ETF Flow | SPY and IWM Saw Huge Weekly Outflow

Market Overview

U.S. stocks ended in the red on Friday, falling to two-month lows as a warning of an impending global slowdown from FedEx hastened investors' flight to safety at the conclusion of a tumultuous week. All three major U.S. stock indexes slid to levels not touched since mid-July.

The benchmark S&P 500 shed 4.7% in the week ended Sept. 16, the Dow Jones Industrial Average fell 4.1%, and the tech-heavy Nasdaq Composite tumbled 5.5%.

Top 10 ETF Inflow

Source: Bloomberg

The mid-cap(VO) and small-cap(VB) core ETFs saw large inflows of $2,009.56 million and $1,567.67 million respectively, reflecting that investors are more willing to start bottom-hunting in mid-cap and small-cap stocks.

Moreover, growth(VUG) and value(VTV) ETFs also saw large inflows of $983.02 million and $934.15 million respectively, reflecting an increase of investor enthusiasm for value and growth stocks.

Top 10 ETF Outflow

Source: Bloomberg

SPDR S&P 500 ETF Trust ranks first among Top 10 ETF outflow. The S&P 500 closed below 3,900 last Friday, a closely watched support level. However, aother S&P related ETFs, Vanguard S&P 500 ETF, saw an great amount of inflow. There were $2,053.79 million VOO Inflowed last week. iShares Core S&P 500 ETF saw an total amount of $178.23 million outflow last week.

As to small-cap ETFs, a total amount of 443.11 million of Shares Russell 2000 ETF outflowed last week. However, Vanguard Small-Cap ETF saw a $1,567.67 million inflow last week.

Regarding sector ETFs, Financial Select Sector SPDR Fund, Communication Services Select Sector SPDR Fund and iShares Expanded Tech-Software Sector ETF saw a great amount of outflow last week. However, Industrial Select Sector SPDR Fund saw $679.89 million inflow last week.