Weekly Flows Total $11.7B Amid Broad-Based Buying

From equities to fixed income to commodities, investors bought ETFs of all stripes in the latest week.

sumit
|
Senior ETF Analyst
|
Reviewed by: Sumit Roy
,
Edited by: Sumit Roy

Inflows into ETFs continued at a blistering pace during the past week. As a previous article on ETF.com pointed out, January inflows totaled a whopping $40.1 billion, leaps and bounds above the $350 million seen in the same month a year ago. 

This week's flows, which measures the week ending Feb. 2 and includes data from January and February, was $11.7 billion, according to FactSet. Of that, $5.3 billion went into U.S. equity ETFs; $3.6 billion went into U.S. fixed-income ETFs; $1.9 billion went into international equity ETFs; $460 million went into international fixed-income ETFs; and $420 million went into commodity ETFs. 

The week's across-the-board buying of ETFs took place as the S&P 500 neared its recent record highs and the U.S. 10-year bond yield remained flat week-over-week.

From QQQ To GLD
In terms of individual flows, there wasn't any one ETF that was far ahead of the pack this week, but there were many that had creations in the $300 million to $1 billion range. The tech-heavy PowerShares QQQ Trust (QQQ) was at the top of the heap, with inflows of $924 million.

Other equity ETFs in the weekly top 10 included the Vanguard FTSE Emerging Markets ETF (VWO), with inflows of $583 million; the iShares Russell 2000 ETF (IWM), with inflows of $440 million; the iShares Core S&P Mid-Cap ETF (IJH), with inflows of $421 million; the Health Care Select Sector SPDR Fund (XLV), with inflows of $392 million; and the iShares Core S&P Small Cap ETF (IJR), with inflows of $354 million.

There were also three fixed-income funds on the list. The iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) took in $760 million; the Vanguard Intermediate-Term Corporate Bond Index Fund (VCIT) took in $667 million; and the SPDR Barclays High Yield Bond ETF (JNK) took in $497 million.

The SPDR Gold Trust (GLD) was the sole commodity name on the list, with creations of $473 million. Gold prices rose more than 2% during the week. 

Sector Funds See Outflows
On the other side of the ledger, a handful of sector funds registered notable outflows during the period. The Industrial Select Sector SPDR Fund (XLI), the Technology Select Sector SPDR Fund (XLK), the Vanguard REIT Index Fund (VNQ) and the Consumer Staples Select SPDR Fund (XLP) had outflows of $150 million to $300 million each.

Meanwhile, the iShares iBoxx $ High Yield Corporate Bond ETF (HYG), with outflows of $287 million; the iShares 7-10 Year Treasury Bond ETF (IEF) and the iShares Core U.S. Aggregate Bond ETF (AGG) were the three fixed-income names to make the outflows list.

Finally, the VelocityShares Daily Inverse VIX Short-Term ETN (XIV) saw outflows of $151 million, representing 22.8% of its assets under management, the largest percentage decrease on the list. 

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
QQQPowerShares QQQ Trust923.9943,488.982.17%
LQDiShares iBoxx $ Investment Grade Corporate Bond ETF760.2828,418.052.75%
VCITVanguard Intermediate-Term Corporate Bond Index Fund667.4712,075.075.85%
VWOVanguard FTSE Emerging Markets ETF582.7547,722.311.24%
JNKSPDR Barclays High Yield Bond ETF496.5212,328.374.20%
GLDSPDR Gold Trust473.2431,382.171.53%
IWMiShares Russell 2000 ETF439.8837,812.571.18%
IJHiShares Core S&P Mid-Cap ETF420.9436,813.241.16%
XLVHealth Care Select Sector SPDR Fund392.1014,123.442.86%
IJRiShares Core S&P Small Cap ETF353.5228,204.661.27%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
XLIIndustrial Select Sector SPDR Fund-291.7010,231.01-2.77%
HYGiShares iBoxx $ High Yield Corporate Bond ETF-286.7418,296.96-1.54%
XLKTechnology Select Sector SPDR Fund-256.5515,585.76-1.62%
VNQVanguard REIT Index Fund-238.6333,081.40-0.72%
IEFiShares 7-10 Year Treasury Bond ETF-230.557,080.51-3.15%
IVViShares Core S&P 500 ETF-229.6892,739.58-0.25%
AGGiShares Core U.S. Aggregate Bond ETF-205.6541,720.60-0.49%
XLPConsumer Staples Select Sector SPDR Fund-161.928,049.25-1.97%
XIVVelocityShares Daily Inverse VIX Short-Term ETN-150.86511.05-22.79%
DIASPDR Dow Jones Industrial Average ETF Trust-149.1416,278.02-0.91%

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity5,273.991,518,103.320.35%
International Equity1,868.99543,680.560.34%
U.S. Fixed Income3,562.69424,527.660.84%
International Fixed Income456.6141,283.241.11%
Commodities423.8862,213.520.68%
Currency-4.393,091.13-0.14%
Leveraged546.0025,025.942.18%
Inverse-254.3717,069.56-1.49%
Asset Allocation-60.486,507.40-0.93%
Alternatives-71.573,821.59-1.87%
Total:11,741.352,645,323.930.44%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
FRELFidelity MSCI Real Estate Index ETF229,623838,895365.34%
XTLSPDR S&P Telecom ETF40,571117,788290.32%
DBEMDeutsche X-trackers MSCI Emerging Markets Hedged Equity ETF57,994176,473304.29%
BSCHGuggenheim BulletShares 2017 Corporate Bond ETF290,282825,763284.47%
GSGiShares S&P GSCI Commodity Indexed Trust536,9571,227,120228.53%
BSCJGuggenheim BulletShares 2019 Corporate Bond ETF345,221789,000228.55%
EEMAiShares MSCI Emerging Markets Asia ETF94,744211,208222.93%
RXLProShares Ultra Health Care11,52125,879224.63%
ACIMSPDR MSCI ACWI IMI ETF22,71353,909237.35%
PWZPowerShares California AMT-Free Municipal Bond Portfolio108,309248,643229.57%

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 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.