Weekly Inflows Slow To A Trickle

Inflows into U.S.-listed ETFs were positive, but they fell significantly from the lofty levels of the past few weeks. 

ETF.com
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Reviewed by: etf.com Staff
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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)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
EFAiShares MSCI EAFE ETF1,131.6076,315.331.51%
EWJiShares MSCI Japan ETF809.2117,163.994.95%
IWMiShares Russell 2000 ETF635.4838,734.841.67%
XLUUtilities Select Sector SPDR Fund593.178,086.107.92%
IBBiShares NASDAQ Biotechnology ETF511.779,244.365.86%
IEFAiShares Core MSCI EAFE ETF450.3327,081.881.69%
VEAVanguard FTSE Developed Markets ETF376.7554,285.590.70%
VCITVanguard Intermediate-Term Corporate Bond ETF368.5414,969.262.52%
EZUiShares MSCI Eurozone ETF304.6113,218.542.36%
XLEEnergy Select Sector SPDR Fund293.7615,747.071.90%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
IVViShares Core S&P 500 ETF-2,534.99116,151.22-2.14%
VOVanguard Mid-Cap ETF-1,347.1419,725.45-6.39%
VTIVanguard Total Stock Market ETF-1,201.8180,019.68-1.48%
VUGVanguard Growth ETF-1,085.3127,709.16-3.77%
HYGiShares iBoxx $ High Yield Corporate Bond ETF-746.9317,715.11-4.05%
SPYSPDR S&P 500 ETF Trust-644.11240,861.81-0.27%
FDLFirst Trust Morningstar Dividend Leaders Index Fund-431.411,746.89-19.81%
JNKSPDR Bloomberg Barclays High Yield Bond ETF-425.8511,186.68-3.67%
VXFVanguard Extended Market ETF-327.414,911.32-6.25%
VBRVanguard Small-Cap Value ETF-285.8911,042.81-2.52%

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-5,255.791,672,001.70-0.31%
International Equity5,637.25661,113.700.85%
U.S. Fixed Income379.45474,607.470.08%
International Fixed Income151.6151,951.640.29%
Commodities191.6762,748.330.31%
Currency109.291,431.977.63%
Leveraged445.8127,900.201.60%
Inverse-340.5916,384.29-2.08%
Asset Allocation32.747,142.240.46%
Alternatives65.273,867.351.69%
Total:1,416.702,979,148.890.05%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
PBSPowerShares Dynamic Media Portfolio56,054292,835522.42%
FRAKVanEck Vectors Unconventional Oil & Gas ETF39,219185,530473.06%
VGLTVanguard Long-Term Government Bond ETF78,927326,877414.15%
VAWVanguard Materials ETF129,592527,488407.04%
VIOOVanguard S&P Small-Cap 600 ETF38,540114,773297.80%
FVLFirst Trust Value Line 100 ETF5,84215,299261.87%
FIXDFirst Trust TCW Opportunistic Fixed Income ETF5,4919,078165.31%
QXGGQuantX Risk Managed Growth ETF1,6253,143193.42%
VGSHVanguard Short-Term Government Bond ETF133,581279,354209.13%
INXXColumbia India Infrastructure ETF41,46175,991183.28%

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
NIBiPath Bloomberg Cocoa Subindex Total Return ETN13.22%413,14946.70
DCNGiPath Seasonal Natural Gas ETN13.22%7,4000.63
CHOCiPath Pure Beta Cocoa ETN11.85%15,9564.60
MLPJGlobal X Junior MLP ETF8.33%23,3457.11
PSCEPowerShares S&P SmallCap Energy Portfolio6.77%134,43431.54
OLODB Crude Oil Long ETN6.48%14,9526.59
XESSPDR S&P Oil & Gas Equipment & Services ETF6.46%4,180,974244.57
GAZiPath Bloomberg Natural Gas Subindex Total Return ETN6.15%158,2422.56
JOiPath Bloomberg Coffee Subindex Total Return ETN5.90%981,573132.36
GXGGlobal X MSCI Colombia ETF5.72%667,03090.12

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
BBPBioShares Biotechnology Products Fund-9.38%56,85640.74
XBISPDR S&P BIOTECH ETF-9.28%23,171,3133,590.94
BBCBioShares Biotechnology Clinical Trials Fund-8.67%107,93024.13
SBIOALPS Medical Breakthroughs ETF-8.11%192,255114.63
PTHPowerShares DWA Healthcare Momentum Portfolio-7.94%51,51967.12
CNCRLoncar Cancer Immunotherapy ETF-7.14%140,34736.61
IBBiShares NASDAQ Biotechnology ETF-7.05%10,794,4229,244.36
FBTFirst Trust NYSE Arca Biotechnology Index Fund-6.93%191,8011,039.01
ARKGARK Genomic Revolution Multi-Sector ETF-6.41%96,77719.25
ORGThe Organics ETF-6.31%20,2075.76

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
VMAXREX VolMAXX Long VIX Weekly Futures Strategy ETF124.54%2.33%2.71
GAZiPath Bloomberg Natural Gas Subindex Total Return ETN101.71%4.24%2.56
VIXYProShares VIX Short-Term Futures ETF85.35%1.31%154.98
VXXiPath S&P 500 VIX Short-Term Futures ETN85.30%1.56%1,056.73
VIIXVelocityShares Daily Long VIX Short-Term ETN85.01%1.39%12.65
PSCEPowerShares S&P SmallCap Energy Portfolio73.71%7.74%31.54
SGGiPath Bloomberg Sugar Subindex Total Return ETN64.78%3.36%38.13
XESSPDR S&P Oil & Gas Equipment & Services ETF55.94%8.04%244.57
VIXMProShares VIX Mid-Term Futures ETF47.01%2.12%30.40
VXZiPath S&P 500 VIX Mid-Term Futures ETN46.84%2.26%30.31

Bottom 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
XIVHVelocityShares VIX Short Volatility Hedged ETN-32.63%-0.91%55.17
ARKKARK Innovation ETF-31.35%-4.17%54.94
ARKWARK Web x.0 ETF-29.73%-2.93%54.18
EMQQEmerging Markets Internet & Ecommerce ETF-28.59%-2.87%149.00
GAMRPureFunds Video Game Tech ETF-28.58%-1.76%29.35
KWEBKraneShares CSI China Internet ETF-28.21%-3.59%546.35
CXSEWisdomTree China ex-State-Owned Enterprises Fund-28.05%-3.05%9.91
SCINColumbia India Small Cap ETF-27.50%-1.01%29.55
SCIFVanEck Vectors India Small-Cap Index ETF-26.97%0.31%339.45
SMINiShares 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.

 

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