Fixed Income ETFs Lead Strong Weekly Inflows

Year-to-date inflows now stand at $35.2 billion. 

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

U.S. stocks kept humming this week as the S&P 500 rallied to fresh record highs. The venerable index topped 3,325 for the first time ever, bringing its year-to-date gains up to nearly 3%. 

In turn, investors kept plowing money into U.S.-listed ETFs. A cool $13.4 billion flowed into the space during the week ending Thursday, Jan. 16, sending year-to-date inflows to $35.2 billion, well ahead of year-ago levels of $8.4 billion.

Strong Inflows For Fixed Income ETFs 

Interestingly, though equity ETFs had solid inflows during the week, the bulk of new money went into U.S. fixed income products. Those funds picked up $5.6 billion of cash, more than the $2.9 billion that went into U.S. equity ETFs and the $2.8 billion that went into international equity ETFs. 

On a year-to-date basis, U.S. equity ETFs are still ahead, $14.2 billion to $11.4 billion, but the gap is much smaller than you'd expect considering the record run in stocks. So far this year, most fixed income ETFs are up thanks to a modest decline in interest rates (bond prices and rates move inversely). The iShares Core Aggregate Bond ETF (AGG), for example, has returned about 0.6%.

Individual Names 

Taking a look at individual ETF flows, the Vanguard Small-Cap ETF (VB) headlined the top inflows list, with creations of $1.5 billion. It was joined by the iShares 20+ Year Treasury Bond ETF (TLT), the iShares ESG MSCI U.S.A. ETF (ESGU) and the aforementioned AGG, among others. 

Meanwhile, on the outflows side, the Vanguard Short-Term Corporate Bond ETF (VCSH) had by far the largest redemptions of the week, at $1.6 billion. The SPDR S&P 500 ETF Trust (SPY), the iShares 3-7 Year Treasury Bond ETF (IEI) and the iShares Edge MSCI U.S.A. Size Factor ETF (SIZE) also registered outflows.

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
VBVanguard Small-Cap ETF1,450.2229,327.904.94%
IVViShares Core S&P 500 ETF1,315.16205,983.790.64%
TLTiShares 20+ Year Treasury Bond ETF1,178.0218,124.286.50%
ESGUiShares ESG MSCI U.S.A. ETF1,152.122,657.9043.35%
FTCSFirst Trust Capital Strength ETF891.864,398.8920.27%
AGGiShares Core U.S. Aggregate Bond ETF823.4670,953.591.16%
MBBiShares MBS ETF802.6922,672.553.54%
VCITVanguard Intermediate-Term Corporate Bond ETF779.7227,068.682.88%
HYGiShares iBoxx USD High Yield Corporate Bond ETF767.2119,962.483.84%
VUGVanguard Growth ETF642.8748,961.771.31%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
VCSHVanguard Short-Term Corporate Bond ETF-1,557.4024,322.53-6.40%
SPYSPDR S&P 500 ETF Trust-1,343.39315,360.31-0.43%
IWMiShares Russell 2000 ETF-981.6547,203.65-2.08%
IEIiShares 3-7 Year Treasury Bond ETF-971.828,768.51-11.08%
BIVVanguard Intermediate-Term Bond ETF-754.1612,986.02-5.81%
XLEEnergy Select Sector SPDR Fund-398.0710,866.81-3.66%
SIZEiShares Edge MSCI U.S.A. Size Factor ETF-370.581,290.14-28.72%
IWDiShares Russell 1000 Value ETF-355.3342,044.63-0.85%
VTVVanguard Value ETF-345.9055,836.10-0.62%
IYRiShares U.S. Real Estate ETF-332.874,156.80-8.01%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity2,911.222,590,453.410.11%
International Equity2,786.08911,694.050.31%
U.S. Fixed Income5,588.41773,497.930.72%
International Fixed Income899.8992,498.520.97%
Commodities 204.3982,938.330.25%
Currency26.521,396.281.90%
Leveraged428.9741,574.581.03%
Inverse219.0611,355.411.93%
Asset Allocation175.0611,023.021.59%
Alternatives143.654,630.303.10%
Total:13,383.254,521,061.830.30%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity14,156.072,590,453.410.55%
International Equity6,910.75911,694.050.76%
U.S. Fixed Income11,444.01773,497.931.48%
International Fixed Income1,721.3292,498.521.86%
Commodities 72.7982,938.330.09%
Currency32.451,396.282.32%
Leveraged372.5841,574.580.90%
Inverse121.5011,355.411.07%
Asset Allocation208.7211,023.021.89%
Alternatives177.684,630.303.84%
Total:35,217.874,521,061.830.78%

 

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
ESGUiShares ESG MSCI U.S.A. ETF632,8423,909,311617.74%
ESGEiShares ESG MSCI EM ETF947,0285,352,401565.18%
EEMAiShares MSCI Emerging Markets Asia ETF70,979308,752434.99%
SIZEiShares Edge MSCI U.S.A. Size Factor ETF252,8761,088,547430.47%
CSMLIQ Chaikin U.S. Small Cap ETF53,533185,808347.09%
OSCVOpus Small Cap Value ETF11,04142,466384.62%
IXNiShares Global Tech ETF85,483288,312337.27%
SHYGiShares 0-5 Year High Yield Corporate Bond ETF1,267,7284,121,650325.12%
EMHYiShares Emerging Markets High Yield Bond ETF134,298471,273350.92%
UOCTInnovator S&P 500 Ultra Buffer ETF - October22,41772,718324.38%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
POTXGlobal X Cannabis ETF19.90%128,4678.34
THCXThe Cannabis ETF15.15%282,00020.26
MJETFMG Alternative Harvest ETF14.05%8,286,264812.52
CNBSAmplify Seymour Cannabis ETF13.56%42,0955.01
YOLOAdvisorShares Pure Cannabis ETF11.35%373,94250.20
TOKECambria Cannabis ETF10.25%52,36011.36
LITGlobal X Lithium & Battery Tech ETF6.86%1,234,712539.35
PALLAberdeen Standard Physical Palladium Shares ETF6.32%143,657367.57
NIBiPath Bloomberg Cocoa Subindex Total Return ETN5.26%429,63937.37
PBWInvesco WilderHill Clean Energy ETF4.60%633,355265.52

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
PALLAberdeen Standard Physical Palladium Shares ETF19.49%6.32%367.57
POTXGlobal X Cannabis ETF11.98%19.90%8.34
CHIKGlobal X MSCI China Information Technology ETF11.48%2.61%6.57
CHICGlobal X MSCI China Communication Services ETF10.78%1.22%23.93
CQQQInvesco China Technology ETF10.75%1.58%665.83
KWEBKraneShares CSI China Internet ETF10.70%1.58%2,535.07
NGEGlobal X MSCI Nigeria ETF10.69%-0.18%43.49
THCXThe Cannabis ETF10.67%15.15%20.26
PBWInvesco WilderHill Clean Energy ETF10.11%4.60%265.52
BUGGlobal X Cybersecurity ETF9.77%2.21%2.70

 

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.