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S&P 500 ETF Is Seeing Record Post-Trump Inflows

Tuesday, November 15, 2016 10:25
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Fund flows data in recent sessions implies that more than $14 billion has entered the SPDR S&P 500 ETF Trust (NYSE:SPY), which is just a jaw dropping amount.

Typically if we see a $5 billion inflow or outflow into any ETF, SPY included, we sound the alarms because of the size of the trade(s). But then again, since this U.S. Presidential election cycle from beginning to end has been nothing but normal nor expected, why should these fund flows surprise us?

In other flows, XLF (SPDR Financial) has reversed the year-to-date outflows that we have mentioned in this column several times, and has pulled in over $3.8 billion in new assets, likely amid the heavy upside call buying in the product and huge outperformance since Trump’s victory.

Meanwhile, IWM (Russell 2000) has also starred with more than $3.8 billion entering that fund via creation activity, and it is safe to say that fund flows are extremely active here before Thanksgiving as portfolio managers have not been shy about making large notional dollar trades in asset allocation tilts. XLV (Health Care) and IBB (Biotechnology) have caught bids lately as well, which is something that we alluded to last week via some of the early action there that we noted.

Elsewhere, we spoke about a lift in Natural Gas prices yesterday and that momentum has carried into today (UNG, UGAZ) and Crude Oil (USO) is also strong, rallying in the neighborhood of 3-4% this morning.

Disclaimer: The content of this article is excerpted from a daily newsletter from Street One Financial. While ETF Daily News may edit the contents and add a relevant title to the piece, the author, Paul Weisbruch, does not endorse or recommend any issuer or security mentioned herein.

About the Author: Paul Weisbruch
paul-weisbruchPaul Weisbruch is the VP of ETF/Options Sales and Trading at Street One Financial. Prior to joining the team at Street One, Paul served as the Director of RIA and Institutional ETF Sales at RevenueShares ETFs from December 2007 until November of 2009. Before RevenueShares, Paul was employed by Susquehanna International Group from 2000 until 2007 serving in roles including OTC/NYSE Institutional Block Trading, Nasdaq/OTC Market Making, ETF/Derivatives Intelligence and Strategy, Algorithmic Trading, as well as acting as the PHLX Floor Specialist in the ETFs, SPY and DIA.Paul has been actively involved in the ETF space from both a product and trading standpoint since 2000. Additionally, Paul has well forged relationships with national RIAs, institutional pension fund managers and consultants, mutual fund and hedge fund managers, and also the ETF media. Co-authoring the “S1F ETF Daily” since 2009, the daily piece has become a must for many portfolio managers in the ETF space, with segments regularly appearing in the likes of Barron’s, WSJ, and for instance.

He holds his Series 4 (Registered Options Principal), 6, 7, 55 (Equity Trader), 63, and 65 licenses. He graduated from the University of Pittsburgh (B.S. – Economics), graduating magna cum laude, and has an MBA from Villanova University.

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