'GLD' & Junk Bonds Top Weekly Inflows
'GLD' and the two largest junk bond ETFs each had inflows of more than $1.1 billion in the week ending, Thursday, March 3.
A strong week for stock markets fueled $8.2 billion in inflows into U.S.-listed exhange-traded funds in the week ending Thursday, Mar 3.
The world's largest ETF by assets, the SPDR S&P 500 (SPY | A-98), took the top spot in terms of inflows, with $1.8 billion. However, its take wasn't the most impressive.
GLD & Junk Bond Lead
That title belongs to the SPDR Gold Trust (GLD | A-100), with its $1.3 billion in inflows. Week after week this year, investors have plowed enormous sums into the safe-haven gold ETF, and the past week was no exception.
Also impressive were the inflows into the two largest junk bond ETFs, the SPDR Barclays High Yield Bond ETF (JNK | C-68) and the iShares iBoxx $ High Yield Corporate Bond ETF (HYG | B-68), of more than $1.1 billion each.
All told, U.S. fixed-income ETFs had inflows of $2.5 billion in the week, which, combined with the $1.6 billion into commodity ETFs and $4.2 billion into U.S. equity ETFs, provided the bulk of the flows in the period.
Short-Term Treasury ETFs Lose
However, it wasn't all good for bond funds. While risky junk ETFs were in favor, safe-haven Treasury ETFs―particularly those focused on short-term maturities―were big losers.
The iShares Short Treasury Bond ETF (SHV | A-97) and the PIMCO Enhanced Short Maturity Strategy ETF (MINT | B ) had outflows of $1.22 billion and $422 million, respectively.
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 | 1,756.09 | 176,723.67 | 1.00% |
| GLD | SPDR Gold | 1,313.13 | 31,879.45 | 4.30% |
| JNK | SPDR Barclays High Yield Bond | 1,163.79 | 11,013.02 | 11.82% |
| HYG | iShares iBoxx $ High Yield Corporate Bond | 1,127.43 | 16,150.05 | 7.50% |
| EMB | iShares J.P. Morgan USD Emerging Markets Bond | 567.86 | 4,733.25 | 13.63% |
| VCIT | Vanguard Intermediate-Term Corporate Bond | 540.56 | 7,244.83 | 8.06% |
| TIP | iShares TIPS Bond | 528.96 | 15,646.75 | 3.50% |
| AGG | iShares Core U.S. Aggregate Bond | 448.79 | 33,138.43 | 1.37% |
| XLF | Financial Select SPDR | 425.16 | 16,501.90 | 2.64% |
| IVV | iShares Core S&P 500 | 312.44 | 67,907.18 | 0.46% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SHV | iShares Short Treasury Bond | -1,224.01 | 4,609.70 | -20.98% |
| MINT | PIMCO Enhanced Short Maturity Strategy | -422.39 | 4,238.09 | -9.06% |
| IEI | iShares 3-7 Year Treasury Bond | -374.80 | 6,351.52 | -5.57% |
| SHY | iShares 1-3 Year Treasury Bond | -330.87 | 12,711.52 | -2.54% |
| SH | ProShares Short S&P 500 | -256.22 | 2,362.98 | -9.78% |
| EZU | iShares MSCI Eurozone | -251.73 | 12,887.10 | -1.92% |
| XLP | Consumer Staples Select SPDR | -233.84 | 9,523.89 | -2.40% |
| ITE | SPDR Barclays Intermediate Term Treasury | -230.63 | 589.31 | -28.13% |
| ULST | SPDR SSgA Ultra Short Term Bond | -179.70 | 13.98 | -92.78% |
| VOO | Vanguard S&P 500 | -177.07 | 41,455.12 | -0.43% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 4,170.52 | 1,120,405.99 | 0.37% |
| International Equity | -557.94 | 443,622.06 | -0.13% |
| U.S. Fixed Income | 2,472.61 | 349,247.60 | 0.71% |
| International Fixed Income | 660.25 | 28,448.67 | 2.32% |
| Commodities | 1,582.06 | 56,972.58 | 2.78% |
| Currency | 38.02 | 1,362.51 | 2.79% |
| Leveraged | -194.79 | 21,926.32 | -0.89% |
| Inverse | -45.13 | 19,104.07 | -0.24% |
| Asset Allocation | 28.11 | 5,249.61 | 0.54% |
| Alternatives | 98.92 | 2,979.67 | 3.32% |
| Total: | 8,252.63 | 2,049,319.09 | 0.40% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
| RGI | Guggenheim S&P 500 Equal Weight Industrials | 16,598 | 53,445 | 322.00% |
| PALL | ETFS Physical Palladium | 27,127 | 65,471 | 241.35% |
| FXO | First Trust Financials AlphaDEX | 485,895 | 860,360 | 177.07% |
| EIS | iShares MSCI Israel Capped | 36,448 | 64,239 | 176.25% |
| DBAW | Deutsche X-trackers MSCI All World ex US Hedged Equity ETF | 45,246 | 79,745 | 176.25% |
| CORN | Teucrium Corn | 27,592 | 55,808 | 202.26% |
| SCPB | SPDR Barclays Short Term Corporate Bond | 1,064,555 | 1,750,806 | 164.46% |
| TTFS | AdvisorShares TrimTabs Float Shrink | 23,042 | 37,539 | 162.92% |
| LOWC | SPDR MSCI ACWI Low Carbon Target | 732 | 950 | 129.69% |
| DBKO | Deutsche X-trackers MSCI South Korea Hedged Equity ETF | 187,017 | 222,613 | 119.03% |
Disclaimer: All data is from FactSet, 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.
