$3.28B flows lift VOO creation as SGOV, GLD draw demand
Vanguard S&P 500 ETF (VOO) saw $3.28 billion in Thursday’s biggest creation. iShares 0-3 Month Treasury Bond ETF (SGOV) added $1.8 billion and SPDR Gold Trust (GLD) pulled in $1.4 billion, while IVV, SPYM and QQQ posted outflows.
ETF investors poured $3.28 billion into Vanguard S&P 500 ETF (NYSE: VOO ) in Thursday’s session, making it the day’s biggest creation. iShares 0-3 Month Treasury Bond ETF (NYSE: SGOV ) attracted $1.8 billion, while SPDR Gold Trust (NYSE: GLD ) pulled in $1.4 billion. iShares 1-3 Year Treasury Bond ETF (NASDAQ: SHY ) added $456.9 million. On the redemption side, iShares Core S&P 500 ETF (NYSE: IVV ) saw $1.76 billion outflows, followed by State Street SPDR Portfolio S&P 500 ETF (NYSE: SPYM ) at $1.25 billion and Invesco QQQ ETF (NASDAQ: QQQ ) at $849.2 million.
At the asset-class level, U.S. fixed-income ETFs led with $3.46 billion of net inflows, followed by commodities ETFs at $1.37 billion. U.S. equity ETFs posted a $71.6 million outflow, while total ETF flows reached $5.34 billion.
Largest creation among ETFs was partly offset by withdrawals from other major equity funds, including IVV, SPYM, QQQ and SPY. The strongest asset-class signal came from fixed income, with U.S. fixed-income ETFs attracting $3.46 billion in inflows, led by demand for short-duration Treasury exposure via SGOV and SHY. Commodities also drew substantial interest, with $1.37 billion flowing into the category, largely reflecting GLD’s $1.40 billion haul.
The data suggests investors were not simply abandoning risk assets, instead showing a preference for a mix of broad-market equity exposure, short-term government debt and gold.