Weekly Inflows Total $9B Amid Equity Highs

Senior ETF Analyst

Nov 15, 2019

Reviewed by: Sumit Roy

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)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
IEFA	iShares Core MSCI EAFE ETF	1,752.39	70,260.84	2.49%
QQQ	Invesco QQQ Trust	995.29	82,548.94	1.21%
SPLV	Invesco S&P 500 Low Volatility ETF	702.46	13,203.37	5.32%
DIA	SPDR Dow Jones Industrial Average ETF Trust	444.65	22,706.51	1.96%
XLU	Utilities Select Sector SPDR Fund	436.77	11,659.34	3.75%
IEUR	iShares Core MSCI Europe ETF	435.50	3,771.04	11.55%
BBRE	JPMorgan BetaBuilders MSCI U.S. REIT ETF	385.90	1,065.22	36.23%
VTV	Vanguard Value ETF	352.74	53,485.84	0.66%
IVV	iShares Core S&P 500 ETF	341.94	194,948.14	0.18%
XLF	Financial Select Sector SPDR Fund	330.72	25,406.28	1.30%

Top 10 Redemptions (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
SPY	SPDR S&P 500 ETF Trust	-1,910.48	279,908.35	-0.68%
LQD	iShares iBoxx USD Investment Grade Corporate Bond ETF	-467.15	34,286.43	-1.36%
HYG	iShares iBoxx USD High Yield Corporate Bond ETF	-459.86	18,637.62	-2.47%
MDY	SPDR S&P Midcap 400 ETF Trust	-425.54	18,850.21	-2.26%
XLK	Technology Select Sector SPDR Fund	-375.51	24,783.94	-1.52%
XLV	Health Care Select Sector SPDR Fund	-342.55	18,217.58	-1.88%
TLT	iShares 20+ Year Treasury Bond ETF	-310.90	17,044.89	-1.82%
VCIT	Vanguard Intermediate-Term Corporate Bond ETF	-271.72	24,820.67	-1.09%
SPIB	SPDR Portfolio Intermediate Term Corporate Bond ETF	-217.65	4,967.30	-4.38%
XLE	Energy Select Sector SPDR Fund	-213.64	10,446.60	-2.05%

ETF Weekly Flows By Asset Class

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	4,654.43	2,406,250.10	0.19%
International Equity	4,881.08	844,756.40	0.58%
U.S. Fixed Income	-484.99	734,984.78	-0.07%
International Fixed Income	353.56	86,401.64	0.41%
Commodities ETFs	-280.33	78,788.73	-0.36%
Currency	-20.15	1,412.70	-1.43%
Leveraged	219.88	36,820.15	0.60%
Inverse	-125.77	12,151.70	-1.03%
Asset Allocation	15.35	10,419.81	0.15%
Alternatives	57.40	4,705.15	1.22%
Total:	9,270.45	4,216,691.15	0.22%

Asset Classes (Year-to-Date)

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	98,419.20	2,406,250.10	4.09%
International Equity	11,168.51	844,756.40	1.32%
U.S. Fixed Income	112,146.99	734,984.78	15.26%
International Fixed Income	17,042.45	86,401.64	19.72%
Commodities ETFs	8,897.17	78,788.73	11.29%
Currency	-379.00	1,412.70	-26.83%
Leveraged	-7,412.53	36,820.15	-20.13%
Inverse	5,245.03	12,151.70	43.16%
Asset Allocation	447.32	10,419.81	4.29%
Alternatives	1,065.27	4,705.15	22.64%
Total:	246,640.43	4,216,691.15	5.85%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker	Name	Average Volume (30 Day)	1 Week Average Volume	% of Average
HOLD	AdvisorShares Sage Core Reserves ETF	8,539	62,511	732.10%
IBDC	iShares iBonds Mar 2020 Corporate ETF	23,689	108,109	456.37%
JQUA	JPMorgan U.S. Quality Factor ETF	11,370	51,157	449.93%
FTVA	Aptus Fortified Value ETF	23,365	124,953	534.79%
IMTB	iShares Core 5-10 Year USD Bond ETF	14,312	52,911	369.70%
INKM	SPDR SSGA Income Allocation ETF	19,802	73,919	373.29%
GRI	Cohen & Steers Global Realty Majors ETF	2,764	10,579	382.66%
HTRB	Hartford Total Return Bond ETF	27,933	90,597	324.33%
IBDD	iShares iBonds Mar 2023 Term Corporate ETF	4,253	13,995	329.03%
OPER	ClearShares Ultra-Short Maturity ETF	11,597	64,446	555.71%

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	8.41%	507,813	26.77
PAK	Global X MSCI Pakistan ETF	4.32%	232,048	45.45
SILJ	ETFMG Prime Junior Silver Miners ETF	3.60%	849,160	110.44
BDRY	Breakwave Dry Bulk Shipping ETF	2.86%	1,972	1.69
ITB	iShares U.S. Home Construction ETF	2.64%	10,909,592	1,293.71
PTF	Invesco DWA Technology Momentum ETF	2.59%	62,753	203.70
BTEC	Principal Healthcare Innovators Index ETF	2.57%	2,322	54.00
WCLD	WisdomTree Cloud Computing Fund	2.55%	7,468	11.21
MOM	AGFiQ U.S. Market Neutral Momentum Fund	2.54%	2,473	2.38
QMOM	Alpha Architect U.S. Quantitative Momentum ETF	2.52%	31,312	60.06

Top 10 YTD Performers

Ticker	Name	YTD Performance	Weekly Performance	AUM ($, mm)
INR	Market Vectors-Indian Rupee/USD ETN	57.72%	0.00%	0.47
XSD	SPDR S&P Semiconductor ETF	54.34%	0.61%	414.50
FTXL	First Trust Nasdaq Semiconductor ETF	52.46%	0.21%	38.99
SMH	VanEck Vectors Semiconductor ETF	52.31%	-0.02%	1,434.69
ITB	iShares U.S. Home Construction ETF	51.53%	2.64%	1,293.71
SOXX	iShares PHLX Semiconductor ETF	51.32%	-0.10%	2,106.66
TAN	Invesco Solar ETF	49.38%	-1.51%	389.97
CHIS	Global X MSCI China Consumer Staples ETF	46.25%	-1.06%	7.49
PSI	Invesco Dynamic Semiconductors ETF	43.69%	0.59%	197.03
PBW	Invesco WilderHill Clean Energy ETF	43.68%	-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

| Contact: [email protected]

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.

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Weekly Inflows Total $9B Amid Equity Highs

Weekly Inflows Total $9B Amid Equity Highs

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