To The Moon

ETF inflows kicked off August on a strong note as investors added $8.4 billion of new money to their holdings during the week ending Friday, Aug. 5. That included $4 billion of inflows for U.S. equity ETFs and $5.2 billion of inflows for U.S. fixed income ETFs.

Year to date, net inflows for U.S.-listed ETFs now stand at $350.7 billion, compared with $525.9 billion at this same time a year ago.

Topping last week’s inflows charts was the $Vanguard Short-Term Corporate Bond ETF(VCSH)$, which gathered $2.1 billion in assets. Investors seemed to be taking advantage of higher rates on short-term bonds following the Fed’s recent 75 basis point interest rate hike.

But the bond ETF buying wasn’t limited to short maturities. The $iShares 20+ Year Treasury Bond ETF(TLT)$ picked up $973 million, while high-yield corporate bond ETFs like the $SPDR Bloomberg High Yield ETF(JNK)$ and the $iShares Broad USD High Yield Corporate Bond ETF(USHY)$ were also popular, with weekly inflows of more than $700 million apiece.

High-yield spreads over Treasuries have narrowed in recent weeks as recession fears have ebbed.

On the outflows side of the ledger, commodities took the top spot, with weekly redemptions of just over $1 billion.

However, no commodity ETFs made an appearance on the weekly top 10 redemptions list. Rather, the $SPDR Portfolio S&P 500 High Dividend ETF(SPYD)$, the $SPDR S&P Dividend ETF(SDY)$ and the $Invesco QQQ Trust(QQQ)$ took the top three spots.