Weekly Flows: Treasurys Favored, Junk Dumped

Investors bought up Treasury ETFs, while dumping their holdings of the largest junk bond ETFs in the week ending Thursday, Jan. 14.

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

The bloodbath in stocks continued in the second trading week of the year, as the S&P 500 revisited the lows from 2015, around the 1,867 level. In turn, investors cashed out of their U.S. equity ETFs to the tune of $2.5 billion. In total, U.S.-listed ETFs of all kinds saw outflows of $1.4 billion in the week ending Thursday, Jan 14.

As stocks fell precipitously, investors sought the safety of safe havens such as Treasuys. The iShares 7-10 Year Treasury Bond ETF (IEF | A-55) and the iShares 20+ Year Treasury Bond ETF (TLT | A-83) were big winners, with inflows of $870 million and $727 million, respectively.

However, while fixed-income ETFs on the whole saw net inflows, there were some ugly areas, such as junk bonds. Investors dumped high-yield funds aggressively, including the iShares iBoxx $ High Yield Corporate Bond ETF (HYG | B-68) and the SPDR Barclays High Yield ETF (JNK | B-68), which had outflows of $1.3 billion and $567 million, respectively.

Another notable loser was the WisdomTree Europe Hedged Equity ETF (HEDJ | B-49), the inflows leader of last year. It had outflows of nearly $400 million in the latest week.

In contrast, one notable winner in the week was the Energy Select SPDR (XLE | A-91), which had inflows of $550 million despite a fresh 12-year low in oil prices below $30/barrel.

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
IEFiShares 7-10 Year Treasury Bond870.028,914.2010.82%
VOOVanguard S&P 500803.0139,150.932.09%
TLTiShares 20+ Year Treasury Bond727.007,079.0711.45%
XLEEnergy Select SPDR550.3411,384.515.08%
SHYiShares 1-3 Year Treasury Bond532.9212,069.664.62%
MDYSPDR S&P MidCap 400514.3413,857.933.85%
BNDVanguard Total Bond Market478.6228,102.791.73%
LQDiShares iBoxx $ Investment Grade Corporate Bond457.3724,154.811.93%
VXUSVanguard Total International Stock315.654,842.886.97%
AGGiShares Core U.S. Aggregate Bond304.3631,100.180.99%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500-1,738.80162,844.07-1.06%
HYGiShares iBoxx $ High Yield Corporate Bond-1,263.6312,935.91-8.90%
JNKSPDR Barclays High Yield Bond-567.018,687.24-6.13%
HEDJWisdomTree Europe Hedged Equity-399.4015,088.81-2.58%
IVViShares Core S&P 500-395.6065,705.15-0.60%
VWOVanguard FTSE Emerging Markets-294.4231,215.34-0.93%
XLKTechnology Select SPDR-286.0011,979.97-2.33%
IWFiShares Russell 1000 Growth-258.1229,210.13-0.88%
DXJWisdomTree Japan Hedged Equity-252.3913,100.38-1.89%
VTIVanguard Total Stock Market-240.4553,467.35-0.45%

ETF Weekly Flows By Asset Class

Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-2,534.91664,785.72-0.38%
International Equity-1,876.52269,978.47-0.70%
U.S. Fixed Income2,481.34199,248.571.25%
International Fixed Income-116.4416,689.90-0.70%
Commodities292.8428,065.941.04%
Currency-104.85805.85-13.01%
Leveraged640.4556,633.341.13%
Inverse46.3611,465.550.40%
Asset Allocation-132.193,459.96-3.82%
Alternatives-85.457,146.68-1.20%
Total:-1,389.361,258,279.99-0.11%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
EWRIGuggenheim Russell 1000 Equal Weight6,24620,925335.03%
KBWDPowerShares KBW High Dividend Yield Financial122,658359,692293.25%
PDNPowerShares FTSE RAFI Developed Markets ex-U.S. Small-Mid46,430133,762288.09%
FUTYFidelity MSCI Utilities78,679255,957325.32%
ALTSProShares Morningstar Alternatives Solution10,61221,957206.92%
EQLALPS Equal Weight10,21721,262208.11%
JKFiShares Morningstar Large-Cap Value25,82046,183178.86%
KBWYPowerShares KBW Premium Yield Equity REIT23,22065,110280.41%
FXUFirst Trust Utilities AlphaDEX255,882481,613188.22%
PSIPowerShares Dynamic Semiconductors27,80556,295202.46%

Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
OLODB Crude Oil Long ETN17.91%420,47113.85
CVOLC-Tracks Citi Volatility ETN11.18%1,622,4214.08
THDiShares MSCI Thailand Capped5.62%1,187,104207.83
VXZiPath S&P 500 VIX Mid-Term Futures ETN4.86%4,106,56045.20
VXUPAccuShares Spot CBOE VIX Up Shares4.68%5,1862.48
VIXMProShares VIX Mid-term4.46%206,77530.66
VIIZVelocityShares VIX Mid Term ETN3.76%9,0880.68
VIIXVelocityShares VIX Short Term ETN3.04%3,491,52311.40
VXXiPath S&P 500 VIX Short-Term Futures ETN2.92%567,309,266670.95
VIXYProShares VIX Short-Term2.87%34,952,016101.97

Bottom 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
GAZiPath Bloomberg Natural Gas Subindex Total Return ETN-16.78%160,5544.32
PGMiPath Bloomberg Platinum Subindex Total Return ETN-15.93%5,6798.06
GRNiPath Global Carbon ETN-13.70%26,3202.77
SILJPureFunds ISE Junior Silver (Small Cap Miners/Explorers)-13.60%51,8423.14
SGDMSprott Gold Miners-13.01%290,56796.19
GLDXGlobal X Gold Explorers-12.53%574,97224.80
IOILIQ Global Oil Small Cap-12.45%3,6532.19
GDXJMarket Vectors Junior Gold Miners-12.35%38,629,0741,225.02
SGDJSprott Junior Gold Miners-12.16%64,37023.39
GDXMarket Vectors Gold Miners-11.76%298,596,5724,288.00

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
CVOLC-Tracks Citi Volatility ETN32.72%1.21%4.08
VIIXVelocityShares VIX Short Term ETN21.11%-2.12%11.40
VIXYProShares VIX Short-Term21.01%-2.18%101.97
VXXiPath S&P 500 VIX Short-Term Futures ETN20.85%-2.17%670.95
VXUPAccuShares Spot CBOE VIX Up Shares20.66%-0.13%2.48
OLODB Crude Oil Long ETN19.44%-13.77%13.85
VIXMProShares VIX Mid-term10.58%1.08%30.66
VXZiPath S&P 500 VIX Mid-Term Futures ETN10.41%1.40%45.20
VIIZVelocityShares VIX Mid Term ETN9.13%2.62%0.68
BTALQuantShares U.S. Market Neutral Anti-Beta6.72%1.61%43.04

Bottom 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
MLPOCredit Suisse S&P MLP ETN-27.90%-12.70%63.95
BBCBioShares Biotechnology Clinical Trials-24.96%-8.44%17.46
CNCRLoncar Cancer Immunotherapy-21.67%-8.02%13.19
CNXTMarket Vectors ChinaAMC SME-ChiNext-21.46%-2.29%41.39
KFYPKraneShares CSI New China-21.17%-4.64%2.60
ASHSDeutsche X-trackers Harvest CSI 500 China-A Shares Small Cap ETF-21.08%-5.02%33.15
AMZAInfraCap Active MLP-19.65%-8.26%16.06
GRNiPath Global Carbon ETN-19.39%-11.31%2.77
SBIOALPS Medical Breakthroughs ETF-19.33%-6.19%128.30
MLPGETRACS Alerian Natural Gas MLP ETN-19.21%-9.16%16.79

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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