Weekly Inflows Slow To A Trickle

Jun 23, 2017

Reviewed by: etf.com Staff

Edited by: etf.com Staff

After a few weeks of monster inflows, the pace of new money coming into U.S.-listed exchange-traded funds slowed to a trickle. According to FactSet, investors added only $1.4 billion in total to ETFs during the week ending Thursday, June 22.

A decent-sized outflow from U.S. equity ETFs was offset by a slightly larger inflow into international equity ETFs. At the same time, U.S. fixed-income ETFs, international fixed-income ETFs and commodity ETFs each saw small inflows.

Utilities And Health Care In Favor
About half the funds on the top 10 creations list were international equity ETFs. The iShares MSCI EAFE ETF (EFA) led the pack, with inflows of $1.1 billion; followed by the iShares Japan ETF (EWJ), with inflows of $809 million.

However, there were some notable U.S. equity ETFs that also garnered favor. The Utilities Select Sector SPDR Fund (XLU) had inflows of $593 million. There was some talk during the week about how some investors may be rotating out of the high-flying technology sector and into defensive sectors like utilities.

Meanwhile, the iShares Nasdaq Biotechnology ETF (IBB) was also popular this week, with inflows of $512 million. The ETF hit the highest level in 1 1/2 years as investors speculated that Trump's health care policies may be more favorable to the group than expected.

Another sector ETF on the top 10 was the Energy Select Sector SPDR Fund (XLE), which took in $294 million even as oil prices fell to a 10-month low below $43 during the week.

The Vanguard Intermediate-Term Corporate Bond ETF (VCIT) was the only fixed-income name on the list, with inflows of $369 million.

Investors Dump Junk Bonds
The outflows list for the week was chock-full of U.S. broad market equity ETFs, such as the iShares Core S&P 500 ETF (IVV), with redemptions of $2.5 billion, and the Vanguard Mid-Cap ETF (VO), with redemptions of $1.3 billion.

One of the smaller funds to make the list was the First Trust Morningstar Dividend Leaders Index Fund (FDL), with redemptions of $431 million.

Two junk bond ETFs also saw hefty outflows, as the decline in oil prices fueled default worries. The iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and the SPDR Bloomberg Barclays High Yield Bond ETF (JNK) had outflows of $747 million and $426 million, respectively.

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
EFA	iShares MSCI EAFE ETF	1,131.60	76,315.33	1.51%
EWJ	iShares MSCI Japan ETF	809.21	17,163.99	4.95%
IWM	iShares Russell 2000 ETF	635.48	38,734.84	1.67%
XLU	Utilities Select Sector SPDR Fund	593.17	8,086.10	7.92%
IBB	iShares NASDAQ Biotechnology ETF	511.77	9,244.36	5.86%
IEFA	iShares Core MSCI EAFE ETF	450.33	27,081.88	1.69%
VEA	Vanguard FTSE Developed Markets ETF	376.75	54,285.59	0.70%
VCIT	Vanguard Intermediate-Term Corporate Bond ETF	368.54	14,969.26	2.52%
EZU	iShares MSCI Eurozone ETF	304.61	13,218.54	2.36%
XLE	Energy Select Sector SPDR Fund	293.76	15,747.07	1.90%

Top 10 Redemptions (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
IVV	iShares Core S&P 500 ETF	-2,534.99	116,151.22	-2.14%
VO	Vanguard Mid-Cap ETF	-1,347.14	19,725.45	-6.39%
VTI	Vanguard Total Stock Market ETF	-1,201.81	80,019.68	-1.48%
VUG	Vanguard Growth ETF	-1,085.31	27,709.16	-3.77%
HYG	iShares iBoxx $ High Yield Corporate Bond ETF	-746.93	17,715.11	-4.05%
SPY	SPDR S&P 500 ETF Trust	-644.11	240,861.81	-0.27%
FDL	First Trust Morningstar Dividend Leaders Index Fund	-431.41	1,746.89	-19.81%
JNK	SPDR Bloomberg Barclays High Yield Bond ETF	-425.85	11,186.68	-3.67%
VXF	Vanguard Extended Market ETF	-327.41	4,911.32	-6.25%
VBR	Vanguard Small-Cap Value ETF	-285.89	11,042.81	-2.52%

ETF Weekly Flows By Asset Class

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	-5,255.79	1,672,001.70	-0.31%
International Equity	5,637.25	661,113.70	0.85%
U.S. Fixed Income	379.45	474,607.47	0.08%
International Fixed Income	151.61	51,951.64	0.29%
Commodities	191.67	62,748.33	0.31%
Currency	109.29	1,431.97	7.63%
Leveraged	445.81	27,900.20	1.60%
Inverse	-340.59	16,384.29	-2.08%
Asset Allocation	32.74	7,142.24	0.46%
Alternatives	65.27	3,867.35	1.69%
Total:	1,416.70	2,979,148.89	0.05%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker	Name	Average Volume (30 Day)	1 Week Average Volume	% of Average
PBS	PowerShares Dynamic Media Portfolio	56,054	292,835	522.42%
FRAK	VanEck Vectors Unconventional Oil & Gas ETF	39,219	185,530	473.06%
VGLT	Vanguard Long-Term Government Bond ETF	78,927	326,877	414.15%
VAW	Vanguard Materials ETF	129,592	527,488	407.04%
VIOO	Vanguard S&P Small-Cap 600 ETF	38,540	114,773	297.80%
FVL	First Trust Value Line 100 ETF	5,842	15,299	261.87%
FIXD	First Trust TCW Opportunistic Fixed Income ETF	5,491	9,078	165.31%
QXGG	QuantX Risk Managed Growth ETF	1,625	3,143	193.42%
VGSH	Vanguard Short-Term Government Bond ETF	133,581	279,354	209.13%
INXX	Columbia India Infrastructure ETF	41,461	75,991	183.28%

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

Ticker	Name	Weekly Performance	Weekly Volume	AUM ($, mm)
NIB	iPath Bloomberg Cocoa Subindex Total Return ETN	13.22%	413,149	46.70
DCNG	iPath Seasonal Natural Gas ETN	13.22%	7,400	0.63
CHOC	iPath Pure Beta Cocoa ETN	11.85%	15,956	4.60
MLPJ	Global X Junior MLP ETF	8.33%	23,345	7.11
PSCE	PowerShares S&P SmallCap Energy Portfolio	6.77%	134,434	31.54
OLO	DB Crude Oil Long ETN	6.48%	14,952	6.59
XES	SPDR S&P Oil & Gas Equipment & Services ETF	6.46%	4,180,974	244.57
GAZ	iPath Bloomberg Natural Gas Subindex Total Return ETN	6.15%	158,242	2.56
JO	iPath Bloomberg Coffee Subindex Total Return ETN	5.90%	981,573	132.36
GXG	Global X MSCI Colombia ETF	5.72%	667,030	90.12

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

Ticker	Name	Weekly Performance	Weekly Volume	AUM ($, mm)
BBP	BioShares Biotechnology Products Fund	-9.38%	56,856	40.74
XBI	SPDR S&P BIOTECH ETF	-9.28%	23,171,313	3,590.94
BBC	BioShares Biotechnology Clinical Trials Fund	-8.67%	107,930	24.13
SBIO	ALPS Medical Breakthroughs ETF	-8.11%	192,255	114.63
PTH	PowerShares DWA Healthcare Momentum Portfolio	-7.94%	51,519	67.12
CNCR	Loncar Cancer Immunotherapy ETF	-7.14%	140,347	36.61
IBB	iShares NASDAQ Biotechnology ETF	-7.05%	10,794,422	9,244.36
FBT	First Trust NYSE Arca Biotechnology Index Fund	-6.93%	191,801	1,039.01
ARKG	ARK Genomic Revolution Multi-Sector ETF	-6.41%	96,777	19.25
ORG	The Organics ETF	-6.31%	20,207	5.76

Top 10 YTD Performers

Ticker	Name	YTD Performance	Weekly Performance	AUM ($, mm)
VMAX	REX VolMAXX Long VIX Weekly Futures Strategy ETF	124.54%	2.33%	2.71
GAZ	iPath Bloomberg Natural Gas Subindex Total Return ETN	101.71%	4.24%	2.56
VIXY	ProShares VIX Short-Term Futures ETF	85.35%	1.31%	154.98
VXX	iPath S&P 500 VIX Short-Term Futures ETN	85.30%	1.56%	1,056.73
VIIX	VelocityShares Daily Long VIX Short-Term ETN	85.01%	1.39%	12.65
PSCE	PowerShares S&P SmallCap Energy Portfolio	73.71%	7.74%	31.54
SGG	iPath Bloomberg Sugar Subindex Total Return ETN	64.78%	3.36%	38.13
XES	SPDR S&P Oil & Gas Equipment & Services ETF	55.94%	8.04%	244.57
VIXM	ProShares VIX Mid-Term Futures ETF	47.01%	2.12%	30.40
VXZ	iPath S&P 500 VIX Mid-Term Futures ETN	46.84%	2.26%	30.31

Bottom 10 YTD Performers

Ticker	Name	YTD Performance	Weekly Performance	AUM ($, mm)
XIVH	VelocityShares VIX Short Volatility Hedged ETN	-32.63%	-0.91%	55.17
ARKK	ARK Innovation ETF	-31.35%	-4.17%	54.94
ARKW	ARK Web x.0 ETF	-29.73%	-2.93%	54.18
EMQQ	Emerging Markets Internet & Ecommerce ETF	-28.59%	-2.87%	149.00
GAMR	PureFunds Video Game Tech ETF	-28.58%	-1.76%	29.35
KWEB	KraneShares CSI China Internet ETF	-28.21%	-3.59%	546.35
CXSE	WisdomTree China ex-State-Owned Enterprises Fund	-28.05%	-3.05%	9.91
SCIN	Columbia India Small Cap ETF	-27.50%	-1.01%	29.55
SCIF	VanEck Vectors India Small-Cap Index ETF	-26.97%	0.31%	339.45
SMIN	iShares MSCI India Small Cap ETF	-26.26%	-0.02%	197.68

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.

etf.com Staff

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Weekly Inflows Slow To A Trickle

Weekly Inflows Slow To A Trickle

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