ETF Weekly – Mar 25, 2018


The Junior Gold Miners ETF (GDXJ) outperformed all other non-leveraged ETF for the week ending March 23, 2018, finishing up about 5.3%. The next best performer this week, the worst for equities in over two years, was another gold fund, the Gold Miners ETF (GDX), with 4.1% gain.
And underperforming this week was the SPDR S&P Metals & Mining ETF (XME), trading down -6.8% this week. The Social Media Index ETF (SOCL) also fell about -6.5% this week, on Facebook user data scandal.
Source: ETF Channel





Fund Flows

  • In yet another reversal, US listed ETFs saw a net outflow of -$24.1B. The wild swings in flows were likely due to rebalancing, as fund managers orchestrated large inflows and outflows to wash out low-basis stock positions and potential capital gains. US Equity funds led the way again with $-$27.7B of weekly outflows. US Fixed Income had modest net inflows of $1.6B, and International Equity ETFs picked up $493M.
  • The SPDR S&P 500 ETF Trust (SPY) lost about $-2.4B
  • Large individual inflows this week include the Shares Russell 2000 ETF (IWM), with $1.4B, followed by iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD), with $779M, and SPDR Gold Trust (GLD), with $522M, in flight to safety.
  • The iShares Core S&P 500 ETF (IVV) led all ETFs in outflows this week, with -$6.6B, followed by the iShares Select Dividend ETF (DVY), with-$3.6B, and Schwab U.S. Dividend Equity ETF (SCHD), with -$2.3B.


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