Weekly Outflows For ETFs, ‘XLE’ Sees $1.1B Inflow

While ETFs registered outflows of $2.5 billion, energy ETF assets spike.

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Editor-in-Chief
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Reviewed by: Drew Voros
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Edited by: Drew Voros

Weekly flows for U.S.-listed ETFs continued to reflect this year’s tepid amount of new assets, in sharp contrasts to 2018’s blistering start and finish.

For the week ending Thursday, March 7, ETF saw $2.5 billion in outflows, which takes year-to-date totals down to $18 billion. As of March 15, 2018, ETFs have seen nearly $100 billion in new assets and were headed to second-best year for ETF flows.

No particular asset class stood out in terms of inflows or outflows. U.S. equity inflows were down $1 billion, almost equal to the outflows in U.S. fixed income. International equity ETFs led the asset-class pack, with $244 million in new assets.

Energy ETF ‘XLE’ Gets A Boost

The Energy Select Sector SPDR Fund (XLE) topped the creations list, with $1.16 billion, a nearly 8% increase in total assets under management, as it continues to outperform, rising 14.23% so far this year.

Compare that with the return of the SPDR S&P 500 ETF Trust (SPY), which had a return of 11% in the same time period, and also led outflows this week, with $2 billion flowing out. However, that amount is less than 1% of the total AUM for SPY, which has $257 billion in assets under management (AUM). XLE now has $14.6 billion in AUM.

Another ETF that saw strong weekly inflows was the Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR), which registered nearly $300 million in inflows, a 14.5% jump in total AUM.

Mixed Bag Of Outflows

Equity ETFs, long-term, short-term and junk bond funds and even gold—the SPDR Gold Trust (GLD), which saw almost $750 million in outflows—peppered the top 10 list, with no real trend other than investors seem to be moving around on the fixed-income space.

Percentagewise, the Vanguard Short-Term Treasury Index ETF (VGSH) saw the biggest outflows, with 14.5% of its assets leaving the $4.8 billion fund. On the other side of the bond curve, the iShares 20+ Year Treasury Bond ETF (TLT), had the second-most redemptions by percent, 8.3%, for that $10 billion fund.

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
XLEEnergy Select Sector SPDR Fund1,163.3114,660.247.94%
BSVVanguard Short-Term Bond ETF669.5823,282.442.88%
SHYiShares 1-3 Year Treasury Bond ETF643.0319,726.463.26%
IVViShares Core S&P 500 ETF617.37159,601.540.39%
VNQVanguard Real Estate ETF455.0533,046.151.38%
IEFAiShares Core MSCI EAFE ETF350.1457,664.370.61%
ASHRXtrackers Harvest CSI 300 China A-Shares ETF294.202,035.2014.46%
VTIVanguard Total Stock Market ETF270.89107,395.870.25%
JNKSPDR Bloomberg Barclays High Yield Bond ETF266.318,386.223.18%
USFRWisdomTree Floating Rate Treasury Fund193.112,263.208.53%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-2,077.95257,507.03-0.81%
IWMiShares Russell 2000 ETF-1,378.5341,243.19-3.34%
TLTiShares 20+ Year Treasury Bond ETF-862.5810,369.78-8.32%
HYGiShares iBoxx USD High Yield Corporate Bond ETF-793.9614,540.93-5.46%
GLDSPDR Gold Trust-746.3931,679.12-2.36%
VGSHVanguard Short-Term Treasury Index ETF-694.744,785.27-14.52%
QQQInvesco QQQ Trust-686.4867,877.27-1.01%
XLYConsumer Discretionary Select Sector SPDR Fund-596.3612,216.01-4.88%
XLIIndustrial Select Sector SPDR Fund-577.7510,125.93-5.71%
EFAiShares MSCI EAFE ETF-386.5964,998.82-0.59%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-1,100.272,094,758.00-0.05%
International Equity244.74812,651.820.03%
U.S. Fixed Income-990.02616,081.95-0.16%
International Fixed Income64.2173,980.310.09%
Commodities -799.8563,586.01-1.26%
Currency-204.441,494.37-13.68%
Leveraged23.7836,443.400.07%
Inverse144.1612,063.891.20%
Asset Allocation-4.689,357.30-0.05%
Alternatives46.474,605.191.01%
Total:-2,575.903,725,022.24-0.07%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-12,329.092,094,758.00-0.59%
International Equity6,308.08812,651.820.78%
U.S. Fixed Income16,974.66616,081.952.76%
International Fixed Income7,018.5273,980.319.49%
Commodities -476.1963,586.01-0.75%
Currency-302.821,494.37-20.26%
Leveraged-1,391.2036,443.40-3.82%
Inverse2,528.9612,063.8920.96%
Asset Allocation-551.119,357.30-5.89%
Alternatives467.514,605.1910.15%
Total:18,247.323,725,022.240.49%

 

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
DIVCC-Tracks ETN - Miller/Howard Strategic Dividend Reinvestor21150713.11%
IQINIQ 500 International ETF5,92541,354697.99%
GBFiShares Government/Credit Bond ETF27,183176,613649.73%
PEJInvesco Dynamic Leisure and Entertainment ETF23,752141,810597.04%

USHY

iShares Broad USD High Yield Corporate Bond ETF

76,538

362,568

473.71%

TDTFFlexShares iBoxx 5-Year Target Duration TIPS Index Fund292,7401,294,601442.24%

HFXI

IQ 50 Percent Hedged FTSE International ETF

125,182

543,322

434.03%

WPSiShares International Developed Property ETF371,5911,596,996429.77%
BKFiShares MSCI BRIC ETF389,7381,506,983386.67%
CNYAiShares MSCI China A ETF49,135182,645371.72%

 

 

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.

Drew Voros has nearly 30 years' experience in financial journalism. He was a longtime business editor for the Oakland Tribune and sister papers of the Bay Area News Group, and finance writer for the Hollywood trade publication Variety. Voros' past roles have also included editor-in-chief at etf.com and ETF Report.