ETFs See Record $52B Inflows

Domestic large caps and emerging markets led the way for flows.

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Reviewed by: Heather Bell
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Edited by: Heather Bell

The ETF industry is certainly having a happy holiday, with impressive inflows of nearly $52 billion for the week ended Thursday, Dec. 19—the largest weekly inflow on record. The amount brings the year-to-date total to $342 billion, pushing well past where the total inflows stood at the same time last year ($305 billion). Total assets for U.S.-listed ETFs now stand at $4.4 trillion, roughly $1 trillion more than where the AUM were at this time last year.

In March 2018, there was a week where U.S.-listed ETFs saw $45 billion in inflows, but this past week far surpassed that amount.

Interestingly, the iShares S&P 500 Growth ETF (IVW) and iShares S&P 500 Value ETF (IVE) were at the top in terms of flows, almost exactly where they were at this time last year, when both funds pulled in more than $2 billion. This year, IVE gained $4.3 billion while IVG packed on $3.3 billion.

Although the SPDR S&P 500 ETF (SPY) didn’t make the top 10, its lower-cost clone, the Vanguard 500 ETF (VOO), ranked at No. 5 for flows, pulling in $1.4 billion, closely followed by the iShares Core MSCI Emerging Markets ETF (IEMG), which gained nearly as much.

Looking at the top 10 ETFs for inflows during the week, large-cap growth and value funds as well as emerging markets ETFs dominated other ETFs. U.S. equity ETFs gained $36.5 billion overall, followed by international equity, which added $9 billion.

Meanwhile, two sector funds topped the outflows list, with the Financial Select Sector SPDR Fund (XLF) and the Energy Select Sector SPDR Fund (XLE) losing $834.3 million and $557.8 million, respectively. And although VOO gained more than $1 billion, the iShares Core S&P 500 ETF (IVV) was the fourth-biggest loser, bleeding $320 million. Other funds in the top 10 for outflows included Treasury ETFs and other sector funds.

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

 

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
IVEiShares S&P 500 Value ETF4,269.6821,915.5719.48%
IVWiShares S&P 500 Growth ETF3,287.5727,767.7711.84%
IUSViShares Core S&P U.S. Value ETF1,646.328,500.3919.37%
RPGInvesco S&P 500 Pure Growth ETF1,638.714,355.0737.63%
VOOVanguard S&P 500 ETF1,447.53130,497.121.11%
IEMGiShares Core MSCI Emerging Markets ETF1,411.2660,985.882.31%
SPYVSPDR Portfolio S&P 500 Value ETF1,336.836,072.6522.01%
IJSiShares S&P Small-Cap 600 Value ETF1,206.237,930.1515.21%
IJJiShares S&P Mid-Cap 400 Value ETF1,198.817,805.0015.36%
EEMiShares MSCI Emerging Markets ETF1,062.8729,196.323.64%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
XLFFinancial Select Sector SPDR Fund-834.2726,372.86-3.16%
XLEEnergy Select Sector SPDR Fund-557.8310,514.36-5.31%
IEFiShares 7-10 Year Treasury Bond ETF-486.3217,916.50-2.71%
IVViShares Core S&P 500 ETF-320.47199,945.03-0.16%
SPLVInvesco S&P 500 Low Volatility ETF-273.8811,770.19-2.33%
XLUUtilities Select Sector SPDR Fund-239.1011,012.80-2.17%
SHViShares Short Treasury Bond ETF-221.0420,448.64-1.08%
GUNRFlexShares Morningstar Global Upstream Natural Resources Index Fund-220.375,493.61-4.01%
TLTiShares 20+ Year Treasury Bond ETF-152.5717,585.35-0.87%
XLKTechnology Select Sector SPDR Fund-152.2425,840.76-0.59%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity36,546.722,536,499.591.44%
International Equity9,078.41886,076.471.02%
U.S. Fixed Income4,722.17753,707.340.63%
International Fixed Income1,070.2889,744.101.19%
Commodities ETFs-29.2178,872.38-0.04%
Currency-7.031,354.24-0.52%
Leveraged88.3239,108.550.23%
Inverse104.0611,860.460.88%
Asset Allocation50.6810,654.430.48%
Alternatives75.374,559.301.65%
Total:51,699.764,412,436.871.17%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity155,522.382,536,499.596.13%
International Equity28,016.06886,076.473.16%
U.S. Fixed Income131,735.30753,707.3417.48%
International Fixed Income19,743.7389,744.1022.00%
Commodities ETFs7,580.4078,872.389.61%
Currency-443.121,354.24-32.72%
Leveraged-7,085.4439,108.55-18.12%
Inverse5,473.0211,860.4646.15%
Asset Allocation480.5010,654.434.51%
Alternatives1,153.134,559.3025.29%
Total:342,175.954,412,436.877.75%

 

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
FLBRFranklin FTSE Brazil ETF79,438529,128666.09%
BCMiPath Pure Beta Broad Commodity ETN4,99522,761455.71%
AWTMAware Ultra-Short Duration Enhanced Income ETF33,395174,467522.43%
SPGMSPDR Portfolio MSCI Global Stock Market ETF22,424100,770449.39%
CILVictoryShares International Volatility Wtd ETF5,67634,570609.08%
CXSEWisdomTree China ex-State-Owned Enterprises Fund15,59663,113404.67%
IGROiShares International Dividend Growth ETF13,73353,693390.99%
JPGEJPMorgan Diversified Return Global Equity ETF9,24532,947356.37%
BWZSPDR Bloomberg Barclays Short Term International Treasury Bond ETF58,812253,993431.88%
HAUZXtrackers International Real Estate ETF46,101117,284254.40%

 

Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
PSCEInvesco S&P SmallCap Energy ETF7.45%200,84127.80
FCGFirst Trust Natural Gas ETF7.35%1,979,96589.35
PXEInvesco Dynamic Energy Exploration & Production ETF6.29%109,87127.05
MLPYMorgan Stanley Cushing MLP High Income Index ETN6.26%11,11527.05
XOPSPDR S&P Oil & Gas Exploration & Production ETF6.20%119,780,0682,408.72
AMZAInfraCap MLP ETF6.07%3,108,514315.41
MLPGETRACS Alerian Natural Gas MLP ETN5.79%5,8564.59
EWSCInvesco S&P SmallCap 600 Equal Weight ETF5.51%9,13534.44
DWAQInvesco DWA NASDAQ Momentum ETF5.50%7,08050.31
PPLNJ.P. Morgan Cushing 30 MLP Index ETN5.34%2,9604.63

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
TANInvesco Solar ETF65.01%2.36%437.48
XSDSPDR S&P Semiconductor ETF63.08%1.76%516.83
SMHVanEck Vectors Semiconductor ETF62.84%1.04%1,586.29
SOXXiShares PHLX Semiconductor ETF61.04%1.36%2,319.42
FTXLFirst Trust Nasdaq Semiconductor ETF60.88%1.38%42.49
BBCVirtus LifeSci Biotech Clinical Trials ETF60.52%1.71%36.80
PBWInvesco WilderHill Clean Energy ETF56.87%3.55%210.11
PALLAberdeen Standard Physical Palladium Shares ETF53.06%-0.73%305.44
INRMarket Vectors-Indian Rupee/USD ETN51.99%0.00%0.49
SBIOALPS Medical Breakthroughs ETF51.66%-0.70%224.98

 

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.

Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a graduate of Dartmouth college and resides in the Denver area with her two dogs.