ETF Weekly – Feb 18, 2018

Performance

The SPDR S&P Metals & Mining ETF (XME) outperformed all other non-leveraged ETF for the week ending February 16, 2018, finishing up about 11.1%, helped by the proposal of import tariff on metals by the US Department of Commerce. The next best performer during this rebound week was the Guggenheim Solar ETF (TAN), with a 10.8% gain.
And underperforming other ETFs is the PowerShares India Portfolio (PIN), trading flat this week.
Source: ETF Channel

Launches

Closures

None this week.

Filings

None this week.

Fund Flows

  • This week continued to trend from previous week with -$6.1B outflows from US-listed ETFs this week, led by US Equity funds again, with -$6.7B outflows.  US Fixed Income also saw outflows of -$3.0B, while international equities gained $3.9B of inflows.  Leveraged ETFs continued to gain assets in this still volatile week with $702M of inflows, while the inverse ETFs lost -$633M.
  • The largest ETF in the world, SPDR S&P 500 ETF Trust (SPY) lost -$4.8B.
  • Notable inflows include Vanguard Growth ETF (VUG) with $882M gain, Vanguard S&P 500 ETF (VOO), with $852M of inflows, taking share from SPY; iShares Core MSCI EAFE ETF (IEFA), with $810M. The next two showed continued appetite for hedging:  SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (BIL), with $727M inflows, and VanEck Vectors Gold Miners ETF (GDX), with $610M.
  • The PowerShares QQQ Trust (QQQ) led all other ETFs in outflows this week, -$1.6B.  It was followed by bond funds SPDR Bloomberg Barclays High Yield Bond ETF (JNK), -$1.6B, iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD), with -$1.5B, and Shares JP Morgan USD Emerging Markets Bond ETF (EMB), down -$874M.  The iShares Russell 2000 ETF (IWM) also made top 5 outflows, with -$997M.

Source: ETF.com

Comments are closed.