Fixed Income Leads Weekly ETF Inflows
Year-to-date inflows ticked up to nearly $138 billion.
Another strong week of gains for U.S. stocks helped bolster weekly ETF inflows, but the majority of fresh assets flowed into fixed income products. On net, $6.7 billion of new money entered U.S.-listed ETFs during the week ending Thursday, May 28. That pushed year-to-date inflows up to $137.9 billion, ahead of the $66.9 billion seen at this same time last year.
Of this week's inflows, $1.5 billion headed for U.S. equity ETFs like the iShares Core S&P 500 ETF (IVV) and the iShares Core Dividend Growth ETF (DGRO). A fresh three-month high in the S&P 500 lent confidence to investors, who have now bid U.S. stocks up to just 10% below their all-time highs from February.
That confidence also extended to corporate bond ETFs, where investors and the Fed have been making purchases. About $1.7 billion went into the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) and $1.1 billion flowed into the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD) this week.
In the latest snapshot of its holdings, the Federal Reserve mentioned that it had purchased $3 billion of corporate bond ETFs, up from $1.8 billion last week.
Outflows From Custom Products
Meanwhile, on the outflows side, the Credit Suisse FI Large Cap Growth Enhanced ETN (FLGE), the Large Cap Growth Index-Linked ETN (FRLG) and the UBS AG FI Enhanced Large Cap Growth ETN (FBGX) each saw significant outflows, totaling more than $3.6 billion. The three are bespoke products created for Fisher Asset Management and offer 2x leveraged exposure to the Russell 1000.
For a full list of this week's top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| HYG | iShares iBoxx USD High Yield Corporate Bond ETF | 1,707.50 | 24,444.18 | 6.99% |
| LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | 1,093.50 | 48,998.00 | 2.23% |
| IVV | iShares Core S&P 500 ETF | 1,068.43 | 189,632.30 | 0.56% |
| DGRO | iShares Core Dividend Growth ETF | 904.86 | 10,478.82 | 8.64% |
| XLF | Financial Select Sector SPDR Fund | 774.63 | 18,476.47 | 4.19% |
| AGG | iShares Core U.S. Aggregate Bond ETF | 773.02 | 72,261.63 | 1.07% |
| XLI | Industrial Select Sector SPDR Fund | 623.83 | 8,346.12 | 7.47% |
| VOO | Vanguard S&P 500 ETF | 552.64 | 138,632.20 | 0.40% |
| VCSH | Vanguard Short-Term Corporate Bond ETF | 455.67 | 26,044.25 | 1.75% |
| VUG | Vanguard Growth ETF | 441.79 | 52,125.15 | 0.85% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 ETF Trust | -2,684.72 | 266,946.20 | -1.01% |
| FLGE | Credit Suisse FI Large Cap Growth Enhanced ETN | -1,481.74 | 338.29 | -438.01% |
| FRLG | Large Cap Growth Index-Linked ETN | -1,320.79 | 162.51 | -812.75% |
| QQQ | Invesco QQQ Trust | -986.02 | 107,914.76 | -0.91% |
| FBGX | UBS AG FI Enhanced Large Cap Growth ETN | -812.60 | 522.62 | -155.48% |
| EFA | iShares MSCI EAFE ETF | -778.29 | 44,786.77 | -1.74% |
| IWM | iShares Russell 2000 ETF | -515.59 | 38,050.48 | -1.36% |
| XLU | Utilities Select Sector SPDR Fund | -425.34 | 11,121.56 | -3.82% |
| IGV | iShares Expanded Tech-Software Sector ETF | -387.16 | 3,890.76 | -9.95% |
| SHV | iShares Short Treasury Bond ETF | -376.73 | 24,763.78 | -1.52% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 1,528.45 | 2,386,447.06 | 0.06% |
| International Equity | -945.05 | 740,898.27 | -0.13% |
| U.S. Fixed Income | 7,412.14 | 832,758.31 | 0.89% |
| International Fixed Income | 466.17 | 88,168.09 | 0.53% |
| Commodities ETFs | 786.99 | 112,649.45 | 0.70% |
| Currency | -11.45 | 2,005.65 | -0.57% |
| Leveraged | -2,922.31 | 32,483.05 | -9.00% |
| Inverse | 267.37 | 17,123.02 | 1.56% |
| Asset Allocation | 234.91 | 9,463.98 | 2.48% |
| Alternatives | -81.70 | 4,446.61 | -1.84% |
| Total: | 6,735.51 | 4,226,443.50 | 0.16% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 53,877.98 | 2,386,447.06 | 2.26% |
| International Equity | -18,341.88 | 740,898.27 | -2.48% |
| U.S. Fixed Income | 58,983.45 | 832,758.31 | 7.08% |
| International Fixed Income | 1,136.04 | 88,168.09 | 1.29% |
| Commodities ETFs | 27,876.83 | 112,649.45 | 24.75% |
| Currency | 694.70 | 2,005.65 | 34.64% |
| Leveraged | 3,196.18 | 32,483.05 | 9.84% |
| Inverse | 11,673.94 | 17,123.02 | 68.18% |
| Asset Allocation | 226.79 | 9,463.98 | 2.40% |
| Alternatives | -1,381.92 | 4,446.61 | -31.08% |
| Total: | 137,942.11 | 4,226,443.50 | 3.26% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
| FFIU | UVA Unconstrained Medium-Term Fixed Income ETF | 10,277 | 67,924 | 660.96% |
| AVDV | Avantis International Small Cap Value ETF | 44,473 | 281,246 | 632.40% |
| HERO | Global X Video Games & Esports ETF | 121,719 | 602,949 | 495.36% |
| USSG | Xtrackers MSCI U.S.A. ESG Leaders Equity ETF | 611,177 | 2,716,955 | 444.54% |
| VFMV | Vanguard U.S. Minimum Volatility ETF | 10,374 | 38,495 | 371.09% |
| FLLV | Franklin Liberty U.S. Low Volatility ETF | 21,256 | 71,808 | 337.83% |
| MDYG | SPDR S&P 400 Mid Cap Growth ETF | 483,162 | 1,497,694 | 309.98% |
| TPYP | Tortoise North American Pipeline Fund | 203,399 | 617,230 | 303.46% |
| PJAN | Innovator S&P 500 Power Buffer ETF - January | 32,863 | 105,013 | 319.55% |
| IBDD | iShares iBonds Mar 2023 Term Corporate ETF | 7,261 | 19,094 | 262.98% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| MLTI | Credit Suisse X-Links Multi-Asset High Income ETN | 49.76% | 2,706 | 5.47 |
| JETS | US Global Jets ETF | 16.72% | 21,741,010 | 951.42 |
| KRE | SPDR S&P Regional Banking ETF | 16.26% | 42,071,091 | 1,125.40 |
| KBWB | Invesco KBW Bank ETF | 15.86% | 6,157,339 | 493.51 |
| KBE | SPDR S&P Bank ETF | 15.71% | 12,981,258 | 1,345.35 |
| IAT | iShares U.S. Regional Banks ETF | 15.70% | 668,536 | 237.42 |
| FBZ | First Trust Brazil AlphaDEX Fund | 15.68% | 36,421 | 7.73 |
| KBWR | Invesco KBW Regional Banking ETF | 15.24% | 28,269 | 34.91 |
| FTXO | First Trust Nasdaq Bank ETF | 14.92% | 220,478 | 68.40 |
| QABA | First Trust NASDAQ ABA Community Bank Index Fund | 14.69% | 74,377 | 77.31 |
Top 10 YTD Performers
| Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
| VXX | iPath Series B S&P 500 VIX Short Term Futures ETN | 128.04% | -3.49% | 670.60 |
| VIIX | VelocityShares Daily Long VIX Short-Term ETN | 127.07% | -3.50% | 49.32 |
| VIXY | ProShares VIX Short-Term Futures ETF | 126.95% | -3.55% | 171.82 |
| XVZ | iPath S&P 500 Dynamic VIX ETN | 93.01% | -1.22% | 5.92 |
| VIXM | ProShares VIX Mid-Term Futures ETF | 87.18% | -2.33% | 61.03 |
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | 85.96% | -2.12% | 26.91 |
| GRNTF | iPath Global Carbon ETN | 74.64% | 0.00% | 4.90 |
| ARKG | ARK Genomic Revolution ETF | 35.11% | -6.88% | 1,038.43 |
| CLIX | ProShares Long Online/Short Stores ETF | 34.63% | -6.33% | 172.66 |
| WCLD | WisdomTree Cloud Computing Fund | 31.51% | -2.40% | 152.47 |
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.
