Fixed Income ETFs Dominate Weekly Inflows List

Investors gobbled up fixed income ETFs despite a sell-off in Treasuries. 

sumit
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Senior ETF Analyst
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Reviewed by: Sumit Roy
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Edited by: Sumit Roy

Stock markets surged this week, bolstering demand for U.S. equity ETFs, but it was fixed income ETFs that took the majority of inflows. On net, $22.1 billion flowed into U.S.-listed ETFs during the week ending Thursday, June 4, according to FactSet. That pushed year-to-date inflows up to $160.1 billion, more than double the $75.2 billion seen at this same time a year ago.

The S&P 500 climbed to more than a three-month high this week, eclipsing 3,100 on Wednesday and 3,200 on Friday. The index is now up 43% from its March lows and trades just 5.5% below its all-time highs from February. About $5 billion of fresh cash entered U.S. equity ETFs this week, with the SPDR S&P 500 ETF Trust (SPY) leading the way.

Fixed Income Focus 

That said, even as stocks surged, ETF investors focused most of their buying power on the fixed income space. U.S. fixed income ETFs gathered $13 billion of new money during the week, even as Treasury prices tumbled on the back of better-than-expected economic data. 

The U.S. 10-year Treasury yield topped 0.9% for the first time since March 20, pushing prices for funds like the iShares 7-10 Year Treasury Bond ETF (IEF) lower (bond prices and yields move inversely). A shocking jobs report for May showed that the U.S. added 2.5 million jobs during the month as opposed to the 7.5 million job losses that were expected.

Yet, that same strong jobs report lent support to corporate bonds, where narrowing credit spreads more than offset the jump in Treasury yields. The iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD)  and the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) both traded near three-month highs. Each had inflows of more than $2.4 billion this week.

Altogether, fixed income ETFs made up seven of the 10 ETFs with the largest inflows this week. The only other ETFs on the list were the aforementioned SPY, the SPDR Gold Trust (GLD) and the Vanguard Total International Stock ETF (VXUS). Year-to-date inflows for GLD now stand at $12.9 billion.

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

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF2,738.0751,952.985.27%
HYGiShares iBoxx USD High Yield Corporate Bond ETF2,450.4227,375.838.95%
SPYSPDR S&P 500 ETF Trust1,674.85276,367.510.61%
VCSHVanguard Short-Term Corporate Bond ETF1,185.3327,313.724.34%
AGGiShares Core U.S. Aggregate Bond ETF1,113.6373,240.361.52%
JNKSPDR Bloomberg Barclays High Yield Bond ETF1,060.2112,853.248.25%
BNDVanguard Total Bond Market ETF1,014.9353,918.491.88%
VCITVanguard Intermediate-Term Corporate Bond ETF1,002.7130,534.523.28%
GLDSPDR Gold Trust700.2162,054.841.13%
VXUSVanguard Total International Stock ETF649.2920,540.313.16%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
QQQInvesco QQQ Trust-2,059.72108,867.76-1.89%
SHViShares Short Treasury Bond ETF-1,085.2523,659.60-4.59%
IEFiShares 7-10 Year Treasury Bond ETF-704.7120,502.75-3.44%
BILSPDR Bloomberg Barclays 1-3 Month T-Bill ETF-549.1918,049.52-3.04%
VTVVanguard Value ETF-545.9449,935.47-1.09%
TLTiShares 20+ Year Treasury Bond ETF-468.4317,844.14-2.63%
XBISPDR S&P Biotech ETF-391.304,572.01-8.56%
SCHOSchwab Short-Term U.S. Treasury ETF-335.867,124.40-4.71%
MDYVSPDR S&P 400 Mid Cap Value ETF-327.811,121.12-29.24%
GOVTiShares U.S. Treasury Bond ETF-322.5413,764.29-2.34%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity4,969.142,464,722.830.20%
International Equity1,730.29785,574.980.22%
U.S. Fixed Income12,968.60847,141.181.53%
International Fixed Income1,292.2990,036.381.44%
Commodities ETFs1,441.18115,844.121.24%
Currency-46.401,935.23-2.40%
Leveraged-72.5034,082.83-0.21%
Inverse-289.3216,280.42-1.78%
Asset Allocation21.239,705.980.22%
Alternatives50.834,479.191.13%
Total:22,065.354,369,803.140.50%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity58,858.692,464,722.832.39%
International Equity-16,596.01785,574.98-2.11%
U.S. Fixed Income71,964.13847,141.188.49%
International Fixed Income2,428.2790,036.382.70%
Commodities ETFs29,318.01115,844.1225.31%
Currency643.911,935.2333.27%
Leveraged3,192.4034,082.839.37%
Inverse11,384.6216,280.4269.93%
Asset Allocation248.749,705.982.56%
Alternatives-1,331.104,479.19-29.72%
Total:160,111.654,369,803.143.66%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
PGMFFiPath Bloomberg Platinum Subindex Total Return ETN59.86%1,9812.22
EWZSiShares MSCI Brazil Small-Cap ETF17.20%517,006115.16
BRFVanEck Vectors Brazil Small-Cap ETF15.19%46,79852.44
JETSUS Global Jets ETF13.85%15,793,5891,157.13
EIDOiShares MSCI Indonesia ETF13.69%3,305,518332.11
ICOLiShares MSCI Colombia ETF12.77%60,28821.81
FLBRFranklin FTSE Brazil ETF12.60%28,524134.54
IDXVanEck Vectors Indonesia Index ETF12.53%143,18029.09
ILFiShares Latin America 40 ETF12.38%6,569,417849.19
KBWYInvesco KBW Premium Yield Equity REIT ETF12.19%191,100184.91

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
VXXiPath Series B S&P 500 VIX Short Term Futures ETN103.97%-6.16%671.35
VIIXVelocityShares Daily Long VIX Short-Term ETN103.55%-6.35%46.61
VIXYProShares VIX Short-Term Futures ETF103.38%-6.52%181.98
XVZiPath S&P 500 Dynamic VIX ETN92.21%-0.88%5.90
VIXMProShares VIX Mid-Term Futures ETF79.24%-3.11%64.11
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN78.60%-2.98%26.22
GRNTFiPath Global Carbon ETN74.64%-6.05%5.08
CLIXProShares Long Online/Short Stores ETF37.67%-0.86%184.92
WCLDWisdomTree Cloud Computing Fund37.26%3.57%199.71
ARKGARK Genomic Revolution ETF34.73%1.21%1,083.58

 

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 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.