Fixed Income ETFs Top Weekly Inflows
Investors added $7.6 billion to U.S.-listed ETFs last week.
Investors continued to tiptoe into U.S.-listed ETFs last week, and they were particularly fond of U.S. fixed income ETFs. On net, $7.6 billion flowed into ETFs during the week ending July 15. Of that amount, over 90%—$6.9 billion—went into U.S. fixed income ETFs, followed by $872 million going into U.S. equity ETFs and $768 million allocated to international equity ETFs.
On the other hand, investors pulled $1.4 billion and $473 million, respectively, out of commodity and international fixed income ETFs.
After accounting for last week’s flows, year-to-date inflows now stand at $318.8 billion, and total assets under management in all U.S.-listed ETFs stands at $6.2 trillion. That compares with $498.1 billion and $6.57 trillion, respectively, at the same time a year ago.
‘GOVT’ Tops Inflows
Taking a look at individual funds, the iShares U.S. Treasury Bond ETF (GOVT) topped all ETFs, with weekly inflows of $2.4 billion. The fund tracks the entire fixed-rate Treasury bond market excluding those securities with maturities of less than a year.
Treasuries were a mixed bag last week. Yields on longer maturities stayed near recent lows amid recession fears, while those on shorter maturities continued to edge up in anticipation of aggressive Fed hikes in the coming months (bond prices and yields move inversely).
The iShares 10-20 Year Treasury Bond ETF (TLH), the iShares 20+ Year Treasury Bond ETF (TLT) and the Schwab Short-Term U.S. Treasury ETF (SCHO) were three other Treasury-focused ETFs that found themselves on the weekly top 10 list.
GLD Flows Sag With Gold Prices
Meanwhile, on the outflows side of the ledger, the SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) topped the list, with redemptions of $1.4 billion.
It was followed by the SPDR S&P 500 ETF Trust (SPY) and the iShares Russell 2000 ETF (IWM), which had outflows of $1 billion apiece.
The S&P 500 stayed within its range last week, fluctuating between 3,800 on the downside and 3,900 on the upside.
The SPDR Gold Trust (GLD) also made an appearance on the weekly top outflows list. Investors pulled nearly $500 million out of the fund as spot gold prices dipped to $1,700/oz, the lowest level since March 2020.
A sharp rally in the U.S. dollar to 20-year highs has taken a toll on gold.
For a full list of the top inflows and outflows from last week, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| GOVT | iShares U.S. Treasury Bond ETF | 2,406.51 | 20,289.06 | 11.86% |
| QQQ | Invesco QQQ Trust | 2,187.81 | 158,724.26 | 1.38% |
| TLH | iShares 10-20 Year Treasury Bond ETF | 1,984.09 | 4,379.60 | 45.30% |
| VCIT | Vanguard Intermediate-Term Corporate Bond ETF | 981.52 | 41,158.93 | 2.38% |
| TLT | iShares 20+ Year Treasury Bond ETF | 967.56 | 21,877.28 | 4.42% |
| VOO | Vanguard S&P 500 ETF | 955.72 | 247,072.24 | 0.39% |
| SCHO | Schwab Short-Term U.S. Treasury ETF | 902.93 | 9,793.74 | 9.22% |
| JNK | SPDR Bloomberg High Yield Bond ETF | 586.58 | 6,743.43 | 8.70% |
| XLV | Health Care Select Sector SPDR Fund | 564.52 | 37,990.65 | 1.49% |
| VTI | Vanguard Total Stock Market ETF | 528.69 | 245,859.06 | 0.22% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| BIL | SPDR Bloomberg 1-3 Month T-Bill ETF | -1,435.07 | 19,364.29 | -7.41% |
| SPY | SPDR S&P 500 ETF Trust | -1,005.50 | 342,458.70 | -0.29% |
| IWM | iShares Russell 2000 ETF | -1,001.42 | 49,303.20 | -2.03% |
| XLF | Financial Select Sector SPDR Fund | -965.42 | 27,301.35 | -3.54% |
| VB | Vanguard Small-Cap ETF | -794.60 | 38,155.44 | -2.08% |
| HYG | iShares iBoxx USD High Yield Corporate Bond ETF | -614.70 | 13,610.09 | -4.52% |
| XLY | Consumer Discretionary Select Sector SPDR Fund | -563.33 | 13,727.41 | -4.10% |
| GLD | SPDR Gold Trust | -497.53 | 55,451.00 | -0.90% |
| USFR | WisdomTree Floating Rate Treasury Fund | -412.06 | 7,143.77 | -5.77% |
| VTIP | Vanguard Short-Term Inflation-Protected Securities ETF | -395.95 | 20,449.88 | -1.94% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 872.13 | 3,616,887.73 | 0.02% |
| International Equity | 767.62 | 1,070,990.71 | 0.07% |
| U.S. Fixed Income | 6,887.43 | 1,087,953.06 | 0.63% |
| International Fixed Income | -472.89 | 136,236.56 | -0.35% |
| Commodities | -1,411.46 | 139,715.94 | -1.01% |
| Currency | 149.03 | 4,074.49 | 3.66% |
| Leveraged | -33.61 | 43,280.06 | -0.08% |
| Inverse | 784.79 | 23,543.71 | 3.33% |
| Asset Allocation | 27.38 | 17,124.31 | 0.16% |
| Alternatives | 10.37 | 7,752.09 | 0.13% |
| Total: | 7,580.79 | 6,147,558.64 | 0.12% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 128,328.82 | 3,616,887.73 | 3.55% |
| International Equity | 66,277.57 | 1,070,990.71 | 6.19% |
| U.S. Fixed Income | 80,013.95 | 1,087,953.06 | 7.35% |
| International Fixed Income | 3,710.20 | 136,236.56 | 2.72% |
| Commodities | 10,046.51 | 139,715.94 | 7.19% |
| Currency | 1,594.88 | 4,074.49 | 39.14% |
| Leveraged | 18,577.61 | 43,280.06 | 42.92% |
| Inverse | 8,360.56 | 23,543.71 | 35.51% |
| Asset Allocation | 749.72 | 17,124.31 | 4.38% |
| Alternatives | 1,164.73 | 7,752.09 | 15.02% |
| Total: | 318,824.55 | 6,147,558.64 | 5.19% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| MSOS | AdvisorShares Pure US Cannabis ETF | 8.97% | 6,046,167 | 592.15 |
| YOLO | AdvisorShares Pure Cannabis ETF | 7.25% | 184,495 | 78.37 |
| PBUG | Pacer iPath Gold Trendpilot ETN | 6.92% | 3,118 | 22.25 |
| WEED | Roundhill Cannabis ETF | 6.41% | 6,788 | 1.47 |
| MJUS | ETFMG U.S. Alternative Harvest ETF | 5.76% | 23,069 | 2.39 |
| GBUG | Pacer iPath Gold ETN | 5.61% | 7,556 | 33.85 |
| XDNA | Kelly CRISPR & Gene Editing Technology ETF | 4.95% | 19,558 | 1.20 |
| SBUG | iPath Silver ETN | 4.76% | 5,812 | 10.64 |
| CNBS | Amplify Seymour Cannabis ETF | 4.00% | 92,093 | 43.79 |
| MJ | ETFMG Alternative Harvest ETF | 3.33% | 4,064,115 | 390.10 |
Top 10 YTD Performers
| Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
| UNG | United States Natural Gas Fund LP | 81.75% | 3.04% | 473.52 |
| GAZ | iPath Series B Bloomberg Natural Gas Subindex Total Return ETN | 80.27% | 2.50% | 24.04 |
| UNL | United States 12 Month Natural Gas Fund LP | 75.76% | 3.10% | 38.84 |
| JJE | iPath Series B Bloomberg Energy Subindex Total Return ETN | 55.60% | -2.09% | 7.54 |
| RJN | Elements Rogers International Commodity Index-Energy TR ETN | 55.30% | -4.21% | 12.45 |
| PFIX | Simplify Interest Rate Hedge ETF | 49.39% | -2.82% | 293.74 |
| UGA | United States Gasoline Fund LP | 48.65% | -8.09% | 119.01 |
| BNO | United States Brent Oil Fund LP | 42.71% | -6.52% | 221.26 |
| DBE | Invesco DB Energy Fund | 41.51% | -5.59% | 234.10 |
| USO | United States Oil Fund LP | 34.01% | -6.88% | 2,381.02 |
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.
