April Kicks Off With $3.2 Billion in Outflows

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Investors pulled $3.2 billion from U.S.-listed ETFs to start April, with redemptions from the SPDR S&P 500 ETF Trust (SPY) leading the way.

SPY saw a sizable $6.5 billion in outflows—by far the largest of the day—as the former world's largest ETF continued to bleed assets. The iShares 20+ Year Treasury Bond ETF (TLT) also lost nearly $1 billion, reflecting continued volatility in long-term rates.

On the flip side, the iShares Core S&P 500 ETF (IVV) pulled in $1.7 billion, and the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) added $740 million, indicating selective buying in riskier fixed income.

By asset class, leveraged ETFs led inflows with $349.7 million, while U.S. equity ETFs posted the steepest outflows at $2.6 billion. Notably, international fixed income also saw significant outflows of over $500 million.

Despite the net redemptions, total ETF assets remained steady at $10.4 trillion.

Top 10 Creations (All ETFs)

Ticker

Name

Net Flows ($, mm)

AUM ($, mm)

AUM % Change

IVV

iShares Core S&P 500 ETF

1,684.84

581,551.30

0.29%

HYG

iShares iBoxx $ High Yield Corporate Bond ETF

739.90

15,852.78

4.67%

RSP

Invesco S&P 500 Equal Weight ETF

670.25

73,024.71

0.92%

VTI

Vanguard Total Stock Market ETF

502.48

442,156.41

0.11%

SOXL

Direxion Daily Semiconductor Bull 3x Shares

408.58

7,439.47

5.49%

VOO

Vanguard S&P 500 ETF

358.87

590,824.97

0.06%

XLE

Energy Select Sector SPDR Fund

280.30

33,409.43

0.84%

XLF

Financial Select Sector SPDR Fund

244.11

52,080.59

0.47%

QUAL

iShares MSCI USA Quality Factor ETF

230.77

48,675.32

0.47%

VEA

Vanguard FTSE Developed Markets ETF

229.26

144,083.38

0.16%

Top 10 Redemptions (All ETFs)

Ticker

Name

Net Flows ($, mm)

AUM ($, mm)

AUM % Change

SPY

SPDR S&P 500 ETF Trust

-6,540.59

569,468.28

-1.15%

TLT

iShares 20+ Year Treasury Bond ETF

-973.49

51,849.53

-1.88%

IWM

iShares Russell 2000 ETF

-548.75

63,336.14

-0.87%

IGV

iShares Expanded Tech-Software Sector ETF

-423.22

9,466.87

-4.47%

PDP

Invesco Dorsey Wright Momentum ETF

-303.73

1,200.93

-25.29%

SCHO

Schwab Short-Term US Treasury ETF

-284.90

10,667.74

-2.67%

IAGG

iShares Core International Aggregate Bond ETF

-265.17

6,719.26

-3.95%

BBHY

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF

-258.36

682.06

-37.88%

BBAG

JPMorgan BetaBuilders U.S. Aggregate Bond ETF

-216.81

1,331.92

-16.28%

GLD

SPDR Gold Shares

-201.09

93,250.11

-0.22%

ETF Daily Flows By Asset Class

 

Net Flows ($, mm)

AUM ($, mm)

% of AUM

Alternatives

48.04

9,857.86

0.49%

Asset Allocation

28.16

23,375.29

0.12%

Commodities ETFs

-187.71

200,310.71

-0.09%

Currency

-61.67

104,257.25

-0.06%

International Equity

57.78

1,630,249.60

0.00%

International Fixed Income

-522.54

280,933.01

-0.19%

Inverse

-58.41

14,006.74

-0.42%

Leveraged

349.73

100,434.01

0.35%

US Equity

-2,573.05

6,422,630.75

-0.04%

US Fixed Income

-247.50

1,638,114.65

-0.02%

Total:

-3,167.16

10,424,169.87

-0.03%

Disclaimer: All data as of 6 a.m. ET the date the article is published. Data are believed to be accurate; however, transient market data are often subject to subsequent revision and correction by the exchanges.