| 2021-05-07 13:52:05|
ARKK, SPSB… 13:52 05/07 05/07/21
On The Fly: ETF fund flow highlights
For the week creations bested redemptions among the top twenty ETFs by a factor greater than 1.1 to 1 per data from ETF.com. On the creations side it was S&P 500 products that dominated with over 56.5% of inflows. That group included SPDR S&P 500 ETF Trust (SPY), Financial Select Sector SPDR Fund (XLF), iShares Core S&P 500 ETF (IVV), and Health Care Select Sector SPDR Fund (XLV). Bonds were the next large flow targets including iShares Core Total USD Bond Market ETF (IUSB) and Vanguard Total Bond Market ETF (BND) at over 12% of flows. Redemptions were heavily skewed with the Invesco QQQ Trust (QQQ) at over 29% of outflows by itself. The second largest outflow was from the SPDR S&P Dividend ETF (SDY) at over 20%. Bond funds including the Schwab U.S. TIPS ETF (SCHP) and SPDR Portfolio Short Term Corporate Bond ETF (SPSB) combined were over 21% of redemptions. Last in terms of larger flows was the ARK Innovation ETF (ARKK) at over 10% of redemptions.