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ETF Inflows Gained Traction Last Week

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May. 7 2018, Published 12:14 p.m. ET

ETF inflows gained traction

According to FactSet, investors added $3.5 billion to US-listed ETFs last week. Now, the year-to-date inflows are $90.4 billion. US equity (JPM) (GS) (BAC) added the highest inflows of $1.9 billion, while international equity saw outflows of $229.7 million. US fixed-income ETFs continued to be popular among investors with inflows of $1.7 billion, while international fixed-income saw moderate inflows of $146.9 million.

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SPY was the top gainer

The SPDR S&P 500 ETF Trust (SPY) topped the chart with additions of $2.2 billion. The Utilities Select Sector SPDR Fund (XLU) and the Vanguard FTSE Developed Markets ETF (VEA) were the other major gainers in the equity ETF space.

Bond ETFs continued to be popular with investors. The iShares iBoxx USD High Yield Corporate Bond ETF (HYG) was the second-highest gainer last week with inflows of $744 million. The SPDR Bloomberg Barclays High Yield Bond ETF (JNK) and the iShares 1-3 Year Treasury Bond ETF (SHY) had net creations of $323 million and $274 million, respectively.

On the outflows side, the iShares MSCI Emerging Markets ETF (EEM) topped the list with net redemptions $870 million followed by the iShares Core S&P 500 ETF (IVV) and the Financial Select Sector SPDR Fund (XLF).

Upcoming events

The Bank of England will announce its interest rate decision. The Bank of England will also decide on the future of the quantitative easing program. The Bank of Japan will reveal its monetary policy meeting minutes. The US and China will report their inflation rate for April. China will reveal its balance of trade data for April. The United Kingdom will report the balance of trade data for March.

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