On The Fly: ETF fund flow highlights

For the week dollar volume dropped significantly which is often the case in earnings season as attention turns to names. Creations bested inflows by a factor of over 1.675 to 1 per data from ETF.com. S&P 500 ETFs dominated inflows at over 37.6%. Those ETFs included the SPDR S&P 500 ETF Trust (SPY) which was also the largest single inflow, the Technology Select Sector SPDR Fund (XLK), Financial Select Sector SPDR Fund (XLF), and Energy Select Sector SPDR Fund (XLE). The second largest single ETF inflow was to the Invesco QQQ Trust (QQQ) at over 20% of creations. The iShares 20+ Year Treasury Bond ETF (TLT) saw inflows of over 7%. On the redemptions side there was a nearly-even split between S&P 500 names and bonds. S&P 500 ETFs were over 38% of redemptions and included the Communication Services Select Sector SPDR Fund (XLC), iShares Core S&P 500 ETF (IVV), and the Materials Select Sector SPDR Fund (XLB). Bond funds summed to 37% of outflows and included the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), SPDR Bloomberg Barclays High Yield Bond ETF (JNK), and iShares JP Morgan USD Emerging Markets Bond ETF (EMB).