On The Fly: ETF fund flow highlights

For the week, fund flows among the top twenty ETFs were down relative to the heavy weeks of the end of December and of last week. The skew was also far narrower between creations and redemption, at a factor of 1.1 to 1 per data from ETF.com. On the creations side, over 57.9% or inflows were to bond funds of various durations and geographies. Investment grade (LQD) as well as High Yield (HYG) saw strong inflows along with Emerging Markets bonds (IEMG). On the redemptions side, the SPDR S&P 500 (SPY) along with sector funds accounted for over half of all outflows. The two sectors seeing selling were the Financials (XLF) and Consumer Discretionary (XLY).