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ETFs See Sept. Tsunami Of New Assets
Sumit Roy
Updated

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Fresh record highs in the U.S. stock market helped ETFs gather their second-largest monthly inflow of the year in September. On net, $36.7 billion of new money entered U.S.-listed ETFs during the month, the biggest amount since January’s $68.1 billion haul, according to the latest data from FactSet.

Year-to-date inflows now stand at $208.8 billion.

As has been the case recently, U.S. equity ETFs took in the bulk of investors’ dollars during September. That segment had net inflows of $28.6 billion, dwarfing the $338 million that went into international equity ETFs.

The S&P 500 reached a record 2,941 during the month thanks to an accelerating U.S. economy, strong corporate profits and a trade agreement between the U.S., Mexico and Canada.

The SPDR S&P 500 ETF Trust (SPY), the Vanguard S&P 500 ETF (VOO), and the iShares Russell 2000 ETF (IWM) were among the biggest flows winners during the month.

More targeted U.S. equity ETFs to pull in money were the Communication Services Select Sector SPDR Fund (XLC), the Health Care Select Sector SPDR Fund (XLV) and the First Trust NYSE Arca Biotechnology Index Fund (FBT).

Fixed Income Popular Despite Rising Rates

After U.S. equities, the segment to see the largest inflows was U.S. fixed-income ETFs. They pulled in $5.4 billion during the month even as the Federal Reserve hiked rates again, and yields on 10- and 30-year Treasuries leapt close to their highest levels of the year.

The iShares 20+ Year Treasury Bond ETF (TLT) took in $2.4 billion, despite tumbling more than 3% during the period.

International fixed-income ETFs attracted inflows to the tune of $1.7 billion, led by the iShares JP Morgan USD Emerging Markets Bond ETF (EMB).

But not all fixed-income ETFs were as popular as TLT and EMB. The iShares iBoxx USD High Yield Corporate Bond ETF (HYG), the iShares Short Treasury Bond ETF (SHV) and the iShares U.S. Preferred Stock ETF (PFF) found themselves on the top outflows list as rising rates weighed on the funds.

At the same time, the iShares MSCI EAFE ETF (EFA), the iShares MSCI Japan ETF (EWJ) and the iShares Russell 1000 Growth ETF (IWF) were a few equity ETFs to also fall out of favor.

For a full list of the top inflows and outflows for September, see the tables below:

 

Top Gainers (September 2018)

Ticker

Name

Issuer

Net Flows ($,mm)

AUM ($M)

% of AUM

YTD 2018 Net Flows($,M)

SPY

SPDR S&P 500 ETF Trust

State Street Global Advisors

5,111.34

280,328.18

1.86%

-18,218.45

VOO

Vanguard S&P 500 ETF

Vanguard

4,420.26

104,424.64

4.42%

12,782.63

TLT

iShares 20+ Year Treasury Bond ETF

BlackRock

2,443.35

9,764.75

33.37%

3,191.40

IWM

iShares Russell 2000 ETF

BlackRock

2,402.11

49,657.37

5.08%

2,305.35

XLC

Communication Services Select Sector SPDR Fund

State Street Global Advisors

1,477.20

1,993.19

286.29%

1,956.98

VTI

Vanguard Total Stock Market ETF

Vanguard

1,147.39

107,039.70

1.08%

5,971.97

XLV

Health Care Select Sector SPDR Fund

State Street Global Advisors

827.92

19,542.62

4.42%

650.94

VEA

Vanguard FTSE Developed Markets ETF

Vanguard

822.51

71,728.00

1.16%

5,493.65

FBT

First Trust NYSE Arca Biotechnology Index Fund

First Trust

782.76

3,133.21

33.30%

1,521.36

EMB

iShares JP Morgan USD Emerging Markets Bond ETF

BlackRock

751.17

14,539.51

5.45%

3,185.85

 

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