Bonds & Gold Fuel Weekly ETF Inflows

Senior ETF Analyst

Jul 24, 2020

Reviewed by: Sumit Roy

Edited by: Sumit Roy

U.S.-listed ETFs continud their streak of gathering assets, as another $12.5 billion flowed into the space this week. On net, year-to-date inflows now stand at $242.7 billion, according to the latest data from FactSet. That's ahead of the $143.2 billion seen at this same time last year.

The S&P 500 hit a 5-month high this week, but ETF investors were net sellers of U.S. equities. A modest $34 million flowed out of that segment during the week ending Thursday, July 23.

International equity ETFs fared better, picking up $2.1 billion of fresh inflows. At the same time, investors continued racing into U.S. fixed income ETFs and gold.

Weekly inflows for U.S. fixed income ETFs totaled $7 billion, led by flows into the iShares iBoxx USD High Yield Corporate Bond ETF (HYG), the iShares Core U.S. Aggregate Bond ETF (AGG) and the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD).

AGG and LQD rallied to record highs this week, while HYG hit its loftiest level since March. The U.S. 10-year Treasury bond yield hovered just above record lows, while the 5-year Treasury yield hit all-time lows (bond prices and yields move inversely). Credit spreads continued to narrow.

Inflows For Precious Metals ETFs

Fixed income wasn't the only asset class benefiting from safe haven inflows. The SPDR Gold Trust (GLD), the iShares Silver Trust (SLV) and the iShares Gold Trust (IAU) all made the top creations list for the week as investors piled into precious metals.

Gold futures closed at a record high on Friday, while silver traded at a seven-year high.

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

Top 10 Creations (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
GLD	SPDR Gold Trust	1,182.72	73,062.41	1.62%
QQQ	Invesco QQQ Trust	930.84	124,551.27	0.75%
HYG	iShares iBoxx USD High Yield Corporate Bond ETF	860.10	29,339.84	2.93%
SLV	iShares Silver Trust	764.23	12,427.86	6.15%
IAU	iShares Gold Trust	717.99	28,523.14	2.52%
AGG	iShares Core U.S. Aggregate Bond ETF	665.75	78,480.84	0.85%
IWM	iShares Russell 2000 ETF	648.58	40,385.37	1.61%
JNK	SPDR Bloomberg Barclays High Yield Bond ETF	626.02	12,251.11	5.11%
LQD	iShares iBoxx USD Investment Grade Corporate Bond ETF	450.78	57,734.46	0.78%
IVV	iShares Core S&P 500 ETF	422.63	206,178.35	0.20%

Top 10 Redemptions (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
FTCS	First Trust Capital Strength ETF	-1,056.77	5,602.41	-18.86%
VOO	Vanguard S&P 500 ETF	-818.00	155,239.40	-0.53%
SPY	SPDR S&P 500 ETF Trust	-805.91	291,225.17	-0.28%
BIL	SPDR Bloomberg Barclays 1-3 Month T-Bill ETF	-453.09	14,823.42	-3.06%
DIA	SPDR Dow Jones Industrial Average ETF Trust	-411.50	22,438.38	-1.83%
XLRE	Real Estate Select Sector SPDR Fund	-397.51	2,955.18	-13.45%
XLF	Financial Select Sector SPDR Fund	-395.70	17,637.71	-2.24%
TLT	iShares 20+ Year Treasury Bond ETF	-350.26	19,847.03	-1.76%
IWF	iShares Russell 1000 Growth ETF	-345.21	57,598.15	-0.60%
USMV	iShares Edge MSCI Min Vol U.S.A. ETF	-334.99	34,876.16	-0.96%

ETF Weekly Flows By Asset Class

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	-33.52	2,573,168.70	-0.00%
International Equity	2,116.09	839,773.51	0.25%
U.S. Fixed Income	6,965.12	904,059.65	0.77%
International Fixed Income	940.38	96,773.90	0.97%
Commodities	2,776.74	136,618.67	2.03%
Currency	20.68	1,542.72	1.34%
Leveraged	-665.69	36,248.24	-1.84%
Inverse	77.13	15,105.22	0.51%
Asset Allocation	129.70	10,412.85	1.25%
Alternatives	138.60	4,691.74	2.95%
Total:	12,465.23	4,618,395.21	0.27%

Asset Classes (Year-to-Date)

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	72,373.52	2,573,168.70	2.81%
International Equity	-4,358.53	839,773.51	-0.52%
U.S. Fixed Income	113,346.79	904,059.65	12.54%
International Fixed Income	7,203.34	96,773.90	7.44%
Commodities	38,574.22	136,618.67	28.23%
Currency	198.02	1,542.72	12.84%
Leveraged	2,736.32	36,248.24	7.55%
Inverse	12,901.36	15,105.22	85.41%
Asset Allocation	543.08	10,412.85	5.22%
Alternatives	-863.26	4,691.74	-18.40%
Total:	242,654.87	4,618,395.21	5.25%

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

Ticker	Name	Weekly Performance	Weekly Volume	AUM ($, mm)
CHIM	Global X MSCI China Materials ETF	6.71%	3,414	1.78
SILJ	ETFMG Prime Junior Silver Miners ETF	6.57%	4,713,900	434.92
WCLD	WisdomTree Cloud Computing Fund	5.21%	1,241,512	614.85
CLOU	Global X Cloud Computing ETF	4.96%	2,580,638	1,008.16
ARKW	ARK Next Generation Internet ETF	4.88%	967,428	1,914.59
SIL	Global X Silver Miners ETF	4.86%	1,850,210	974.05
SLVP	iShares MSCI Global Silver Miners ETF	4.75%	881,010	208.16
BUYZ	Franklin Disruptive Commerce ETF	4.58%	22,304	11.51
KGRN	KraneShares MSCI China Environment Index ETF	4.48%	4,966	3.85
REMX	VanEck Vectors Rare Earth/Strategic Metals ETF	4.39%	475,755	127.65

Top 10 YTD Performers

Ticker	Name	YTD Performance	Weekly Performance	AUM ($, mm)
VXX	iPath Series B S&P 500 VIX Short Term Futures ETN	98.88%	-4.54%	865.23
XVZ	iPath S&P 500 Dynamic VIX ETN	98.60%	0.03%	7.78
VIXY	ProShares VIX Short-Term Futures ETF	97.91%	-4.63%	232.25
VIXM	ProShares VIX Mid-Term Futures ETF	84.92%	-2.68%	65.57
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	84.56%	-2.59%	29.35
ARKW	ARK Next Generation Internet ETF	65.81%	4.88%	1,914.59
ARKG	ARK Genomic Revolution ETF	64.89%	2.57%	1,669.59
ARKK	ARK Innovation ETF	60.78%	4.17%	6,188.40
CLIX	ProShares Long Online/Short Stores ETF	58.88%	4.15%	221.32
ONLN	ProShares Online Retail ETF	55.26%	3.55%	225.75

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.

Sumit Roy

| Contact: [email protected]

Sumit Roy is the senior ETF analyst for etf.com, where he has worked for 13 years. He creates a variety of content for the platform, including news articles, analysis pieces, videos and podcasts.

Before joining etf.com, Sumit was the managing editor and commodities analyst for Hard Assets Investor. In those roles, he was responsible for most of the operations of HAI, a website dedicated to education about commodities investing.

Though he still closely follows the commodities beat, Sumit covers a much broader assortment of topics for etf.com, with a particular focus on stock and bond exchange-traded funds.

He is the host of etf.com’s Talk ETFs, a popular video series that features weekly interviews with thought leaders in the ETF industry. Sumit is also co-host of Exchange Traded Fridays, etf.com’s weekly podcast series.

He lives in the San Francisco Bay Area, where he enjoys climbing the city’s steep hills, playing chess and snowboarding in Lake Tahoe.

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Bonds & Gold Fuel Weekly ETF Inflows

Bonds & Gold Fuel Weekly ETF Inflows

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