High Grade US Bond ETFs Rake In Assets

The first week of September saw investors continue to look for safety.

Reviewed by: Cinthia Murphy
Edited by: Cinthia Murphy

Investors started the month of September by piling into U.S. fixed-income ETFs, as the stock market continued to sort through a mixed bag of economic indicators both here and abroad.

On the domestic front, the latest read on the jobs market hardly suggested the U.S. economy is soaring, but it was good enough to rekindle expectations that the Federal Reserve might, in fact, deliver its first interest-rate hike this month after some six years.

Those expectations in the face of the ongoing choppy U.S. recovery saw the S&P 500 drop 1.8 percent in the past week ended Thursday, Sept. 3. During that time, U.S. investors showed a strong preference for the relative safety of U.S. fixed-income strategies, particularly shorter-dated high-quality bond funds.

In all, some $6.2 billion landed into U.S. bond ETFs in the past week. Seven out of the 10 most popular ETFs in the past week were U.S. fixed-income strategies, as the table below shows.

Emerging Markets Unloved

What wasn't popular were emerging markets. Concerns about China's economic expansion continued to taint what has already been a difficult year for emerging economies. As a category, international equity ETFs faced outflows of more than $2.1 billion in a week, with the Vanguard FTSE Emerging Market ETF (VWO | B-88) leading the charge, with net redemptions of $1.2 billion. So far in 2015, VWO had slipped more than 17 percent.

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 5013,819.57169,206.112.31%
BILSPDR Barclays 1-3 Month T-Bill872.832,769.2846.02%
SHYiShares 1-3 Year Treasury Bond864.5912,533.447.41%
IEFiShares 7-10 Year Treasury Bond702.788,206.669.37%
TLTiShares 20+ Year Treasury Bond641.866,151.4311.65%
BSVVanguard Short-Term Bond496.5616,685.633.07%
VOOVanguard S&P 500487.6833,900.541.46%
LQDiShares iBoxx $ Investment Grade Corporate Bond471.7721,394.872.25%
SHViShares Short Treasury Bond352.863,660.6310.67%
XLFFinancial Select SPDR326.6417,843.341.86%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
VWOVanguard FTSE Emerging Markets-1,220.3336,986.55-3.19%
XLEEnergy Select SPDR-694.2311,248.53-5.81%
IVViShares Core S&P 500-662.9665,298.12-1.01%
VXXiPath S&P 500 VIX Short-Term Futures ETN-552.68947.91-36.83%
RSPGuggenheim S&P 500 Equal Weight-400.539,317.46-4.12%
EWUiShares MSCI United Kingdom-373.352,776.95-11.85%
USOUnited States Oil-352.262,740.49-11.39%
VTIVanguard Total Stock Market-279.9253,397.60-0.52%
DBEFDeutsche X-trackers MSCI EAFE Hedged Equity ETF-256.7513,341.87-1.89%
UUPPowerShares DB US Dollar Index Bullish-245.181,092.72-18.33%

ETF Weekly Flows By Asset Class

Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity1,534.131,103,677.670.14%
International Equity-2,103.40468,562.76-0.45%
U.S. Fixed Income6,248.49312,961.342.00%
International Fixed Income371.7725,653.891.45%
Asset Allocation-18.775,442.83-0.34%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
% of Average
XTLSPDR S&P Telecom23,28392,100395.56%
CQQQGuggenheim China Technology66,197248,724375.73%
USTProShares Ultra 7-10 Year Treasury56,632201,608356.00%
OSMSBarclays OFI SteelPath MLP ETN59209352.96%
QEMMSPDR MSCI Emerging Markets Quality Mix1,6075,546345.05%
NORWGlobal X MSCI Norway109,175374,024342.59%
MDYVSPDR S&P MidCap 400 Value15,26050,457330.65%
ADRDBLDRS Developed Markets 100 ADR12,47539,690318.14%
FLGECredit Suisse FI Large Cap Growth Enhanced ETN8,65926,928311.00%
FIEUCredit Suisse FI Enhanced Europe 50 ETN11,08034,352310.03%

Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
CVOLC-Tracks Citi Volatility ETN27.25%1,611,3126.69
VXZiPath S&P 500 VIX Mid-Term Futures ETN14.55%5,019,03360.08
VIXMProShares VIX Mid-term14.07%200,22232.79
VIIZVelocityShares VIX Mid Term ETN14.06%25,8670.76
JJEiPath Bloomberg Energy Subindex Total Return ETN12.44%3,0921.34
VIIXVelocityShares VIX Short Term ETN10.79%956,01314.69
VIXYProShares VIX Short-Term10.71%20,879,015114.52
XVZiPath S&P Dynamic VIX ETN10.70%46,12337.04
VXXiPath S&P 500 VIX Short-Term Futures ETN10.56%510,469,039947.91
OILiPath S&P GSCI Crude Oil Total Return ETN10.53%47,416,364909.04

Bottom 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
CNXTMarket Vectors ChinaAMC SME-ChiNext-11.30%436,79229.49
ASHSDeutsche X-trackers Harvest CSI 500 China-A Shares Small Cap ETF-10.20%861,79426.49
BRAFGlobal X Brazil Financials-9.02%73,5090.82
BRAQGlobal X Brazil Consumer-7.97%5,7503.86
CHIMGlobal X China Materials-7.85%5,9001.18
MOTIMarket Vectors Morningstar International Moat ETF -7.64%4,23710.72
HAOGuggenheim China Small Cap-7.42%1,835,485137.31
BRXXEGShares Brazil Infrastructure-7.01%61,3039.18
FXIiShares China Large-Cap-6.94%169,944,3215,615.84
EWAiShares MSCI Australia-6.81%13,900,7811,177.16

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
RODIBarclays Return on Disability ETN0.750.0026.11
DXJHWisdomTree Japan Hedged Health Care0.24-3.0614.33
BBPBioShares Biotechnology Products0.22-4.7527.15
XBISPDR S&P Biotech0.17-4.762,453.31
PSCHPowerShares S&P SmallCap Health Care0.17-1.52268.70
EIRLiShares MSCI Ireland Capped0.17-0.43173.89
EDENiShares MSCI Denmark Capped0.160.1748.82
MOMQuantShares U.S. Market Neutral Momentum0.15-0.911.32
GRNiPath Global Carbon ETN0.148.232.46
PKBPowerShares Dynamic Building & Construction0.120.8354.27

Bottom 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
GAZiPath Bloomberg Natural Gas Subindex Total Return ETN-0.44-2.1711.14
BRFMarket Vectors Brazil Small-Cap-0.43-5.2368.72
EWZSiShares MSCI Brazil Small-Cap-0.42-4.4026.43
BRXXEGShares Brazil Infrastructure-0.42-5.039.18
BRAQGlobal X Brazil Consumer-0.39-7.973.86
KOLMarket Vectors Coal-0.39-2.7059.94
IDXJMarket Vectors Indonesia Small Cap-0.39-3.795.71
FCGFirst Trust ISE-Revere Natural Gas-0.380.00188.78
JJNiPath Bloomberg Nickel Subindex Total Return ETN-0.38-2.586.34
FBZFirst Trust Brazil AlphaDex-0.38-5.951.96

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.

Cinthia Murphy is head of digital experience, advocating for the user in all that etf.com does. She previously served as managing editor and writer for etf.com, specializing in ETF content and multimedia. Cinthia’s experience includes time at Dow Jones and former BridgeNews, covering commodity futures markets in Chicago and Brazil equities in Sao Paulo. She has a bachelor’s degree in journalism from the University of Missouri-Columbia.