,471 | 38,014 | 262.69% |
| FIBR | iShares Edge U.S. Fixed Income Balanced Risk ETF | 536 | 1,048 | 195.58% |
| DIVC | C-Tracks ETN - Miller/Howard Strategic Dividend Reinvestor | 301 | 374 | 123.98% |
| VIOO | Vanguard S&P Small Cap 600 Index Fund ETF | 11,665 | 20,514 | 175.85% |
| EFV | iShares MSCI EAFE Value ETF | 303,302 | 808,426 | 266.54% |
| DVYA | iShares Asia/Pacific Dividend ETF | 8,499 | 15,453 | 181.81% |
| REGL | ProShares S&P MidCap 400 Dividend Aristocrats ETF | 39,051 | 62,131 | 159.10% |
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.
