Weekly Flows Rebound To $6B
ETFs like ‘BIL’ and ‘SHY’ topped the weekly inflows list.
Bargains and safety were the two themes investors embraced this week as volatility continued to slam markets. All told, investors added $6.6 billion to U.S.-listed ETFs during the week ending Thursday, Nov. 1, pushing year-to-date inflows up to $214 billion.
The S&P 500 briefly fell to a six-month low on Monday before rebounding on the back of bargain buying. Funds like the iShares Russell 1000 Value ETF (IWD), the Vanguard Total Stock Market ETF (VTI) and the iShares Core S&P 500 ETF (IVV) were favored by investors looking for low-cost exposure to U.S. stocks.
At the same time, investors rushed into short-term fixed-income ETFs, taking advantage of the safety and solid yields they provide, with minimal interest rate risk. The SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (BIL) and the iShares 1-3 Year Treasury Bond ETF (SHY) had inflows of $957 million and $839 million, respectively, during the week.
On the flip side, bond funds with more interest rate risk, such as the iShares Core U.S. Aggregate Bond ETF (AGG) and the iShares TIPS Bond ETF (TIP), were shunned as the U.S. 10-year Treasury yield eclipsed 3.2%, close to recent highs (bond yields and prices move inversely).
For a full list of this week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
BIL | SPDR Bloomberg Barclays 1-3 Month T-Bill ETF | 956.87 | 5,320.35 | 17.99% |
SHY | iShares 1-3 Year Treasury Bond ETF | 839.01 | 15,098.22 | 5.56% |
IWD | iShares Russell 1000 Value ETF | 651.11 | 36,585.48 | 1.78% |
VTI | Vanguard Total Stock Market ETF | 553.26 | 99,721.25 | 0.55% |
IVV | iShares Core S&P 500 ETF | 549.02 | 158,362.35 | 0.35% |
MINT | PIMCO Enhanced Short Maturity Active ETF | 497.58 | 11,413.31 | 4.36% |
VOO | Vanguard S&P 500 ETF | 493.57 | 99,387.55 | 0.50% |
SHV | iShares Short Treasury Bond ETF | 463.70 | 15,635.85 | 2.97% |
XLB | Materials Select Sector SPDR Fund | 457.76 | 4,098.80 | 11.17% |
GLD | SPDR Gold Trust | 439.66 | 29,709.15 | 1.48% |
Top 10 Redemptions (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
SPY | SPDR S&P 500 ETF Trust | -601.40 | 256,708.25 | -0.23% |
IWM | iShares Russell 2000 ETF | -455.96 | 44,641.10 | -1.02% |
AGG | iShares Core U.S. Aggregate Bond ETF | -376.88 | 52,577.99 | -0.72% |
BKLN | Invesco Senior Loan ETF | -369.26 | 6,685.63 | -5.52% |
IWB | iShares Russell 1000 ETF | -339.35 | 16,903.80 | -2.01% |
MDY | SPDR S&P Midcap 400 ETF Trust | -328.67 | 18,393.06 | -1.79% |
TIP | iShares TIPS Bond ETF | -327.34 | 22,223.15 | -1.47% |
RSP | Invesco S&P 500 Equal Weight ETF | -318.66 | 14,631.64 | -2.18% |
XLK | Technology Select Sector SPDR Fund | -294.48 | 19,678.72 | -1.50% |
IEFA | iShares Core MSCI EAFE ETF | -294.47 | 55,065.61 | -0.53% |
ETF Weekly Flows By Asset Class
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 3,275.15 | 2,013,343.54 | 0.16% |
International Equity | -34.07 | 738,883.44 | -0.00% |
U.S. Fixed Income | 2,455.83 | 561,226.06 | 0.44% |
International Fixed Income | 94.78 | 65,500.29 | 0.14% |
Commodities | 178.65 | 60,805.65 | 0.29% |
Currency | 33.28 | 1,133.98 | 2.93% |
Leveraged | 622.08 | 35,134.65 | 1.77% |
Inverse | -58.46 | 13,339.00 | -0.44% |
Asset Allocation | -7.80 | 8,971.82 | -0.09% |
Alternatives | 88.32 | 4,814.52 | 1.83% |
Total: | 6,647.76 | 3,503,152.93 | 0.19% |
Asset Classes (Year-to-Date)
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 95,290.22 | 2,013,343.54 | 4.73% |
International Equity | 41,580.07 | 738,883.44 | 5.63% |
U.S. Fixed Income | 57,776.83 | 561,226.06 | 10.29% |
International Fixed Income | 10,281.41 | 65,500.29 | 15.70% |
Commodities | -283.37 | 60,805.65 | -0.47% |
Currency | -33.19 | 1,133.98 | -2.93% |
Leveraged | 6,561.42 | 35,134.65 | 18.68% |
Inverse | 1,939.16 | 13,339.00 | 14.54% |
Asset Allocation | 661.63 | 8,971.82 | 7.37% |
Alternatives | 273.81 | 4,814.52 | 5.69% |
Total: | 214,047.99 | 3,503,152.93 | 6.11% |
Top 10 Volume Surprises, Funds >$50 mm AUM
Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
COMT | iShares Commodities Select Strategy ETF | 122,986 | 588,277 | 478.33% |
USVM | USAA MSCI USA Small Cap Value Momentum Blend Index ETF | 8,303 | 37,183 | 447.83% |
FXF | Invesco CurrencyShares Swiss Franc Trust | 14,740 | 43,894 | 297.79% |
LTPZ | PIMCO 15+ Year US TIPS Index ETF | 28,624 | 89,783 | 313.66% |
JPEU | JPMorgan Diversified Return Europe Equity ETF | 1,712 | 4,791 | 279.81% |
EMTL | SPDR DoubleLine Emerging Markets Fixed Income ETF | 6,909 | 17,281 | 250.13% |
XMX | WisdomTree Global ex-Mexico Equity Fund | 23,870 | 43,376 | 181.72% |
RYU | Invesco S&P 500 Equal Weight Utilities ETF | 11,904 | 33,881 | 284.62% |
ULVM | USAA MSCI USA Value Momentum Blend Index ETF | 9,789 | 22,998 | 234.94% |
IQDG | WisdomTree International Quality Dividend Growth | 15,193 | 38,884 | 255.94% |
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.