Rieger Report®: Bond ETF Fund Flows

Posted on by riegerreport

Bond ETF Fund Flows: As of May 29, 2020

  • Bond markets react to Fed intervention by shifting to “risk-on”. Assets Under Management (AUM) of fixed income ETFs ended at $924billion (up from $888billion at month-end April).
  • As reported by ETF Action:
    • During the last five business days bond ETFs have gained $8.659billion in flows
    • Net flows for the year are a positive $62billion
    • Winners year-to-date:
        • U.S. Treasury bond ETFs saw inflows of over $25.7billion
        • Investment grade corporate bonds inflows YTD were over $20.8billion
        • High yield corporate bond ETFs flows were $11.45billion YTD
    • Outflow leaders year-to-date:
        • Senior loan (Bank Loan) floating rate funds have seen outflows of $2.64billion
        • U.S. Treasury inflation linked ETFs have seen outflows of over $2.4billion
        • Long U.S. Treasury bond ETFs have lost assets totaling over $1.5billion

Source: ETF Action. Data as 5/29/2020.

Bond ETF Assets Under Management

RiegerReport_053120_1-1

Source: ETF Action. Table is provided for illustrative purposes only. Past performance is not a guarantee of future results. (1) Not all ETFs or asset classes represented here. (2) Excluding floating rate. FactSet classifications are used. Data as 5/29/2020.

Data Resources Used in this Report:

ETF Action: www.etfaction.com

Analyst Disclosure:

At the time of this writing, JR Rieger’s fixed income related holdings include investment grade individual municipal bonds, insured municipal bonds, a municipal bond money market fund and a position in the VanEck Vectors High-Yield Municipal Index ETF (HYD).

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