| 2020-04-03 13:15:35|
SPY, QQQ… 13:15 04/03 04/03/20
On The Fly: ETF fund flow highlights
For the week ETF fund flows among the top twenty saw redemptions best creations by a factor of 1.48 to 1. The single largest outflow on the redemptions side was from the SPDR S&P 500 ETF (SPY) at over 45% of flows. The Invesco QQQ Trust (QQQ) was the second largest single fund redemption at over 14%. Bond ETFs saw notable redemptions as well in the form of the SPDR Portfolio Short Term Treasury ETF (SPTS), iShares 1-3 Year Treasury Bond ETF (SHY), Vanguard Short-Term Bond ETF (BSV), and Vanguard Total Bond Market ETF (BND). Those bond ETFs summed to over 19% of outflows. On the creations side the single largest inflow was into the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), which was over 27% of creations. S&P 500 ETFs in the form of the iShares Core S&P 500 ETF (IVV), iShares S&P 500 Value ETF (IVE), Vanguard S&P 500 ETF (VOO), ProShares Short S&P500 (SH), and iShares S&P 500 Growth ETF (IVW) comprised over 45.9% of inflows.