Weekly Inflows Slow Torrid Pace As 2017 Total Hits $78.5B
The pace of weekly inflows slowed, but remained firmly in positive territory this week.
Weekly inflows into U.S.-listed exchange-traded funds slowed from last week's torrid pace, but remained firmly in positive territory, according to FactSet. In total, $7.1 billion entered ETFs in the week ending Thursday, Feb. 23, pushing year-to-date inflows to $78.5 billion.
Unsurprisingly, U.S. equity ETFs took the bulk of the inflows again, at $2.8 billion. The S&P 500 hit a fresh record high of 2,368 on Thursday.
International equity ETFs and U.S. fixed-income ETFs saw roughly equal inflows, at $1.6 billion and $1.7 billion, respectively. International fixed income was the only other segment to see notable inflows, at about $500 million.
EM Debt ETF Back In Favor
The usual ETF giants dominated the weekly flows leaderboard. From the PowerShares QQQ Trust (QQQ) with $874 million worth of inflows to the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) with its $517 million worth of inflows, most of the names on the list are familiar.
However, one standout that made its first appearance on the top 10 in a while was the iShares JP Morgan USD Emerging Markets Bond ETF (EMB), with inflows of $361 million. EMB was popular last year, but didn't see much flows action since then until this week.
The iShares MSCI Brazil Capped ETF (EWZ) was another noteworthy winner on the list, with inflows of $358 million. EWZ has surged this year, gaining more than 15% on a year-to-date basis.
Outflows From Low-Volatility ETFs
On the outflows side, a number of interesting ETFs made an apperance. The PowerShares S&P 500 Low Volatility Portfolio (SPLV) had redemptions of more than $350 million, pushing its assets under management down by 5.3%.
A similar fund, the iShares Edge MSCI Min Vol Global ETF (ACWV), also had redemptions, to the tune of $250 million.
Meanwhile, other ETFs to fall out of favor during the week included the iShares MSCI Japan ETF (EWJ), with outflows of $232 million; the SPDR S&P Oil & Gas Exploration & Production ETF (XOP), with outflows of $154 million; and the iShares NASDAQ Biotechnology ETF (IBB), with outflows of $147 million.
For a full list of this week's top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
QQQ | PowerShares QQQ Trust | 874.13 | 45,248.51 | 1.97% |
IWM | iShares Russell 2000 ETF | 651.34 | 37,750.68 | 1.76% |
IVV | iShares Core S&P 500 ETF | 569.44 | 97,461.80 | 0.59% |
HYG | iShares iBoxx $ High Yield Corporate Bond ETF | 516.83 | 18,654.16 | 2.85% |
LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | 434.59 | 30,158.68 | 1.46% |
EMB | iShares JP Morgan USD Emerging Markets Bond ETF | 360.52 | 9,078.96 | 4.14% |
EWZ | iShares MSCI Brazil Capped ETF | 358.46 | 5,642.37 | 6.78% |
IJH | iShares Core S&P Mid-Cap ETF | 347.41 | 39,115.22 | 0.90% |
VOO | Vanguard S&P 500 Index Fund | 295.31 | 62,890.54 | 0.47% |
EFA | iShares MSCI EAFE ETF | 254.36 | 63,843.93 | 0.40% |
Top 10 Redemptions (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
SPY | SPDR S&P 500 ETF Trust | -1,244.49 | 233,561.53 | -0.53% |
JNK | SPDR Bloomberg Barclays High Yield Bond ETF | -534.28 | 12,635.78 | -4.06% |
SPLV | Powershares S&P 500 Low Volatility Portfolio | -351.53 | 6,319.36 | -5.27% |
ACWV | iShares Edge MSCI Min Vol Global ETF | -249.76 | 2,935.72 | -7.84% |
EWJ | iShares MSCI Japan ETF | -232.04 | 16,374.53 | -1.40% |
XLI | Industrial Select Sector SPDR Fund | -217.86 | 11,273.86 | -1.90% |
XLB | Materials Select Sector SPDR Fund | -165.40 | 3,724.98 | -4.25% |
XOP | SPDR S&P Oil & Gas Exploration & Production ETF | -153.70 | 1,957.25 | -7.28% |
IBB | iShares NASDAQ Biotechnology ETF | -147.09 | 8,168.62 | -1.77% |
AGG | iShares Core U.S. Aggregate Bond ETF | -129.99 | 42,135.72 | -0.31% |
ETF Weekly Flows By Asset Class
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 2,810.75 | 1,590,230.26 | 0.18% |
International Equity | 1,640.19 | 566,765.19 | 0.29% |
U.S. Fixed Income | 1,707.72 | 434,296.57 | 0.39% |
International Fixed Income | 501.56 | 43,080.90 | 1.16% |
Commodities | 1.38 | 64,753.16 | 0.00% |
Currency | 54.78 | 3,040.31 | 1.80% |
Leveraged | 103.77 | 26,446.13 | 0.39% |
Inverse | 211.94 | 16,929.14 | 1.25% |
Asset Allocation | 5.62 | 6,641.07 | 0.08% |
Alternatives | 63.08 | 4,058.48 | 1.55% |
Total: | 7,100.78 | 2,756,241.21 | 0.26% |
Top 10 Volume Surprises, Funds >$50 mm AUM
Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
EEMA | iShares MSCI Emerging Markets Asia ETF | 80,897 | 206,936 | 255.80% |
NORW | Global X MSCI Norway ETF | 101,053 | 286,450 | 283.46% |
OILB | iPath Series B S&P GSCI Crude Oil ETN | 922 | 2,917 | 316.22% |
VMBS | Vanguard Mortgage-Backed Securities Index Fund | 596,758 | 1,464,621 | 245.43% |
EWO | iShares MSCI Austria Capped ETF | 153,691 | 352,767 | 229.53% |
FDM | First Trust Dow Jones Select MicroCap Index Fund | 31,096 | 127,943 | 411.44% |
CZA | Guggenheim Mid-Cap Core ETF | 14,232 | 29,116 | 204.58% |
IOO | iShares Global 100 ETF | 49,328 | 173,541 | 351.81% |
FRN | Guggenheim Frontier Markets ETF | 97,713 | 283,887 | 290.53% |
SMMU | PIMCO Short Term Municipal Bond Active ETF | 8,897 | 15,202 | 170.87% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
INFR | Legg Mason Global Infrastructure ETF | 0.00% | 1,626 | 5.26 |
WBIY | WBI Power Factor High Dividend ETF | 0.00% | 19,733 | 22.32 |
QXGG | QuantX Risk Managed Growth ETF | 0.00% | 31,386 | 57.26 |
XH | Elkhorn S&P MidCap Health Care Portfolio | 0.00% | 1,742 | 1.62 |
DWLD | Davis Select Worldwide ETF | 0.00% | 60,718 | 19.79 |
QXTR | QuantX Risk Managed Multi-Asset Total Return ETF | 0.00% | 17,165 | 67.64 |
BOSS | Global X Founder-Run Companies ETF | 0.00% | 37,684 | 1.52 |
TBLU | Tortoise Water Fund | 0.00% | 3,797 | 2.55 |
XUSA | QuantX Dynamic Beta US Equity ETF | 0.00% | 12,553 | 29.66 |
SWIN | ALPS Dorsey Wright Sector Momentum ETF | 0.00% | 6,294 | 3.94 |
Bottom 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
INFR | Legg Mason Global Infrastructure ETF | 0.00% | 1,626 | 5.26 |
WBIY | WBI Power Factor High Dividend ETF | 0.00% | 19,733 | 22.32 |
QXGG | QuantX Risk Managed Growth ETF | 0.00% | 31,386 | 57.26 |
XH | Elkhorn S&P MidCap Health Care Portfolio | 0.00% | 1,742 | 1.62 |
DWLD | Davis Select Worldwide ETF | 0.00% | 60,718 | 19.79 |
QXTR | QuantX Risk Managed Multi-Asset Total Return ETF | 0.00% | 17,165 | 67.64 |
BOSS | Global X Founder-Run Companies ETF | 0.00% | 37,684 | 1.52 |
TBLU | Tortoise Water Fund | 0.00% | 3,797 | 2.55 |
XUSA | QuantX Dynamic Beta US Equity ETF | 0.00% | 12,553 | 29.66 |
SWIN | ALPS Dorsey Wright Sector Momentum ETF | 0.00% | 6,294 | 3.94 |
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.