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

Sep 02, 2016

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)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
SPY	SPDR S&P 500 ETF Trust	2,398.21	199,482.43	1.22%
XLF	Financial Select Sector SPDR Fund	343.55	16,372.02	2.14%
GDX	VanEck Vectors Gold Miners ETF	286.88	9,588.77	3.08%
XLK	Technology Select Sector SPDR Fund	259.07	13,075.60	2.02%
IYF	iShares U.S. Financials ETF	238.92	1,382.13	20.90%
MDY	SPDR S&P Midcap 400 ETF Trust	235.52	17,405.71	1.37%
TIP	iShares TIPS Bond ETF	232.05	18,482.53	1.27%
VOO	Vanguard S&P 500 Index Fund	220.77	51,166.12	0.43%
VWO	Vanguard FTSE Emerging Markets ETF	210.27	42,202.80	0.50%
VTI	Vanguard Total Stock Market Index Fund	202.95	64,577.59	0.32%

Top 10 Redemptions (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
QQQ	PowerShares QQQ Trust	-851.19	39,614.25	-2.10%
GLD	SPDR Gold Trust	-790.91	39,465.07	-1.96%
TLT	iShares 20+ Year Treasury Bond ETF	-308.08	7,875.56	-3.76%
IWB	iShares Russell 1000 ETF	-187.47	16,139.80	-1.15%
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	-172.79	32,711.86	-0.53%
HYG	iShares iBoxx $ High Yield Corporate Bond ETF	-146.93	16,454.40	-0.89%
IYK	iShares U.S. Consumer Goods ETF	-139.84	705.17	-16.55%
ZROZ	PIMCO 25+ Year Zero Coupon US Treasury Index ETF	-118.02	253.16	-31.79%
DUST	Direxion Daily Gold Miners Bear 3x Shares	-111.45	480.74	-18.82%
IVV	iShares Core S&P 500 ETF	-109.41	78,650.02	-0.14%

ETF Weekly Flows By Asset Class

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	4,373.64	1,329,263.25	0.33%
International Equity	751.59	505,168.27	0.15%
U.S. Fixed Income	799.19	403,734.96	0.20%
International Fixed Income	-53.19	40,838.71	-0.13%
Commodities	-741.94	73,754.47	-1.01%
Currency	-1.02	1,416.98	-0.07%
Leveraged	510.16	24,178.93	2.11%
Inverse	-57.79	19,917.97	-0.29%
Asset Allocation	28.71	6,450.28	0.45%
Alternatives	30.31	4,526.55	0.67%
Total:	5,639.66	2,409,250.38	0.23%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker	Name	Average Volume (30 Day)	1 Week Average Volume	% of Average
JPEU	JPMorgan Diversified Return Europe Equity ETF	473	2,500	529.08%
IXG	iShares Global Financials ETF	47,097	215,928	458.48%
FJP	First Trust Japan AlphaDEX Fund	28,254	100,774	356.67%
GXG	Global X MSCI Colombia ETF	90,031	292,951	325.39%
MXI	iShares Global Materials ETF	46,950	127,182	270.89%
BSCL	Guggenheim BulletShares 2021 Corporate Bond ETF	111,361	267,292	240.02%
STOT	SPDR DoubleLine Short Duration Total Return Tactical	520	1,753	336.76%
DBV	PowerShares DB G10 Currency Harvest Fund	15,748	25,514	162.01%
RYU	Guggenheim S&P 500 Equal Weight Utilities ETF	37,777	65,676	173.85%
DBC	PowerShares DB Commodity Index Tracking Fund	2,288,480	4,072,999	177.98%

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.

etf.com Staff

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

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

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