Ultumus (corporate bond ETF flows)


ETF Flows market-data provided by
www.ultumus.com.

ULTUMUS specialises in the distribution of exchange-traded fund (ETF) & index composition data. ULTUMUS provides analysis of inflows and outflows and assets under management (AUM) of Corporate Bond ETFs domiciled in Europe, in response to a request from ICMA.

The following graph depicts the evolution of aggregate monthly flows of over 90 corporate bond ETFs. The monthly flow is defined as the delta or difference between the number of shares outstanding at the start and the end of the month multiplied by the respective Net Asset Value (NAV) of each ETF.

Note: The composition of the underlying ETFs has been revised in September 2017 and is subject to amendments in the future to reflect more accurately the market.
 

Source: ULTUMUS


Top 5 inflows into European corporate bond ETFs – September 2017
Rank Share Class Short Name Primary
Ticker
Share Class
ISIN
Month Flow
(EUR)
% of total AUM
1
ISHARES GBL CORP BD USD DIST CORP IE00B7J7TB45 188,318,209 17.58%
2
ISHARES $ HIGH YLD CORP BD USD DIST SHYU IE00B4PY7Y77 136,671,895 3.70%
3
ISHARES € HIGH YLD CORP BD EUR DIST IHYG IE00B66F4759 119,696,904 2.20%
4
ISHARES £ ULTRASHRT BD GBP DIST
ERNS IE00BCRY6441 83,968,065 19.99%
5
ISHARES CORE € CORP BD EUR DIST
IEAC IE00B3F81R35 82,742,443 1.06%
Source: ULTUMUS

Top 5 outflows of European corporate bond ETFs – September 2017
Rank Share Class Short Name Primary
Ticker
Share Class
ISIN
Month Flow
(EUR)
% of total AUM
1
ISHARES € CORP BD EX FIN 1-5YR EUR DIST EEX5 IE00B4L5ZY03 -164,688,786 -9.12%
2
ISHARES € CORP BD EX FIN EUR DIST EEXF IE00B4L5ZG21 -135,971,626 -8.46%
3
ISHARES GBL CORP BD EUR HDG DIST CRPH IE00B9M6SJ31 -126,847,605 -8.71%
4
ISHARES $ CORP BD USD DIST LQDE IE0032895942 -109,543,470 -2.12%
5
DBX BARC USD CORP BD DR 1D XDGU IE00BZ036H21 -71,431,079 -15.66%
Source: ULTUMUS


The below chart reflects the growth of assets under management (AUM, at month’s end) of corporate bond ETFs in Europe.


Source: ULTUMUS

For ETFs denominated in currencies other than EUR, the conversion rates are based on the respective WM exchange rates (mid) at 4pm at month end.

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© International Capital Market Association (ICMA), Zurich, 2017. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means without permission from ICMA.