Credit: Shutterstock photoInvestors plowed more than $11 billion into U.S.-listed exchange-traded funds in the past week, with a healthy piece of that devoted to income-focused strategies at a time when signs of an improving macroeconomic picture are creating worry that longer-dated bonds may lose value.
Total assets invested in U.S.-listed ETFs rose to almost $1.468 trillion in the five-day period ended Thursday, March 14-a 1.5 percent increase over the $1.446 trillion in the prior week, according to data compiled by IndexUniverse. The S&P 500 Index meanwhile rose a bit more than 1 percent.
The Nos. 2 and 3 funds on the creations list were the Vanguard Short-Term Bond ETF (NYSEArca:BSV) and the Vanguard High Dividend Yield ETF (NYSEArca:VYM), which gathered $1.24 billion and $1.10 billion, respectively.
The prominence of the two funds suggest that investors may be shoring up the income-producing portions of their portfolios with both short-dated bonds and dividend-paying stocks to protect themselves from the vagaries of owning longer-dated bonds should the bond prices begin to fall as official interest rates start climbing.
Topping the redemptions list were the world's two biggest equities funds focused on the developing markets:the iShares MSCI Emerging Markets Index Fund (NYSEArca:EEM) and the Vanguard FTSE Emerging Markets Index ETF (NYSEArca:VWO).
EEM lost $840.4 million and VWO had redemptions of $614.2 million.
Top 10 Creations (All ETFs)
Top 10 Redemptions (All ETFs)
ETF Weekly Daily 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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