Fixed Income ETFs Dominate Weekly Inflows List

June 05, 2020

Stock markets surged this week, bolstering demand for U.S. equity ETFs, but it was fixed income ETFs that took the majority of inflows. On net, $22.1 billion flowed into U.S.-listed ETFs during the week ending Thursday, June 4, according to FactSet. That pushed year-to-date inflows up to $160.1 billion, more than double the $75.2 billion seen at this same time a year ago.

The S&P 500 climbed to more than a three-month high this week, eclipsing 3,100 on Wednesday and 3,200 on Friday. The index is now up 43% from its March lows and trades just 5.5% below its all-time highs from February. About $5 billion of fresh cash entered U.S. equity ETFs this week, with the SPDR S&P 500 ETF Trust (SPY) leading the way.

Fixed Income Focus 

That said, even as stocks surged, ETF investors focused most of their buying power on the fixed income space. U.S. fixed income ETFs gathered $13 billion of new money during the week, even as Treasury prices tumbled on the back of better-than-expected economic data. 

The U.S. 10-year Treasury yield topped 0.9% for the first time since March 20, pushing prices for funds like the iShares 7-10 Year Treasury Bond ETF (IEF) lower (bond prices and yields move inversely). A shocking jobs report for May showed that the U.S. added 2.5 million jobs during the month as opposed to the 7.5 million job losses that were expected.

Yet, that same strong jobs report lent support to corporate bonds, where narrowing credit spreads more than offset the jump in Treasury yields. The iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD)  and the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) both traded near three-month highs. Each had inflows of more than $2.4 billion this week.

Altogether, fixed income ETFs made up seven of the 10 ETFs with the largest inflows this week. The only other ETFs on the list were the aforementioned SPY, the SPDR Gold Trust (GLD) and the Vanguard Total International Stock ETF (VXUS). Year-to-date inflows for GLD now stand at $12.9 billion.

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
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF 2,738.07 51,952.98 5.27%
HYG iShares iBoxx USD High Yield Corporate Bond ETF 2,450.42 27,375.83 8.95%
SPY SPDR S&P 500 ETF Trust 1,674.85 276,367.51 0.61%
VCSH Vanguard Short-Term Corporate Bond ETF 1,185.33 27,313.72 4.34%
AGG iShares Core U.S. Aggregate Bond ETF 1,113.63 73,240.36 1.52%
JNK SPDR Bloomberg Barclays High Yield Bond ETF 1,060.21 12,853.24 8.25%
BND Vanguard Total Bond Market ETF 1,014.93 53,918.49 1.88%
VCIT Vanguard Intermediate-Term Corporate Bond ETF 1,002.71 30,534.52 3.28%
GLD SPDR Gold Trust 700.21 62,054.84 1.13%
VXUS Vanguard Total International Stock ETF 649.29 20,540.31 3.16%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
QQQ Invesco QQQ Trust -2,059.72 108,867.76 -1.89%
SHV iShares Short Treasury Bond ETF -1,085.25 23,659.60 -4.59%
IEF iShares 7-10 Year Treasury Bond ETF -704.71 20,502.75 -3.44%
BIL SPDR Bloomberg Barclays 1-3 Month T-Bill ETF -549.19 18,049.52 -3.04%
VTV Vanguard Value ETF -545.94 49,935.47 -1.09%
TLT iShares 20+ Year Treasury Bond ETF -468.43 17,844.14 -2.63%
XBI SPDR S&P Biotech ETF -391.30 4,572.01 -8.56%
SCHO Schwab Short-Term U.S. Treasury ETF -335.86 7,124.40 -4.71%
MDYV SPDR S&P 400 Mid Cap Value ETF -327.81 1,121.12 -29.24%
GOVT iShares U.S. Treasury Bond ETF -322.54 13,764.29 -2.34%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 4,969.14 2,464,722.83 0.20%
International Equity 1,730.29 785,574.98 0.22%
U.S. Fixed Income 12,968.60 847,141.18 1.53%
International Fixed Income 1,292.29 90,036.38 1.44%
Commodities ETFs 1,441.18 115,844.12 1.24%
Currency -46.40 1,935.23 -2.40%
Leveraged -72.50 34,082.83 -0.21%
Inverse -289.32 16,280.42 -1.78%
Asset Allocation 21.23 9,705.98 0.22%
Alternatives 50.83 4,479.19 1.13%
Total: 22,065.35 4,369,803.14 0.50%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 58,858.69 2,464,722.83 2.39%
International Equity -16,596.01 785,574.98 -2.11%
U.S. Fixed Income 71,964.13 847,141.18 8.49%
International Fixed Income 2,428.27 90,036.38 2.70%
Commodities ETFs 29,318.01 115,844.12 25.31%
Currency 643.91 1,935.23 33.27%
Leveraged 3,192.40 34,082.83 9.37%
Inverse 11,384.62 16,280.42 69.93%
Asset Allocation 248.74 9,705.98 2.56%
Alternatives -1,331.10 4,479.19 -29.72%
Total: 160,111.65 4,369,803.14 3.66%

 

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
PGMFF iPath Bloomberg Platinum Subindex Total Return ETN 59.86% 1,981 2.22
EWZS iShares MSCI Brazil Small-Cap ETF 17.20% 517,006 115.16
BRF VanEck Vectors Brazil Small-Cap ETF 15.19% 46,798 52.44
JETS US Global Jets ETF 13.85% 15,793,589 1,157.13
EIDO iShares MSCI Indonesia ETF 13.69% 3,305,518 332.11
ICOL iShares MSCI Colombia ETF 12.77% 60,288 21.81
FLBR Franklin FTSE Brazil ETF 12.60% 28,524 134.54
IDX VanEck Vectors Indonesia Index ETF 12.53% 143,180 29.09
ILF iShares Latin America 40 ETF 12.38% 6,569,417 849.19
KBWY Invesco KBW Premium Yield Equity REIT ETF 12.19% 191,100 184.91

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
VXX iPath Series B S&P 500 VIX Short Term Futures ETN 103.97% -6.16% 671.35
VIIX VelocityShares Daily Long VIX Short-Term ETN 103.55% -6.35% 46.61
VIXY ProShares VIX Short-Term Futures ETF 103.38% -6.52% 181.98
XVZ iPath S&P 500 Dynamic VIX ETN 92.21% -0.88% 5.90
VIXM ProShares VIX Mid-Term Futures ETF 79.24% -3.11% 64.11
VXZ iPath Series B S&P 500 VIX Mid-Term Futures ETN 78.60% -2.98% 26.22
GRNTF iPath Global Carbon ETN 74.64% -6.05% 5.08
CLIX ProShares Long Online/Short Stores ETF 37.67% -0.86% 184.92
WCLD WisdomTree Cloud Computing Fund 37.26% 3.57% 199.71
ARKG ARK Genomic Revolution ETF 34.73% 1.21% 1,083.58

 

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