U.S. Equity and Fixed Income ETFs See Inflows Amid Banking Sector Concerns and Economic Uncertainty

Last week, U.S. equity exchange-traded funds saw inflows of $17.5 billion, with the SPDR S&P 500 ETF Trust (SPY), the Vanguard High Dividend Yield ETF (VYM), and the Vanguard Dividend Appreciation ETF (VIG) being the top asset gatherers, collectively luring in $8.5 billion. At the same time, U.S. fixed income funds gained $6.6 billion, with the iShares 7-10 Year Treasury Bond ETF (IEF) and the SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) seeing nearly $5 billion in inflows. Funds with the most outflows during the week included the Vanguard Short-Term Corporate Bond ETF (VCSH) and the Invesco QQQ Trust (QQQ), which together shed more than $4 billion.