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.

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

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)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
QQQPowerShares QQQ Trust874.1345,248.511.97%
IWMiShares Russell 2000 ETF651.3437,750.681.76%
IVViShares Core S&P 500 ETF569.4497,461.800.59%
HYGiShares iBoxx $ High Yield Corporate Bond ETF516.8318,654.162.85%
LQDiShares iBoxx $ Investment Grade Corporate Bond ETF434.5930,158.681.46%
EMBiShares JP Morgan USD Emerging Markets Bond ETF360.529,078.964.14%
EWZiShares MSCI Brazil Capped ETF358.465,642.376.78%
IJHiShares Core S&P Mid-Cap ETF347.4139,115.220.90%
VOOVanguard S&P 500 Index Fund295.3162,890.540.47%
EFAiShares MSCI EAFE ETF254.3663,843.930.40%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-1,244.49233,561.53-0.53%
JNKSPDR Bloomberg Barclays High Yield Bond ETF-534.2812,635.78-4.06%
SPLVPowershares S&P 500 Low Volatility Portfolio-351.536,319.36-5.27%
ACWViShares Edge MSCI Min Vol Global ETF-249.762,935.72-7.84%
EWJiShares MSCI Japan ETF-232.0416,374.53-1.40%
XLIIndustrial Select Sector SPDR Fund-217.8611,273.86-1.90%
XLBMaterials Select Sector SPDR Fund-165.403,724.98-4.25%
XOPSPDR S&P Oil & Gas Exploration & Production ETF-153.701,957.25-7.28%
IBBiShares NASDAQ Biotechnology ETF-147.098,168.62-1.77%
AGGiShares Core U.S. Aggregate Bond ETF-129.9942,135.72-0.31%

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity2,810.751,590,230.260.18%
International Equity1,640.19566,765.190.29%
U.S. Fixed Income1,707.72434,296.570.39%
International Fixed Income501.5643,080.901.16%
Commodities1.3864,753.160.00%
Currency54.783,040.311.80%
Leveraged103.7726,446.130.39%
Inverse211.9416,929.141.25%
Asset Allocation5.626,641.070.08%
Alternatives63.084,058.481.55%
Total:7,100.782,756,241.210.26%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
EEMAiShares MSCI Emerging Markets Asia ETF80,897206,936255.80%
NORWGlobal X MSCI Norway ETF101,053286,450283.46%
OILBiPath Series B S&P GSCI Crude Oil ETN9222,917316.22%
VMBSVanguard Mortgage-Backed Securities Index Fund596,7581,464,621245.43%
EWOiShares MSCI Austria Capped ETF153,691352,767229.53%
FDMFirst Trust Dow Jones Select MicroCap Index Fund31,096127,943411.44%
CZAGuggenheim Mid-Cap Core ETF14,23229,116204.58%
IOOiShares Global 100 ETF49,328173,541351.81%
FRNGuggenheim Frontier Markets ETF97,713283,887290.53%
SMMUPIMCO Short Term Municipal Bond Active ETF8,89715,202170.87%

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
INFRLegg Mason Global Infrastructure ETF0.00%1,6265.26
WBIYWBI Power Factor High Dividend ETF0.00%19,73322.32
QXGGQuantX Risk Managed Growth ETF0.00%31,38657.26
XHElkhorn S&P MidCap Health Care Portfolio0.00%1,7421.62
DWLDDavis Select Worldwide ETF0.00%60,71819.79
QXTRQuantX Risk Managed Multi-Asset Total Return ETF0.00%17,16567.64
BOSSGlobal X Founder-Run Companies ETF0.00%37,6841.52
TBLUTortoise Water Fund0.00%3,7972.55
XUSAQuantX Dynamic Beta US Equity ETF0.00%12,55329.66
SWINALPS Dorsey Wright Sector Momentum ETF0.00%6,2943.94

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
INFRLegg Mason Global Infrastructure ETF0.00%1,6265.26
WBIYWBI Power Factor High Dividend ETF0.00%19,73322.32
QXGGQuantX Risk Managed Growth ETF0.00%31,38657.26
XHElkhorn S&P MidCap Health Care Portfolio0.00%1,7421.62
DWLDDavis Select Worldwide ETF0.00%60,71819.79
QXTRQuantX Risk Managed Multi-Asset Total Return ETF0.00%17,16567.64
BOSSGlobal X Founder-Run Companies ETF0.00%37,6841.52
TBLUTortoise Water Fund0.00%3,7972.55
XUSAQuantX Dynamic Beta US Equity ETF0.00%12,55329.66
SWINALPS Dorsey Wright Sector Momentum ETF0.00%6,2943.94

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.

 

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.