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.
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 $2.5 billion, respectively, during the period.
The S&P 500 surged from 2,723 last Friday to more than 2,813 on Thursday, before tumbling on Friday due to profit-taking.
For a full list of this week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 ETF Trust | 1,291.88 | 267,684.32 | 0.48% |
| HYG | iShares iBoxx USD High Yield Corporate Bond ETF | 1,072.97 | 15,288.58 | 7.02% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 944.53 | 47,649.40 | 1.98% |
| SHY | iShares 1-3 Year Treasury Bond ETF | 712.77 | 15,772.13 | 4.52% |
| DIA | SPDR Dow Jones Industrial Average ETF Trust | 667.01 | 23,167.15 | 2.88% |
| XLI | Industrial Select Sector SPDR Fund | 666.11 | 12,364.28 | 5.39% |
| IEI | iShares 3-7 Year Treasury Bond ETF | 653.09 | 7,739.90 | 8.44% |
| JNK | SPDR Bloomberg Barclays High Yield Bond ETF | 651.00 | 8,441.63 | 7.71% |
| AGG | iShares Core U.S. Aggregate Bond ETF | 625.10 | 53,019.96 | 1.18% |
| VOO | Vanguard S&P 500 ETF | 577.92 | 103,745.55 | 0.56% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| IVV | iShares Core S&P 500 ETF | -963.14 | 163,419.42 | -0.59% |
| IWM | iShares Russell 2000 ETF | -901.97 | 45,813.68 | -1.97% |
| XLC | Communication Services Select Sector SPDR Fund | -431.47 | 3,329.46 | -12.96% |
| SMH | VanEck Vectors Semiconductor ETF | -322.75 | 957.35 | -33.71% |
| VUG | Vanguard Growth ETF | -297.46 | 36,135.03 | -0.82% |
| KRE | SPDR S&P Regional Banking ETF | -292.13 | 4,204.05 | -6.95% |
| IJR | iShares Core S&P Small Cap ETF | -263.94 | 43,626.98 | -0.60% |
| RSP | Invesco S&P 500 Equal Weight ETF | -255.90 | 14,975.18 | -1.71% |
| FXR | First Trust Industrials/Producer Durables AlphaDEX Fund | -251.76 | 1,277.36 | -19.71% |
| TIP | iShares TIPS Bond ETF | -227.63 | 21,933.47 | -1.04% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 4,402.28 | 2,096,766.57 | 0.21% |
| International Equity | 2,467.87 | 764,387.55 | 0.32% |
| U.S. Fixed Income | 6,494.30 | 566,392.78 | 1.15% |
| International Fixed Income | 532.33 | 66,154.90 | 0.80% |
| Commodities | -225.89 | 61,060.40 | -0.37% |
| Currency | -6.24 | 1,140.52 | -0.55% |
| Leveraged | 66.02 | 37,824.30 | 0.17% |
| Inverse | -81.76 | 12,618.14 | -0.65% |
| Asset Allocation | 24.37 | 9,174.33 | 0.27% |
| Alternatives | 47.45 | 4,704.46 | 1.01% |
| Total: | 13,720.72 | 3,620,223.95 | 0.38% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 99,695.01 | 2,096,766.57 | 4.75% |
| International Equity | 44,047.27 | 764,387.55 | 5.76% |
| U.S. Fixed Income | 64,271.13 | 566,392.78 | 11.35% |
| International Fixed Income | 10,813.75 | 66,154.90 | 16.35% |
| Commodities | -509.26 | 61,060.40 | -0.83% |
| Currency | -39.43 | 1,140.52 | -3.46% |
| Leveraged | 6,627.44 | 37,824.30 | 17.52% |
| Inverse | 1,857.40 | 12,618.14 | 14.72% |
| Asset Allocation | 686.00 | 9,174.33 | 7.48% |
| Alternatives | 321.26 | 4,704.46 | 6.83% |
| Total: | 227,770.57 | 3,620,223.95 | 6.29% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
| RBIN | Nationwide Risk-Based International Equity ETF | 203 | 1,250 | 616.45% |
| FXR | First Trust Industrials/Producer Durables AlphaDEX Fund | 678,041 | 2,406,629 | 354.94% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 52,979 | 187,860 | 354.59% |
| FNK | First Trust Mid Cap Value AlphaDEX Fund | 11,884 | 30,543 | 257.00% |
| FXH | First Trust Health Care AlphaDEX Fund | 330,925 | 811,887 | 245.34% |
| USVM | USAA MSCI USA Small Cap Value Momentum Blend Index ETF | 11,115 | 25,203 | 226.74% |
| IHY | VanEck Vectors International High Yield Bond ETF | 27,262 | 59,055 | 216.62% |
| ANGL | VanEck Vectors Fallen Angel High Yield Bond ETF | 558,288 | 1,170,473 | 209.65% |
| IYLD | iShares Morningstar Multi-Asset Income ETF | 50,033 | 104,757 | 209.37% |
| SMLF | iShares Edge MSCI Multifactor U.S.A. Small-Cap ETF | 37,376 | 73,123 | 195.64% |
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.
