'GLD' & Junk Bonds Top Weekly Inflows

'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.

ETF.com
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Reviewed by: etf.com Staff
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Edited by: etf.com Staff

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)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 5001,756.09176,723.671.00%
GLDSPDR Gold1,313.1331,879.454.30%
JNKSPDR Barclays High Yield Bond1,163.7911,013.0211.82%
HYGiShares iBoxx $ High Yield Corporate Bond1,127.4316,150.057.50%
EMBiShares J.P. Morgan USD Emerging Markets Bond567.864,733.2513.63%
VCITVanguard Intermediate-Term Corporate Bond540.567,244.838.06%
TIPiShares TIPS Bond528.9615,646.753.50%
AGGiShares Core U.S. Aggregate Bond448.7933,138.431.37%
XLFFinancial Select SPDR425.1616,501.902.64%
IVViShares Core S&P 500312.4467,907.180.46%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SHViShares Short Treasury Bond-1,224.014,609.70-20.98%
MINTPIMCO Enhanced Short Maturity Strategy-422.394,238.09-9.06%
IEIiShares 3-7 Year Treasury Bond-374.806,351.52-5.57%
SHYiShares 1-3 Year Treasury Bond-330.8712,711.52-2.54%
SHProShares Short S&P 500-256.222,362.98-9.78%
EZUiShares MSCI Eurozone-251.7312,887.10-1.92%
XLPConsumer Staples Select SPDR-233.849,523.89-2.40%
ITESPDR Barclays Intermediate Term Treasury-230.63589.31-28.13%
ULSTSPDR SSgA Ultra Short Term Bond-179.7013.98-92.78%
VOOVanguard S&P 500-177.0741,455.12-0.43%

ETF Weekly Flows By Asset Class

Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity4,170.521,120,405.990.37%
International Equity-557.94443,622.06-0.13%
U.S. Fixed Income2,472.61349,247.600.71%
International Fixed Income660.2528,448.672.32%
Commodities1,582.0656,972.582.78%
Currency38.021,362.512.79%
Leveraged-194.7921,926.32-0.89%
Inverse-45.1319,104.07-0.24%
Asset Allocation28.115,249.610.54%
Alternatives98.922,979.673.32%
Total:8,252.632,049,319.090.40%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
RGIGuggenheim S&P 500 Equal Weight Industrials16,59853,445322.00%
PALLETFS Physical Palladium27,12765,471241.35%
FXOFirst Trust Financials AlphaDEX485,895860,360177.07%
EISiShares MSCI Israel Capped36,44864,239176.25%
DBAWDeutsche X-trackers MSCI All World ex US Hedged Equity ETF45,24679,745176.25%
CORNTeucrium Corn27,59255,808202.26%
SCPBSPDR Barclays Short Term Corporate Bond1,064,5551,750,806164.46%
TTFSAdvisorShares TrimTabs Float Shrink23,04237,539162.92%
LOWCSPDR MSCI ACWI Low Carbon Target732950129.69%
DBKODeutsche X-trackers MSCI South Korea Hedged Equity ETF187,017222,613119.03%

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.

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