Weekly Inflows Nearly $12B As Stocks Approach Records
Investors added a net $11.5 billion to U.S.-listed ETFs this week.
U.S. stocks barely missed setting record highs this week, but investors in ETFs remained bullish nonetheless. On net, $11.5 billion flowed into U.S.-listed ETFs during the week ending Thursday, August 13. Year-to-date inflows ticked up to $266 billion, nearly double the $136.8 billion seen at this same time a year ago.
Of this week's inflows, $5.6 billion headed into U.S. equity ETFs, $2.1 billion went into international equity ETFs and $3 billion flowed into U.S. fixed income ETFs.
On Wednesday, the S&P 500 closed at 3,380, a mere 6 points below its all-time high set in February. The small-cap Russell 2000 got to within 7% of its record high, while tech stocks, which first broke to new highs in June, remained firm.
The most popular U.S. equity ETFs this week included the Invesco QQQ Trust (QQQ), the iShares Russell 2000 ETF (IWM) and the Industrial Select Sector SDPR Fund (XLI).
Outflows From 'TLT' & 'GLD'
Meanwhile, bond ETFs sold off this week after a government report showed faster-than-expected consumer price inflation in July, spurring selling in the Treasury market. The U.S. 10-year Treasury bond yield jumped to a two-month high above 0.72% on Thursday, or about 22 basis points up from its all-time closing low from earlier this month (bond yields and prices move inversely).
Still, that didn't stop investors from adding cash to fixed income ETFs on the whole. We did, however, see outflows from certain bond funds that have had huge gains this year up until now, including the iShares 20+ Year Treasury Bond ETF (TLT).
TLT wasn't the only big winner to see profit taking this week. The SPDR Gold Trust (GLD) had outflows of $1 billion during the period. On Tuesday, spot gold prices tumbled $115, or 5.7%, to just over $1,900/oz. Two days earlier, prices had hit an all-time high of $2,075. Gold prices currently stand around $1,945.
For a full list of this week's top ETF inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| QQQ | Invesco QQQ Trust | 1,834.43 | 129,244.13 | 1.42% |
| IWM | iShares Russell 2000 ETF | 1,219.93 | 41,381.45 | 2.95% |
| XLI | Industrial Select Sector SPDR Fund | 695.64 | 11,330.35 | 6.14% |
| XLF | Financial Select Sector SPDR Fund | 614.98 | 18,516.82 | 3.32% |
| BND | Vanguard Total Bond Market ETF | 507.56 | 59,502.00 | 0.85% |
| VTI | Vanguard Total Stock Market ETF | 479.59 | 158,948.98 | 0.30% |
| VCSH | Vanguard Short-Term Corporate Bond ETF | 470.63 | 30,694.50 | 1.53% |
| VGK | Vanguard FTSE Europe ETF | 439.14 | 12,599.56 | 3.49% |
| VOO | Vanguard S&P 500 ETF | 431.27 | 159,981.83 | 0.27% |
| TIP | iShares TIPS Bond ETF | 403.44 | 22,751.23 | 1.77% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| VUG | Vanguard Growth ETF | -1,214.78 | 59,842.70 | -2.03% |
| GLD | SPDR Gold Trust | -1,002.82 | 77,759.46 | -1.29% |
| TLT | iShares 20+ Year Treasury Bond ETF | -820.39 | 19,014.07 | -4.31% |
| BIL | SPDR Bloomberg Barclays 1-3 Month T-Bill ETF | -315.79 | 14,026.86 | -2.25% |
| IWF | iShares Russell 1000 Growth ETF | -273.18 | 58,231.05 | -0.47% |
| SPYV | SPDR Portfolio S&P 500 Value ETF | -242.58 | 5,131.93 | -4.73% |
| SPYG | SPDR Portfolio S&P 500 Growth ETF | -227.05 | 8,732.38 | -2.60% |
| EWJ | iShares MSCI Japan ETF | -223.02 | 9,744.34 | -2.29% |
| QUAL | iShares Edge MSCI U.S.A. Quality Factor ETF | -211.53 | 19,328.37 | -1.09% |
| XLV | Health Care Select Sector SPDR Fund | -173.27 | 24,024.78 | -0.72% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 5,623.90 | 2,659,668.35 | 0.21% |
| International Equity | 2,145.03 | 859,915.01 | 0.25% |
| U.S. Fixed Income | 3,037.88 | 914,577.80 | 0.33% |
| International Fixed Income | 670.79 | 99,751.68 | 0.67% |
| Commodities | -325.38 | 148,588.68 | -0.22% |
| Currency | 39.81 | 1,847.18 | 2.15% |
| Leveraged | 194.16 | 37,669.59 | 0.52% |
| Inverse | -5.47 | 14,415.31 | -0.04% |
| Asset Allocation | 64.86 | 10,818.35 | 0.60% |
| Alternatives | 85.94 | 4,945.78 | 1.74% |
| Total: | 11,531.51 | 4,752,197.74 | 0.24% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 73,189.93 | 2,659,668.35 | 2.75% |
| International Equity | 454.31 | 859,915.01 | 0.05% |
| U.S. Fixed Income | 123,465.53 | 914,577.80 | 13.50% |
| International Fixed Income | 9,665.31 | 99,751.68 | 9.69% |
| Commodities | 43,279.32 | 148,588.68 | 29.13% |
| Currency | 517.68 | 1,847.18 | 28.03% |
| Leveraged | 1,898.18 | 37,669.59 | 5.04% |
| Inverse | 13,267.72 | 14,415.31 | 92.04% |
| Asset Allocation | 753.12 | 10,818.35 | 6.96% |
| Alternatives | -507.16 | 4,945.78 | -10.25% |
| Total: | 265,983.92 | 4,752,197.74 | 5.60% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| GCE | Claymore CEF Index-Linked GS Connect ETN | 41.03% | 11,491 | 24,024.78 |
| BDRY | Breakwave Dry Bulk Shipping ETF | 7.76% | 511,169 | 39.75 |
| PSM | Principal U.S. Small-MidCap Multi-Factor Core Index ETF | 7.56% | 7,964 | 9.78 |
| DJCB | ETRACS Bloomberg Commodity Index Total Return ETN Series B | 7.09% | 1,256 | 69.79 |
| IEZ | iShares U.S. Oil Equipment & Services ETF | 6.58% | 829,435 | 146.48 |
| XES | SPDR S&P Oil & Gas Equipment & Services ETF | 6.33% | 780,324 | 114.59 |
| BMLP | Dorsey Wright MLP Index ETN | 6.00% | 27,872 | 23.19 |
| PXJ | Invesco Dynamic Oil & Gas Services ETF | 5.77% | 134,622 | 8.09 |
| OIH | VanEck Vectors Oil Services ETF | 5.68% | 2,353,543 | 652.73 |
| CARZ | First Trust NASDAQ Global Auto Index Fund | 5.59% | 22,041 | 20.53 |
Top 10 YTD Performers
| Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
| XVZ | iPath S&P 500 Dynamic VIX ETN | 103.78% | -1.50% | 8.48 |
| VIXM | ProShares VIX Mid-Term Futures ETF | 81.49% | -1.50% | 75.21 |
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | 80.85% | -1.76% | 29.11 |
| CLIX | ProShares Long Online/Short Stores ETF | 78.81% | -4.73% | 227.35 |
| ONLN | ProShares Online Retail ETF | 78.17% | -3.24% | 281.06 |
| ARKG | ARK Genomic Revolution ETF | 77.24% | 3.08% | 1,779.30 |
| IBUY | Amplify Online Retail ETF | 75.34% | -4.07% | 908.46 |
| ARKW | ARK Next Generation Internet ETF | 72.88% | -1.97% | 1,943.14 |
| ARKK | ARK Innovation ETF | 71.35% | 1.77% | 6,760.08 |
| TAN | Invesco Solar ETF | 70.16% | -0.18% | 1,088.85 |
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.
