'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.

ETF.com
|
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%
Commodities-741.9473,754.47-1.01%
Currency-1.021,416.98-0.07%
Leveraged510.1624,178.932.11%
Inverse-57.7919,917.97-0.29%
Asset Allocation28.716,450.280.45%
Alternatives30.314,526.550.67%
Total:5,639.662,409,250.380.23%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% 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.

 

 

etf.com is the single source for ETF intelligence. We provide real-time ETF news and analysis to educate investors and drive financial knowledge in the space. Our personalized and accurate information, alongside industry-leading financial tools, are depended upon to develop winning investment and financial decisions. At etf.com, we strive to serve both the individual investor as well as the professional financial advisor to educate and grow the ETF community.