On The Fly: ETF fund flow highlights

For the week redemptions outpaced creations by a factor of over 3.8 to 1 per data from ETF.com. On the redemptions side, the single largest outflow by a very wide margin was out of the SPDR S&P 500 ETF Trust (SPY) at 35% of the more than $22B in redemptions. When combined with the outflow from the Technology Select Sector SPDR Fund (XLK) the total from S&P 500 ETFs was over 41%. Bonds in the form of the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) and SPDR Bloomberg Barclays High Yield Bond ETF (JNK) constituted over 19% of redemptions. The iShares Russell 2000 ETF (IWM) saw a notable outflow of over 9% of the top ten redemptions by dollar volume. On the creations side the Invesco QQQ Trust (QQQ) was over 24% of inflows and the SPDR Gold Trust (GLD) was a close second at over 21.8% of flows. Bond funds were prominent on the creations side too with inflows to the iShares 20+ Year Treasury Bond ETF (TLT), iShares Core U.S. Aggregate Bond ETF (AGG), Vanguard Total Bond Market ETF (BND), and Vanguard Short-Term Corporate Bond ETF (VCSH) comprising over 32% of flows into the top ten creations.