| 2021-10-22 14:58:43|
SPY, XLF… 14:58 10/22 10/22/21
On The Fly: ETF fund flow highlights
For the week creations exceeded redemptions in the top twenty dollar-volume ETFs by a factor of over 2.2 to 1, per data from ETF.com. On the creations side it was S&P 500 ETFs that were the biggest attractor of inflows. The SPDR S&P 500 ETF Trust (SPY) was the single largest inflow at over 27% and when summed with the Financial Select Sector SPDR Fund (XLF), Vanguard S&P 500 ETF (VOO), and iShares Core S&P 500 ETF (IVV) constituted nearly 50% of flows. Bonds saw notable inflows of over 30% including the iShares iBoxx USD High Yield Corporate Bond ETF (HYG), iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), SPDR Bloomberg Barclays High Yield Bond ETF (JNK), and Vanguard Intermediate-Term Treasury Index ETF (VGIT). A newcomer to ETFs, the ProShares Bitcoin Strategy ETF (BITO) was over 10% of creations. On the redemptions side the skews were smaller in scale and there was not much in the way of a theme. The single-largest outflow was from the First Trust Capital Strength ETF (FTCS) at over 26% of redemptions. The iShares Russell 2000 Value ETF (IWN) was the next largest fund outflow at over 14.3%. Bonds saw significant outflows from the iShares 3-7 Year Treasury Bond ETF (IEI), Vanguard Intermediate-Term Corporate Bond ETF (VCIT), and the iShares 20+ Year Treasury Bond ETF (TLT) which together comprised 26% of redemptions.