Fixed Income ETFs Lead Weekly Inflows

November 22, 2019

A fairly uneventful week in markets corresponded with a fairly uneventful week for ETF flows. On net, investors added a modest $3.6 billion to their holdings of U.S.-listed ETFs during the week ending Thursday, Nov. 21, according to FactSet.

Year-to-date inflows ticked up to $249.4 billion, staying ahead of last year’s $241.4 billion pace.

Fixed Income ETFs Back In Vogue

After taking money out of the space last week, investors resumed their purchases of fixed income ETFs. Around $3.6 billion flowed into U.S. fixed income ETFs, while $379 went into international fixed income ETFs.

The Vanguard Total Bond Market ETF (BND), the iShares Core 1-5 Year USD Bond ETF (ISTB) and the iShares 7-10 Year Treasury Bond ETF (IEF) were the most popular funds in the space this week. The benchmark 10-year Treasury yield hovered just above and below the 1.8% level during the period.

Meanwhile, investors pulled $3.3 billion out of U.S. equity ETFs, while stashing $2.8 billion into international equity ETFs. U.S. equity markets remained near record highs this week, but some investors saw more value in international stocks, which haven’t moved up as much this year.

The Vanguard FTSE Europe ETF (VGK) and the iShares Core MSCI EAFE ETF (IEFA) were the biggest international equity ETF flows winners of the period.

Yet it was a trio of U.S. equity funds that gathered the most assets, bucking the trend in the broader segment. The iShares Edge MSCI U.S.A. Size Factor ETF (SIZE), the Vanguard High Dividend Yield ETF (VYM) and the iShares Edge MSCI U.S.A Quality Factor ETF (QUAL) registered inflows of more than $600 million each.

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
SIZE iShares Edge MSCI U.S.A. Size Factor ETF 917.84 1,354.82 67.75%
VYM Vanguard High Dividend Yield ETF 760.05 28,208.00 2.69%
QUAL iShares Edge MSCI U.S.A. Quality Factor ETF 643.99 14,734.83 4.37%
VGK Vanguard FTSE Europe ETF 541.94 13,870.97 3.91%
IEFA iShares Core MSCI EAFE ETF 539.06 70,804.57 0.76%
VOO Vanguard S&P 500 ETF 510.30 125,363.11 0.41%
BND Vanguard Total Bond Market ETF 386.66 47,224.07 0.82%
EWJ iShares MSCI Japan ETF 383.74 14,368.82 2.67%
ISTB iShares Core 1-5 Year USD Bond ETF 367.48 3,314.55 11.09%
IEF iShares 7-10 Year Treasury Bond ETF 290.51 19,071.44 1.52%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
QQQ Invesco QQQ Trust -1,793.25 81,051.80 -2.21%
XLU Utilities Select Sector SPDR Fund -985.63 10,815.51 -9.11%
SPY SPDR S&P 500 ETF Trust -908.54 280,485.63 -0.32%
IWM iShares Russell 2000 ETF -823.37 44,856.89 -1.84%
SPLV Invesco S&P 500 Low Volatility ETF -804.20 12,462.94 -6.45%
IVV iShares Core S&P 500 ETF -595.85 195,399.70 -0.30%
USMV iShares Edge MSCI Min Vol U.S.A. ETF -492.81 36,156.51 -1.36%
XLV Health Care Select Sector SPDR Fund -392.05 18,252.25 -2.15%
ITOT iShares Core S&P Total U.S. Stock Market ETF -303.32 24,267.38 -1.25%
KRE SPDR S&P Regional Banking ETF -296.07 1,760.18 -16.82%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -3,325.77 2,414,941.95 -0.14%
International Equity 2,825.35 850,072.53 0.33%
U.S. Fixed Income 3,587.91 742,040.57 0.48%
International Fixed Income 379.49 86,948.65 0.44%
Commodities ETFs -283.92 78,931.57 -0.36%
Currency 0.21 1,405.18 0.01%
Leveraged -110.92 36,933.18 -0.30%
Inverse 341.72 12,356.53 2.77%
Asset Allocation 46.88 10,480.04 0.45%
Alternatives 93.70 4,746.82 1.97%
Total: 3,554.63 4,238,857.00 0.08%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 94,950.98 2,414,941.95 3.93%
International Equity 13,936.99 850,072.53 1.64%
U.S. Fixed Income 115,804.35 742,040.57 15.61%
International Fixed Income 17,443.63 86,948.65 20.06%
Commodities ETFs 7,998.42 78,931.57 10.13%
Currency -386.77 1,405.18 -27.52%
Leveraged -7,578.66 36,933.18 -20.52%
Inverse 5,614.29 12,356.53 45.44%
Asset Allocation 496.46 10,480.04 4.74%
Alternatives 1,158.97 4,746.82 24.42%
Total: 249,438.66 4,238,857.00 5.88%

 

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
IMFP Invesco Multi-Factor Core Plus Fixed Income ETF 2,087 8,866 424.78%
NFO Invesco Insider Sentiment ETF 3,691 13,072 354.19%
ACIO Aptus Collared Income Opportunity ETF 21,919 88,703 404.68%
BTEC Principal Healthcare Innovators Index ETF 718 2,244 312.43%
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund 30,156 103,035 341.68%
ERUS iShares MSCI Russia ETF 196,247 456,707 232.72%
URA Global X Uranium ETF 75,627 151,620 200.48%
DMRI DeltaShares S&P International Managed Risk ETF 698 1,136 162.72%
CCOR Cambria Core Equity ETF 10,919 19,879 182.06%
DFNL Davis Select Financial ETF 9,795 20,714 211.48%

 

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
BBC Virtus LifeSci Biotech Clinical Trials ETF 6.39% 10,960 26.41
SBIO ALPS Medical Breakthroughs ETF 4.15% 147,004 185.03
POTX Global X Cannabis ETF 4.12% 120,767 4.61
PALL Aberdeen Standard Physical Palladium Shares ETF 4.07% 60,928 274.74
GNOM Global X Genomics & Biotechnology ETF 3.92% 16,444 17.35
BTEC Principal Healthcare Innovators Index ETF 3.92% 8,976 56.83
BBP Virtus LifeSci Biotech Products ETF 3.82% 14,836 26.89
YOLO AdvisorShares Pure Cannabis ETF 3.81% 318,096 42.64
ARKG ARK Genomic Revolution ETF 3.72% 476,265 441.89
IDNA iShares Genomics Immunology and Healthcare ETF 3.54% 7,036 25.06

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
INR Market Vectors-Indian Rupee/USD ETN 68.83% 0.00% 0.48
SMH VanEck Vectors Semiconductor ETF 50.26% -1.26% 1,481.38
XSD SPDR S&P Semiconductor ETF 49.55% -2.65% 410.49
ITB iShares U.S. Home Construction ETF 49.49% 0.49% 1,254.23
SOXX iShares PHLX Semiconductor ETF 48.21% -1.90% 2,079.97
CHIS Global X MSCI China Consumer Staples ETF 47.66% 0.21% 7.52
TAN Invesco Solar ETF 47.33% -1.22% 390.67
FTXL First Trust Nasdaq Semiconductor ETF 46.85% -3.69% 42.02
INDS Pacer Benchmark Industrial Real Estate SCTR ETF 43.64% 1.04% 35.97
GREK Global X MSCI Greece ETF 42.88% 0.00% 333.78

 

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.

Find your next ETF

Reset All