Weekly Flows Nearly $10B As Stocks Hit Records

Record highs in the U.S. stock market gave investors confidence to buy U.S. equity 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

ETF inflows accelerated this week as fresh record highs in the U.S. stock market stoked investors’ animal spirits. A cool $9.8 billion flowed into U.S.-listed ETFs during the week ending Thursday, Aug. 30, pushing year-to-date inflows up to $172.9 billion.

The latest data, which comes from FactSet, showed the bulk of the weekly inflows going to U.S. equity ETFs—$8.3 billion. The S&P 500 leapt above 2,900 for the first time ever this week, peaking as high as 2,917 after the U.S. and Mexico secured a bilateral trade agreement.

ETFs like the Consumer Discretionary Select Sector SPDR Fund (XLY), the Industrial Select Sector SPDR Fund (XLI), the iShares PHLX Semiconductor ETF (SOXX) and the SPDR S&P BIOTECH ETF (XBI) were among the biggest flows winners this week.

EM Attracts Inflows Despite Woes

Other categories also saw inflows, though on a smaller scale. International equity ETFs took in $930 million, even as debt and currency woes continued to plague emerging markets. Argentina’s central bank hiked interest rate to 60% this week in an attempt to staunch the bleeding in its currency.

The iShares Core MSCI Emerging Markets ETF (IEMG) pulled in $410 million during the week.

Meanwhile, U.S. fixed-income ETFs had net inflows of just over $1 billion, including inflows of $319 million for the iShares iBoxx $ USD High Yield Corporate Bond ETF (HYG).

The U.S. 10-year Treasury bond yield was little changed week-over-week, last trading around 2.84%.

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
SPYSPDR S&P 500 ETF Trust2,814.26280,786.531.01%
XLYConsumer Discretionary Select Sector SPDR Fund741.8815,946.834.88%
IVViShares Core S&P 500 ETF547.27161,577.030.34%
QQQInvesco QQQ Trust509.5073,618.420.70%
IEMGiShares Core MSCI Emerging Markets ETF409.8149,620.590.83%
XLIIndustrial Select Sector SPDR Fund368.4013,323.122.84%
HYGiShares iBoxx USD High Yield Corporate Bond ETF318.8117,290.401.88%
SOXXiShares PHLX Semiconductor ETF305.202,034.6617.65%
VTIVanguard Total Stock Market ETF231.70106,064.400.22%
XBISPDR S&P BIOTECH ETF229.125,959.854.00%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
VGTVanguard Information Technology ETF-410.0522,679.78-1.78%
GLDSPDR Gold Trust-362.7929,329.89-1.22%
KRESPDR S&P Regional Banking ETF-307.355,061.09-5.73%
IYRiShares U.S. Real Estate ETF-277.394,465.56-5.85%
ACWViShares Edge MSCI Min Vol Global ETF-199.943,347.25-5.64%
VOOVanguard S&P 500 ETF-189.41100,266.61-0.19%
JNKSPDR Bloomberg Barclays High Yield Bond ETF-179.769,790.31-1.80%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF-160.9934,468.06-0.46%
TQQQProShares UltraPro QQQ-159.143,879.82-3.94%
IGSBiShares Short-Term Corporate Bond ETF-158.4410,420.48-1.50%

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity8,302.842,169,989.450.38%
International Equity930.35805,597.030.12%
U.S. Fixed Income1,024.56569,373.330.18%
International Fixed Income146.5863,717.310.23%
Commodities -388.0359,790.46-0.65%
Currency-4.361,109.02-0.39%
Leveraged-592.1238,477.19-1.54%
Inverse205.0612,695.001.62%
Asset Allocation1.419,536.220.01%
Alternatives147.044,634.703.17%
Total:9,773.343,734,919.720.26%

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity70,030.352,169,989.453.23%
International Equity36,189.47805,597.034.49%
U.S. Fixed Income53,648.94569,373.339.42%
International Fixed Income7,803.7163,717.3112.25%
Commodities -1,324.1559,790.46-2.21%
Currency-82.181,109.02-7.41%
Leveraged2,922.2238,477.197.59%
Inverse2,593.5512,695.0020.43%
Asset Allocation647.959,536.226.79%
Alternatives423.874,634.709.15%
Total:172,853.753,734,919.724.63%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
FLEEFranklin FTSE Europe ETF22,999125,653546.35%
FLQLFranklin LibertyQ U.S. Equity ETF229,117942,268411.26%
PWCInvesco Dynamic Market ETF2,4907,997321.23%
BMLPBMO Elkhorn DWA MLP Select Index ETN82261317.90%
BBRCColumbia Beyond BRICs ETF4,86914,663301.16%
VGTVanguard Information Technology ETF504,7881,260,801249.77%
HYUPXtrackers High Beta High Yield Bond ETF1228227.64%
PSCUInvesco S&P SmallCap Utilities ETF6,94214,981215.79%
KOLVanEck Vectors Coal ETF43,93988,720201.92%
RYFInvesco S&P 500 Equal Weight Financials ETF53,059100,067188.60%

 

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.