Treasury ETFs Boost Weekly Inflows

April 23, 2021

A fairly ho-hum week for financial markets still resulted in investors adding modestly to their ETF holdings. On net, $1.5 billion flowed into U.S.-listed ETFs during the week ending Thursday, April 22. That brought year-to-date inflows up to $295.6 billion, staying well ahead of last year’s $116 billion pace.

Throughout the week, the S&P 500 hovered near its record high set last Friday—though there was some turbulence on Thursday following rumors about a proposed capital gains tax hike. Investors pulled $8.5 billion out of U.S. equity ETFs during the period, but that was more than made up for by the $3.6 billion that flowed into international equity ETFs and the $5.9 billion that went into U.S. fixed income ETFs.

Treasury ETFs Lead

In terms of individual funds, short-term Treasury ETFs were among the biggest asset gatherers of the week. The Vanguard Short-Term Treasury Index ETF (VGSH) and the Schwab Short-Term U.S. Treasury ETF (SCHO) both found themselves on the weekly inflows top 10.

The iShares U.S. Treasury Bond ETF (GOVT)—which holds a range of Treasuries with maturities greater than one year—also saw interest, with inflows of $1.1 billion.

The rapid rise in Treasury bond yields from earlier this year has seemingly stalled. Since peaking around 1.75% at the end of March, the benchmark 10-year Treasury bond yield dipped below 1.55% this week (bond yields and prices move inversely).

The recent strength in Treasuries has also lent support to corporate bonds and corporate bond ETFs, like the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), which pilled in $537 million of fresh cash during the week.

‘QQQ’ & ‘ARK’ Shed Assets

Looking at equity ETFs, the Vanguard S&P 500 ETF (VOO), the Vanguard Total Stock Market ETF (VTI) and the iShares Core S&P 500 ETF (IVV) all made the top inflows list for the week.

On the other hand, the Invesco QQQ Trust (QQQ) and the ARK Innovation ETF (ARKK)—both tech-heavy funds—made appearances on the weekly outflows list.

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
VGSH Vanguard Short-Term Treasury Index ETF 1,608.72 11,657.35 13.80%
VOO Vanguard S&P 500 ETF 1,126.69 219,688.80 0.51%
GOVT iShares U.S. Treasury Bond ETF 1,094.82 15,719.49 6.96%
VTI Vanguard Total Stock Market ETF 668.52 238,084.59 0.28%
BBEU JPMorgan BetaBuilders Europe ETF 611.51 5,255.53 11.64%
IVV iShares Core S&P 500 ETF 577.91 276,332.71 0.21%
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF 536.68 42,251.26 1.27%
SCHO Schwab Short-Term U.S. Treasury ETF 536.05 8,027.45 6.68%
XBI SPDR S&P Biotech ETF 490.98 7,180.08 6.84%
XLV Health Care Select Sector SPDR Fund 482.71 26,312.54 1.83%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
QQQ Invesco QQQ Trust -3,842.94 164,625.97 -2.33%
FTCS First Trust Capital Strength ETF -2,196.63 7,781.05 -28.23%
SPY SPDR S&P 500 ETF Trust -2,085.69 361,019.11 -0.58%
ILCG iShare Morningstar Growth ETF -1,538.68 1,891.14 -81.36%
IMCG iShares Morningstar Mid-Cap Growth ETF -1,363.84 1,522.90 -89.56%
HYG iShares iBoxx USD High Yield Corporate Bond ETF -740.87 22,240.18 -3.33%
ISCG iShares Morningstar Small-Cap Growth ETF -705.70 757.87 -93.12%
ILCB iShares Morningstar U.S. Equity ETF -695.46 892.27 -77.94%
IMCB iShares Morningstar Mid-Cap ETF -676.06 878.73 -76.94%
ARKK ARK Innovation ETF -637.63 23,687.96 -2.69%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -8,489.24 3,608,392.68 -0.24%
International Equity 3,585.21 1,218,915.00 0.29%
U.S. Fixed Income 5,876.43 999,623.65 0.59%
International Fixed Income 790.52 133,994.80 0.59%
Commodities -88.78 134,380.72 -0.07%
Currency -78.02 1,760.21 -4.43%
Leveraged -319.14 57,267.14 -0.56%
Inverse 47.02 10,821.40 0.43%
Asset Allocation 70.56 15,222.54 0.46%
Alternatives 142.28 6,164.64 2.31%
Total: 1,536.83 6,186,542.79 0.02%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 137,839.59 3,608,392.68 3.82%
International Equity 95,677.85 1,218,915.00 7.85%
U.S. Fixed Income 48,934.05 999,623.65 4.90%
International Fixed Income 13,095.75 133,994.80 9.77%
Commodities -6,667.27 134,380.72 -4.96%
Currency -135.52 1,760.21 -7.70%
Leveraged 1,952.04 57,267.14 3.41%
Inverse 2,116.23 10,821.40 19.56%
Asset Allocation 1,243.50 15,222.54 8.17%
Alternatives 1,531.16 6,164.64 24.84%
Total: 295,587.37 6,186,542.79 4.78%

 

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
IMCG iShares Morningstar Mid-Cap Growth ETF 498.02% 629,673 1,522.90
ISCG iShares Morningstar Small-Cap Growth ETF 495.65% 845,439 757.87
ILCG iShare Morningstar Growth ETF 396.63% 577,028 1,891.14
ILCB iShares Morningstar U.S. Equity ETF 298.76% 134,975 892.27
IMCB iShares Morningstar Mid-Cap ETF 298.70% 142,528 878.73
ISCB iShares Morningstar Small-Cap ETF 296.60% 23,452 243.89
IMCV iShares Morningstar Mid-Cap Value ETF 199.09% 95,407 455.72
ISCV iShares Morningstar Small Cap Value ETF 197.53% 121,174 435.01
ILCV iShares Morningstar Value ETF 99.79% 75,814 685.81
MLPO Credit Suisse S&P MLP Index ETN 20.72% 5,356 21.50

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
IMCG iShares Morningstar Mid-Cap Growth ETF 524.96% 498.02% 1,522.90
ISCG iShares Morningstar Small-Cap Growth ETF 505.99% 495.65% 757.87
ILCG iShare Morningstar Growth ETF 433.00% 396.63% 1,891.14
ISCB iShares Morningstar Small-Cap ETF 366.39% 296.60% 243.89
IMCB iShares Morningstar Mid-Cap ETF 347.01% 298.70% 878.73
ILCB iShares Morningstar U.S. Equity ETF 336.02% 298.76% 892.27
ISCV iShares Morningstar Small Cap Value ETF 271.19% 197.53% 435.01
IMCV iShares Morningstar Mid-Cap Value ETF 265.89% 199.09% 455.72
BDRY Breakwave Dry Bulk Shipping ETF 184.16% 10.56% 65.10
ILCV iShares Morningstar Value ETF 127.59% 99.79% 685.81

 

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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