Investors Pump $9.0 Billion Into Equity Funds Amid Rising Expectations Of Market Volatility

Sector technology ETFs and sector real estate ETFs suffered the largest net outflows among the sub-groups (-$756 million and -$677 million, respectively). Coming off its eight largest weekly outflows to date, sector technology ETFs have seen outflows four weeks in a row. Sector real estate ETFs have gone back-to-back weeks with net outflows.

Over the past fund-flows week, there were two equity ETFs which attracted more than $1.0 billion: Invesco QQQ Trust 1 (QQQ, +$1.7 billion) and iShares: Core MSCI EAFE (IEFA, +$1.4 billion). Prior to this week, Invesco QQQ Trust 1 saw three straight weeks of outflows of more than $1.1 billion. iShares: Core S&P 500 (IVW, -$1.1 billion), iShares: Russell 2000 ETF (IWM, -$859 million), and iShares: US Real Estate ETF (IYR, -$842 million) saw the largest net redemptions during the week.

Exchange-Traded Fixed Income Funds

Bouncing back after $1.7 billion in net outflows, exchange-traded fixed income funds drew in $2.6 billion. Fixed income ETFs also had negative performance on average (-0.38%). This marks the macro-group’s sixth week of net inflows over the past seven.

Corporate investment grade ETFs attracted $1.4 billion in weekly net inflows, making them the top sub-group of fixed income ETFs in terms of flows. Following the trend of the macro-group, corporate investment grade ETFs also record their sixth week of net inflows over the past seven. Following closely behind, government-Treasury ETFs logged $1.4 billion in weekly inflows, recording its first week of net subscriptions in three.

Corporate high yield ETFs were the largest detractor of the macro group, reporting $1.1 billion of outflows and their second week in a row seeing outflows of more than $1.0 billion.

iShares: 20+ Treasury Bond ETF (TLT, +$543 million), iShares: TIPS Bond ETF (TIP, +$393 million), and SPDR Portfolio Short Term Treasury (SPTS, +$362 million) pulled the largest amounts of net new money of all individual taxable fixed income ETFs. On the flip side, SPDR Bbg Barclays High Yield Bond (JNK, -$825 million) and iShares:iBoxx $High Yield Corporate (HYG, -$269 million) suffered the largest individual net redemptions.

Conventional Equity Funds

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