Weekly ETF Outflows A Hefty $17.4B

Sell-off in stocks pushes investors to pull money out of U.S.-listed ETFs.

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

A down week on Wall Street led to a down week for ETF flows. Fresh trade-war-induced economic worries pushed the S&P 500 sharply lower early this week as ETF investors pulled $17.4 billion from U.S.-listed ETFs.

The data, which measures the week ending Thursday, Aug. 8, showed outflows of $10.9 billion from U.S. equity ETFs and outflows of $5 billion for international equity ETFs.

ETFs like the SPDR S&P 500 ETF Trust (SPY) and the iShares MSCI Emerging Markets ETF (EEM) had the largest redemptions this week, partially offset by inflows for funds like the iShares Core S&P 500 ETF (IVV), the iShares Edge MSCI Min Vol U.S.A. ETF (USMV) and the SPDR Gold Trust (GLD).

The S&P 500 dropped 3% on Monday, its biggest one-day loss of the year, before rebounding over the next few days.

Continued escalation of the U.S.-China trade war and deteriorating economic data around the world had investors feeling anxious. In turn, bets that the Federal Reserve will keep cutting rates next month picked up, and the U.S. 10-year Treasury yield briefly fell below 1.6% on Wednesday before rebounding to last trade around 1.73%.

Investors took $2.2 billion out of U.S. fixed income ETFs, but the segment still has strong net inflows of $71.6 billion for the year as a whole.

Combining all ETFS, year-to-date net inflows now stand at $129.8 billion, behind last year’s pace of $155.6 billion.

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 ETF2,860.64179,427.571.59%
VOOVanguard S&P 500 ETF1,019.62116,241.380.88%
XLPConsumer Staples Select Sector SPDR Fund901.6613,210.636.83%
USMViShares Edge MSCI Min Vol U.S.A. ETF890.5431,363.652.84%
GLDSPDR Gold Trust550.4440,650.991.35%
XLKTechnology Select Sector SPDR Fund486.7421,626.882.25%
USHYiShares Broad USD High Yield Corporate Bond ETF443.361,859.4823.84%
IJHiShares Core S&P Mid-Cap ETF401.8249,170.910.82%
BNDVanguard Total Bond Market ETF377.0843,311.000.87%
ITOTiShares Core S&P Total U.S. Stock Market ETF338.4121,246.081.59%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-10,714.08256,916.39-4.17%
EEMiShares MSCI Emerging Markets ETF-2,828.6826,312.43-10.75%
QQQInvesco QQQ Trust-2,786.0969,935.96-3.98%
IWMiShares Russell 2000 ETF-1,820.9239,609.18-4.60%
HYGiShares iBoxx USD High Yield Corporate Bond ETF-1,708.0816,636.36-10.27%
XLFFinancial Select Sector SPDR Fund-1,657.9022,227.46-7.46%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF-1,106.1735,562.99-3.11%
IEMGiShares Core MSCI Emerging Markets ETF-1,046.2452,984.84-1.97%
VCITVanguard Intermediate-Term Corporate Bond ETF-715.3823,480.88-3.05%
JNKSPDR Bloomberg Barclays High Yield Bond ETF-576.258,789.07-6.56%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-10,932.442,205,934.53-0.50%
International Equity-4,978.03785,643.77-0.63%
U.S. Fixed Income-2,233.85697,136.68-0.32%
International Fixed Income152.5379,992.620.19%
Commodities 763.9375,250.331.02%
Currency-26.381,428.99-1.85%
Leveraged211.3735,779.140.59%
Inverse-203.8712,271.33-1.66%
Asset Allocation172.159,754.081.76%
Alternatives-302.424,706.42-6.43%
Total:-17,377.003,907,897.89-0.44%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity42,787.522,205,934.531.94%
International Equity3,987.46785,643.770.51%
U.S. Fixed Income71,591.53697,136.6810.27%
International Fixed Income9,802.2379,992.6212.25%
Commodities 3,148.4675,250.334.18%
Currency-360.471,428.99-25.23%
Leveraged-5,443.2135,779.14-15.21%
Inverse3,644.7912,271.3329.70%
Asset Allocation-1.689,754.08-0.02%
Alternatives673.184,706.4214.30%
Total:129,829.803,907,897.893.32%

 

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
PRNInvesco DWA Industrials Momentum ETF13,12146,715356.02%
PGFInvesco Financial Preferred ETF453,8751,396,688307.73%
ARCMArrow Reserve Capital Management ETF8141,900233.39%
COMBGraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF36,723100,636274.04%
UAEiShares MSCI UAE ETF27,84171,846258.05%
EISiShares MSCI Israel ETF26,63476,259286.32%
MDYVSPDR S&P 400 Mid Cap Value ETF96,952276,795285.50%
ONEVSPDR Russell 1000 Low Volatility Focus11,57528,591247.01%
TMVDirexion Daily 20+ Year Treasury Bear 3x Shares874,7712,549,024291.39%
ESGGFlexShares STOXX Global ESG Impact Index Fund1,1473,508305.72%

 

 

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.