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Nearly $250B Inflows So Far In 2017

ETF.com Staff

So much for the summer doldrums. Prices for U.S. stocks and flows into U.S.-listed ETFs showed no signs of exhaustion, as both raced to records in June. In total, $45.5 billion of new money entered ETFs during the month, while the S&P 500 rallied to as high as 2,454.

With six months of the year in the books, investors have added a whopping $249.4 billion into ETFs in 2017, not far from the $287.5 billion they added to ETFs during the entirety of 2016.

Total assets under management for U.S.-listed ETFs now stand just under $3 trillion, the latest milestone for an industry that has been crushing record after record all year long. 

Int'l Equity ETFs The Big Winners

Fund flows into the various asset classes were distributed relatively evenly, but international equity ETFs were the clear investor favorite during June (and the second quarter as a whole). Inflows into that segment totaled $19.6 billion for the month, almost double the $10.6 billion that went into U.S. equity ETFs.

Meanwhile, U.S. fixed-income ETFs saw inflows of $10.6 billion, as investors shrugged off a Fed rate hike in June. The 10-year Treasury bond yield ended June at 2.27%, below where it started the year, at 2.45%.

The other ETF segments to see notable inflows during the month were international fixed income and commodities, with inflows of $2.6 billion and $1.2 billion, respectively.

iShares ETFs Crushing The Competition

In terms of individual ETFs, iShares products captured the bulk of new money in June―just as they have all year. To put it into context, BlackRock, the parent company of iShares, has seen $117.8 billion come into its ETFs, equal to almost half of all inflows this year.  

Investors appreciate iShares' expansive lineup of ETFs, which, in most cases, have low fees and ample liquidity. One example of that is the iShares Core S&P 500 ETF (IVV), which topped the June leader board with inflows of $2.8 billion.

IVV has a rock-bottom expense ratio of 0.04% and has been rewarded with strong inflows and the position as the second-largest ETF in the world.

Vanguard is another low-cost issuer that has been rewarded. Inflows into Vanguard ETFs totaled $77.4 billion during the first six months of the year. ETFs such as the Vanguard FTSE Developed Markets ETF (VEA), with inflows of $2.2 billion during June, have cemented Vanguard as the No. 2 ETF issuer behind only BlackRock.

Other ETFs to see strong investor demand during the month include the iShares Core U.S. Aggregate Bond ETF (AGG), the iShares Core MSCI EAFE ETF (IEFA) and the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD), each with inflows of around $2 billion.

The only ETF to make the top 10 that wasn't an iShares or Vanguard product was State Street's Consumer Staples Select Sector SPDR Fund (XLP), with inflows of $1.3 billion.

Big Outflows From QUAL & GDX

On the other side of the ledger, an eclectic mix of ETFs fell out of favor during June. The PowerShares QQQ Trust (QQQ) was the biggest loser in terms of dollar value, with outflows of $1.2 billion.

But it was the iShares Edge MSCI USA Quality Factor ETF (QUAL), with redemptions of $883 million, and  the VanEck Vectors Gold Miners ETF (GDX), with redemptions of $663 million, that really felt the pain relative to their size.

By that measure, the iShares Intermediate Government/Credit Bond ETF (GVI) and the iShares MBS ETF (MBB) were also hit hard, with redemptions of $560 million and $388 million, respectively.

For a full list of the top inflows and outflows for June and the year-to-date period, see the tables below:

 

Top Gainers ($, Millions)

Ticker Name Issuer June 2017 Net Flows ($,M) 2017 AUM ($,M) % of AUM YTD 2017 Net Flows($,M)
IVV iShares Core S&P 500 ETF BlackRock 2,764.85 115,280.91 2.40% 17,002.19
VEA Vanguard FTSE Developed Markets ETF Vanguard 2,229.69 55,655.36 4.01% 9,844.27
AGG iShares Core U.S. Aggregate Bond ETF BlackRock 2,225.34 47,488.52 4.69% 5,328.17
IEFA iShares Core MSCI EAFE ETF BlackRock 2,017.50 28,466.78 7.09% 10,098.84
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF BlackRock 1,957.55 36,035.50 5.43% 8,050.22
VGK Vanguard FTSE Europe ETF Vanguard 1,908.67 16,212.76 11.77% 3,879.72
EFA iShares MSCI EAFE ETF BlackRock 1,807.34 77,009.15 2.35% 9,481.25
IWM iShares Russell 2000 ETF BlackRock 1,640.81 37,768.86 4.34% -2,150.55
XLP Consumer Staples Select Sector SPDR Fund SSGA 1,325.99 9,869.65 13.44% 1,170.01
VOO Vanguard S&P 500 ETF Vanguard 1,304.43 70,028.14 1.86% 8,711.94

 

Top Gainers (Year-to-Date)

Ticker Name Issuer YTD 2017 Net Flows ($,M) 2017 AUM ($,M) % of AUM June 2017 Net Flows ($,M)
IVV iShares Core S&P 500 ETF BlackRock 17,002.19 115,280.91 14.75% 2,764.85
IEMG iShares Core MSCI Emerging Markets ETF BlackRock 10,982.50 32,570.47 33.72% 1,178.89
IEFA iShares Core MSCI EAFE ETF BlackRock 10,098.84 28,466.78 35.48% 2,017.50
VEA Vanguard FTSE Developed Markets ETF Vanguard 9,844.27 55,655.36 17.69% 2,229.69
EFA iShares MSCI EAFE ETF BlackRock 9,481.25 77,009.15 12.31% 1,807.34
VOO Vanguard S&P 500 ETF Vanguard 8,711.94 70,028.14 12.44% 1,304.43
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF BlackRock 8,050.22 36,035.50 22.34% 1,957.55
VWO Vanguard FTSE Emerging Markets ETF Vanguard 5,465.33 55,442.26 9.86% 792.48
AGG iShares Core U.S. Aggregate Bond ETF BlackRock 5,328.17 47,488.52 11.22% 2,225.34
VCIT Vanguard Intermediate-Term Corporate Bond ETF Vanguard 4,629.79 15,248.83 30.36% 938.16

 

Biggest Losers ($, Millions)

Ticker Name Issuer July 2017 Net Flows ($,M) 2017 AUM ($,M) % of AUM YTD 2017 Net Flows ($,M)
QQQ PowerShares QQQ Trust Invesco PowerShares -1,202.80 49,612.79 -2.42% 1,186.66
QUAL iShares Edge MSCI USA Quality Factor ETF BlackRock -882.65 3,640.04 -24.25% -74.94
IWD iShares Russell 1000 Value ETF BlackRock -758.23 36,712.82 -2.07% 472.96
GDX VanEck Vectors Gold Miners ETF VanEck -663.22 8,157.21 -8.13% -2,012.21
GVI iShares Intermediate Government/Credit Bond ETF BlackRock -560.17 1,883.40 -29.74% -345.46
XLI Industrial Select Sector SPDR Fund State Street Global Advisors -537.18 10,753.97 -5.00% -301.54
IWF iShares Russell 1000 Growth ETF BlackRock -531.18 35,308.86 -1.50% -1,291.12
XLK Technology Select Sector SPDR Fund State Street Global Advisors -477.54 16,373.81 -2.92% 228.46
HYG iShares iBoxx $ High Yield Corporate Bond ETF BlackRock -463.77 17,561.16 -2.64% -1,726.71
MBB iShares MBS ETF BlackRock -388.39 490.84 -79.13% -32.32

 

Biggest Losers (Year-to-Date)

Ticker Name Issuer Net Flows ($,mm) AUM ($M) % of AUM June 2017 Net Flows($,M)
SPY SPDR S&P 500 ETF Trust State Street Global Advisors -6,160.55 236,363.80 -2.61% 625.90
IWM iShares Russell 2000 ETF BlackRock -2,150.55 37,768.86 -5.69% 1,640.81
GDX VanEck Vectors Gold Miners ETF VanEck -2,012.21 8,157.21 -24.67% -663.22
HYG iShares iBoxx $ High Yield Corporate Bond ETF BlackRock -1,726.71 17,561.16 -9.83% -463.77
IWF iShares Russell 1000 Growth ETF BlackRock -1,291.12 35,308.86 -3.66% -531.18
FXN First Trust Energy AlphaDEX Fund First Trust -1,091.22 262.97 -414.96% -33.06
EWW iShares MSCI Mexico Capped ETF BlackRock -803.76 1,296.73 -61.98% 80.91
MDY SPDR S&P Midcap 400 ETF Trust State Street Global Advisors -758.36 19,007.27 -3.99% 296.83
JNK SPDR Bloomberg Barclays High Yield Bond ETF State Street Global Advisors -741.89 11,460.74 -6.47% -279.92
HEDJ WisdomTree Europe Hedged Equity Fund WisdomTree -641.13 9,358.38 -6.85% 23.37

 

Asset Classes (June 2017)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity  10,595.85   1,660,421.95  0.64%
International Equity  19,632.15   669,125.36  2.93%
U.S. Fixed Income  10,586.45   476,294.69  2.22%
International Fixed Income  2,602.35   52,213.88  4.98%
Commodities  1,190.25   63,387.73  1.88%
Currency  160.89   1,462.43  11.00%
Leveraged  676.84   27,846.66  2.43%
Inverse -237.71   16,666.64  -1.43%
Asset Allocation  143.63   7,189.43  2.00%
Alternatives  121.82   3,802.09  3.20%
Total: 45,472.52 2,978,410.86 1.53%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity  77,443.17   1,660,421.95  4.66%
International Equity  93,556.76   669,125.36  13.98%
U.S. Fixed Income  58,509.10   476,294.69  12.28%
International Fixed Income  10,935.09   52,213.88  20.94%
Commodities  1,743.71   63,387.73  2.75%
Currency  4.39   1,462.43  0.30%
Leveraged  2,437.76   27,846.66  8.75%
Inverse  910.04   16,666.64  5.46%
Asset Allocation  21.99   7,189.43  0.31%
Alternatives  569.75   3,802.09  14.99%
Total: 246,131.75 2,978,410.86 8.26%

 

June 2017 League Table

Issuer June 2017 Net Flows ($,M) 2017 AUM ($,M) % of AUM YTD 2017 Net Flows ($,M)
BlackRock 22,573.15 1,175,956.44 1.92% 117,788.14
Vanguard 12,799.04 734,303.29 1.74% 77,374.81
SSGA 6,388.22 539,865.49 1.18% 6,030.53
Invesco PowerShares -1,576.35 124,176.55 -1.27% 4,121.15
Charles Schwab 1,797.91 78,045.94 2.30% 13,591.77
First Trust 588.13 48,526.73 1.21% 4,528.44
WisdomTree 195.06 43,394.11 0.45% 573.12
Guggenheim 351.87 35,823.30 0.98% 2,463.94
VanEck -1,061.05 30,925.91 -3.43% 423.00
ProShares 506.79 27,922.65 1.81% 2,323.05
Deutsche Bank 193.61 14,737.97 1.31% 248.25
ALPS -43.73 14,046.85 -0.31% 1,599.92
Northern Trust -82.83 13,902.03 -0.60% 1,760.45
PIMCO 106.18 13,827.81 0.77% 1,200.55
Direxion -311.01 10,923.24 -2.85% 447.61
UBS -84.99 7,087.93 -1.20% 131.81
Fidelity 145.84 6,822.59 2.14% 1,265.47
Barclays Capital 40.64 6,308.24 0.64% 193.41
Global X 166.65 5,379.15 3.10% 1,366.54
JPMorgan 114.56 5,327.30 2.15% 405.84
US Commodity Funds 744.24 4,392.59 16.94% 575.58
Goldman Sachs 193.99 4,386.53 4.42% 1,274.00
Credit Suisse 78.00 3,970.97 1.96% 994.77
Exchange Traded Concepts 232.54 3,255.46 7.14% 806.21
IndexIQ 159.51 2,700.58 5.91% 213.61
ETF Securities 48.70 2,441.62 1.99% 94.90
OppenheimerFunds 31.99 2,156.53 1.48% 551.63
Victory Capital Management 69.42 1,574.94 4.41% 584.69
ETF Managers Group 99.15 1,441.88 6.88% 432.25
Columbia 59.12 1,193.78 4.95% 105.23
AdvisorShares 3.37 1,070.27 0.31% 12.15
Pacer Financial 38.27 1,025.07 3.73% 215.09
The Principal Financial Group 1.46 1,022.52 0.14% 25.04
Millington Securities Inc -5.27 993.41 -0.53% -81.96
Virtus 41.05 962.12 4.27% 344.58
CitiGroup 232.18 887.25 26.17% 618.20
John Hancock 25.09 835.40 3.00% 124.72
KraneShares 141.32 758.33 18.64% 409.38
Franklin ETF Trust -19.54 730.68 -2.67% 31.97
Highland Capital Management 66.63 559.16 11.92% 88.90
Cambria 23.91 545.60 4.38% 79.41
FQF Trust 34.92 534.79 6.53% 70.85
Northern Lights 118.74 374.81 31.68% 117.59
Swedish Export Credit -23.72 301.00 -7.88% -35.69
Legg Mason 28.84 245.62 11.74% 64.83
ARK 47.40 225.65 21.01% 132.32
Alpha Architect 13.66 218.39 6.25% 47.44
Hartford 10.84 214.93 5.04% 54.65
Janus Henderson 10.03 214.55 4.67% 77.46
Arrow Investment Advisors -1.08 167.01 -0.65% -0.80
Elkhorn 0.96 163.29 0.59% 26.09
Davis 25.58 161.72 15.82% 0.00
Teucrium -4.18 158.97 -2.63% 2.56
Nuveen 11.59 157.09 7.38% 16.62
Merk 0.04 127.15 0.03% 5.48
US Global Investors 38.55 116.87 32.99% 40.59
Horizons 7.12 110.23 6.46% 26.50
Montage Managers 2.29 76.69 2.99% 21.62
Amplify 18.19 75.99 23.94% 57.79
Reality Shares 1.42 69.76 2.04% 22.37
OSI ETF Trust 5.16 50.19 10.28% 0.00
BMO 0.00 48.39 0.00% 0.00
Academy Funds 2.77 43.38 6.39% 2.87
Aptus Capital Advisors 0.00 31.45 0.00% 3.92
Morgan Stanley 0.00 31.19 0.00% -16.14
Strategy Shares 6.65 30.44 21.85% 13.10
TrimTabs Asset Management 9.91 28.25 35.07% 18.71
ACSI Funds 7.17 27.25 26.31% 12.71
AlphaMark Advisors 0.00 26.57 0.00% 0.00
ClearShares 23.63 26.10 90.53% 0.00
Validea Capital Management 0.00 24.12 0.00% 1.36
Janus 2.71 21.77 12.45% 7.98
Diamond Hill -1.43 18.49 -7.74% -0.10
Renaissance Capital 0.00 15.86 0.00% -1.16
Natixis 0.00 15.55 0.00% 0.00
Premise Capital 1.39 11.11 12.51% 5.36
LocalShares 0.00 8.72 0.00% 0.00
CSOP -0.75 8.38 -8.95% -1.42
StrongVest 1.27 6.29 20.19% 0.00
USCF Advisers 0.00 4.99 0.00% -0.83
GraniteShares 0.02 4.81 0.42% 0.00
SerenityShares 0.01 2.57 0.39% 0.00
AlphaClone 0.00 2.28 0.00% -0.99

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.

 

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