Bond Funds Remain Investors’ Top Pick

Fixed income ETFs picked up $7.8 billion last week.

ShubhamSaharan_white_bg
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Reviewed by: Shubham Saharan
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Edited by: Shubham Saharan

Fixed income exchange-traded funds posted a $7.8 billion haul as investors shirked off equities. 

ETFs netted $14 billion in inflows the week ending Jan. 13, climbing nearly 55% from $9.3 billion that came in the week prior. Of that, $7.8 billion in assets flocked to bond funds, a 17% dip from the week ending Jan. 6, according to ETF.com data. Meanwhile, equity funds shed $348 million, compared to the $2.7 billion in outflows posted the previous week.  

The outflows in equity ETFs come despite U.S. stocks recording their largest weekly gains in two months. The S&P 500 gained 2.7% in the week ending Jan. 13, while the Nasdaq soared 4.8% in the same period. Treasury yields also surged, with the two-year reaching 4.23% by the end of the week. In November, the note, which is particularly sensitive to policy shifts and interest rate movements, saw yields peak at 4.7%. Bond prices fall as yields rise.  

Another bright spot for investors was international equity ETFs, which lured $5.2 billion. Top-performing funds included the iShares Core MSCI Emerging Markets ETF (IEMG) and the iShares JP Morgan USD Emerging Markets Bond ETF (EMB), which collectively brought in nearly $3 billion, ETF.com data shows.  

On the other side of the ledger, funds with the greatest losses included the Invesco QQQ Trust (QQQ), the Technology Select Sector SPDR Fund (XLK) and the iShares ESG Aware MSCI USA ETF (ESGU) which recorded $3.6 billion in losses.  

For a full list of last week’s top inflows and outflows, see the tables below:      

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
IEMGiShares Core MSCI Emerging Markets ETF1,858.3870,184.222.65%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF1,631.1439,028.034.18%
SPYSPDR S&P 500 ETF Trust1,550.40370,717.200.42%
MBBiShares MBS ETF1,258.9025,493.074.94%
HYGiShares iBoxx USD High Yield Corporate Bond ETF1,258.3318,671.746.74%
TLTiShares 20+ Year Treasury Bond ETF1,189.3031,072.023.83%
EMBiShares JP Morgan USD Emerging Markets Bond ETF1,145.9615,947.617.19%
IUSBiShares Core Total USD Bond Market ETF918.4820,825.514.41%
VCITVanguard Intermediate-Term Corporate Bond Index Fund ETF635.4241,671.981.52%
SQQQProShares UltraPro Short QQQ608.884,416.3113.79%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
QQQInvesco QQQ Trust-2,154.47149,330.40-1.44%
GOVTiShares U.S. Treasury Bond ETF-1,604.4121,152.33-7.59%
EEMViShares MSCI Emerging Markets Min Vol Factor ETF-1,133.857,274.48-15.59%
SGOViShares 0-3 Month Treasury Bond ETF-861.696,639.84-12.98%
ESGUiShares ESG Aware MSCI USA ETF-802.8619,629.79-4.09%
IWDiShares Russell 1000 Value ETF-724.1355,268.43-1.31%
IWFiShares Russell 1000 Growth ETF-691.0460,441.49-1.14%
BILSPDR Bloomberg 1-3 Month T-Bill ETF-645.0926,540.42-2.43%
XLKTechnology Select Sector SPDR Fund-643.4739,333.50-1.64%
ICVTiShares Convertible Bond ETF-598.801,350.49-44.34%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-348.414,000,146.74-0.01%
International Equity5,203.021,226,725.730.42%
U.S. Fixed Income7,801.521,200,553.140.65%
International Fixed Income1,818.59143,647.911.27%
Commodities-418.47133,575.91-0.31%
Currency2.923,751.450.08%
Leveraged-820.6249,782.66-1.65%
Inverse1,619.5523,224.756.97%
Asset Allocation-506.9816,897.33-3.00%
Alternatives45.528,886.470.51%
Total:14,396.646,807,192.100.21%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-3,043.654,000,146.74-0.08%
International Equity7,319.771,226,725.730.60%
U.S. Fixed Income17,206.111,200,553.141.43%
International Fixed Income1,732.41143,647.911.21%
Commodities-179.48133,575.91-0.13%
Currency-20.713,751.45-0.55%
Leveraged-651.2149,782.66-1.31%
Inverse1,948.7023,224.758.39%
Asset Allocation-649.7916,897.33-3.85%
Alternatives66.088,886.470.74%
Total:23,728.236,807,192.100.35%

 

Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
DAMVanEck Digital Assets Mining ETF29.07%6,6650.92
WGMIValkyrie Bitcoin Miners ETF27.69%165,6602.44
DAPPVanEck Digital Transformation ETF25.16%286,65526.01
BITQBitwise Crypto Industry Innovators ETF22.52%590,82949.55
IBLCiShares Blockchain and Tech ETF22.17%14,7055.68
GFOFGrayscale Future of Finance ETF21.67%35,7164.66
SATOInvesco Alerian Galaxy Crypto Economy ETF20.95%6,0742.53
NFTZDefiance Digital Revolution ETF17.21%11,1874.97
BITSGlobal X Blockchain and Bitcoin Strategy ETF16.45%20,1828.65
FDIGFidelity Crypto Industry and Digital Payments ETF16.40%154,17822.39

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
WGMIValkyrie Bitcoin Miners ETF67.11%27.69%2.44
DAMVanEck Digital Assets Mining ETF55.70%29.07%0.92
DAPPVanEck Digital Transformation ETF49.06%25.16%26.01
BITQBitwise Crypto Industry Innovators ETF46.02%22.52%49.55
IBLCiShares Blockchain and Tech ETF43.36%22.17%5.68
SATOInvesco Alerian Galaxy Crypto Economy ETF41.22%20.95%2.53
GFOFGrayscale Future of Finance ETF36.55%21.67%4.66
FDIGFidelity Crypto Industry and Digital Payments ETF33.78%16.40%22.39
NFTZDefiance Digital Revolution ETF30.28%17.21%4.97
BITSGlobal X Blockchain and Bitcoin Strategy ETF29.22%16.45%8.65

 

Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.

Shubham Saharan is a markets reporter at etf.com. Before joining the company, she reported for Bloomberg and the Financial Times. Saharan is a graduate of Barnard College of Columbia University.