Bond Funds Remain Investors’ Top Pick
Fixed income ETFs picked up $7.8 billion last week.
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 $3.6 billion in losses.
For a full list of last week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| IEMG | iShares Core MSCI Emerging Markets ETF | 1,858.38 | 70,184.22 | 2.65% |
| LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | 1,631.14 | 39,028.03 | 4.18% |
| SPY | SPDR S&P 500 ETF Trust | 1,550.40 | 370,717.20 | 0.42% |
| MBB | iShares MBS ETF | 1,258.90 | 25,493.07 | 4.94% |
| HYG | iShares iBoxx USD High Yield Corporate Bond ETF | 1,258.33 | 18,671.74 | 6.74% |
| TLT | iShares 20+ Year Treasury Bond ETF | 1,189.30 | 31,072.02 | 3.83% |
| EMB | iShares JP Morgan USD Emerging Markets Bond ETF | 1,145.96 | 15,947.61 | 7.19% |
| IUSB | iShares Core Total USD Bond Market ETF | 918.48 | 20,825.51 | 4.41% |
| VCIT | Vanguard Intermediate-Term Corporate Bond Index Fund ETF | 635.42 | 41,671.98 | 1.52% |
| SQQQ | ProShares UltraPro Short QQQ | 608.88 | 4,416.31 | 13.79% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| QQQ | Invesco QQQ Trust | -2,154.47 | 149,330.40 | -1.44% |
| GOVT | iShares U.S. Treasury Bond ETF | -1,604.41 | 21,152.33 | -7.59% |
| EEMV | iShares MSCI Emerging Markets Min Vol Factor ETF | -1,133.85 | 7,274.48 | -15.59% |
| SGOV | iShares 0-3 Month Treasury Bond ETF | -861.69 | 6,639.84 | -12.98% |
| ESGU | iShares ESG Aware MSCI USA ETF | -802.86 | 19,629.79 | -4.09% |
| IWD | iShares Russell 1000 Value ETF | -724.13 | 55,268.43 | -1.31% |
| IWF | iShares Russell 1000 Growth ETF | -691.04 | 60,441.49 | -1.14% |
| BIL | SPDR Bloomberg 1-3 Month T-Bill ETF | -645.09 | 26,540.42 | -2.43% |
| XLK | Technology Select Sector SPDR Fund | -643.47 | 39,333.50 | -1.64% |
| ICVT | iShares Convertible Bond ETF | -598.80 | 1,350.49 | -44.34% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | -348.41 | 4,000,146.74 | -0.01% |
| International Equity | 5,203.02 | 1,226,725.73 | 0.42% |
| U.S. Fixed Income | 7,801.52 | 1,200,553.14 | 0.65% |
| International Fixed Income | 1,818.59 | 143,647.91 | 1.27% |
| Commodities | -418.47 | 133,575.91 | -0.31% |
| Currency | 2.92 | 3,751.45 | 0.08% |
| Leveraged | -820.62 | 49,782.66 | -1.65% |
| Inverse | 1,619.55 | 23,224.75 | 6.97% |
| Asset Allocation | -506.98 | 16,897.33 | -3.00% |
| Alternatives | 45.52 | 8,886.47 | 0.51% |
| Total: | 14,396.64 | 6,807,192.10 | 0.21% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | -3,043.65 | 4,000,146.74 | -0.08% |
| International Equity | 7,319.77 | 1,226,725.73 | 0.60% |
| U.S. Fixed Income | 17,206.11 | 1,200,553.14 | 1.43% |
| International Fixed Income | 1,732.41 | 143,647.91 | 1.21% |
| Commodities | -179.48 | 133,575.91 | -0.13% |
| Currency | -20.71 | 3,751.45 | -0.55% |
| Leveraged | -651.21 | 49,782.66 | -1.31% |
| Inverse | 1,948.70 | 23,224.75 | 8.39% |
| Asset Allocation | -649.79 | 16,897.33 | -3.85% |
| Alternatives | 66.08 | 8,886.47 | 0.74% |
| Total: | 23,728.23 | 6,807,192.10 | 0.35% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| DAM | VanEck Digital Assets Mining ETF | 29.07% | 6,665 | 0.92 |
| WGMI | Valkyrie Bitcoin Miners ETF | 27.69% | 165,660 | 2.44 |
| DAPP | VanEck Digital Transformation ETF | 25.16% | 286,655 | 26.01 |
| BITQ | Bitwise Crypto Industry Innovators ETF | 22.52% | 590,829 | 49.55 |
| IBLC | iShares Blockchain and Tech ETF | 22.17% | 14,705 | 5.68 |
| GFOF | Grayscale Future of Finance ETF | 21.67% | 35,716 | 4.66 |
| SATO | Invesco Alerian Galaxy Crypto Economy ETF | 20.95% | 6,074 | 2.53 |
| NFTZ | Defiance Digital Revolution ETF | 17.21% | 11,187 | 4.97 |
| BITS | Global X Blockchain and Bitcoin Strategy ETF | 16.45% | 20,182 | 8.65 |
| FDIG | Fidelity Crypto Industry and Digital Payments ETF | 16.40% | 154,178 | 22.39 |
Top 10 YTD Performers
| Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
| WGMI | Valkyrie Bitcoin Miners ETF | 67.11% | 27.69% | 2.44 |
| DAM | VanEck Digital Assets Mining ETF | 55.70% | 29.07% | 0.92 |
| DAPP | VanEck Digital Transformation ETF | 49.06% | 25.16% | 26.01 |
| BITQ | Bitwise Crypto Industry Innovators ETF | 46.02% | 22.52% | 49.55 |
| IBLC | iShares Blockchain and Tech ETF | 43.36% | 22.17% | 5.68 |
| SATO | Invesco Alerian Galaxy Crypto Economy ETF | 41.22% | 20.95% | 2.53 |
| GFOF | Grayscale Future of Finance ETF | 36.55% | 21.67% | 4.66 |
| FDIG | Fidelity Crypto Industry and Digital Payments ETF | 33.78% | 16.40% | 22.39 |
| NFTZ | Defiance Digital Revolution ETF | 30.28% | 17.21% | 4.97 |
| BITS | Global X Blockchain and Bitcoin Strategy ETF | 29.22% | 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.
