May 29, 2017

ETF Weekly Flow Report w/e 5/26

U.S. Equities overtake International Equities for the first time in three weeks.  U.S. Equity ETFs post +$9.3B inflows and International or non-US posts +$3.6B inflows.  Note SPY (SPX) was responsible for the 65% of the U.S. inflows (+$6.0B).  Other broad U.S. ETFs that saw inflows were QQQ (NDX) +$1.8B and IWM (RTY) +$571M.

In sectors, Industrials led inflows +$336M, with XLI (Industrials), IYT (Transports), and ITA (Aerospace & Defense) posting inflows.  Financials (XLF) and Healthcare (XLV, XBI, & IBB) also saw inflows.   On the outflow side, Gold Miners saw huge outflows.  GDX posted -$628M, GDXJ -$132M, and NUGT -$99M all saw sizable outflows.  Note the GDX outflow on Wednesday was the largest the ETF had ever seen.  GLD (Gold) also lost -$133M assets last week.  Consumer Staples (XLP) and REITs (IYR) also saw outflows.  See below table for details.

International Equities posted +$3.6B inflows last week (+$5.4B previous week).  Developed Markets posted +$1.6B with EFA (EAFE) tacking on another +$911M assets last week.  Note the EFA ETF has now seen +$5.6B inflows over the last three weeks.  IEFA (Core EAFE) also saw +$579M inflows last week.  Europe posted another +$906M inflows last week (+$1.4B previous week).  VGK led the European ETF inflows with +$589M.  Emerging Market ETFs also posted strong inflows +$822M with IEMG, EMB, BICK, and VWO all seeing inflows.   Brazil (EWZ) inflows netted off with Latin American (FLN, ILF) outflows.

Fixed Income (FI) ETFs posted +$2.9B of inflows last week.  LQD (Investment Grade Bonds) posted the largest inflow of any FI ETF for the 2nd week in a row, +$563M last week. HYG (High Yield Bonds) were next, posting +$266M inflows.  Other FI ETFs posting inflows (in order of inflows) were AGG, VCSH, EMB, BND, VCIT, MINT, and IEI.




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About Christian Fromhertz
Christian Fromhertz is the founder & CEO of The Tribeca Trade Group.

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