On The Fly: ETF fund flow highlights

For the holiday shortened week redemptions beat creations by a little more than 1.05 to 1 per data from ETF.com. On the redemptions side S&P 500 funds constituted the bulk of outflows. The two single largest outflows were from the SPDR S&P 500 ETF (SPY) and the iShares Core S&P 500 ETF (IVV). Together they constituted over 45% of outflows. Two S&P 500 sector funds also saw notable outflows, the Utilities (XLU) and Materials (XLB) at over 11.8% of redemptions. Remaining outflows were much smaller in scale and without much of a theme although two Japanese funds the JPMorgan BetaBuilders Japan ETF (BBJP) and iShares MSCI Japan ETF (EWJ) showed up on the list for the first time in a very long while. On the creations side S&P 500 funds also dominated inflows at over 28.7%. Just two funds made up that total; the Invesco S&P 500 Low Volatility ETF (SPLV) and the SPDR Portfolio S&P 500 ETF (SPLG). The Invesco QQQ Trust (QQQ) and SPDR Gold Trust (GLD) also saw notable inflows as did the iShares NASDAQ Biotechnology ETF (IBB).