Rieger Report®: Bond ETF Fund Flows

Bond ETF Fund Flows: As of July 31, 2020

The last 30 days have seen investor sentiment shift towards towards investment grade bonds as broad based and investment grade corporate bond ETFs saw powerful cash inflows. Overall, bond ETFs have continued to collect assets as fixed income ETFs ended July at $1.01billion in total assets under management (up from $965billion at month-end June).

As reported by ETF Action:

  • Net flows for the year for bond ETFs are a positive $126billion
  • Broad based bond ETFs seem to be in vogue as 30-day inflows totaled over $17billion
  • Inflation seems to be a concern as TIP ETFs have seen inflows of over $5.25billion in the last 30 days.

Winners year-to-date:

  • Investment grade corporate bond ETFs saw inflows of over $45billion year-to-date
  • Broad based bond ETFs have attracted over $30billion
  • High yield corporate bond ETFs have seen inflows of over $18billion

Laggards year-to-date:

  • Senior loan (Bank Loan) floating rate funds have seen outflows of $2.6billion
  • Long U.S. Treasury bond ETFs have managed to pair their losses and are about where they started 2020

Source: ETF Action. Data as 7/31/2020.

Bond ETF Assets Under Management

RiegerReport_073120_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 7/31/2020

Data Resources Used in this Report:

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)

Click here for a print friendly version of the report.

Copyright © 2020 Rieger Report® LLC. All rights reserved. Redistribution in whole or in part is prohibited without written permission of the Rieger Report® LLC. All information provided by the Rieger Report® LLC is for informational purposes only, impersonal, and not tailored to the needs of any person, entity or group or persons. It should not be considered financial advice. The Rieger Report® LLC receives compensation in connection with licensing its research, advertising on its website, speaking and consulting services.
Past performance of any investment product or index referenced in the Rieger Report® is not an indication of or guarantee of future results.
The Rieger Report® LLC is not an investment advisor, and the Rieger Report® LLC makes no representation regarding the advisability of investing in any such investment fund or other investment vehicle. A decision to invest in any such investment fund or other investment vehicle should not be made in reliance on any statements set forth in this document. Prospective investors are advised to make an investment in any such fund or other vehicle only after carefully considering the risks associated with investing in such funds, as detailed in an offering memorandum or similar document that is prepared by or on behalf of the issuer of the investment fund or other investment product or vehicle. A financial advisor should be contacted to determine what may be best for your individual needs. The Rieger Report® LLC is not a financial or tax advisor. A tax advisor should be consulted to evaluate the impact of any tax-exempt securities on portfolios and the tax consequences of making any particular investment decision. No legal relationship is created between you and Rieger Report® LLC.
The Rieger Report® LLC does not act as a fiduciary or investment advisor. While the Rieger Report® LLC has obtained information from sources it believes to be reliable, the Rieger Report® LLC does not perform any audit or undertake verification of any information it receives.
The Rieger Report® Rankings are opinions of relative ranking among the peer group analyzed as of the date expressed and not statements of facts. Rieger Report® model portfolios are intended for illustration only. Any opinion or analysis decisions are not to be construed as recommendations to purchase, hold or sell any securities or to make any investment decisions, and do not address the suitability of any security. The Rieger Report® LLC does not assume any obligation to update the content in this publication in any form or format.
Your use of any information from this document or presentation is at your own risk and without recourse against Rieger Report® LLC, its members, managers, or employees. To the maximum extent permitted by law, Rieger Report® LLC disclaims any and all liability in the event any information, commentary, analysis, and/or opinions prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses.