ETF Data: Outflows on Market Weakness

ETF Trends

After another Eurozone and global slowdown scare last week, equities markets and stock exchange traded funds experienced outflows as investors turned to less risky assets.

In the week ended April 13, the markets recorded their third negative week in the last four weeks, according to a Deutsche Bank research note. The S&P 500 contracted 2.0%, the MSCI EAFE fell 1.2% and the MSCI EM dropped 0.9%.

Meanwhile, the 10-year Treasury yield diminished 17 basis points as Treasury prices increased on the safe-haven demand.

U.S. exchange traded products experienced $6.3 billion in outflows over the week, compared to $1.2 billion in inflows over the previous week. Nevertheless, equity ETP inflows have averaged $3.1 billion year-to-date, with a $47.0 billion total in inflows so far this year.

U.S. large-caps saw the largest outflows at $5.8 billion, followed by regional emerging market ETPs at $600 million. U.S. sector funds, though, added $600 million.

Fixed-income ETPs added $900 million, compared to a positive $400 million the previous week. Sovereign products recorded the highest inflows at $600 million, followed by sub-Sovereign products at $100 million.

Commodity ETPs lost $300 million last week after remaining  unchanged in the week before. Oil funds experienced the greatest outflows at $100 million.

The ETFs with the highest inflows for the week ended April 13 include SPDR Energy Select Sector Fund ETF (NYSEArca: XLE - News) at $400 million, iShares Barclays 20+ Year Treasury Bond Fund ETF (NYSEArca: TLT - News) at $300 million and SPDR Barclays Capital Short Term Corporate Bond ETF (NYSEArca: SCPB - News) at $200 million

Meanwhile, the funds with the largest outflows include SPDR S&P 500 ETF (NYSEArca: SPY - News) at $3.9 billion, Powershares QQQ Trust ETF (NYSEArca: QQQ - News) at $1 billion and iShares MSCI Emerging Index Fund ETF (NYSEArca: EEM - News) at $600 million.

For more information on ETF fund flows, visit our ETF performance reports category.

Max Chen contributed to this article.

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