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

Jul 21, 2017

Reviewed by: Sumit Roy

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)

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.

Sumit Roy

| Contact: [email protected]

Sumit Roy is the senior ETF analyst for etf.com, where he's worked for 12 years. Before joining the company, Roy was the managing editor and commodities analyst for Hard Assets Investor. He lives in the San Francisco Bay Area, where he enjoys climbing the city’s steep hills, playing pickleball and snowboarding.

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

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