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ETF Asset Flows' Wild Ride


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Cinthia Murphy, Managing Editor for ETF.com

A net of $45 billion flowed into U.S.-listed ETFs in the past week—a weekly record—proving that ETF asset movements can be just as volatile as the market itself.

The bulk of the new inflows was seen in U.S. equity funds, and of particular note were massive creations in three large U.S. dividend ETFs: the iShares Select Dividend ETF (DVY), the Schwab U.S. Dividend Equity ETF (SCHD) and the Vanguard Dividend Appreciation ETF (VIG). Collectively, these three ETFs attracted more than $7.7 billion in net new assets in just five days.

Top 10 Creations (All ETFs)

Ticker

Name

Net Flows ($,mm)

AUM ($, mm)

AUM % Change

SPY

SPDR S&P 500 ETF Trust

10,771.66

277,067.73

4.04%

DVY

iShares Select Dividend ETF

3,547.48

20,589.74

20.82%

QQQ

PowerShares QQQ Trust

2,708.43

67,565.38

4.18%

IEFA

iShares Core MSCI EAFE ETF

2,519.34

56,388.45

4.68%

SCHD

Schwab U.S. Dividend Equity ETF

2,332.75

9,744.39

31.47%

VIG

Vanguard Dividend Appreciation ETF

1,900.77

29,618.69

6.86%

IWM

iShares Russell 2000 ETF

1,639.63

43,128.80

3.95%

XLK

Technology Select Sector SPDR Fund

1,160.64

22,232.95

5.51%

IEMG

iShares Core MSCI Emerging Markets ETF

1,040.76

50,772.60

2.09%

IJR

iShares Core S&P Small Cap ETF

ETF Weekly Flows By Asset Class

Net Flows ($, mm)

AUM ($, mm)

% of AUM

U.S. Equity

39,325.41

2,011,257.59

1.96%

International Equity

3,786.42

856,615.96

0.44%

U.S. Fixed Income

1,039.03

520,629.54

0.20%

International Fixed Income

373.35

63,046.77

0.59%

Commodities 

154.17

69,487.97

0.22%

Currency

-5.18

1,350.21

-0.38%

Leveraged

-255.24

36,943.90

-0.69%

Inverse

123.45

13,574.73

0.91%

Asset Allocation

105.77

9,080.52

1.16%

Alternatives

45.64

4,321.75

1.06%

Total:

44,692.81

3,586,308.94

1.25%

In all, the U.S. ETF market is nearing the end of the first quarter with net asset inflows of almost $100 billion so far in 2018, a strong start to the year despite February’s net outflows.

Gold Steady As It Goes

Volatility may have been a common theme across equity, bonds and even ETF asset flows this year, but the gold market has barely moved despite all the action. Gold price volatility, as measured by the Cboe Gold ETF VIX Index, is historically low.

Perhaps in all the market turmoil this year, gold has been delivering what it’s known to offer: a safe haven, even as it continues to inch higher. Gold prices are rising for their third-consecutive year.

Investors who own funds like the SPDR Gold Trust (GLD), among other gold ETFs, will continue to eye the market, which analysts say should remain supported by seasonal trends.

Cboe Gold ETF VIX Index

Source: Bloomberg

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , ETFs , Economy
Referenced Symbols: DVY , SCHD , VIG


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