Credit: Shutterstock photoInvestors plowed $2.27 billion into the iShares Barclays 3-7 Year Treasury Bond Fund (NYSEArca:IEI) in the past week, the latest development in a fixed-income flows story involving the ETF in connection with expectations surrounding the Fed's plans to begin winding down its five years of ultra-loose monetary policy.
IEI has pulled in assets only to lose them almost as quickly, and the ProShares Ultra 7-10 Year Treasury ETF (NYSEArca:UST), a double-exposure fund with a bit more duration than IEI, has been part of the conspicuous yield-curve posturing of the past few months as well. Indeed, in the past week, UST again went from having almost no assets to almost $667 million in the span of five trading days.
Overall, total assets in U.S.-listed ETFs rose almost 1 percent to $1.448 trillion, according to data compiled by IndexUniverse. A small part of the asset increase was attributable to the S&P 500 Index's 2.21-point increase to 1,615.41 in the week ended Wednesday, July 3. U.S. and international fixed-income funds made up more than half of the $7.57 billion in total inflows.
That move didn't include the S&P's 1 percent move on Friday, July 5, in the wake of the latest U.S. payrolls data, showing that 195,000 jobs were created in June, exceeding analysts' expectations, and fueling further speculation that the Federal Reserve is likely to start ending its quantitative easing sometime this year. Ten-year Treasurys rose to a two-year high of 2.70 on the news.
Last week's least popular exchange-traded fund was the ProShares Ultra S&P 500 ETF (NYSEArca:SSO), a double-exposure fund that bled $1.13 billion, or more than 40 percent of its assets.
Top 10 Creations (All ETFs)
Top 10 Redemptions (All ETFs)
ETF Weekly Flows By Asset Class
Top 10 Volume Surprises, Funds 'gt;$50 mm AUM
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and 'lt;1,000 Shares Traded
Top 10 YTD Performers
Bottom 10 YTD Performers
Disclaimer:All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.
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