'XLF' Helps Power Weekly Inflows, 'GLD' Has Big Outflows

Financial sector ETFs were in favor during the past week, while physically backed 'GLD' was out of favor.

Reviewed by: etf.com Staff
Edited by: etf.com Staff

When it comes to flows, ETFs closed out August on a strong note. According to FactSet, U.S.-listed exchange-traded funds had inflows of $5.6 billion in the week ending Thursday, Sept. 1―the eighth-straight week of positive flows. 

U.S. equity ETFs were the biggest winners, with inflows of $4.4 billion. That was followed by U.S. fixed-income ETFs, with inflows of $800 million and international equity ETFs, with inflows of $750 million.

On the other hand, commodity ETFs had outflows of $740 million, and international fixed-income ETFs had outflows of a modest $50 million.

Financials ETFs See Inflows

When it comes to individual ETFs, the SPDR S&P 500 ETF (SPY) led the pack, with creations of $2.4 billion. Two financials ETFs also saw strong interest: the Financial Select Sector SPDR Fund (XLF) and the iShares U.S. Financials ETF (IYF), with creations of $340 million and $240 million, respectively.

Another notable winner in terms of flows was the VanEck Vectors Gold Miners ETF (GDX), which had creations of nearly $290 million on the week. Gold prices remained in a relatively narrow trading range in the $1,300's during the past week and month.

GLD Outflows Total $790 Million

In contrast to the inflows into GDX, another gold ETF, the SPDR Gold Trust (GLD), saw sizable outflows during the week. GLD's redemptions of $790 million were enough to put it at No. 2 on the outflows list.

At the No. 1 spot was the PowerShares QQQ Trust (QQQ), with outflows of $850 million, and the iShares 20+ Year Treasury Bond ETF (TLT), with outflows of $310 million, took the No. 3 spot.

Expectations of a Fed rate hike sometime in the next few months have grown in recent weeks, pushing yields on long-maturity bonds higher and prices for ETFs holding those bonds lower. 

Other fixed-income ETFs to see redemptions during the week include the iShares iBoxx Investment Grade Corporate Bond ETF (LQD), with outflows of $170 million; the iShares iBoxx High Yield Corporate Bond ETF (HYG), with outflows of $150 million; and the PIMCO 25+ Year Zero Coupon US Treasury Index ETF (ZROZ) w, ith outflows of $120 million.

For a full list of this week's inflows and outflows leaders, see the tables below:

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust2,398.21199,482.431.22%
XLFFinancial Select Sector SPDR Fund343.5516,372.022.14%
GDXVanEck Vectors Gold Miners ETF286.889,588.773.08%
XLKTechnology Select Sector SPDR Fund259.0713,075.602.02%
IYFiShares U.S. Financials ETF238.921,382.1320.90%
MDYSPDR S&P Midcap 400 ETF Trust235.5217,405.711.37%
TIPiShares TIPS Bond ETF232.0518,482.531.27%
VOOVanguard S&P 500 Index Fund220.7751,166.120.43%
VWOVanguard FTSE Emerging Markets ETF210.2742,202.800.50%
VTIVanguard Total Stock Market Index Fund202.9564,577.590.32%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
QQQPowerShares QQQ Trust-851.1939,614.25-2.10%
GLDSPDR Gold Trust-790.9139,465.07-1.96%
TLTiShares 20+ Year Treasury Bond ETF-308.087,875.56-3.76%
IWBiShares Russell 1000 ETF-187.4716,139.80-1.15%
LQDiShares iBoxx $ Investment Grade Corporate Bond ETF-172.7932,711.86-0.53%
HYGiShares iBoxx $ High Yield Corporate Bond ETF-146.9316,454.40-0.89%
IYKiShares U.S. Consumer Goods ETF-139.84705.17-16.55%
ZROZPIMCO 25+ Year Zero Coupon US Treasury Index ETF-118.02253.16-31.79%
DUSTDirexion Daily Gold Miners Bear 3x Shares-111.45480.74-18.82%
IVViShares Core S&P 500 ETF-109.4178,650.02-0.14%

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity4,373.641,329,263.250.33%
International Equity751.59505,168.270.15%
U.S. Fixed Income799.19403,734.960.20%
International Fixed Income-53.1940,838.71-0.13%
Asset Allocation28.716,450.280.45%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
% of Average
JPEUJPMorgan Diversified Return Europe Equity ETF4732,500529.08%
IXGiShares Global Financials ETF47,097215,928458.48%
FJPFirst Trust Japan AlphaDEX Fund28,254100,774356.67%
GXGGlobal X MSCI Colombia ETF90,031292,951325.39%
MXIiShares Global Materials ETF46,950127,182270.89%
BSCLGuggenheim BulletShares 2021 Corporate Bond ETF111,361267,292240.02%
STOTSPDR DoubleLine Short Duration Total Return Tactical5201,753336.76%
DBVPowerShares DB G10 Currency Harvest Fund15,74825,514162.01%
RYUGuggenheim S&P 500 Equal Weight Utilities ETF37,77765,676173.85%
DBCPowerShares DB Commodity Index Tracking Fund2,288,4804,072,999177.98%

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.



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