Fund flow analysis: Global ETFs

Fund flow statistics are extremely helpful in understanding investor sentiment towards different sections of financial markets. Here we are tracking largest inflows and outflows from funds not the outflows from the sectors. Latest fund-flow statistics available, for the week ending 30th June, from ETF.com

Inflows –

• Looking at the week’s fund flow, it’s a mix of both risk affinity as well as risk aversion. It is more of equity aversion.
   
• SPDR Gold Trust saw biggest inflows in the tune of $1.41 billion, which can be seen as a sign of risk aversion.
   
• iShares iBoxx $ High Yield Corporate Bond ETF received inflows of $1.18 billion. This in contrast to the above is a sign of risk affinity.
   
• Vanguard S&P 500 index fund received $695.2 million, showing a relatively small preference for equities.
   
• VelocityShares Daily Inverse VIX Short-Term ETN saw inflows of $397.3 million, which is a sign of risk affinity.
   
• iShares Edge MSCI Min Vol USA ETF received inflows of $372.6 million and it’s a sign of greater risk preference.

Outflows –

• Outflows show aversion towards equity ETFs largely.
   
• SPDR S&P 500 ETF Trust saw very large outflows of $6.32 billion. PowerShares QQQ Trust saw outflows of $1.3 billion. Financial Select Sector SPDR fund suffered outflows of $1.08 billion. iShares Russell 1000 value ETF saw outflows in the tune of $967 million.