Junk Bond ETFs & Stocks In Favor In Bullish Week

Corporate bond ETFs gained billions in assets as risk appetite returned to financial markets in the week-ending Thursday, Oct. 8.

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

Stock and bond ETFs saw big inflows in a bullish week for financial markets. The S&P 500 surged higher all week long, bringing its month-to-date gains to more than 5 percent. Unsurprisingly, the SPDR S&P 500 (SPY | A-99) was one of the top asset gainers, bringing in $1.6 billion in the week.

However, edging out SPY for the top spot was a bond fund: the SPDR Barclays High Yield Bond ETF (JNK | B-68). Junk bond ETFs were hammered in September, but with stocks rising and risk appetite returning, they found themselves in favor this week.

Some yield-hungry investors may have found the sector attractive after the release of the Fed minutes earlier this week suggested that the central bank was more concerned with global growth than thought, and that it may refrain from hiking interest rates through the end of the year.

JNK wasn't the only high-yield bond ETF to do well. The iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD | A-77) and the iShares iBoxx $ High Yield Corporate Bond ETF (HYG | B-64) followed closely behind, with inflows of $845 million and $687 million, respectively.

Overall, U.S. fixed-income ETFs had inflows of nearly $6 billion, making them the most popular category of the week ending Thursday, Oct. 8. U.S. equity ETFs were the next most popular, with $2.4 billion in net inflows, and international equity ETFs were third, with a net $2.1 billion.

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
JNKSPDR Barclays High Yield Bond1,560.0010,853.0916.79%
SPYSPDR S&P 5001,556.06176,355.460.89%
LQDiShares iBoxx $ Investment Grade Corporate Bond845.1723,069.353.80%
HYGiShares iBoxx $ High Yield Corporate Bond686.9913,570.515.33%
IWMiShares Russell 2000476.4426,746.341.81%
VOOVanguard S&P 500433.0436,742.441.19%
IEFiShares 7-10 Year Treasury Bond409.879,747.384.39%
ACWXiShares MSCI ACWI ex U.S.343.152,266.0017.85%
EFAiShares MSCI EAFE320.2756,887.300.57%
BILSPDR Barclays 1-3 Month T-Bill315.283,381.2110.28%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
VBKVanguard Small-Cap Growth-403.174,423.98-8.35%
IBBiShares Nasdaq Biotechnology-387.757,932.07-4.66%
QLTAiShares Aaa - A Rated Corporate Bond-302.0589.39-77.16%
EWGiShares MSCI Germany-179.865,936.58-2.94%
AMLPAlerian MLP-179.477,834.56-2.24%
IWOiShares Russell 2000 Growth-159.486,505.22-2.39%
EUMProShares Short MSCI Emerging Markets-147.57373.74-28.31%
XLEEnergy Select SPDR-145.7512,440.12-1.16%
UPROProShares UltraPro S&P 500-143.18956.23-13.02%
XLKTechnology Select SPDR-141.5411,739.68-1.19%

ETF Weekly Flows By Asset Class

Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity2,398.601,208,849.330.20%
International Equity2,110.22476,215.110.44%
U.S. Fixed Income5,972.09320,867.311.86%
International Fixed Income3.2230,938.170.01%
Commodities80.4051,459.530.16%
Currency25.661,315.061.95%
Leveraged-685.641,480,837.82-0.05%
Inverse3.191,308,343.160.00%
Asset Allocation-1.635,285.04-0.03%
Alternatives251.396,821,085.120.00%
Total:10,157.5011,705,195.640.09%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
QLTAiShares Aaa - A Rated Corporate Bond235,4531,314,127558.13%
ITIPiShares International Inflation-Linked Bond25,790130,835507.30%
CEWWisdomTree Emerging Currency58,851297,807506.03%
PTFPowerShares DWA Technology Momentum119,036587,199493.30%
PRNPowerShares DWA Industrials Momentum106,737466,978437.50%
EFOProShares Ultra MSCI EAFE5,50122,878415.90%
EPSWisdomTree Earnings 50011,51243,372376.77%
NFLTVirtus Newfleet Multi-Sector Unconstrained Bond52,189188,303360.81%
SCPBSPDR Barclays Short Term Corporate Bond1,152,6793,785,259328.39%
IELGiShares Enhanced U.S. Large-Cap14,72347,245320.90%

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
FCGFirst Trust ISE-Revere Natural Gas30.50%11,954,762215.87
PSCEPowerShares S&P SmallCap Energy29.54%109,91543.37
XESSPDR S&P Oil & Gas Equipment & Services24.63%5,795,117219.99
COPXGlobal X Copper Miners22.99%464,38620.09
XOPSPDR S&P Oil & Gas Exploration & Production21.71%89,706,5971,897.80
CUFirst Trust ISE Global Copper21.28%85,26715.72
FRAKMarket Vectors Unconventional Oil & Gas21.07%125,37250.28
FXNFirst Trust Energy AlphaDEX20.96%2,473,852264.22
IOILIQ Global Oil Small Cap20.80%5,2533.42
EIDOiShares MSCI Indonesia20.68%4,600,554258.19

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
CVOLC-Tracks Citi Volatility ETN-32.01%1,215,3333.75
VIIXVelocityShares VIX Short Term ETN-16.08%940,2258.63
VIXYProShares VIX Short-Term-16.00%16,146,87591.14
VXZiPath S&P 500 VIX Mid-Term Futures ETN-10.60%3,617,90956.00
VIXMProShares VIX Mid-term-10.31%232,32327.82
VIIZVelocityShares VIX Mid Term ETN-8.19%5,8910.65
NGEGlobal X MSCI Nigeria -2.89%355,02526.75
ALFAAlphaClone Alternative Alpha-2.76%267,529178.02
BTALQuantShares U.S. Market Neutral Anti-Beta-2.73%18,5197.19
ZROZPIMCO 25+ Year Zero Coupon U.S. Treasury-2.60%119,961184.99

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
CNXTMarket Vectors ChinaAMC SME-ChiNext0.274.1535.80
EDENiShares MSCI Denmark Capped0.192.3759.71
RSXMarket Vectors Russia0.1811.051,943.92
ERUSiShares MSCI Russia Capped0.1712.41232.59
DXJHWisdomTree Japan Hedged Health Care0.161.4910.35
EIRLiShares MSCI Ireland Capped0.161.00163.34
RBLSPDR S&P Russia0.1512.1725.04
DFJWisdomTree Japan SmallCap Dividend0.142.46293.46
FDNFirst Trust Dow Jones Internet0.142.933,499.00
DXJFWisdomTree Japan Hedged Financials0.144.4325.41

Bottom 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
XTNSPDR S&P Transportation-0.574.64276.23
GAZiPath Bloomberg Natural Gas Subindex Total Return ETN-0.553.869.07
CVOLC-Tracks Citi Volatility ETN-0.49-22.543.75
XHSSPDR S&P Health Care Services-0.49-0.47185.21
XSDSPDR S&P Semiconductor-0.496.31109.53
XSWSPDR S&P Software & Services-0.484.0352.06
EWZSiShares MSCI Brazil Small-Cap-0.438.8025.44
BRFMarket Vectors Brazil Small-Cap-0.429.9869.75
BRXXEGShares Brazil Infrastructure-0.408.439.47
IDXJMarket Vectors Indonesia Small Cap-0.4011.236.20

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.

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