Rieger Report®: Bond ETF Fund Flows

Bond ETF Fund Flows: As of April 30, 2021

In total, bond ETF assets regained their collection momentum as money moved in at a faster pace.

  • In aggregate, bond ETF assets now total over $1,141billion.
  • Broad based, investment grade bond ETFs had April inflows of over $11billion and are the leaders in asset collection year-to-date.
  • Investor inflation concerns are reflected in the April inflows of $3.9illion into TIPS related ETFs. Year-to-date TIP ETFs have seen $11billion in inflows.
  • Risk-Off is now Risk-On. April saw junk bond ETFs see inflows of $2.5billion helping reduce their year-to-date deficit to about $660million.
  • Senior loans, long the “don’t touch this” asset class, have now seen a resurgence as senior loan yields have been attractive relative to fixed rate junk. Senior loan ETFs have seen a $5billion inflow year-to-date and $1.8million in the last 30-days.
  • Municipal bond ETFs now total over $71billion in assets as the asset class has enjoyed strong demand driven by expectations of higher taxes in the future.

Source: ETF Action. Data as 4/30/2021.

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 or asset classes represented here. (2) Excluding floating rate. FactSet classifications are used.  Data as 4/30/2021.

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).

Click here for a print friendly version of the report.


Copyright © 2021 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.