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.

sumit
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Senior ETF Analyst
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Reviewed by: Sumit Roy
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Edited by: Sumit Roy

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)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
IVViShares Core S&P 500 ETF2,631.33120,759.952.23%
JNKSPDR Bloomberg Barclays High Yield Bond ETF999.2412,510.278.68%
LQDiShares iBoxx $ Investment Grade Corporate Bond ETF937.2937,178.382.59%
HYGiShares iBoxx $ High Yield Corporate Bond ETF782.7418,845.774.33%
QQQPowerShares QQQ Trust663.4754,981.231.22%
EEMiShares MSCI Emerging Markets ETF596.9434,346.471.77%
VEAVanguard FTSE Developed Markets ETF546.6957,506.620.96%
SHViShares Short Treasury Bond ETF408.075,581.577.89%
TLTiShares 20+ Year Treasury Bond ETF370.528,329.554.66%
GBILGoldman Sachs TreasuryAccess 0-1 Year ETF295.03650.2083.07%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-3,618.21235,389.73-1.51%
IWMiShares Russell 2000 ETF-1,417.9036,076.25-3.78%
GLDSPDR Gold Trust-644.5932,549.85-1.94%
XLVHealth Care Select Sector SPDR Fund-339.6017,676.33-1.88%
GDXVanEck Vectors Gold Miners ETF-336.687,739.26-4.17%
IYRiShares U.S. Real Estate ETF-314.274,267.62-6.86%
XLPConsumer Staples Select Sector SPDR Fund-294.479,363.01-3.05%
XLEEnergy Select Sector SPDR Fund-263.7715,730.66-1.65%
KRESPDR S&P Regional Banking ETF-226.153,771.58-5.66%
QUALiShares Edge MSCI USA Quality Factor ETF-218.613,479.60-5.91%

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-1,112.291,687,559.30-0.07%
International Equity3,108.07690,821.270.45%
U.S. Fixed Income5,856.25486,958.261.20%
International Fixed Income212.6651,804.980.41%
Commodities-719.7861,736.13-1.17%
Currency-61.521,464.19-4.20%
Leveraged-783.9528,667.24-2.73%
Inverse20.7316,141.360.13%
Asset Allocation22.237,327.980.30%
Alternatives129.203,850.243.36%
Total:6,671.613,036,330.960.22%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
KOLVanEck Vectors Coal ETF117,422359,248305.95%
TDTFFlexShares iBoxx 5 Year Target Duration TIPS Index Fund92,888226,024243.33%
DNLWisdomTree Global ex-US Quality Dividend Growth Fund4,2248,365198.02%
HYLDAdvisorShares Peritus High Yield ETF22,17538,711174.57%
EXTWisdomTree U.S. Total Earnings Fund1,6663,434206.18%
JPGEJ.P. Morgan Diversified Return Global Equity ETF5,82711,422196.04%
EUSAiShares MSCI USA Equal Weighted ETF10,87516,239149.33%
DBGRDeutsche X-trackers MSCI Germany Hedged Equity ETF30,57041,711136.44%
INPiPath MSCI India Index ETN8,12713,326163.97%
IWLiShares Russell Top 200 ETF7,16115,452215.78%

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.

 

Sumit Roy is the senior ETF analyst for etf.com, where he has worked for 13 years. He creates a variety of content for the platform, including news articles, analysis pieces, videos and podcasts.

Before joining etf.com, Sumit was the managing editor and commodities analyst for Hard Assets Investor. In those roles, he was responsible for most of the operations of HAI, a website dedicated to education about commodities investing.

Though he still closely follows the commodities beat, Sumit covers a much broader assortment of topics for etf.com, with a particular focus on stock and bond exchange-traded funds.

He is the host of etf.com’s Talk ETFs, a popular video series that features weekly interviews with thought leaders in the ETF industry. Sumit is also co-host of Exchange Traded Fridays, etf.com’s weekly podcast series.

He lives in the San Francisco Bay Area, where he enjoys climbing the city’s steep hills, playing chess and snowboarding in Lake Tahoe.