Weekly Flows Show Investors Like 'GLD' & 'VWO' Despite Pullback

More than $500 million came into each of the funds this week.

ETF.com
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Reviewed by: etf.com Staff
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Edited by: etf.com Staff

Despite a modest sell-off in stock and bond markets (the S&P 500 briefly hit a three-month low and the 10-year Treasury bond yield hit a four-month high), U.S.-listed ETFs had solid infows this past week. According to FactSet, $5.6 billion entered ETFs in aggregate in the week ending Thursday, Oct. 13.

Of that, $2.5 billion went into U.S. fixed-income ETFs, $1.3 billion went into international equity ETFs and $700 million went into U.S. equity ETFs.

Investors Like GLD Despite Recent Gold Sell-Off
One of the biggest flows winners this week in terms of individual products was the SPDR Gold Trust (GLD). Last week's sell-off in gold clearly didn't dissuade investors from putting more money into GLD, as the fund registered inflows of $562 million in the latest period. Gold prices were close to flat this week just above the $1,250/oz level.

Another popular fund this week was the Vanguard FTSE Emerging Markets ETF (VWO), with inflows of $541 million. Concerns about China reemerged this week following a reported 10% drop in the country's export in September, yet buyers of VWO clearly weren't worried. 

On the fixed-income side, the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) had inflows of $529 million and $437 million, respectively. Bond prices largely sold off this week amid growing speculation that the Fed will hike rates in December, but fixed income continues to be an area ETF investors are plowing their money into, as evidenced by the flows into HYG and LQD.

Europe, Real Estate & Low-Vol ETFs See Outflows
On the other end of the spectrum, the iShares MSCI Eurozone ETF (EZU) was a noteworthy loser this past week, with outflows of $398 million. This year, ETF investors continue to shun the Europe-focused funds that they loved last year. 

Meanwhile, the iShares U.S. Real Estate ETF (IYR) and the PowerShares S&P 500 Low Volatility ETF (SPLV) saw outflows of $298 million and $216 million, repsectively. IYR and SPLV are a pair of ETFs that were in vogue for much of the year due to low yields; now that yields are rising, investors are starting to take money off the table when it comes to these and similar products.

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
IWMiShares Russell 2000 ETF847.8828,246.963.09%
IVViShares Core S&P 500 ETF790.8879,503.271.00%
GLDSPDR Gold Trust562.5538,840.141.47%
VWOVanguard FTSE Emerging Markets ETF541.0243,930.171.25%
ITOTiShares Core S&P Total U.S. Stock Market ETF532.955,207.6411.40%
HYGiShares iBoxx $ High Yield Corporate Bond ETF528.6018,393.502.96%
LQDiShares iBoxx $ Investment Grade Corporate Bond ETF437.4632,906.311.35%
VOOVanguard S&P 500 Index Fund433.6151,278.680.85%
BSVVanguard Short-Term Bond Index Fund377.9719,297.012.00%
IEFAiShares Core MSCI EAFE ETF337.3313,080.412.65%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-1,017.46194,027.56-0.52%
IWBiShares Russell 1000 ETF-573.8315,675.29-3.53%
QQQPowerShares QQQ Trust-420.5538,083.91-1.09%
EZUiShares MSCI Eurozone ETF-398.107,007.91-5.38%
IYRiShares U.S. Real Estate ETF-298.404,097.47-6.79%
MDYSPDR S&P Midcap 400 ETF Trust-297.4016,625.08-1.76%
JNKSPDR Barclays High Yield Bond ETF-273.7612,023.89-2.23%
FEXFirst Trust Large Cap Core AlphaDEX Fund-228.341,375.63-14.24%
TLTiShares 20+ Year Treasury Bond ETF-227.206,531.93-3.36%
SPLVPowershares S&P 500 Low Volatility Portfolio-216.096,624.89-3.16%

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity733.301,315,778.950.06%
International Equity1,349.19505,549.330.27%
U.S. Fixed Income2,507.82410,344.280.61%
International Fixed Income344.4041,287.960.83%
Commodities481.6971,033.910.68%
Currency63.541,339.574.74%
Leveraged88.5423,675.920.37%
Inverse-171.1720,376.72-0.84%
Asset Allocation62.326,412.690.97%
Alternatives104.023,896.292.67%
Total:5,563.652,399,695.610.23%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
HFXIIQ 50 Percent Hedged FTSE International ETF32,279149,030461.70%
JKGiShares Morningstar Mid-Cap ETF23,43578,509335.00%
PSCUPowerShares S&P SmallCap Utilities Portfolio21,30054,521255.96%
VPLVanguard FTSE Pacific ETF444,3321,087,326244.71%
LVHDLegg Mason Low Volatility High Dividend ETF33,55885,724255.45%
FTYiShares Real Estate 50 ETF8,35417,466209.09%
IPKWPowerShares International BuyBack Achievers Portfolio13,84631,901230.41%
GRESIQ Global Resources ETF88,386202,748229.39%
IATiShares U.S. Regional Banks ETF136,635269,844197.49%
VTWVVanguard Russell 2000 Value Index Fund7,05111,261159.70%

 

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.

 

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