The ETF industry moves fast. Each week, we run the numbers on the ETF industry, and tally up the winners and losers in terms of fund flows and total assets.
This week, ETFs brought in $14.6 billion in new net assets. State Street Global Advisors accounted for the lion’s share of that money, bringing in over $6.5 billion in new net cash. Most of that was concentrated into flows into two ETFs, the SPDR S&P 500 ETF Trust (SPY ), which took in $5.9 billion; and the SPDR Bloomberg 1-3 Month T-Bill ETF (BIL ), which took in $2.5 billion. The Energy Select Sector SPDR Fund (XLE ) also saw inflows of $867 million.
Listen: ETF of the Week: SPDR Bloomberg 1-3 Month T-Bill ETF
Vanguard also saw significant inflows ($4.1 billion), concentrating in its broad stock funds. The Vanguard S&P 500 ETF took in $1.5 billion, while the Vanguard Total Stock Market ETF took in $1.4 billion. Growth (VONG ) and mid-caps (VO ) also did well, bringing in $545 million and $488 million, respectively.
Rounding out the top three flows-getters was BlackRock, which brought in $1.9 billion in new net cash. The iShares MSCI EAFE Min Vol Factor ETF (EFAV ) saw an influx of $1.4 billion, while the iShares 1-3 Year Treasury Bond ETF (SHY ) saw a net inflow of $1.3 billion. Outflows of $1.2 billion in investment-grade corporates (LQD ) helped to reduced BlackRock’s overall net inflow, however.
The firm that saw the most outflows last week was ProShares, which saw outflows of $1.4 billion, almost all of which could be accounted by outflows from the ProShares UltraPro Short QQQ ETF (SQQQ ).
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