Weekly Flows Nearly $10B As Stocks Hit Records

Senior ETF Analyst

Aug 31, 2018

Reviewed by: Sumit Roy

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)

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.

Sumit Roy

| Contact: [email protected]

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.

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Weekly Flows Nearly $10B As Stocks Hit Records

Weekly Flows Nearly $10B As Stocks Hit Records

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