Fixed Income ETFs Lead Weekly Inflows

Fixed Income ETFs Lead Weekly Inflows

Investors added a net $3.6 billion to U.S.-listed ETFs this week.

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

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)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SIZEiShares Edge MSCI U.S.A. Size Factor ETF917.841,354.8267.75%
VYMVanguard High Dividend Yield ETF760.0528,208.002.69%
QUALiShares Edge MSCI U.S.A. Quality Factor ETF643.9914,734.834.37%
VGKVanguard FTSE Europe ETF541.9413,870.973.91%
IEFAiShares Core MSCI EAFE ETF539.0670,804.570.76%
VOOVanguard S&P 500 ETF510.30125,363.110.41%
BNDVanguard Total Bond Market ETF386.6647,224.070.82%
EWJiShares MSCI Japan ETF383.7414,368.822.67%
ISTBiShares Core 1-5 Year USD Bond ETF367.483,314.5511.09%
IEFiShares 7-10 Year Treasury Bond ETF290.5119,071.441.52%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
QQQInvesco QQQ Trust-1,793.2581,051.80-2.21%
XLUUtilities Select Sector SPDR Fund-985.6310,815.51-9.11%
SPYSPDR S&P 500 ETF Trust-908.54280,485.63-0.32%
IWMiShares Russell 2000 ETF-823.3744,856.89-1.84%
SPLVInvesco S&P 500 Low Volatility ETF-804.2012,462.94-6.45%
IVViShares Core S&P 500 ETF-595.85195,399.70-0.30%
USMViShares Edge MSCI Min Vol U.S.A. ETF-492.8136,156.51-1.36%
XLVHealth Care Select Sector SPDR Fund-392.0518,252.25-2.15%
ITOTiShares Core S&P Total U.S. Stock Market ETF-303.3224,267.38-1.25%
KRESPDR S&P Regional Banking ETF-296.071,760.18-16.82%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-3,325.772,414,941.95-0.14%
International Equity2,825.35850,072.530.33%
U.S. Fixed Income3,587.91742,040.570.48%
International Fixed Income379.4986,948.650.44%
Commodities ETFs-283.9278,931.57-0.36%
Currency0.211,405.180.01%
Leveraged-110.9236,933.18-0.30%
Inverse341.7212,356.532.77%
Asset Allocation46.8810,480.040.45%
Alternatives93.704,746.821.97%
Total:3,554.634,238,857.000.08%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity94,950.982,414,941.953.93%
International Equity13,936.99850,072.531.64%
U.S. Fixed Income115,804.35742,040.5715.61%
International Fixed Income17,443.6386,948.6520.06%
Commodities ETFs7,998.4278,931.5710.13%
Currency-386.771,405.18-27.52%
Leveraged-7,578.6636,933.18-20.52%
Inverse5,614.2912,356.5345.44%
Asset Allocation496.4610,480.044.74%
Alternatives1,158.974,746.8224.42%
Total:249,438.664,238,857.005.88%

 

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
IMFPInvesco Multi-Factor Core Plus Fixed Income ETF2,0878,866424.78%
NFOInvesco Insider Sentiment ETF3,69113,072354.19%
ACIOAptus Collared Income Opportunity ETF21,91988,703404.68%
BTECPrincipal Healthcare Innovators Index ETF7182,244312.43%
TLTDFlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund30,156103,035341.68%
ERUSiShares MSCI Russia ETF196,247456,707232.72%
URAGlobal X Uranium ETF75,627151,620200.48%
DMRIDeltaShares S&P International Managed Risk ETF6981,136162.72%
CCORCambria Core Equity ETF10,91919,879182.06%
DFNLDavis Select Financial ETF9,79520,714211.48%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
BBCVirtus LifeSci Biotech Clinical Trials ETF6.39%10,96026.41
SBIOALPS Medical Breakthroughs ETF4.15%147,004185.03
POTXGlobal X Cannabis ETF4.12%120,7674.61
PALLAberdeen Standard Physical Palladium Shares ETF4.07%60,928274.74
GNOMGlobal X Genomics & Biotechnology ETF3.92%16,44417.35
BTECPrincipal Healthcare Innovators Index ETF3.92%8,97656.83
BBPVirtus LifeSci Biotech Products ETF3.82%14,83626.89
YOLOAdvisorShares Pure Cannabis ETF3.81%318,09642.64
ARKGARK Genomic Revolution ETF3.72%476,265441.89
IDNAiShares Genomics Immunology and Healthcare ETF3.54%7,03625.06

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
INRMarket Vectors-Indian Rupee/USD ETN68.83%0.00%0.48
SMHVanEck Vectors Semiconductor ETF50.26%-1.26%1,481.38
XSDSPDR S&P Semiconductor ETF49.55%-2.65%410.49
ITBiShares U.S. Home Construction ETF49.49%0.49%1,254.23
SOXXiShares PHLX Semiconductor ETF48.21%-1.90%2,079.97
CHISGlobal X MSCI China Consumer Staples ETF47.66%0.21%7.52
TANInvesco Solar ETF47.33%-1.22%390.67
FTXLFirst Trust Nasdaq Semiconductor ETF46.85%-3.69%42.02
INDSPacer Benchmark Industrial Real Estate SCTR ETF43.64%1.04%35.97
GREKGlobal X MSCI Greece ETF42.88%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.

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.