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.
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)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 ETF Trust | 2,814.26 | 280,786.53 | 1.01% |
| XLY | Consumer Discretionary Select Sector SPDR Fund | 741.88 | 15,946.83 | 4.88% |
| IVV | iShares Core S&P 500 ETF | 547.27 | 161,577.03 | 0.34% |
| QQQ | Invesco QQQ Trust | 509.50 | 73,618.42 | 0.70% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 409.81 | 49,620.59 | 0.83% |
| XLI | Industrial Select Sector SPDR Fund | 368.40 | 13,323.12 | 2.84% |
| HYG | iShares iBoxx USD High Yield Corporate Bond ETF | 318.81 | 17,290.40 | 1.88% |
| SOXX | iShares PHLX Semiconductor ETF | 305.20 | 2,034.66 | 17.65% |
| VTI | Vanguard Total Stock Market ETF | 231.70 | 106,064.40 | 0.22% |
| XBI | SPDR S&P BIOTECH ETF | 229.12 | 5,959.85 | 4.00% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| VGT | Vanguard Information Technology ETF | -410.05 | 22,679.78 | -1.78% |
| GLD | SPDR Gold Trust | -362.79 | 29,329.89 | -1.22% |
| KRE | SPDR S&P Regional Banking ETF | -307.35 | 5,061.09 | -5.73% |
| IYR | iShares U.S. Real Estate ETF | -277.39 | 4,465.56 | -5.85% |
| ACWV | iShares Edge MSCI Min Vol Global ETF | -199.94 | 3,347.25 | -5.64% |
| VOO | Vanguard S&P 500 ETF | -189.41 | 100,266.61 | -0.19% |
| JNK | SPDR Bloomberg Barclays High Yield Bond ETF | -179.76 | 9,790.31 | -1.80% |
| LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | -160.99 | 34,468.06 | -0.46% |
| TQQQ | ProShares UltraPro QQQ | -159.14 | 3,879.82 | -3.94% |
| IGSB | iShares Short-Term Corporate Bond ETF | -158.44 | 10,420.48 | -1.50% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 8,302.84 | 2,169,989.45 | 0.38% |
| International Equity | 930.35 | 805,597.03 | 0.12% |
| U.S. Fixed Income | 1,024.56 | 569,373.33 | 0.18% |
| International Fixed Income | 146.58 | 63,717.31 | 0.23% |
| Commodities | -388.03 | 59,790.46 | -0.65% |
| Currency | -4.36 | 1,109.02 | -0.39% |
| Leveraged | -592.12 | 38,477.19 | -1.54% |
| Inverse | 205.06 | 12,695.00 | 1.62% |
| Asset Allocation | 1.41 | 9,536.22 | 0.01% |
| Alternatives | 147.04 | 4,634.70 | 3.17% |
| Total: | 9,773.34 | 3,734,919.72 | 0.26% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 70,030.35 | 2,169,989.45 | 3.23% |
| International Equity | 36,189.47 | 805,597.03 | 4.49% |
| U.S. Fixed Income | 53,648.94 | 569,373.33 | 9.42% |
| International Fixed Income | 7,803.71 | 63,717.31 | 12.25% |
| Commodities | -1,324.15 | 59,790.46 | -2.21% |
| Currency | -82.18 | 1,109.02 | -7.41% |
| Leveraged | 2,922.22 | 38,477.19 | 7.59% |
| Inverse | 2,593.55 | 12,695.00 | 20.43% |
| Asset Allocation | 647.95 | 9,536.22 | 6.79% |
| Alternatives | 423.87 | 4,634.70 | 9.15% |
| Total: | 172,853.75 | 3,734,919.72 | 4.63% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
| FLEE | Franklin FTSE Europe ETF | 22,999 | 125,653 | 546.35% |
| FLQL | Franklin LibertyQ U.S. Equity ETF | 229,117 | 942,268 | 411.26% |
| PWC | Invesco Dynamic Market ETF | 2,490 | 7,997 | 321.23% |
| BMLP | BMO Elkhorn DWA MLP Select Index ETN | 82 | 261 | 317.90% |
| BBRC | Columbia Beyond BRICs ETF | 4,869 | 14,663 | 301.16% |
| VGT | Vanguard Information Technology ETF | 504,788 | 1,260,801 | 249.77% |
| HYUP | Xtrackers High Beta High Yield Bond ETF | 12 | 28 | 227.64% |
| PSCU | Invesco S&P SmallCap Utilities ETF | 6,942 | 14,981 | 215.79% |
| KOL | VanEck Vectors Coal ETF | 43,939 | 88,720 | 201.92% |
| RYF | Invesco S&P 500 Equal Weight Financials ETF | 53,059 | 100,067 | 188.60% |
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.
