Weekly Flows Show Emerging Markets In Favor, Fixed Income Out Of Favor

Jul 29, 2016

Reviewed by: etf.com Staff

Edited by: etf.com Staff

Investors continued to add money to U.S.-listed exchange-traded funds this week as financial markets remained calm and the Federal Reserve left money policy unchanged, as expected. The S&P 500 hovered near record highs all week, lending confidence to bullish investors.

All told, nearly $6 billion entered ETFs in the week ending Thursday, July 28. Of that, $4.8 billion went into U.S. equity ETFs; $850 million went into international equity ETFs; and $550 million went into international fixed-income ETFs.

Emerging Markets Favored

In terms of individual ETFs, the SPDR S&P 500 ETF (SPY | A-97) took the top spot, as it often does. SPY had $2.2 billion worth of inflows, which was followed by the PowerShares QQQ Trust (QQQ | A-67), with nearly $650 million.

Emerging markets was also an area of interest this week. The Vanguard FTSE Emerging Markets ETF (VWO | B-96) and the iShares MSCI Emerging Markets ETF (EEM | B-100) garnered inflows of $396 million and $337 million, respectively.

The iShares JP Morgan USD Emerging Markets Bond ETF (EMB | B-58) was also in favor, with inflows of $289 million.

Fixed-Income And Gold ETFs Shunned

On the other end of the spectrum, the iShares Russell 2000 ETF (IWM | A-93) was the biggest loser, with outflows of $761 million.

Additionally, corporate bond ETFs fell out of favor this week. The iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD | A-77), the iShares iBoxx High Yield Corporate Bond ETF (HYG | B-68) and the SPDR Barclays High Yield Bond ETF (JNK | C-68) all had substantial outflows of $450 million to $750 million.

Several other fixed-income products, as well the safe-haven SPDR Gold Trust (GLD | A-100), with outflows of $377 million, made the redemptions list fot the week.

Top 10 Creations (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
SPY	SPDR S&P 500 ETF Trust	2,202.90	197,865.28	1.13%
QQQ	PowerShares QQQ Trust	646.08	38,012.75	1.73%
VEA	Vanguard FTSE Developed Markets ETF	471.44	34,798.52	1.37%
VTI	Vanguard Total Stock Market Index Fund	438.61	63,581.32	0.69%
AGG	iShares Core U.S. Aggregate Bond ETF	438.09	40,234.34	1.10%
IVV	iShares Core S&P 500 ETF	436.49	77,270.49	0.57%
VWO	Vanguard FTSE Emerging Markets ETF	395.70	40,111.84	1.00%
EEM	iShares MSCI Emerging Markets ETF	337.25	27,826.54	1.23%
DIA	SPDR Dow Jones Industrial Average ETF Trust	315.23	12,797.95	2.53%
EMB	iShares JP Morgan USD Emerging Markets Bond ETF	288.88	8,734.37	3.42%

Top 10 Redemptions (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
IWM	iShares Russell 2000 ETF	-761.48	27,685.19	-2.68%
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	-738.75	31,662.57	-2.28%
HYG	iShares iBoxx $ High Yield Corporate Bond ETF	-504.27	16,904.29	-2.90%
DBEF	Deutsche X-trackers MSCI EAFE Hedged Equity ETF	-450.92	10,381.04	-4.16%
JNK	SPDR Barclays High Yield Bond ETF	-450.14	11,983.65	-3.62%
SHV	iShares Short Treasury Bond ETF	-419.47	3,411.17	-10.95%
EZU	iShares MSCI Eurozone ETF	-386.35	8,608.21	-4.30%
GLD	SPDR Gold Trust	-377.15	40,761.08	-0.92%
XLI	Industrial Select Sector SPDR Fund	-355.38	6,822.32	-4.95%
XLP	Consumer Staples Select Sector SPDR Fund	-325.50	9,260.44	-3.40%

ETF Weekly Flows By Asset Class

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	4,776.24	1,308,557.95	0.37%
International Equity	845.73	489,557.30	0.17%
U.S. Fixed Income	69.76	395,978.34	0.02%
International Fixed Income	550.53	38,664.90	1.42%
Commodities	-280.74	73,333.64	-0.38%
Currency	-24.97	1,504.96	-1.66%
Leveraged	193.62	23,948.81	0.81%
Inverse	-304.90	19,677.48	-1.55%
Asset Allocation	9.61	6,274.32	0.15%
Alternatives	150.84	3,811.59	3.96%
Total:	5,985.72	2,361,309.28	0.25%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker	Name	Average Volume (30 Day)	1 Week Average Volume	% of Average
JHML	John Hancock Multifactor Large Cap ETF	252,126	1,785,835	708.31%
JHMM	John Hancock Multifactor Mid Cap ETF	133,587	931,740	697.48%
SIZE	iShares MSCI USA Size Factor ETF	20,239	124,711	616.18%
EUSA	iShares MSCI USA Equal Weighted ETF	14,846	92,207	621.09%
SCIU	Global X Scientific Beta US ETF	29,507	117,452	398.04%
MLPZ	ETRACS 2xMonthly Leveraged S&P MLP Index ETN Series B	200	772	385.33%
IGM	iShares North American Tech ETF	32,012	114,777	358.55%
VGLT	Vanguard Long-Term Government Bond Index Fund	158,700	566,916	357.22%
IBDB	iShares iBonds Mar 2018 Term Corporate ETF	3,503	19,291	550.65%
UPW	ProShares Ultra Utilities	1,854	6,036	325.53%

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.

etf.com Staff

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