On The Fly: ETF fund flow highlights

For the week flows into ETFs were moderate to heavy, with creations besting redemptions by a factor of more than 2 to 1 per data from ETF.com. On the creations side there were two dominant areas of interest among the top ten names; S&P 500 funds and bond funds. The SPDR S&P 500 (SPY) was the single largest inflow, with the Utilities (XLU) and Vanguard S&P 500 ETF (VOO) summing to over 36% of inflows. Bond funds in the form of the iShares Core U.S. Aggregate Bond ETF (AGG), the SPDR Portfolio Mortgage Backed Bond ETF (SPMB), and the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) in aggregate accounting for more than 27% of inflows. The Invesco QQQ Trust (QQQ) was over 12% of creations. On the redemptions side, the single largest outflow was from the Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) at over 24% of dollar volume among the top ten ETFs. S&P 500 funds in the form of the Financials (XLF), Technology (XLK), and Consumer Discretionary (XLY) summed to over 31% of redemptions. The iShares NASDAQ Biotechnology ETF (IBB) also saw a sizeable outflow.