On The Fly: ETF fund flow highlights

ETF fund flows for the week were deeply negative, by a factor 2 to 1. On the outflows side, the SPDR S&P 500 ETF (SPY) accounted for more than 71% of redemptions. With other S&P 500 sector funds included, the Financial Select Sector SPDR (XLF), Technology Select Sector SPDR (XLK), and Energy Select Sector SPDR (XLE), S&P 500 index and sector funds were over 82% of outflows. Total outflows were over -$15.9B. On the inflows side, the Invesco QQQ Trust (QQQ) was the leading fund at over 24.6% of inflows. A close second on inflows was the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) at over 23.6%. The remaining creations were much smaller in scale and without theme.