Treasury ETFs Boost Weekly Inflows

Investors added $1.5 billion to their U.S.-listed ETF holdings this week.

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 fairly ho-hum week for financial markets still resulted in investors adding modestly to their ETF holdings. On net, $1.5 billion flowed into U.S.-listed ETFs during the week ending Thursday, April 22. That brought year-to-date inflows up to $295.6 billion, staying well ahead of last year’s $116 billion pace.

Throughout the week, the S&P 500 hovered near its record high set last Friday—though there was some turbulence on Thursday following rumors about a proposed capital gains tax hike. Investors pulled $8.5 billion out of U.S. equity ETFs during the period, but that was more than made up for by the $3.6 billion that flowed into international equity ETFs and the $5.9 billion that went into U.S. fixed income ETFs.

Treasury ETFs Lead

In terms of individual funds, short-term Treasury ETFs were among the biggest asset gatherers of the week. The Vanguard Short-Term Treasury Index ETF (VGSH) and the Schwab Short-Term U.S. Treasury ETF (SCHO) both found themselves on the weekly inflows top 10.

The iShares U.S. Treasury Bond ETF (GOVT)—which holds a range of Treasuries with maturities greater than one year—also saw interest, with inflows of $1.1 billion.

The rapid rise in Treasury bond yields from earlier this year has seemingly stalled. Since peaking around 1.75% at the end of March, the benchmark 10-year Treasury bond yield dipped below 1.55% this week (bond yields and prices move inversely).

The recent strength in Treasuries has also lent support to corporate bonds and corporate bond ETFs, like the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), which pilled in $537 million of fresh cash during the week.

‘QQQ’ & ‘ARK’ Shed Assets

Looking at equity ETFs, the Vanguard S&P 500 ETF (VOO), the Vanguard Total Stock Market ETF (VTI) and the iShares Core S&P 500 ETF (IVV) all made the top inflows list for the week.

On the other hand, the Invesco QQQ Trust (QQQ) and the ARK Innovation ETF (ARKK)—both tech-heavy funds—made appearances on the weekly outflows list.

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
VGSHVanguard Short-Term Treasury Index ETF1,608.7211,657.3513.80%
VOOVanguard S&P 500 ETF1,126.69219,688.800.51%
GOVTiShares U.S. Treasury Bond ETF1,094.8215,719.496.96%
VTIVanguard Total Stock Market ETF668.52238,084.590.28%
BBEUJPMorgan BetaBuilders Europe ETF611.515,255.5311.64%
IVViShares Core S&P 500 ETF577.91276,332.710.21%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF536.6842,251.261.27%
SCHOSchwab Short-Term U.S. Treasury ETF536.058,027.456.68%
XBISPDR S&P Biotech ETF490.987,180.086.84%
XLVHealth Care Select Sector SPDR Fund482.7126,312.541.83%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
QQQInvesco QQQ Trust-3,842.94164,625.97-2.33%
FTCSFirst Trust Capital Strength ETF-2,196.637,781.05-28.23%
SPYSPDR S&P 500 ETF Trust-2,085.69361,019.11-0.58%
ILCGiShare Morningstar Growth ETF-1,538.681,891.14-81.36%
IMCGiShares Morningstar Mid-Cap Growth ETF-1,363.841,522.90-89.56%
HYGiShares iBoxx USD High Yield Corporate Bond ETF-740.8722,240.18-3.33%
ISCGiShares Morningstar Small-Cap Growth ETF-705.70757.87-93.12%
ILCBiShares Morningstar U.S. Equity ETF-695.46892.27-77.94%
IMCBiShares Morningstar Mid-Cap ETF-676.06878.73-76.94%
ARKKARK Innovation ETF-637.6323,687.96-2.69%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-8,489.243,608,392.68-0.24%
International Equity3,585.211,218,915.000.29%
U.S. Fixed Income5,876.43999,623.650.59%
International Fixed Income790.52133,994.800.59%
Commodities-88.78134,380.72-0.07%
Currency-78.021,760.21-4.43%
Leveraged-319.1457,267.14-0.56%
Inverse47.0210,821.400.43%
Asset Allocation70.5615,222.540.46%
Alternatives142.286,164.642.31%
Total:1,536.836,186,542.790.02%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity137,839.593,608,392.683.82%
International Equity95,677.851,218,915.007.85%
U.S. Fixed Income48,934.05999,623.654.90%
International Fixed Income13,095.75133,994.809.77%
Commodities-6,667.27134,380.72-4.96%
Currency-135.521,760.21-7.70%
Leveraged1,952.0457,267.143.41%
Inverse2,116.2310,821.4019.56%
Asset Allocation1,243.5015,222.548.17%
Alternatives1,531.166,164.6424.84%
Total:295,587.376,186,542.794.78%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
IMCGiShares Morningstar Mid-Cap Growth ETF498.02%629,6731,522.90
ISCGiShares Morningstar Small-Cap Growth ETF495.65%845,439757.87
ILCGiShare Morningstar Growth ETF396.63%577,0281,891.14
ILCBiShares Morningstar U.S. Equity ETF298.76%134,975892.27
IMCBiShares Morningstar Mid-Cap ETF298.70%142,528878.73
ISCBiShares Morningstar Small-Cap ETF296.60%23,452243.89
IMCViShares Morningstar Mid-Cap Value ETF199.09%95,407455.72
ISCViShares Morningstar Small Cap Value ETF197.53%121,174435.01
ILCViShares Morningstar Value ETF99.79%75,814685.81
MLPOCredit Suisse S&P MLP Index ETN20.72%5,35621.50

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
IMCGiShares Morningstar Mid-Cap Growth ETF524.96%498.02%1,522.90
ISCGiShares Morningstar Small-Cap Growth ETF505.99%495.65%757.87
ILCGiShare Morningstar Growth ETF433.00%396.63%1,891.14
ISCBiShares Morningstar Small-Cap ETF366.39%296.60%243.89
IMCBiShares Morningstar Mid-Cap ETF347.01%298.70%878.73
ILCBiShares Morningstar U.S. Equity ETF336.02%298.76%892.27
ISCViShares Morningstar Small Cap Value ETF271.19%197.53%435.01
IMCViShares Morningstar Mid-Cap Value ETF265.89%199.09%455.72
BDRYBreakwave Dry Bulk Shipping ETF184.16%10.56%65.10
ILCViShares Morningstar Value ETF127.59%99.79%685.81

 

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.