Bond ETFs Added $9B Last Week as Stock Funds Bled Cash
Just over $7.1 billion flowed into U.S.-listed exchange-traded funds last week, with volatility in the stock market causing ETF investors to favor bonds over stocks.
The $9.4 billion that went into U.S. fixed income ETFs was partially offset by the $5.6 billion that came out of U.S. equity ETFs. International equity and fixed income ETFs had net inflows of $1.7 billion and $2 billion, respectively.
Year-to-date inflows for all U.S.-listed ETFs rose to $605.5 billion, while total assets under management stand at $9.57 trillion.
Tech ETFs Struggle
Taking the top spot on the weekly inflows list was the Vanguard 500 Index Fund (VOO). The ETF’s $3.7 billion of inflows was about a billion dollars ahead of the No. 2 on the list, the iShares MSCI EAFE Value ETF (EFV).
On the fixed income side, the iShares Core Total USD Bond Market ETF (IUSB) and the iShares 7-10 Year Treasury Bond ETF (IEF) were the biggest flows winners, with inflows of $2.3 billion and $1.6 billion, respectively.
Stocks were hammered last week, while bonds rallied as economic growth worries continued to plague financial markets. Technology stocks, in particular, have been struggling.
The Vanguard Information Technology ETF (VGT) and the tech-heavy Invesco QQQ Trust (QQQ) were No.1 and No.3 on the weekly outflows list, with redemptions of $3.6 billion and $2.8 billion, respectively. The SPDR S&P 500 ETF Trust (SPY), the world’s largest ETF and a favorite among traders, had outflows of $3.4 billion.
For a full list of last week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
Ticker | Name | Net Flows ($, mm) | AUM ($, mm) | AUM % Change< |
3,659.48 | 499,052.22 | 0.73 | ||
2,660.00 | 17,876.12 | 14.88 | ||
2,323.34 | 32,618.54 | 7.12 | ||
1,774.83 | 510,096.18 | 0.35 | ||
1,617.67 | 33,735.26 | 4.80 | ||
1,284.76 | 119,151.36 | 1.08 | ||
1,045.98 | 5,054.95 | 20.69 | ||
783.86 | 32,941.63 | 2.38 | ||
745.61 | 17,875.48 | 4.17 | ||
702.20 | 116,261.50 | 0.60 |
Top 10 Redemptions (All ETFs)
Ticker | Name | Net Flows ($, mm) | AUM ($, mm) | AUM % Change |
-3,559.90 | 71,877.88 | -4.95 | ||
-3,388.62 | 548,605.66 | -0.62 | ||
-2,804.95 | 276,336.31 | -1.02 | ||
-995.25 | 5,596.60 | -17.78 | ||
-962.37 | 50,388.87 | -1.91 | ||
-743.41 | 16,132.08 | -4.61 | ||
-711.92 | 67,399.59 | -1.06 | ||
-698.19 | 35,103.89 | -1.99 | ||
-686.70 | 2,294.67 | -29.93 | ||
-679.72 | 36,324.35 | -1.87 |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM |
Alternatives | 63.32 | 8,323.66 | 0.76% |
Asset Allocation | 170.64 | 19,744.03 | 0.86% |
Commodities | 295.27 | 150,927.17 | 0.20% |
Currency | -683.72 | 58,987.62 | -1.16% |
International Equity | 1,694.24 | 1,535,775.68 | 0.11% |
International Fixed Income | 2,043.34 | 216,832.62 | 0.94% |
Inverse | -258.95 | 13,128.49 | -1.97% |
Leveraged | -51.74 | 97,930.41 | -0.05% |
U.S. Equity | -5,597.56 | 5,930,021.47 | -0.09% |
U.S. Fixed Income | 9,447.53 | 1,538,880.00 | 0.61% |
Total: | 7,122.38 | 9,570,551.16 | 0.07% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM |
Alternatives | 1,463.53 | 8,253.34 | 17.73% |
Asset Allocation | 1,401.35 | 19,723.28 | 7.11% |
Commodities | -1,860.31 | 152,644.94 | -1.22% |
Currency | 17,381.02 | 63,162.43 | 27.52% |
International Equity | 55,278.59 | 1,562,321.08 | 3.54% |
International Fixed Income | 40,351.54 | 214,280.10 | 18.83% |
Inverse | 1,492.35 | 13,021.28 | 11.46% |
Leveraged | 3,560.78 | 104,538.15 | 3.41% |
U.S. Equity | 336,010.30 | 6,042,328.63 | 5.56% |
U.S. Fixed Income | 150,470.01 | 1,523,884.26 | 9.87% |
Total: | 605,549.17 | 9,704,157.48 | 6.24% |
Top 10 Volume Surprises, Funds >$50 mm AUM
Ticker | Name | Average Volume | 1 Week Average | % of Average |
4,055,561.00 | 2,492.22%% | |||
11,956,967.00 | 2,021.54%% | |||
266,057.00 | 1,884.98%% | |||
236,338.00 | 1,527.56%% | |||
886,163.00 | 1,318.35%% | |||
2,373,098.00 | 1,238.34%% | |||
677,227.00 | 1,105.23%% | |||
49,297.00 | 1,090.87%% | |||
112,230.00 | 1,068.17%% | |||
656,937.00 | 981.73%% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
26.61% | 35,026,885 | 147.76 | ||
26.59% | 36,636,155 | 267.26 | ||
12.40% | 103,750 | 2.94 | ||
11.35% | 146,161 | 33.99 | ||
11.32% | 813,010 | 27.49 | ||
9.32% | 36,773,656 | 65.89 | ||
7.02% | 25,234,915 | 869.40 | ||
6.15% | 294,553 | 248.41 | ||
5.03% | 1,276,475 | 1,709.00 | ||
4.92% | 3,332,910 | 391.63 |
Top 10 YTD Performers
Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
76.40% | -17.33% | 943.50 | ||
44.66% | -4.63% | 12,534.15 | ||
34.16% | -4.94% | 9.63 | ||
31.41% | -3.74% | 2,172.03 | ||
31.33% | -5.31% | 678.89 | ||
30.33% | -4.29% | 518.56 | ||
29.48% | -7.14% | 49.49 | ||
28.89% | -0.45% | 356.08 | ||
28.24% | -7.90% | 20,837.20 | ||
28.01% | -1.92% | 706.96 |
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.