Nearly $6B Flows Into Fixed Income ETFs Like 'GBIL'
Six of the 10 ETFs on the top creations list for the week were fixed-income products.
A big week for U.S. fixed-income products helped fuel inflows of $6.7 billion for U.S.-listed ETFs, according to the latest data from FactSet.
Investors added an impressive $5.9 billion to U.S. fixed-income ETFs, helping offset $1.1 billion worth of outflows from U.S. equity ETFs and $720 million worth of outflows from commodity ETFs.
At the same time, international equity ETFs remained in favor as they picked up $3.1 billion of new money.
Year-to-date, total inflows now stand at $267.5 billion.
GBIL & IVV On A Roll
Six of the 10 ETFs on the top creations list for the week were fixed-income products. The most interesting was the Goldman Sachs TreasuryAccess 0-1 Year ETF (GBIL), which had another week of robust inflows. The fund now has $650 million in assets under management, up from almost nothing two weeks ago.
Meanwhile, taking the No.1 spot on the inflows list was the iShares Core S&P 500 ETF (IVV). Its $2.6 billion of inflows catapulted assets under management in the fund to $120.8 billion. While still more than $100 billion in assets short of the SPDR S&P 500 ETF (SPY), IVV has been making great strides in catching up to the world's largest ETF.
Helping matters have been the consistent outflows from SPY this year. Just this week, $3.6 billion came out of the fund. Year-to-date, SPY has seen outflows of $10.1 billion, compared to inflows of $20.4 billion for IVV.
For a full list of this week's top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
IVV | iShares Core S&P 500 ETF | 2,631.33 | 120,759.95 | 2.23% |
JNK | SPDR Bloomberg Barclays High Yield Bond ETF | 999.24 | 12,510.27 | 8.68% |
LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | 937.29 | 37,178.38 | 2.59% |
HYG | iShares iBoxx $ High Yield Corporate Bond ETF | 782.74 | 18,845.77 | 4.33% |
QQQ | PowerShares QQQ Trust | 663.47 | 54,981.23 | 1.22% |
EEM | iShares MSCI Emerging Markets ETF | 596.94 | 34,346.47 | 1.77% |
VEA | Vanguard FTSE Developed Markets ETF | 546.69 | 57,506.62 | 0.96% |
SHV | iShares Short Treasury Bond ETF | 408.07 | 5,581.57 | 7.89% |
TLT | iShares 20+ Year Treasury Bond ETF | 370.52 | 8,329.55 | 4.66% |
GBIL | Goldman Sachs TreasuryAccess 0-1 Year ETF | 295.03 | 650.20 | 83.07% |
Top 10 Redemptions (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
SPY | SPDR S&P 500 ETF Trust | -3,618.21 | 235,389.73 | -1.51% |
IWM | iShares Russell 2000 ETF | -1,417.90 | 36,076.25 | -3.78% |
GLD | SPDR Gold Trust | -644.59 | 32,549.85 | -1.94% |
XLV | Health Care Select Sector SPDR Fund | -339.60 | 17,676.33 | -1.88% |
GDX | VanEck Vectors Gold Miners ETF | -336.68 | 7,739.26 | -4.17% |
IYR | iShares U.S. Real Estate ETF | -314.27 | 4,267.62 | -6.86% |
XLP | Consumer Staples Select Sector SPDR Fund | -294.47 | 9,363.01 | -3.05% |
XLE | Energy Select Sector SPDR Fund | -263.77 | 15,730.66 | -1.65% |
KRE | SPDR S&P Regional Banking ETF | -226.15 | 3,771.58 | -5.66% |
QUAL | iShares Edge MSCI USA Quality Factor ETF | -218.61 | 3,479.60 | -5.91% |
ETF Weekly Flows By Asset Class
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | -1,112.29 | 1,687,559.30 | -0.07% |
International Equity | 3,108.07 | 690,821.27 | 0.45% |
U.S. Fixed Income | 5,856.25 | 486,958.26 | 1.20% |
International Fixed Income | 212.66 | 51,804.98 | 0.41% |
Commodities | -719.78 | 61,736.13 | -1.17% |
Currency | -61.52 | 1,464.19 | -4.20% |
Leveraged | -783.95 | 28,667.24 | -2.73% |
Inverse | 20.73 | 16,141.36 | 0.13% |
Asset Allocation | 22.23 | 7,327.98 | 0.30% |
Alternatives | 129.20 | 3,850.24 | 3.36% |
Total: | 6,671.61 | 3,036,330.96 | 0.22% |
Top 10 Volume Surprises, Funds >$50 mm AUM
Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
KOL | VanEck Vectors Coal ETF | 117,422 | 359,248 | 305.95% |
TDTF | FlexShares iBoxx 5 Year Target Duration TIPS Index Fund | 92,888 | 226,024 | 243.33% |
DNL | WisdomTree Global ex-US Quality Dividend Growth Fund | 4,224 | 8,365 | 198.02% |
HYLD | AdvisorShares Peritus High Yield ETF | 22,175 | 38,711 | 174.57% |
EXT | WisdomTree U.S. Total Earnings Fund | 1,666 | 3,434 | 206.18% |
JPGE | J.P. Morgan Diversified Return Global Equity ETF | 5,827 | 11,422 | 196.04% |
EUSA | iShares MSCI USA Equal Weighted ETF | 10,875 | 16,239 | 149.33% |
DBGR | Deutsche X-trackers MSCI Germany Hedged Equity ETF | 30,570 | 41,711 | 136.44% |
INP | iPath MSCI India Index ETN | 8,127 | 13,326 | 163.97% |
IWL | iShares Russell Top 200 ETF | 7,161 | 15,452 | 215.78% |
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.