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USIG

iShares Broad USD Investment Grade Corporate Bond ETF

$60.76 /

-0.09 (-0.15%)

, IEF

iShares 7-10 Year Treasury Bond ETF

$115.73 /

-0.345 (-0.30%)

13:29
09/24/21
09/24
13:29
09/24/21
13:29

On The Fly: ETF fund flow highlights

The skew this week in fund flows was overwhelmingly a result of quad witch expiration and subsequent adjustments. Redemptions versus creations in the top twenty ETFs by dollar volume was 3.1 to 1 and at a very large net -$24B on the redemptions side. This certainly explains the drop in the indices on Monday of this week. Redemptions were largely from Vanguard products covering small, mid, and large cap. Those funds alone made up 60% or the top ten outflows. The single largest outflow was from the SPDR S&P 500 ETF Trust (SPY) at over 24% of redemptions. The creations side had a very heavy skew to index products. The top three creations, iShares Russell 2000 ETF (IWM), Vanguard S&P 500 ETF (VOO), and ProShares UltraPro QQQ (QQQ) comprised over 63.8% of inflows. Bond ETFs were over 17.7% of creations and included the Vanguard Short-Term Bond ETF (BSV), iShares 7-10 Year Treasury Bond ETF (IEF), and iShares Broad USD Investment Grade Corporate Bond ETF (USIG).

USIG

iShares Broad USD Investment Grade Corporate Bond ETF

$60.76 /

-0.09 (-0.15%)

IEF

iShares 7-10 Year Treasury Bond ETF

$115.73 /

-0.345 (-0.30%)

BSV

Vanguard Short-Term Bond Index Fund

$81.95 /

-0.04 (-0.05%)

QQQ

Invesco QQQ Trust

$372.72 /

-0.21 (-0.06%)

VOO

Vanguard S&P 500 ETF

$409.06 /

+0.41 (+0.10%)

IWM

iShares Trust Russell 2000 Index Fund

$223.91 /

-0.221033 (-0.10%)

SPY

SPDR S&P 500 ETF Trust

$443.48 /

+0.39 (+0.09%)

USIG iShares Broad USD Investment Grade Corporate Bond ETF
$60.76 /

-0.09 (-0.15%)

IEF iShares 7-10 Year Treasury Bond ETF
$115.73 /

-0.345 (-0.30%)

BSV Vanguard Short-Term Bond Index Fund
$81.95 /

-0.04 (-0.05%)

QQQ Invesco QQQ Trust
$372.72 /

-0.21 (-0.06%)

VOO Vanguard S&P 500 ETF
$409.06 /

+0.41 (+0.10%)

IWM iShares Trust Russell 2000 Index Fund
$223.91 /

-0.221033 (-0.10%)

03/15/21 Morgan Stanley
Morgan Stanley equity strategist downgrades small cap stocks
SPY SPDR S&P 500 ETF Trust
$443.48 /

+0.39 (+0.09%)

08/04/21 Citi
Citi sees 10-year yield rising to 2%, cuts 'tech-heavy' U.S. to Neutral
03/12/21
On The Fly: Weekly technical notes for S&P 500
01/07/21 Credit Suisse
Credit Suisse raises 2021 S&P 500 target to 4,200, sees 12% upside

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