Whopping $37B Flows Into ETFs
It was by far the largest weekly inflow of the year.
After slumbering for the first 2 1/2 months of the year, ETF investors suddenly awakened. In a mere five days, they plowed a whopping $36.7 billion into U.S.-listed ETFs—mostly U.S. equity funds. Inflows for the whole year now stand at $54.7 billion.
The latest data, which measure the week ending Thursday, March 14 and that come from FactSet, showed inflows of $30.6 billion for U.S. equity ETFs; $5.4 billion for U.S. fixed-income ETFs; and $867 million for international fixed-income ETFs.
Mystery Spike
There was no obvious catalyst for the sharp spike in flows. The S&P 500 reached its highest level in five months this week, but it’s been climbing all year long. The index is now up more than 12.5% year-to-date.
Low-cost, broad-market ETFs from iShares and Vanguard dominated the weekly inflows list. The iShares Core S&P 500 ETF (IVV), the iShares Select Dividend ETF (DVY) and the Vanguard Value ETF (VTV) took the top three spots.
On the flip side, the Energy Select Sector SPDR Fund (XLE), the iShares MSCI Japan ETF (EWJ) and the iShares 20+ Year Treasury Bond ETF (TLT) topped the outflows list, shedding between $300 million and $680 million each.
For a full list of this week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
IVV | iShares Core S&P 500 ETF | 3,873.39 | 165,851.07 | 2.34% |
DVY | iShares Select Dividend ETF | 2,485.79 | 19,752.41 | 12.58% |
VTV | Vanguard Value ETF | 2,316.39 | 48,850.97 | 4.74% |
VOO | Vanguard S&P 500 ETF | 1,952.33 | 105,615.29 | 1.85% |
VO | Vanguard Mid-Cap ETF | 1,929.60 | 26,663.75 | 7.24% |
VIG | Vanguard Dividend Appreciation ETF | 1,828.73 | 34,400.54 | 5.32% |
SPY | SPDR S&P 500 ETF Trust | 1,753.00 | 262,968.77 | 0.67% |
SCHD | Schwab U.S. Dividend Equity ETF | 1,199.13 | 10,090.98 | 11.88% |
VYM | Vanguard High Dividend Yield ETF | 1,185.86 | 23,991.71 | 4.94% |
VUG | Vanguard Growth ETF | 1,084.52 | 38,567.76 | 2.81% |
Top 10 Redemptions (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
XLE | Energy Select Sector SPDR Fund | -679.07 | 14,063.39 | -4.83% |
EWJ | iShares MSCI Japan ETF | -616.73 | 14,446.57 | -4.27% |
TLT | iShares 20+ Year Treasury Bond ETF | -303.16 | 10,199.96 | -2.97% |
EMB | iShares JP Morgan USD Emerging Markets Bond ETF | -236.57 | 17,136.18 | -1.38% |
VGT | Vanguard Information Technology ETF | -233.88 | 18,967.38 | -1.23% |
VNQ | Vanguard Real Estate ETF | -232.39 | 33,566.61 | -0.69% |
SPSM | SPDR Portfolio Small Cap ETF | -230.01 | 1,232.87 | -18.66% |
MTUM | iShares Edge MSCI U.S.A. Momentum Factor ETF | -214.76 | 8,444.45 | -2.54% |
ITOT | iShares Core S&P Total U.S. Stock Market ETF | -211.97 | 18,484.19 | -1.15% |
IWF | iShares Russell 1000 Growth ETF | -204.90 | 42,272.28 | -0.48% |
ETF Weekly Flows By Asset Class
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 30,582.50 | 2,153,191.54 | 1.42% |
International Equity | 866.99 | 814,904.67 | 0.11% |
U.S. Fixed Income | 5,371.52 | 623,940.58 | 0.86% |
International Fixed Income | -61.32 | 74,125.58 | -0.08% |
Commodities | 210.60 | 64,879.06 | 0.32% |
Currency | -10.19 | 1,473.70 | -0.69% |
Leveraged | -196.84 | 37,166.63 | -0.53% |
Inverse | 14.03 | 11,784.28 | 0.12% |
Asset Allocation | -51.20 | 9,368.83 | -0.55% |
Alternatives | -20.08 | 4,525.13 | -0.44% |
Total: | 36,706.01 | 3,795,359.98 | 0.97% |
Asset Classes (Year-to-Date)
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 17,973.05 | 2,153,191.54 | 0.83% |
International Equity | 7,188.33 | 814,904.67 | 0.88% |
U.S. Fixed Income | 22,381.06 | 623,940.58 | 3.59% |
International Fixed Income | 6,963.41 | 74,125.58 | 9.39% |
Commodities | -265.58 | 64,879.06 | -0.41% |
Currency | -313.01 | 1,473.70 | -21.24% |
Leveraged | -1,607.80 | 37,166.63 | -4.33% |
Inverse | 2,539.05 | 11,784.28 | 21.55% |
Asset Allocation | -604.64 | 9,368.83 | -6.45% |
Alternatives | 447.42 | 4,525.13 | 9.89% |
Total: | 54,701.30 | 3,795,359.98 | 1.44% |
Top 10 Volume Surprises, Funds >$50 mm AUM
Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
WBIG | WBI BullBear Yield 1000 ETF | 51,829 | 311,849 | 601.69% |
WBIC | WBI BullBear Yield 2000 ETF | 48,627 | 287,611 | 591.46% |
WBIH | WBI BullBear Global High Income ETF | 123,390 | 658,568 | 533.73% |
WBII | WBI BullBear Global Income ETF | 55,768 | 292,532 | 524.55% |
PYZ | Invesco DWA Basic Materials Momentum ETF | 7,340 | 38,070 | 518.65% |
WBIY | WBI Power Factor High Dividend ETF | 42,843 | 188,615 | 440.24% |
FNK | First Trust Mid Cap Value AlphaDEX Fund | 7,808 | 24,858 | 318.35% |
JAGG | JPMorgan U.S. Aggregate Bond ETF | 150,245 | 346,743 | 230.78% |
BBRE | JPMorgan BetaBuilders MSCI U.S. REIT ETF | 5,838 | 13,333 | 228.39% |
XTL | SPDR S&P Telecom ETF | 9,053 | 16,215 | 179.11% |
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.