Weekly Flows Steady As Markets Hold
Year-to-date inflows for U.S.-listed ETFs now stand at $68.6 billion.
A relatively calm week for markets (by recent standards) was matched by relatively calm creation and redemption activity in ETFs. On net, $2.2 billion flowed into U.S.-listed ETFs during the week ending Thursday, April 2, pushing year-to-date inflows up slightly to $68.6 billion. For comparison, year-to-date inflows were $59.3 billion at this same time last year.
Taking a look at individual ETFs, once again, the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD) gathered a tidy sum of fresh cash—$3.4 billion this week. That’s on top of the $5.2 billion the fund picked up last week after the Federal Reserve announced that it would be purchasing investment-grade corporate bond ETFs to stabilize credit markets.
The riskier SPDR Bloomberg Barclays High Yield Bond ETF (JNK) also saw some interest; it had weekly inflows of more than $850 million.
Meanwhile, on the equities side, the iShares Core S&P 500 ETF (IVV) and the iShares S&P 500 Value ETF (IVE) were the most popular fund among ETF investors during the week.
But in a sign that investors are still jittery about markets and the economy, inflows for the SPDR Gold Trust (GLD) totaled $960 million. Gold prices were last trading around $1,620/oz.
For a full list of this week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | 3,440.73 | 39,446.55 | 8.72% |
| IVV | iShares Core S&P 500 ETF | 1,829.49 | 155,903.72 | 1.17% |
| IVE | iShares S&P 500 Value ETF | 1,345.00 | 13,496.72 | 9.97% |
| GLD | SPDR Gold Trust | 960.13 | 49,250.10 | 1.95% |
| VOO | Vanguard S&P 500 ETF | 959.15 | 113,574.08 | 0.84% |
| IWF | iShares Russell 1000 Growth ETF | 938.67 | 41,052.75 | 2.29% |
| JNK | SPDR Bloomberg Barclays High Yield Bond ETF | 854.22 | 7,872.67 | 10.85% |
| SH | ProShares Short S&P500 | 846.48 | 3,975.33 | 21.29% |
| IVW | iShares S&P 500 Growth ETF | 835.39 | 21,353.59 | 3.91% |
| AGG | iShares Core U.S. Aggregate Bond ETF | 644.30 | 68,506.19 | 0.94% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 ETF Trust | -8,447.73 | 221,235.04 | -3.82% |
| QQQ | Invesco QQQ Trust | -2,697.76 | 79,053.01 | -3.41% |
| EFA | iShares MSCI EAFE ETF | -1,850.58 | 46,211.85 | -4.00% |
| SPTS | SPDR Portfolio Short Term Treasury ETF | -1,313.09 | 2,588.30 | -50.73% |
| IWM | iShares Russell 2000 ETF | -959.97 | 29,411.36 | -3.26% |
| SHY | iShares 1-3 Year Treasury Bond ETF | -953.30 | 23,463.33 | -4.06% |
| BSV | Vanguard Short-Term Bond ETF | -834.63 | 22,539.84 | -3.70% |
| XLF | Financial Select Sector SPDR Fund | -652.17 | 13,702.73 | -4.76% |
| BND | Vanguard Total Bond Market ETF | -626.04 | 49,810.83 | -1.26% |
| XLI | Industrial Select Sector SPDR Fund | -430.51 | 6,541.22 | -6.58% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | -2,396.70 | 1,897,423.67 | -0.13% |
| International Equity | -1,508.05 | 656,748.68 | -0.23% |
| U.S. Fixed Income | 637.80 | 764,645.68 | 0.08% |
| International Fixed Income | -8.25 | 81,194.32 | -0.01% |
| Commodities ETFs | 2,240.63 | 88,642.24 | 2.53% |
| Currency | 203.21 | 2,098.05 | 9.69% |
| Leveraged | 195.92 | 25,199.22 | 0.78% |
| Inverse | 3,175.80 | 19,016.96 | 16.70% |
| Asset Allocation | -41.73 | 8,176.93 | -0.51% |
| Alternatives | -252.32 | 4,463.90 | -5.65% |
| Total: | 2,246.33 | 3,547,609.67 | 0.06% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 35,192.18 | 1,897,423.67 | 1.85% |
| International Equity | 118.82 | 656,748.68 | 0.02% |
| U.S. Fixed Income | 13,677.30 | 764,645.68 | 1.79% |
| International Fixed Income | -1,787.11 | 81,194.32 | -2.20% |
| Commodities ETFs | 10,127.94 | 88,642.24 | 11.43% |
| Currency | 781.11 | 2,098.05 | 37.23% |
| Leveraged | 7,172.65 | 25,199.22 | 28.46% |
| Inverse | 5,085.50 | 19,016.96 | 26.74% |
| Asset Allocation | -106.80 | 8,176.93 | -1.31% |
| Alternatives | -1,639.04 | 4,463.90 | -36.72% |
| Total: | 68,622.54 | 3,547,609.67 | 1.93% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
| DTN | WisdomTree U.S. Dividend ex-Financials Fund | 55,044 | 150,142 | 272.77% |
| AGZD | WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 30,914 | 83,420 | 269.84% |
| BAPR | Innovator S&P 500 Buffer ETF - April | 177,438 | 507,743 | 286.15% |
| MOTI | VanEck Vectors Morningstar International Moat ETF | 31,846 | 61,642 | 193.56% |
| QQXT | First Trust NASDAQ-100 Ex-Technology Sector Index Fund | 23,564 | 41,778 | 177.30% |
| VUSE | Vident Core U.S. Equity Fund | 87,787 | 161,978 | 184.51% |
| GQRE | FlexShares Global Quality Real Estate Index Fund | 75,293 | 182,062 | 241.80% |
| PLW | Invesco 1-30 Laddered Treasury ETF | 257,853 | 323,630 | 125.51% |
| FLCB | Franklin Liberty U.S. Core Bond ETF | 234,206 | 276,092 | 117.88% |
| IBDU | iShares iBonds Dec 2029 Term Corporate ETF | 44,966 | 196,309 | 436.58% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| MLPO | Credit Suisse S&P MLP Index ETN | 22.91% | 1,301 | 11.81 |
| BDRY | Breakwave Dry Bulk Shipping ETF | 16.48% | 608,358 | 17.64 |
| ENOR | iShares MSCI Norway ETF | 7.08% | 84,878 | 18.73 |
| MLPY | Morgan Stanley Cushing MLP High Income Index ETN | 6.81% | 33,276 | 18.73 |
| URNM | North Shore Global Uranium Mining ETF | 6.70% | 7,728 | 3.02 |
| MLPG | ETRACS Alerian Natural Gas MLP ETN | 6.31% | 4,619 | 1.64 |
| VIXM | ProShares VIX Mid-Term Futures ETF | 6.30% | 413,066 | 53.87 |
| NORW | Global X MSCI Norway ETF | 6.18% | 188,541 | 32.54 |
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | 5.72% | 218,183 | 44.10 |
| FILL | iShares MSCI Global Energy Producers ETF | 5.63% | 266,478 | 30.65 |
Top 10 YTD Performers
| Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
| VIIX | VelocityShares Daily Long VIX Short-Term ETN | 213.91% | -0.42% | 78.23 |
| VIXY | ProShares VIX Short-Term Futures ETF | 213.35% | -0.29% | 243.86 |
| VXX | iPath Series B S&P 500 VIX Short Term Futures ETN | 213.23% | -0.75% | 912.96 |
| XVZ | iPath S&P 500 Dynamic VIX ETN | 101.92% | 1.44% | 5.13 |
| VIXM | ProShares VIX Mid-Term Futures ETF | 94.08% | 6.30% | 53.87 |
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | 93.23% | 5.72% | 44.10 |
| ZROZ | PIMCO 25+ Year Zero Coupon US Treasury Index ETF | 35.31% | -0.49% | 344.24 |
| EDV | Vanguard Extended Duration Treasury ETF | 32.02% | -1.25% | 1,469.12 |
| TAIL | Cambria Tail Risk ETF | 29.68% | 2.54% | 118.15 |
| TLT | iShares 20+ Year Treasury Bond ETF | 24.65% | -0.25% | 18,365.84 |
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.
