Weekly Inflows Total $9B Amid Equity Highs

ETF inflows for 2019 remain ahead of last year’s pace.

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

Equity ETFs continued to benefit from record highs in U.S. stocks this week. In addition to price gains, investors plowed $9.3 billion into U.S.-listed ETFs during the week ending Thursday, Nov. 14, bringing total assets under management to $4.22 trillion.

Year-to-date inflows now stand at $246.6 billion, ahead of last year’s $233.3 billion pace.

A net $4.7 billion flowed into U.S. equity ETFs this week as the S&P 500 topped 3,100 for the first time amid growing hopes of a “phase one” trade deal between the U.S. and China. The index’s year-to-date gain reached a whopping 26.5%.

The Invesco QQQ Trust (QQQ), the Invesco S&P 500 Low Volatility ETF (SPLV) and the SPDR Dow Jones Industrial Average ETF Trust (DIA) were the top U.S. equity ETFs of the week in terms of inflows.

Meanwhile, international equity ETFs also saw strong interest. Inflows for that segment were about $4.9 billion during the period. Funds like the iShares Core MSCI EAFE ETF (IEFA) and the iShares Core MSCI Europe ETF (IEUR) did particularly well.

Rates Flatline

With risk appetite growing and stocks on the rise, there wasn’t much demand for fixed income ETFs. In fact, investors pulled $485 million out of U.S. fixed income ETFs as interest rates flatlined. Fed Chairman Powell said this week that it was unlikely the central bank would hike its benchmark interest rate unless inflation moved noticeably higher. Similarly, the Fed is unlikely to cut further unless the economy materially weakens.

The iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) and the iShares 20+ Year Treasury Bond ETF (TLT) were among the fixed income flows losers of the week.

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
IEFAiShares Core MSCI EAFE ETF1,752.3970,260.842.49%
QQQInvesco QQQ Trust995.2982,548.941.21%
SPLVInvesco S&P 500 Low Volatility ETF702.4613,203.375.32%
DIASPDR Dow Jones Industrial Average ETF Trust444.6522,706.511.96%
XLUUtilities Select Sector SPDR Fund436.7711,659.343.75%
IEURiShares Core MSCI Europe ETF435.503,771.0411.55%
BBREJPMorgan BetaBuilders MSCI U.S. REIT ETF385.901,065.2236.23%
VTVVanguard Value ETF352.7453,485.840.66%
IVViShares Core S&P 500 ETF341.94194,948.140.18%
XLFFinancial Select Sector SPDR Fund330.7225,406.281.30%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-1,910.48279,908.35-0.68%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF-467.1534,286.43-1.36%
HYGiShares iBoxx USD High Yield Corporate Bond ETF-459.8618,637.62-2.47%
MDYSPDR S&P Midcap 400 ETF Trust-425.5418,850.21-2.26%
XLKTechnology Select Sector SPDR Fund-375.5124,783.94-1.52%
XLVHealth Care Select Sector SPDR Fund-342.5518,217.58-1.88%
TLTiShares 20+ Year Treasury Bond ETF-310.9017,044.89-1.82%
VCITVanguard Intermediate-Term Corporate Bond ETF-271.7224,820.67-1.09%
SPIBSPDR Portfolio Intermediate Term Corporate Bond ETF-217.654,967.30-4.38%
XLEEnergy Select Sector SPDR Fund-213.6410,446.60-2.05%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity4,654.432,406,250.100.19%
International Equity4,881.08844,756.400.58%
U.S. Fixed Income-484.99734,984.78-0.07%
International Fixed Income353.5686,401.640.41%
Commodities ETFs-280.3378,788.73-0.36%
Currency-20.151,412.70-1.43%
Leveraged219.8836,820.150.60%
Inverse-125.7712,151.70-1.03%
Asset Allocation15.3510,419.810.15%
Alternatives57.404,705.151.22%
Total:9,270.454,216,691.150.22%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity98,419.202,406,250.104.09%
International Equity11,168.51844,756.401.32%
U.S. Fixed Income112,146.99734,984.7815.26%
International Fixed Income17,042.4586,401.6419.72%
Commodities ETFs8,897.1778,788.7311.29%
Currency-379.001,412.70-26.83%
Leveraged-7,412.5336,820.15-20.13%
Inverse5,245.0312,151.7043.16%
Asset Allocation447.3210,419.814.29%
Alternatives1,065.274,705.1522.64%
Total:246,640.434,216,691.155.85%

 

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
HOLDAdvisorShares Sage Core Reserves ETF8,53962,511732.10%
IBDCiShares iBonds Mar 2020 Corporate ETF23,689108,109456.37%
JQUAJPMorgan U.S. Quality Factor ETF11,37051,157449.93%
FTVAAptus Fortified Value ETF23,365124,953534.79%
IMTBiShares Core 5-10 Year USD Bond ETF14,31252,911369.70%
INKMSPDR SSGA Income Allocation ETF19,80273,919373.29%
GRICohen & Steers Global Realty Majors ETF2,76410,579382.66%
HTRBHartford Total Return Bond ETF27,93390,597324.33%
IBDDiShares iBonds Mar 2023 Term Corporate ETF4,25313,995329.03%
OPERClearShares Ultra-Short Maturity ETF11,59764,446555.71%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
NIBiPath Bloomberg Cocoa Subindex Total Return ETN8.41%507,81326.77
PAKGlobal X MSCI Pakistan ETF4.32%232,04845.45
SILJETFMG Prime Junior Silver Miners ETF3.60%849,160110.44
BDRYBreakwave Dry Bulk Shipping ETF2.86%1,9721.69
ITBiShares U.S. Home Construction ETF2.64%10,909,5921,293.71
PTFInvesco DWA Technology Momentum ETF2.59%62,753203.70
BTECPrincipal Healthcare Innovators Index ETF2.57%2,32254.00
WCLDWisdomTree Cloud Computing Fund2.55%7,46811.21
MOMAGFiQ U.S. Market Neutral Momentum Fund2.54%2,4732.38
QMOMAlpha Architect U.S. Quantitative Momentum ETF2.52%31,31260.06

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
INRMarket Vectors-Indian Rupee/USD ETN57.72%0.00%0.47
XSDSPDR S&P Semiconductor ETF54.34%0.61%414.50
FTXLFirst Trust Nasdaq Semiconductor ETF52.46%0.21%38.99
SMHVanEck Vectors Semiconductor ETF52.31%-0.02%1,434.69
ITBiShares U.S. Home Construction ETF51.53%2.64%1,293.71
SOXXiShares PHLX Semiconductor ETF51.32%-0.10%2,106.66
TANInvesco Solar ETF49.38%-1.51%389.97
CHISGlobal X MSCI China Consumer Staples ETF46.25%-1.06%7.49
PSIInvesco Dynamic Semiconductors ETF43.69%0.59%197.03
PBWInvesco WilderHill Clean Energy ETF43.68%-0.63%183.52

 

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.