Treasury ETFs Boost Weekly Inflows
Investors added $1.5 billion to their U.S.-listed ETF holdings this week.
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 $537 million of fresh cash during the week.
‘QQQ’ & ‘ARK’ Shed Assets
Looking at equity ETFs, the Vanguard S&P 500 ETF (VOO), the Vanguard Total Stock Market ETF (VTI) and the iShares Core S&P 500 ETF (IVV) all made the top inflows list for the week.
On the other hand, the Invesco QQQ Trust (QQQ) and the ARK Innovation ETF (ARKK)—both tech-heavy funds—made appearances on the weekly outflows list.
For a full list of this week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
VGSH | Vanguard Short-Term Treasury Index ETF | 1,608.72 | 11,657.35 | 13.80% |
VOO | Vanguard S&P 500 ETF | 1,126.69 | 219,688.80 | 0.51% |
GOVT | iShares U.S. Treasury Bond ETF | 1,094.82 | 15,719.49 | 6.96% |
VTI | Vanguard Total Stock Market ETF | 668.52 | 238,084.59 | 0.28% |
BBEU | JPMorgan BetaBuilders Europe ETF | 611.51 | 5,255.53 | 11.64% |
IVV | iShares Core S&P 500 ETF | 577.91 | 276,332.71 | 0.21% |
LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | 536.68 | 42,251.26 | 1.27% |
SCHO | Schwab Short-Term U.S. Treasury ETF | 536.05 | 8,027.45 | 6.68% |
XBI | SPDR S&P Biotech ETF | 490.98 | 7,180.08 | 6.84% |
XLV | Health Care Select Sector SPDR Fund | 482.71 | 26,312.54 | 1.83% |
Top 10 Redemptions (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
QQQ | Invesco QQQ Trust | -3,842.94 | 164,625.97 | -2.33% |
FTCS | First Trust Capital Strength ETF | -2,196.63 | 7,781.05 | -28.23% |
SPY | SPDR S&P 500 ETF Trust | -2,085.69 | 361,019.11 | -0.58% |
ILCG | iShare Morningstar Growth ETF | -1,538.68 | 1,891.14 | -81.36% |
IMCG | iShares Morningstar Mid-Cap Growth ETF | -1,363.84 | 1,522.90 | -89.56% |
HYG | iShares iBoxx USD High Yield Corporate Bond ETF | -740.87 | 22,240.18 | -3.33% |
ISCG | iShares Morningstar Small-Cap Growth ETF | -705.70 | 757.87 | -93.12% |
ILCB | iShares Morningstar U.S. Equity ETF | -695.46 | 892.27 | -77.94% |
IMCB | iShares Morningstar Mid-Cap ETF | -676.06 | 878.73 | -76.94% |
ARKK | ARK Innovation ETF | -637.63 | 23,687.96 | -2.69% |
ETF Weekly Flows By Asset Class
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | -8,489.24 | 3,608,392.68 | -0.24% |
International Equity | 3,585.21 | 1,218,915.00 | 0.29% |
U.S. Fixed Income | 5,876.43 | 999,623.65 | 0.59% |
International Fixed Income | 790.52 | 133,994.80 | 0.59% |
Commodities | -88.78 | 134,380.72 | -0.07% |
Currency | -78.02 | 1,760.21 | -4.43% |
Leveraged | -319.14 | 57,267.14 | -0.56% |
Inverse | 47.02 | 10,821.40 | 0.43% |
Asset Allocation | 70.56 | 15,222.54 | 0.46% |
Alternatives | 142.28 | 6,164.64 | 2.31% |
Total: | 1,536.83 | 6,186,542.79 | 0.02% |
Asset Classes (Year-to-Date)
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 137,839.59 | 3,608,392.68 | 3.82% |
International Equity | 95,677.85 | 1,218,915.00 | 7.85% |
U.S. Fixed Income | 48,934.05 | 999,623.65 | 4.90% |
International Fixed Income | 13,095.75 | 133,994.80 | 9.77% |
Commodities | -6,667.27 | 134,380.72 | -4.96% |
Currency | -135.52 | 1,760.21 | -7.70% |
Leveraged | 1,952.04 | 57,267.14 | 3.41% |
Inverse | 2,116.23 | 10,821.40 | 19.56% |
Asset Allocation | 1,243.50 | 15,222.54 | 8.17% |
Alternatives | 1,531.16 | 6,164.64 | 24.84% |
Total: | 295,587.37 | 6,186,542.79 | 4.78% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
IMCG | iShares Morningstar Mid-Cap Growth ETF | 498.02% | 629,673 | 1,522.90 |
ISCG | iShares Morningstar Small-Cap Growth ETF | 495.65% | 845,439 | 757.87 |
ILCG | iShare Morningstar Growth ETF | 396.63% | 577,028 | 1,891.14 |
ILCB | iShares Morningstar U.S. Equity ETF | 298.76% | 134,975 | 892.27 |
IMCB | iShares Morningstar Mid-Cap ETF | 298.70% | 142,528 | 878.73 |
ISCB | iShares Morningstar Small-Cap ETF | 296.60% | 23,452 | 243.89 |
IMCV | iShares Morningstar Mid-Cap Value ETF | 199.09% | 95,407 | 455.72 |
ISCV | iShares Morningstar Small Cap Value ETF | 197.53% | 121,174 | 435.01 |
ILCV | iShares Morningstar Value ETF | 99.79% | 75,814 | 685.81 |
MLPO | Credit Suisse S&P MLP Index ETN | 20.72% | 5,356 | 21.50 |
Top 10 YTD Performers
Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
IMCG | iShares Morningstar Mid-Cap Growth ETF | 524.96% | 498.02% | 1,522.90 |
ISCG | iShares Morningstar Small-Cap Growth ETF | 505.99% | 495.65% | 757.87 |
ILCG | iShare Morningstar Growth ETF | 433.00% | 396.63% | 1,891.14 |
ISCB | iShares Morningstar Small-Cap ETF | 366.39% | 296.60% | 243.89 |
IMCB | iShares Morningstar Mid-Cap ETF | 347.01% | 298.70% | 878.73 |
ILCB | iShares Morningstar U.S. Equity ETF | 336.02% | 298.76% | 892.27 |
ISCV | iShares Morningstar Small Cap Value ETF | 271.19% | 197.53% | 435.01 |
IMCV | iShares Morningstar Mid-Cap Value ETF | 265.89% | 199.09% | 455.72 |
BDRY | Breakwave Dry Bulk Shipping ETF | 184.16% | 10.56% | 65.10 |
ILCV | iShares Morningstar Value ETF | 127.59% | 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.