XLE & GLD Top Weekly Flows; DBEF's Assets Plunge
The latest weekly flows showed that investors favored fixed-income and commodity ETFs, while shunning international equity ETFs.
Strong inflows into U.S. fixed-income products helped push overall ETF flows into positive territory. Data from FactSet showed that investors added $4.3 billion into U.S.-listed ETFs in the week ending Thursday, Sept. 22.
The bulk of that, or $3.8 billion, went into U.S. fixed-income products. Other segments to see inflows included commodity ETFs, with inflows of more than $800 million; international fixed-income ETFs, with inflows in excess of $400 million; and U.S. equity ETFs, with inflows topping $200 million.
The only major segment to see an outflow was international equity ETFs, with redemptions totaling more than $1 billion.
XLE & GLD Top Inflows List
In terms of individual ETFs, one notable winner was the Energy Select Sector SPDR Fund (XLE). It had inflows of $840 million in the week, the equivalent of 6.1% of its assets under management. Oil prices have remained range-bound for some time now between $40 and $50 a barrel.
Meanwhile, the SPDR Gold Trust (GLD) was another commodity-related ETF that garnered strong inflows. Its weekly inflows of just under $800 million put its AUM above the $40 billion mark. Additionally, the VanEck Vectors Gold Miners ETF (GDX) also had strong inflows in the latest week, to the tune of $390 million.
Though as an asset class, fixed-income had the largest flows this week, only two individual fixed-income ETFs made the top 10 list. Those were the iShares 1-3 Year Treasury Bond ETF (SHY) and the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD), with inflows of $680 million and $530 million, respectively.
DBEF & HEFA Bleed Assets
On the outflows side, the most notable loser was the Deutsche X-trackers MSCI EAFE Hedged Equity ETF (DBEF), with redemptions of $1 billion, or 10% of its assets. DBEF, along with several other international equity ETFs, have seen consistent outflows all year long.
Similarly, the iShares Currency Hedged MSCI EAFE ETF (HEFA) also lost significant assets. Its outflows of $380 million this week were the equivalent of 10.5% of the ETF's AUM.
For a full list of this week's top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
QQQ | PowerShares QQQ Trust | 1,382.55 | 39,816.86 | 3.60% |
XLE | Energy Select Sector SPDR Fund | 841.69 | 14,578.77 | 6.13% |
GLD | SPDR Gold Trust | 791.09 | 40,533.80 | 1.99% |
SHY | iShares 1-3 Year Treasury Bond ETF | 680.23 | 10,958.33 | 6.62% |
DIA | SPDR Dow Jones Industrial Average ETF Trust | 661.97 | 12,658.85 | 5.52% |
IWD | iShares Russell 1000 Value ETF | 627.71 | 31,038.45 | 2.06% |
LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | 534.54 | 32,443.39 | 1.68% |
GDX | VanEck Vectors Gold Miners ETF | 390.19 | 11,644.82 | 3.47% |
XLU | Utilities Select Sector SPDR Fund | 361.59 | 8,007.32 | 4.73% |
SMH | VanEck Vectors Semiconductor ETF | 352.48 | 642.82 | 121.40% |
Top 10 Redemptions (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
SPY | SPDR S&P 500 ETF Trust | -2,585.93 | 194,295.91 | -1.31% |
DBEF | Deutsche X-trackers MSCI EAFE Hedged Equity ETF | -1,018.09 | 8,938.13 | -10.23% |
VO | Vanguard Mid-Cap Index Fund | -971.08 | 15,056.82 | -6.06% |
VB | Vanguard Small-Cap Index Fund | -731.43 | 14,026.89 | -4.96% |
VBR | Vanguard Small Cap Value Index Fund | -578.20 | 8,127.13 | -6.64% |
GDXJ | VanEck Vectors Junior Gold Miners ETF | -442.74 | 4,968.74 | -8.18% |
HEFA | iShares Currency Hedged MSCI EAFE ETF | -384.80 | 3,293.22 | -10.46% |
IWM | iShares Russell 2000 ETF | -350.91 | 27,860.31 | -1.24% |
XLF | Financial Select Sector SPDR Fund | -344.93 | 11,956.92 | -2.80% |
VOE | Vanguard Mid Cap Value Index Fund | -294.28 | 5,530.79 | -5.05% |
ETF Weekly Flows By Asset Class
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 217.97 | 1,310,445.03 | 0.02% |
International Equity | -1,078.29 | 502,873.21 | -0.21% |
U.S. Fixed Income | 3,788.62 | 402,335.60 | 0.94% |
International Fixed Income | 417.92 | 40,541.02 | 1.03% |
Commodities | 823.14 | 73,043.84 | 1.13% |
Currency | -50.19 | 1,356.30 | -3.70% |
Leveraged | 225.80 | 24,085.00 | 0.94% |
Inverse | -28.30 | 20,203.93 | -0.14% |
Asset Allocation | -7.30 | 6,365.73 | -0.11% |
Alternatives | 12.13 | 4,498.37 | 0.27% |
Total: | 4,321.49 | 2,385,748.02 | 0.18% |
Top 10 Volume Surprises, Funds >$50 mm AUM
Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
WPS | iShares International Developed Property ETF | 22,178 | 107,418 | 484.35% |
PVI | PowerShares VRDO Tax-Free Weekly Portfolio | 8,759 | 32,576 | 371.92% |
INP | iPath MSCI India Index ETN | 7,072 | 20,513 | 290.08% |
IWL | iShares Russell Top 200 ETF | 6,170 | 13,035 | 211.26% |
RLY | SPDR SSgA Multi-Asset Real Return ETF | 14,723 | 26,787 | 181.94% |
DBGR | Deutsche X-trackers MSCI Germany Hedged Equity ETF | 23,889 | 55,354 | 231.71% |
FIEU | Credit Suisse FI Enhanced Europe 50 ETN | 3,399 | 5,440 | 160.03% |
IWP | iShares Russell Mid-Cap Growth ETF | 308,743 | 630,202 | 204.12% |
IPE | SPDR Barclays TIPS ETF | 26,216 | 51,177 | 195.22% |
HAP | VanEck Vectors Natural Resources ETF | 13,054 | 17,758 | 136.04% |
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.