| 2019-12-06 12:58:25|
SPY, VOO… 12:58 12/06 12/06/19
On The Fly: ETF fund flow highlights
For the week flows to the top twenty ETFs were skewed strongly to the creations side for the first time in months. The skew was 2.9 to 1 for inflows over outflows, per data from ETF.com. On the creations side, the dominant inflow by a wide margin was into the SPDR S&P 500 ETF (SPY) at over 64% of the $9.4B of creations. There was a very sharp drop thereafter in terms of inflows which were quite low even in absolute terms. The total inflows to S&P 500 funds was over 74% when the Vanguard S&P 500 ETF (VOO) and Consumer Discretionary (XLY) were summed with SPY inflows. On the redemptions side, the largest single outflow was from the Industrials (XLI) at over 20%. Bonds and gold otherwise dominated outflows albeit at small scale with the iShares 7-10 Year Treasury Bond ETF (IEF) and SPDR Gold Trust (GLD) summing to over 29% of redemptions. Remaining outflows were small and largely without theme.
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