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May ETF Flows: A Time For Bond Funds

May ETF Flows: A Time For Bond Funds

Related ETFs: EEM | VWO | QQQ | BND | HYG | JNK | IEF | SHY
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ETF investors poured money into fixed income last month, partly offsetting the effects of the 6.2 percent drop in U.S. stocks that was fueled by renewed concern Europe's problems risked polluting the entire global economy. Overall, flows into U.S.-listed ETF assets were $4.11 billion, but after the market's losses, assets fell about 5 percent to $1.137 trillion.

Seven of last month's most-popular ETFs were focused on fixed income, with total flows into U.S. and international bond funds totaling $7.46 billion and $834.3 million, respectively.

Investors are clearly worried that problems in debt-gorged Greece, Spain and Italy might bring down not only the eurozone as we know it, but also any glimmers of hope that the rest of the global economy might somehow dodge the bullet.

The Vanguard Total Bond Market ETF Fund (NYSEArca: BND) was last month's most popular ETF, pulling in $1.23 billion, and lifting its total assets to more than $17 billion. But Treasury ETFs were a big attraction too, which no doubt helped push yields on 10-year debt down to record lows of around 1.50 percent.

For example, the iShares Barclays 1-3 Year Treasury Bond Fund (NYSEArca: SHY) and the iShares Barclays 7-10 Year Treasury Bond Fund (NYSEArca: IEF) gathered $1.15 billion and $607.5 million, respectively, according to data compiled by IndexUniverse.

The success of Vanguard funds such as BND helped make the Valley Forge, Pa.-based company the most successful firm in terms of asset-gathering last month. Vanguard, the No. 3 U.S. ETF firm by assets, added almost $6.7 billion in assets.

Meanwhile, the Nos. 1 and 2 firms, San Francisco-based BlackRock unit iShares and Boston-based State Street Global Advisors, suffered outflows of $683.5 million and $1.78 billion, respectively.

 

May 2012 Top Gainers ($, Millions)
Ticker Name Issuer May 2012 Flows May 2012
AUM ($, M)
May 2012
Turnover
BND Vanguard Total Bond Market Vanguard 1,226.27 17,055.22 2,395.59
SHY iShares Barclays 1-3 Year Treasury Bond BlackRock 1,148.11 11,485.66 3,252.93
VB Vanguard Small-Cap Vanguard 959.67 4,986.59 609.32
IEI iShares Barclays 3-7 Year Treasury Bond BlackRock 759.01 3,118.09 1,340.20
VOO Vanguard S&P 500 Vanguard 644.39 4,410.59 1,324.90
TIP iShares Barclays TIPS Bond BlackRock 637.52 23,676.84 2,313.14
LQD iShares iBoxx $ Investment Grade Corporate Bond BlackRock 613.99 21,188.57 5,110.08
IEF iShares Barclays 7-10 Year Treasury Bond BlackRock 607.50 5,304.06 1,858.50
VO Vanguard Mid-Cap Vanguard 594.31 4,047.69 387.04
TLT iShares Barclays 20+ Year Treasury Bond BlackRock 586.78 3,786.52 24,815.54

 

Flows By Asset Class And Total Flows Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 1,288.87 517,954.13 0.25%
International Equity - 3,387.88 251,902.42 -1.34%
U.S. Fixed Income 7,458.09 206,539.36 3.61%
International Fixed Income 834.31 16,288.73 5.12%
Commodities - 1,634.14 102,796.08 -1.59%
Currency - 63.44 3,089.37 -2.05%
Leveraged 1,127.44 12,362.63 9.12%
Inverse - 1,134.78 19,683.01 -5.77%
Asset Allocation 71.68 1,849.39 3.88%
Alternatives - 445.21 4,264.52 -10.44%
Total: 4,114.95 1,136,729.65 0.36%

 

May 2012 League Table
Issuer Net Flows AUM ($M) % of AUM Turnover
BlackRock - 683.54 468,551.07 -0.15% 378,775.94
SSgA - 1,782.90 277,953.78 -0.64% 774,197.48
Vanguard 6,695.81 200,608.65 3.34% 47,152.69
Invesco PowerShares - 1,263.79 63,039.58 -2.00% 94,658.28
Van Eck 600.21 23,449.75 2.56% 33,827.48
ProShares 103.26 22,259.27 0.46% 79,694.50
Guggenheim - 66.45 8,768.01 -0.76% 2,022.76
First Trust - 32.36 7,358.38 -0.44% 2,087.98
Barclays - 787.12 6,786.01 -11.60% 25,956.05
Charles Schwab 74.29 6,416.94 1.16% 1,241.06
Direxion 166.77 6,110.67 2.73% 67,101.79
PIMCO 806.44 5,664.46 14.24% 1,998.85
JPMorgan Chase 138.04 4,140.15 3.33% 1,504.45
ETF Securities - 26.28 3,648.42 -0.72% 1,044.27
ALPS 218.20 3,309.63 6.59% 737.08
US Commodity Funds - 21.33 2,677.11 -0.80% 11,639.93
Rydex - 28.20 2,113.39 -1.33% 5,418.82
Global X 61.46 1,185.76 5.18% 495.44
Merrill Lynch - 49.85 1,127.05 -4.42% 254.60
UBS 26.21 1,007.95 2.60% 210.96
VelocityShares - 178.17 912.36 -19.53% 6,699.53
FlexShares 108.32 854.88 12.67% 137.53
Emerging Global Shares 20.24 642.93 3.15% 174.49
AdvisorShares 48.69 567.80 8.58% 441.37
GreenHaven - 60.73 493.14 -12.32% 122.67
IndexIQ 10.48 487.54 2.15% 92.49
RevenueShares - 4.19 445.11 -0.94% 68.39
Credit Suisse 3.75 371.80 1.01% 134.65
Russell - 16.56 295.43 -5.61% 104.93
Deutsche Bank - 4.75 158.05 -3.00% 28.72
RBS Securities 9.59 155.05 6.18% 114.25
Precidian - 19.67 144.63 -13.60% 157.44
FocusShares 3.60 95.68 3.76% 145.29
Jefferies - 80.16 0.00% 9.68
Teucrium - 12.55 77.11 -16.27% 39.70
FFCM 0.02 41.99 0.05% 22.00
Exchange Traded Concepts 2.45 31.41 7.80% 21.47
Morgan Stanley - 27.99 0.00% 1.58
Columbia 2.70 24.63 10.98% 3.65
Pax World - 17.82 0.00% 2.79
FactorShares - 16.07 0.00% 11.75
CitiGroup - 10.72 0.00% 14.27
ArrowShares 3.68 3.46 106.42% 3.96
Fidelity - - - 36.43
Goldman Sachs - - - 30.36
WisdomTree 49.14 14,597.83 0.34% 3,782.83

 

 

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