Fixed Income ETFs Lead Weekly Inflows for August 3

ETFs like 'LQD' and 'HYG' saw interest during the latest week.

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

Investors added $3.7 billion to U.S.-listed ETFs during the week ending Thursday, Aug. 2, according to the latest data from FactSet. The haul brought year-to-date inflows up to $145.2 billion.

After several weeks of tossing money into the group, investors largely ignored U.S. equity ETFs this week. The group had net outflows of $143 million.

On the other hand, U.S. fixed-income ETFs continued to steadily build assets thanks to inflows of $2 billion. International equity ETFs followed, with inflows of $1.3 billion.

10-Year Tops 3%

On the fixed-income front, the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) and the PIMCO Enhanced Short Maturity Active ETF (MINT) were the biggest winners.

The Federal Reserve kept its benchmark interest rate unchanged at Wednesday’s meeting, but upgraded its outlook for the U.S. economy, signaling a hike is likely in September.

The U.S. 10-year Treasury yield briefly topped 3% for the first time since mid-June this week, while the two-year Treasury yield hit a decade-high of 2.69%.

Emerging Market ETF Rakes In Assets

In terms of equity ETFs, the iShares Core MSCI Emerging Markets ETF (IEMG) easily took the No. 1 spot, with $1.4 billion of inflows.

On a percentage basis, the VanEck Vectors Semiconductor ETF (SMH) took the lead. Its inflows of $536 million equaled a 73% jump in its AUM.

The VanEck Vectors Gold Miners ETF (GDX) was another notable winner, with inflows of $357 million.

On the other hand, the iShares MSCI EAFE ETF (EFA), the iShares NASDAQ Biotechnology ETF (IBB) and the SPDR S&P Regional Banking ETF (KRE) headlined the outflows list for the week.

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
IEMGiShares Core MSCI Emerging Markets ETF1,419.3049,672.662.94%
SPYSPDR S&P 500 ETF Trust582.63270,363.200.22%
SMHVanEck Vectors Semiconductor ETF536.301,268.9773.20%
IWDiShares Russell 1000 Value ETF524.2537,547.411.42%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF367.4834,458.881.08%
GDXVanEck Vectors Gold Miners ETF356.738,748.254.25%
XBISPDR S&P BIOTECH ETF341.455,429.986.71%
VTIVanguard Total Stock Market ETF317.36101,770.290.31%
HYGiShares iBoxx USD High Yield Corporate Bond ETF282.4415,804.721.82%
MINTPIMCO Enhanced Short Maturity Active ETF277.249,819.582.91%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
EFAiShares MSCI EAFE ETF-866.8572,426.68-1.18%
XLFFinancial Select Sector SPDR Fund-706.6231,271.80-2.21%
IVViShares Core S&P 500 ETF-662.03152,465.42-0.43%
IWFiShares Russell 1000 Growth ETF-550.3243,053.81-1.26%
IBBiShares NASDAQ Biotechnology ETF-447.009,304.20-4.58%
QQQInvesco QQQ Trust-415.4867,303.81-0.61%
KRESPDR S&P Regional Banking ETF-354.275,197.93-6.38%
XLEEnergy Select Sector SPDR Fund-280.8119,025.31-1.45%
TIPiShares TIPS Bond ETF-279.4923,836.37-1.16%
XLPConsumer Staples Select Sector SPDR Fund-181.458,906.78-2.00%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-143.402,071,870.64-0.01%
International Equity1,287.79807,636.400.16%
U.S. Fixed Income2,031.80579,718.040.35%
International Fixed Income659.2963,718.251.03%
Commodities -169.7762,476.71-0.27%
Currency11.751,151.611.02%
Leveraged51.5236,993.320.14%
Inverse-44.7012,849.96-0.35%
Asset Allocation22.859,416.550.24%
Alternatives0.784,442.220.02%
Total:3,707.903,650,273.700.10%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity49,755.712,071,870.642.40%
International Equity32,743.45807,636.404.05%
U.S. Fixed Income48,656.25579,718.048.39%
International Fixed Income7,374.6563,718.2511.57%
Commodities 726.7662,476.711.16%
Currency-43.371,151.61-3.77%
Leveraged2,886.7836,993.327.80%
Inverse2,309.4112,849.9617.97%
Asset Allocation640.519,416.556.80%
Alternatives168.254,442.223.79%
Total:145,218.403,650,273.703.98%

 

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
DBAWXtrackers MSCI All World ex U.S. Hedged Equity ETF16,78379,284472.40%
TLTEFlexShares Morningstar Emerging Markets Factor Tilt Index47,017173,559369.14%
HDGEAdvisorShares Ranger Equity Bear ETF162,104597,989368.89%
IVALAlpha Architect International Quantitative Value ETF11,48239,544344.40%
RYEInvesco S&P 500 Equal Weight Energy ETF100,716333,981331.61%
FRELFidelity MSCI Real Estate Index ETF430,6021,403,444325.93%
DGLInvesco DB Gold Fund16,87753,621317.71%
IMTBiShares Core 5-10 Year USD Bond ETF4,69914,721313.25%
EEMAiShares MSCI Emerging Markets Asia ETF45,088116,335258.02%
RCDInvesco S&P 500 Equal Weight Consumer Discretionary ETF20,22748,865241.58%

 

 

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.