##  [# Net New ETF Flows Slow to a Crawl as Investors Flee Risk](/sections/weekly-etf-flows/net-new-etf-flows-slow-crawl-investors-flee-risk) 

 

# Net New ETF Flows Slow to a Crawl as Investors Flee Risk

 

 

\- Net weekly inflows totaled just $2.9 billion.  
\- Equity ETFs saw heavy redemptions.  
\- Investor behavior skewed sharply defensive.



 

 

 

 

 [![sumit](/sites/default/files/styles/author_image_icon/public/2023-03/Sumit_0.png?itok=SO-7S5SH "sumit")](/authors/sumit-roy) 

[By Sumit Roy ](/authors/sumit-roy)

 Apr 21, 2025

 Edited by: David Tony

 

 

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ETF inflows slowed dramatically during the week ending April 18, with just $2.9 billion of net new money entering U.S.-listed funds. That brought year-to-date inflows to $347 billion.

U.S. equity ETFs were the main source of weakness, posting $6.6 billion in outflows as investors braced for further volatility amid a 1.5% drop in the S&amp;P 500 during the holiday-shortened trading week. Inflows into international equity ETFs ($4.3 billion) and U.S. fixed-income ETFs ($4.1 billion) helped offset some of the damage.

## Investors Get Defensive

Investor behavior skewed sharply defensive. The [**SPDR Bloomberg 1-3 Month T-Bill ETF (BIL)**](/bil), the [**iShares 0-3 Month Treasury Bond ETF (SGOV)**](/sgov), the [**Vanguard Short-Term Bond ETF (BSV)**](/bsv) and the [**iShares Short Treasury Bond ETF (SHV)**](/shv) dominated the top inflows list, reflecting a flight to both short- and ultra-short-term bonds.

Still, a few risk-on bets stood out. The [**VanEck Semiconductor ETF (SMH)**](/smh) pulled in $1.5 billion, while the [**iShares Broad USD High Yield Corporate Bond ETF (USHY)**](/ushy) also made the top 10, suggesting selective risk-taking remained.

The [**iShares MSCI ACWI ETF (ACWI)**](/acwi) saw $736 million in inflows, as some investors looked to increase international exposure amid heightened geopolitical and macro uncertainty.

Notably, the [**Vanguard Total Stock Market ETF (VTI)**](/vti) was the only broad U.S. equity fund to crack the top 10 creations list—an unusual development since broad-based domestic stock ETFs are typically well-represented among top weekly inflows.

On the redemption side, the [**SPDR S&amp;P 500 ETF Trust (SPY)**](/spy) and the [**iShares Core S&amp;P 500 ETF (IVV)**](/ivv) posted the largest outflows, shedding $4.8 billion and $3.7 billion, respectively. The [**iShares 7-10 Year Treasury Bond ETF (IEF)**](/ief) also saw sizable redemptions as concerns about long-duration U.S. debt persisted.

 
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## Top 10 Creations (All ETFs)

TickerNameNet Flows ($, mm)AUM ($, mm)AUM % Change&lt;[BIL](https://www.etf.com/bil)[SPDR Bloomberg 1-3 Month T-Bill ETF](https://www.etf.com/bil)2,870.2349,072.525.85[BSV](https://www.etf.com/bsv)[Vanguard Short-Term Bond ETF](https://www.etf.com/bsv)2,173.2838,076.895.71[SHV](https://www.etf.com/shv)[iShares Short Treasury Bond ETF](https://www.etf.com/shv)2,044.9423,023.628.88[SMH](https://www.etf.com/smh)[VanEck Semiconductor ETF](https://www.etf.com/smh)1,481.3419,329.497.66[SGOV](https://www.etf.com/sgov)[iShares 0-3 Month Treasury Bond ETF](https://www.etf.com/sgov)1,035.1243,765.172.37[VTI](https://www.etf.com/vti)[Vanguard Total Stock Market ETF](https://www.etf.com/vti)864.12417,964.370.21[XLF](https://www.etf.com/xlf)[Financial Select Sector SPDR Fund](https://www.etf.com/xlf)812.8547,620.651.71[ACWI](https://www.etf.com/acwi)[iShares MSCI ACWI ETF](https://www.etf.com/acwi)735.6718,932.863.89[XFIV](https://www.etf.com/xfiv)[BondBloxx Bloomberg Five Year Target Duration US Treasury ETF](https://www.etf.com/xfiv)676.76815.2783.01[USHY](https://www.etf.com/ushy)[iShares Broad USD High Yield Corporate Bond ETF](https://www.etf.com/ushy)652.7819,689.703.32## Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($, mm)AUM ($, mm)AUM % Change[SPY](https://www.etf.com/spy)[SPDR S&amp;P 500 ETF Trust](https://www.etf.com/spy)-4,807.38547,944.29-0.88[IVV](https://www.etf.com/ivv)[iShares Core S&amp;P 500 ETF](https://www.etf.com/ivv)-3,743.32536,048.23-0.70[IEF](https://www.etf.com/ief)[iShares 7-10 Year Treasury Bond ETF](https://www.etf.com/ief)-3,015.9534,785.46-8.67[SPTI](https://www.etf.com/spti)[SPDR Portfolio Intermediate Term Treasury ETF](https://www.etf.com/spti)-1,717.377,901.05-21.74[VV](https://www.etf.com/vv)[Vanguard Large-Cap ETF](https://www.etf.com/vv)-1,411.4836,057.60-3.91[BND](https://www.etf.com/bnd)[Vanguard Total Bond Market ETF](https://www.etf.com/bnd)-1,105.53125,321.56-0.88[IWM](https://www.etf.com/iwm)[iShares Russell 2000 ETF](https://www.etf.com/iwm)-1,009.4257,901.05-1.74[HYG](https://www.etf.com/hyg)[iShares iBoxx $ High Yield Corporate Bond ETF](https://www.etf.com/hyg)-818.2414,700.68-5.57[QQQ](https://www.etf.com/qqq)[Invesco QQQ Trust Series I](https://www.etf.com/qqq)-703.54284,122.94-0.25[XLP](https://www.etf.com/xlp)[Consumer Staples Select Sector SPDR Fund](https://www.etf.com/xlp)-639.6615,385.97-4.16## ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUMAlternatives-166.389,614.81-1.73%Asset Allocation122.0522,850.060.53%Commodities ETFs941.89213,222.340.44%Currency149.95104,388.430.14%International Equity4,311.021,591,766.140.27%International Fixed Income111.02275,479.380.04%Inverse789.1714,982.835.27%Leveraged-804.1092,628.71-0.87%US Equity-6,598.496,056,148.85-0.11%US Fixed Income4,052.681,632,665.800.25%**Total:****2,908.80****10,013,747.35****0.03%***Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data are believed to be accurate; however, transient market data are often subject to subsequent revision and correction by the exchanges.*





 

 

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 [ Sumit Roy Senior ETF Analyst ](/authors/sumit-roy) 

 

 

  Sumit Roy is the senior ETF analyst for etf.com and author of (Don't) Invest Like a Pro. He creates a variety of content for the platform, including…   [View Bio](/authors/sumit-roy)

 



 

 


 Related Topics  [Equity](http://www.etf.com/topics/equity) 

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 [Inverse ETFs](http://www.etf.com/topics/inverse-etfs)