ETF Flows Hit $27.3B Last Week as Bond Demand Jumps
U.S.-listed ETFs pulled in $27.3 billion last week, pushing year-to-date inflows to $372 billion.
U.S.-listed ETFs pulled in $27.3 billion during the week ending Friday, March 13, pushing year-to-date inflows up to $372 billion.
Fixed income funds led the way. U.S. bond ETFs attracted $14.1 billion, slightly ahead of international equity ETFs, which brought in $11.9 billion.
U.S. equity ETFs were relative laggards, gathering just $688 million. Commodity ETFs moved in the opposite direction, shedding $1.6 billion.
The strong demand for fixed income comes as investors continue to look for stability amid geopolitical concerns, while international equities remain popular as investors diversify beyond the U.S. market.
S&P 500 ETFs Dominate
Among individual funds, the Vanguard S&P 500 ETF (VOO) led the market with $16.3 billion of inflows, while the competing SPDR S&P 500 ETF Trust (SPY) ranked second.
Bond ETFs also featured prominently on the inflows list. The iShares U.S. Treasury Bond ETF (GOVT) brought in $3.4 billion, making it the biggest fixed income gainer of the week.
At the same time, the iShares Large Cap Core Active ETF (BLCR) pulled in $3.3 billion, while the ProShares Genius Money Market ETF (IQMM) gathered $2.6 billion.
ProShares continues to hold more than 99% of IQMM, according to Bloomberg data. The firm primarily uses the fund within its other ETFs, particularly leveraged and inverse products.
IVV Sheds Assets
On the outflows side, the iShares Core S&P 500 ETF (IVV) led with $23.9 billion leaving the fund. The move appears to reflect typical quarter end tax related heartbeat trades rather than a shift in investor sentiment.
The iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) saw the largest bond outflows at $1.6 billion.
Meanwhile, the Financial Select Sector SPDR Fund (XLF) lost $1.4 billion. Some investors have grown concerned about the health of the financial sector, particularly exposure to private credit investments.
For a full list of the top inflows and outflows from last week, see the tables below.
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($, mm) | AUM ($, mm) | AUM % Change< |
| VOO | Vanguard S&P 500 ETF | 16,335.92 | 863,952.83 | 1.89 |
| SPY | SPDR S&P 500 ETF Trust | 9,007.03 | 673,032.03 | 1.34 |
| GOVT | iShares U.S. Treasury Bond ETF | 3,448.57 | 39,016.25 | 8.84 |
| BLCR | iShares Large Cap Core Active ETF | 3,263.23 | 3,367.98 | 96.89 |
| IQMM | ProShares GENIUS Money Market ETF | 2,626.51 | 22,865.33 | 11.49 |
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | 1,954.47 | 32,019.29 | 6.10 |
| SGOV | iShares 0-3 Month Treasury Bond ETF | 1,933.80 | 78,619.46 | 2.46 |
| EFG | iShares MSCI EAFE Growth ETF | 1,729.55 | 11,105.54 | 15.57 |
| IWD | iShares Russell 1000 Value ETF | 1,708.31 | 69,379.14 | 2.46 |
| QQQ | Invesco QQQ Trust Series I | 1,424.48 | 386,473.80 | 0.37 |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($, mm) | AUM ($, mm) | AUM % Change |
| IVV | iShares Core S&P 500 ETF | -23,935.47 | 699,597.21 | -3.42 |
| OEF | iShares S&P 100 ETF | -7,557.09 | 20,555.96 | -36.76 |
| DYNF | iShares U.S. Equity Factor Rotation Active ETF | -1,946.74 | 30,804.97 | -6.32 |
| EMB | iShares JP Morgan USD Emerging Markets Bond ETF | -1,602.70 | 15,898.08 | -10.08 |
| XLF | Financial Select Sector SPDR Fund | -1,431.81 | 45,074.43 | -3.18 |
| IVE | iShares S&P 500 Value ETF | -1,359.50 | 46,923.27 | -2.90 |
| ITA | iShares U.S. Aerospace & Defense ETF | -1,308.39 | 14,313.12 | -9.14 |
| IAU | iShares Gold Trust | -1,168.36 | 80,337.92 | -1.45 |
| RSP | Invesco S&P 500 Equal Weight ETF | -1,017.81 | 84,875.27 | -1.20 |
| SLV | iShares Silver Trust | -834.87 | 43,254.02 | -1.93 |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| Alternatives | 752.05 | 118,118.34 | 0.64% |
| Asset Allocation | 42.76 | 36,369.88 | 0.12% |
| Commodities E T Fs | -1,593.64 | 404,728.18 | -0.39% |
| Currency | 405.16 | 111,945.50 | 0.36% |
| International Equity | 11,937.73 | 2,460,139.82 | 0.49% |
| International Fixed Income | 224.10 | 401,027.65 | 0.06% |
| Inverse | 580.48 | 14,593.10 | 3.98% |
| Leveraged | 238.92 | 138,158.84 | 0.17% |
| Us Equity | 687.78 | 8,122,452.24 | 0.01% |
| Us Fixed Income | 14,068.46 | 2,006,623.70 | 0.70% |
| Total: | 27,343.80 | 13,814,157.25 | 0.20% |
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.
