On The Fly: ETF fund flow highlights

Flows for the week were heavily skewed to the creations side per data from ETF.com. At a factor of over 6 to 1 in the top 20 funds, inflows have not been this skewed in a very long time. Nor has the creations dollar volume been so high, at over $19.5B for the week. By far the largest inflow was to S&P 500 funds, with the iShares Core S&P 500 ETF (IVV) and the Vanguard S&P 500 ETF (VOO) making up over 34% of inflows. But there was an especially interesting category seeing activity, which is likely end-of-quarter related, and that was to Dividend-bearing ETFs. In total that group of funds comprised over 29.7% of inflows. Funds in that group included the iShares Select Dividend ETF (DVY), the Vanguard Dividend Appreciation ETF (VIG), Schwab U.S. Dividend Equity ETF (SCHD) and the Vanguard High Dividend Yield ETF (VYM). Outflows were small at just over -$3.1B. The two top funds showed the only real skew and those redemptions were in Energy (XLE) and the iShares MSCI Japan ETF (EWJ). Those two funds alone made up over 40% of outflows.