November 2019 Bond ETF Flow Report

What are the Bond ETF Flows Telling Us?

  • November saw bond related ETFs see net inflows of over $8.9billion indicating a relatively risk off environment.
  • Broad fixed income ETFs raked in most of that with a total of over $6.3billion flowing into those broad categories.
  • Other asset classes attracting assets include:
    • Municipal bond ETFs gained $1.6billion
    • Corporate bond ETFs gained over $907million (However, lots of movement across funds including some significant outflows for LQD, JNK, & HYG)
    • MBS ETFs continue to grow with an additional $797million in assets being added.
  • Notable flows:
    • iShares Core U.S. Aggregate (AGG): +$1.1billion
    • Vanguard Total Bond (BND): +$982million
    • iShares 20+ Year U.S. Treasury (TLT): -$1.03billion
    • The two leading high yield iShares (HYG) and SPDR (JNK) lost a total of $1.05billion in assets.

Bond ETF Flows November 2019:

RiegerReport_120219_1-1

Note: Not all fixed income asset classes are represented here.

Source: First Bridge Data. Table is provided for illustrative purposes only. Past performance is not a guarantee of future results. Data as of 11/29/2019.

RiegerReport_120219_1-2

Source: First Bridge Data. Table is provided for illustrative purposes only. Past performance is not a guarantee of future results. Data as of 11/29/2019. 

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