Rieger Report®: Bond ETF Fund Flows

Bond ETF Fund Flows: As of June 30, 2021

June saw bond ETF inflows slow but remain positive.

  • In aggregate, bond ETF assets now total over $1,188billion.
  • Broad based, investment grade bond ETFs had June flows of over $9billion and are the leaders in asset collection year-to-date.
  • Investor inflation concerns are reflected in the June inflows of $4.1illion into TIPS related ETFs. Year-to-date TIP ETFs have seen over $17billion in inflows.
  • Risk-on may be an overstatement. June saw junk bond ETFs saw modest positive inflows bringing their year-to-date total to about where they were when the year started.
  • 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 $75billion in assets as the asset class has been in strong demand.

Source: ETF Action. Data as 6/30/2021

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 6/30/2021.

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 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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