| 2021-07-23 13:53:00|
IEF, XLV… 13:53 07/23 07/23/21
On The Fly: ETF fund flow highlights
For the week redemptions outpaced creations by a factor of over 1.48 to 1, per data from ETF.com. On the redemptions side the overwhelming majority of outflows were from major index ETFs. The SPDR S&P 500 ETF Trust (SPY), Invesco QQQ Trust (QQQ), iShares U.S Transportation Average ETF (IYT), and SPDR Dow Jones Industrial Average ETF Trust (DIA) comprised over 69.8% of redemptions from the top twenty funds. Bond funds in the form of the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD) and iShares 20+ Year Treasury Bond ETF (TLT) summed to over 7.9% of outflows. On the creations side index also dominated the flow story but most especially S&P 500 ETFs. The iShares Core S&P 500 ETF (IVV), Vanguard S&P 500 ETF (VOO), Consumer Staples Select Sector SPDR Fund (XLP), and Health Care Select Sector SPDR Fund (XLV) were over 51% of inflows. iShares 7-10 Year Treasury Bond ETF (IEF) made up another 14.6% of inflows.