March 2020 Bond ETF Flow Report

What are fund flows telling us after an unprecedented week of volatility?

Bond ETF Fund Flows: Mid-March 2020

  • Unprecedented market volatility this week and the ETF fund flows tell us where the money is flowing.
  • As reported by ETF Action:
    • Net positive fund flows year-to-date for bond ETFs is over $38.5billion.
    • Last five business days bond funds have lost $6.15billion in flows.
  • Winners last 5 days:
    • U.S. Treasury Bond ETFs saw inflows of over $5.5billion
  • Outflow leaders the last 5 days:
    • High yield bond ETFs saw outflows of over $3.2billion
    • U.S. Treasury Long ETFs have seen outflows of over $500milion
    • Senior loan (Bank Loan) ETFs saw outflows of over $383million
    • Municipal bonds saw outflows of over $100million with high yield munis being the focus of outflows.

Sources: ETF Action. Data as 3/12/2020.

Bond ETF Assets Under Management


Source: ETF Action. Table is provided for illustrative purposes only. Past performance is not a guarantee of future results. (1) Not all ETFs represented here. FactSet classifications are used. Data as 3/12/2020.

Data Resources Used in this Report:

Analyst Disclosure:

  • At the time of this writing, JR Rieger owns individual municipal bonds and a municipal bond fund.

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