Rieger Report®: Bond ETF Fund Flows

Bond ETF Fund Flows: As of October 16, 2020

Total bond ETF assets under management have grown and now total over $1,053billion, up approximately $21billion since month-end September.

  • Net bond ETF flows are a positive $174billion year-to-date
  • Broad based bond ETFs remain in vogue as 30-day inflows totaled over $12.5billion
  • “Risk-off” remains the trend as 30-day fund flows remain negative for high yield bond ETFs with an outflow of over $1.71billion however these outflows have slowed from $4.5billion loss in September.
  • Inflation seems to remain a concern but positive flows into TIP ETFs continue to slow down. 30-day inflows into TIP ETFs for were $1.26billion, down from $2.75billion for the month of September.

Winners year-to-date:

  • Investment grade corporate bond ETFs saw inflows of over $56.9billion year-to-date
  • Broad based bond ETFs have attracted over $51.5billion
  • High yield corporate bond ETFs have seen inflows of over $19.9billion

Laggards year-to-date:

  • Senior loan (Bank Loan) floating rate funds have seen outflows of $2.53billion
  • Long U.S. Treasury bond ETFs have seen net positive inflows of $1.2billion

Source: ETF Action. Data as 10/16/2020.

Bond ETF Assets Under Management

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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 10/16/2020.

Data Resources Used in this Report:

Analyst Disclosure:

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

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