Nearly $6B Flows Into Fixed Income ETFs Like 'GBIL'

July 21, 2017

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.

 

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