March 20, 2020 Bond ETF Flow Report

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

Bond ETF Fund Flows: As of March 20, 2020

  • Volatility continued into the third week of March. Flight to shorter Risk-Off exposure continues. Only U.S. Treasury bond ETFs saw net positive 5-day fund flows.
  • As reported by ETF Action:
    • During the last five business days bond funds have lost $22billion in flows
    • Net flows for the year remain positive at over $10billion
    • Winners last 5 days:
      • U.S. Treasury Bond ETFs saw inflows with $1.5billion
    • Outflow leaders the last 5 days:
      • Broad based fixed income ETFs have seen outflows of nearly $16billion
      • High yield bond ETFs have seen outflows of over $6billion
      • Long U.S. Treasury bond ETFs have seen outflows of $4.6billion
      • Investment grade corporate bond ETFs have seen outflows of $2.5billion

Sources: ETF Action. Data as 3/20/2020.

Bond ETF Assets Under Management

RiegerReport_032220_1

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. (2) Excluding floating rate. FactSet classifications are used. Data as 3/20/2020.

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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