Fixed Income Leads Weekly ETF Inflows

Year-to-date inflows ticked up to nearly $138 billion.

sumit
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Senior ETF Analyst
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Reviewed by: Sumit Roy
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Edited by: Sumit Roy

Another strong week of gains for U.S. stocks helped bolster weekly ETF inflows, but the majority of fresh assets flowed into fixed income products. On net, $6.7 billion of new money entered U.S.-listed ETFs during the week ending Thursday, May 28. That pushed year-to-date inflows up to $137.9 billion, ahead of the $66.9 billion seen at this same time last year.

Of this week's inflows, $1.5 billion headed for U.S. equity ETFs like the iShares Core S&P 500 ETF (IVV) and the iShares Core Dividend Growth ETF (DGRO). A fresh three-month high in the S&P 500 lent confidence to investors, who have now bid U.S. stocks up to just 10% below their all-time highs from February. 

That confidence also extended to corporate bond ETFs, where investors and the Fed have been making purchases. About $1.7 billion went into the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) and $1.1 billion flowed into the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD) this week. 

In the latest snapshot of its holdings, the Federal Reserve mentioned that it had purchased $3 billion of corporate bond ETFs, up from $1.8 billion last week.

Outflows From Custom Products

Meanwhile, on the outflows side, the Credit Suisse FI Large Cap Growth Enhanced ETN (FLGE), the Large Cap Growth Index-Linked ETN (FRLG) and the UBS AG FI Enhanced Large Cap Growth ETN (FBGX) each saw significant outflows, totaling more than $3.6 billion. The three are bespoke products created for Fisher Asset Management and offer 2x leveraged exposure to the Russell 1000. 

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
HYGiShares iBoxx USD High Yield Corporate Bond ETF1,707.5024,444.186.99%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF1,093.5048,998.002.23%
IVViShares Core S&P 500 ETF1,068.43189,632.300.56%
DGROiShares Core Dividend Growth ETF904.8610,478.828.64%
XLFFinancial Select Sector SPDR Fund774.6318,476.474.19%
AGGiShares Core U.S. Aggregate Bond ETF773.0272,261.631.07%
XLIIndustrial Select Sector SPDR Fund623.838,346.127.47%
VOOVanguard S&P 500 ETF552.64138,632.200.40%
VCSHVanguard Short-Term Corporate Bond ETF455.6726,044.251.75%
VUGVanguard Growth ETF441.7952,125.150.85%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-2,684.72266,946.20-1.01%
FLGECredit Suisse FI Large Cap Growth Enhanced ETN-1,481.74338.29-438.01%
FRLGLarge Cap Growth Index-Linked ETN-1,320.79162.51-812.75%
QQQInvesco QQQ Trust-986.02107,914.76-0.91%
FBGXUBS AG FI Enhanced Large Cap Growth ETN-812.60522.62-155.48%
EFAiShares MSCI EAFE ETF-778.2944,786.77-1.74%
IWMiShares Russell 2000 ETF-515.5938,050.48-1.36%
XLUUtilities Select Sector SPDR Fund-425.3411,121.56-3.82%
IGViShares Expanded Tech-Software Sector ETF-387.163,890.76-9.95%
SHViShares Short Treasury Bond ETF-376.7324,763.78-1.52%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity1,528.452,386,447.060.06%
International Equity-945.05740,898.27-0.13%
U.S. Fixed Income7,412.14832,758.310.89%
International Fixed Income466.1788,168.090.53%
Commodities ETFs786.99112,649.450.70%
Currency-11.452,005.65-0.57%
Leveraged-2,922.3132,483.05-9.00%
Inverse267.3717,123.021.56%
Asset Allocation234.919,463.982.48%
Alternatives-81.704,446.61-1.84%
Total:6,735.514,226,443.500.16%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity53,877.982,386,447.062.26%
International Equity-18,341.88740,898.27-2.48%
U.S. Fixed Income58,983.45832,758.317.08%
International Fixed Income1,136.0488,168.091.29%
Commodities ETFs27,876.83112,649.4524.75%
Currency694.702,005.6534.64%
Leveraged3,196.1832,483.059.84%
Inverse11,673.9417,123.0268.18%
Asset Allocation226.799,463.982.40%
Alternatives-1,381.924,446.61-31.08%
Total:137,942.114,226,443.503.26%

 

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
FFIUUVA Unconstrained Medium-Term Fixed Income ETF10,27767,924660.96%
AVDVAvantis International Small Cap Value ETF44,473281,246632.40%
HEROGlobal X Video Games & Esports ETF121,719602,949495.36%
USSGXtrackers MSCI U.S.A. ESG Leaders Equity ETF611,1772,716,955444.54%
VFMVVanguard U.S. Minimum Volatility ETF10,37438,495371.09%
FLLVFranklin Liberty U.S. Low Volatility ETF21,25671,808337.83%
MDYGSPDR S&P 400 Mid Cap Growth ETF483,1621,497,694309.98%
TPYPTortoise North American Pipeline Fund203,399617,230303.46%
PJANInnovator S&P 500 Power Buffer ETF - January32,863105,013319.55%
IBDDiShares iBonds Mar 2023 Term Corporate ETF7,26119,094262.98%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
MLTICredit Suisse X-Links Multi-Asset High Income ETN49.76%2,7065.47
JETSUS Global Jets ETF16.72%21,741,010951.42
KRESPDR S&P Regional Banking ETF16.26%42,071,0911,125.40
KBWBInvesco KBW Bank ETF15.86%6,157,339493.51
KBESPDR S&P Bank ETF15.71%12,981,2581,345.35
IATiShares U.S. Regional Banks ETF15.70%668,536237.42
FBZFirst Trust Brazil AlphaDEX Fund15.68%36,4217.73
KBWRInvesco KBW Regional Banking ETF15.24%28,26934.91
FTXOFirst Trust Nasdaq Bank ETF14.92%220,47868.40
QABAFirst Trust NASDAQ ABA Community Bank Index Fund14.69%74,37777.31

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
VXXiPath Series B S&P 500 VIX Short Term Futures ETN128.04%-3.49%670.60
VIIXVelocityShares Daily Long VIX Short-Term ETN127.07%-3.50%49.32
VIXYProShares VIX Short-Term Futures ETF126.95%-3.55%171.82
XVZiPath S&P 500 Dynamic VIX ETN93.01%-1.22%5.92
VIXMProShares VIX Mid-Term Futures ETF87.18%-2.33%61.03
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN85.96%-2.12%26.91
GRNTFiPath Global Carbon ETN74.64%0.00%4.90
ARKGARK Genomic Revolution ETF35.11%-6.88%1,038.43
CLIXProShares Long Online/Short Stores ETF34.63%-6.33%172.66
WCLDWisdomTree Cloud Computing Fund31.51%-2.40%152.47

 

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.