Fixed Income Flows Bounce Back

Weekly inflows for U.S. and int’l fixed-income ETFs totaled $7 billion+ during the week ending Nov. 8.

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

Fixed-income ETFs are rolling again after registering their first monthly outflow in three years in October. This week, the segment pulled in a strong $7 billion, equal to half of the week’s total net inflows of $13.7 billion. Year-to-date inflows for all ETFs now stand at $227.8 billion.

ETFs that were shunned last month, such as the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) and the SPDR Bloomberg Barclays High Yield Bond ETF (JNK), saw a resurgence of interest as investors’ appetite for risk bounced back.

In addition to junk bond ETFs, investors liked the iShares 1-3 Year Treasury Bond ETF (SHY), the iShares 3-7 Year Treasury Bond ETF (IEI) and the iShares Core U.S. Aggregate Bond ETF (AGG). Each had weekly inflows of more than $625 million.

The benchmark U.S. 10-year Treasury yield slipped from 3.21% to 3.19% week-over-week (bond prices and interest rates move inversely).

Equity ETFs

In addition to fixed-income ETFs, U.S. and international equity ETFs also garnered favor this week. The segments took in $4.4 billion and $2.5 billion, respectively, during the period.

The S&P 500 surged from 2,723 last Friday to more than 2,813 on Thursday, before tumbling on Friday due to profit-taking.

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
SPYSPDR S&P 500 ETF Trust1,291.88267,684.320.48%
HYGiShares iBoxx USD High Yield Corporate Bond ETF1,072.9715,288.587.02%
IEMGiShares Core MSCI Emerging Markets ETF944.5347,649.401.98%
SHYiShares 1-3 Year Treasury Bond ETF712.7715,772.134.52%
DIASPDR Dow Jones Industrial Average ETF Trust667.0123,167.152.88%
XLIIndustrial Select Sector SPDR Fund666.1112,364.285.39%
IEIiShares 3-7 Year Treasury Bond ETF653.097,739.908.44%
JNKSPDR Bloomberg Barclays High Yield Bond ETF651.008,441.637.71%
AGGiShares Core U.S. Aggregate Bond ETF625.1053,019.961.18%
VOOVanguard S&P 500 ETF577.92103,745.550.56%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
IVViShares Core S&P 500 ETF-963.14163,419.42-0.59%
IWMiShares Russell 2000 ETF-901.9745,813.68-1.97%
XLCCommunication Services Select Sector SPDR Fund-431.473,329.46-12.96%
SMHVanEck Vectors Semiconductor ETF-322.75957.35-33.71%
VUGVanguard Growth ETF-297.4636,135.03-0.82%
KRESPDR S&P Regional Banking ETF-292.134,204.05-6.95%
IJRiShares Core S&P Small Cap ETF-263.9443,626.98-0.60%
RSPInvesco S&P 500 Equal Weight ETF-255.9014,975.18-1.71%
FXRFirst Trust Industrials/Producer Durables AlphaDEX Fund-251.761,277.36-19.71%
TIPiShares TIPS Bond ETF-227.6321,933.47-1.04%

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity4,402.282,096,766.570.21%
International Equity2,467.87764,387.550.32%
U.S. Fixed Income6,494.30566,392.781.15%
International Fixed Income532.3366,154.900.80%
Commodities -225.8961,060.40-0.37%
Currency-6.241,140.52-0.55%
Leveraged66.0237,824.300.17%
Inverse-81.7612,618.14-0.65%
Asset Allocation24.379,174.330.27%
Alternatives47.454,704.461.01%
Total:13,720.723,620,223.950.38%

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity99,695.012,096,766.574.75%
International Equity44,047.27764,387.555.76%
U.S. Fixed Income64,271.13566,392.7811.35%
International Fixed Income10,813.7566,154.9016.35%
Commodities -509.2661,060.40-0.83%
Currency-39.431,140.52-3.46%
Leveraged6,627.4437,824.3017.52%
Inverse1,857.4012,618.1414.72%
Asset Allocation686.009,174.337.48%
Alternatives321.264,704.466.83%
Total:227,770.573,620,223.956.29%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
RBINNationwide Risk-Based International Equity ETF2031,250616.45%
FXRFirst Trust Industrials/Producer Durables AlphaDEX Fund678,0412,406,629354.94%
EEMAiShares MSCI Emerging Markets Asia ETF52,979187,860354.59%
FNKFirst Trust Mid Cap Value AlphaDEX Fund11,88430,543257.00%
FXHFirst Trust Health Care AlphaDEX Fund330,925811,887245.34%
USVMUSAA MSCI USA Small Cap Value Momentum Blend Index ETF11,11525,203226.74%
IHYVanEck Vectors International High Yield Bond ETF27,26259,055216.62%
ANGLVanEck Vectors Fallen Angel High Yield Bond ETF558,2881,170,473209.65%
IYLDiShares Morningstar Multi-Asset Income ETF50,033104,757209.37%
SMLFiShares Edge MSCI Multifactor U.S.A. Small-Cap ETF37,37673,123195.64%

 

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.