'BBJP' 2nd-Fastest ETF To $1B Assets
The JPMorgan BetaBuilders Japan ETF saw its assets under management explode almost 6,000% this week.
A continued rally in the U.S. stock market helped fuel solid inflows for ETFs this week. In total, $6.1 billion flowed into U.S.-listed ETFs during the week ending Thursday, July 19, bringing year-to-date inflows to $137.1 billion.
'BBJP' Assets Explode
The Invesco QQQ Trust (QQQ) was the ETF to capture the largest inflows this week―$1.2 billion―but the week belonged to another fund, the JPMorgan BetaBuilders Japan ETF (BBJP). Inflows for BBJP totaled more than $1 billion during the period, which is remarkable considering the fund had less than $10 million in assets a little over a week ago.
With only a month and change since its launch, BBJP becomes the second-fastest ETF to reach the $1 billion milestone, only behind the SPDR Gold Trust (GLD), which did it in three days, and ahead of the PIMCO Active Bond ETF (BOND), which did it in less than three months.
Other Winners
While BBJP's 5,900% asset explosion was the flows story of the week, there were several other noteworthy funds to make the top inflows list.
On the equity side, the iShares MSCI Europe Financials ETF (EUFN) picked up inflows of $261 million, equaling a 18.5% jump in its assets under management. At the same time, on the fixed income side, the Vanguard Intermediate-Term Treasury Index ETF (VGIT) had inflows of $478 million, a 21% increase in its AUM.
In terms of asset classes, U.S. equity ETFs garnered the largest net inflows at $2.8 billion, followed by international equity ETFs at $1.5 bilion, U.S. fixed income ETFs at $1.3 billion and international fixed-income ETFs at $519 million.
For a full list of this week's top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
QQQ | Invesco QQQ Trust | 1,165.54 | 70,239.97 | 1.69% |
BBJP | JPMorgan BetaBuilders Japan ETF | 1,019.07 | 1,036.37 | 5,890.57% |
XLF | Financial Select Sector SPDR Fund | 732.44 | 31,735.03 | 2.36% |
VTV | Vanguard Value ETF | 625.73 | 41,078.59 | 1.55% |
XLI | Industrial Select Sector SPDR Fund | 591.31 | 12,873.26 | 4.81% |
VGIT | Vanguard Intermediate-Term Treasury Index ETF | 478.28 | 2,765.67 | 20.91% |
VGSH | Vanguard Short-Term Treasury Index ETF | 451.41 | 3,085.53 | 17.14% |
EMB | iShares JP Morgan USD Emerging Markets Bond ETF | 325.57 | 13,306.48 | 2.51% |
EUFN | iShares MSCI Europe Financials ETF | 260.51 | 1,670.58 | 18.48% |
SPYG | SPDR Portfolio S&P 500 Growth ETF | 229.12 | 3,157.92 | 7.82% |
Top 10 Redemptions (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
SPY | SPDR S&P 500 ETF Trust | -2,603.31 | 266,343.47 | -0.97% |
IWM | iShares Russell 2000 ETF | -899.63 | 46,702.88 | -1.89% |
EWJ | iShares MSCI Japan ETF | -518.99 | 17,681.37 | -2.85% |
IEF | iShares 7-10 Year Treasury Bond ETF | -327.69 | 8,429.39 | -3.74% |
IEI | iShares 3-7 Year Treasury Bond ETF | -263.46 | 7,339.77 | -3.47% |
XLU | Utilities Select Sector SPDR Fund | -262.61 | 7,486.41 | -3.39% |
EWZ | iShares MSCI Brazil ETF | -243.59 | 6,774.23 | -3.47% |
IVE | iShares S&P 500 Value ETF | -237.26 | 14,612.73 | -1.60% |
CIU | iShares Intermediate Credit Bond ETF | -207.48 | 6,405.83 | -3.14% |
BIV | Vanguard Intermediate-Term Bond ETF | -145.63 | 13,466.13 | -1.07% |
ETF Weekly Flows By Asset Class
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 2,781.81 | 2,071,615.97 | 0.13% |
International Equity | 1,499.23 | 798,010.56 | 0.19% |
U.S. Fixed Income | 1,258.90 | 560,831.93 | 0.22% |
International Fixed Income | 518.97 | 63,078.97 | 0.82% |
Commodities ETFs | -91.06 | 62,760.54 | -0.15% |
Currency | -30.76 | 1,157.51 | -2.66% |
Leveraged | 410.32 | 37,377.88 | 1.10% |
Inverse | -238.62 | 12,894.13 | -1.85% |
Asset Allocation | 5.66 | 9,370.68 | 0.06% |
Alternatives | 14.39 | 4,419.94 | 0.33% |
Total: | 6,128.85 | 3,621,518.11 | 0.17% |
Asset Classes (Year-to-Date)
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 43,660.86 | 2,071,615.97 | 2.11% |
International Equity | 31,226.62 | 798,010.56 | 3.91% |
U.S. Fixed Income | 48,481.21 | 560,831.93 | 8.64% |
International Fixed Income | 6,641.64 | 63,078.97 | 10.53% |
Commodities ETFs | 925.54 | 62,760.54 | 1.47% |
Currency | -29.01 | 1,157.51 | -2.51% |
Leveraged | 2,855.57 | 37,377.88 | 7.64% |
Inverse | 2,520.15 | 12,894.13 | 19.54% |
Asset Allocation | 611.29 | 9,370.68 | 6.52% |
Alternatives | 160.52 | 4,419.94 | 3.63% |
Total: | 137,054.38 | 3,621,518.11 | 3.78% |
Top 10 Volume Surprises, Funds >$50 mm AUM
Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
XHS | SPDR S&P Health Care Services ETF | 12,601 | 47,727 | 378.76% |
IYK | iShares U.S. Consumer Goods ETF | 47,543 | 144,459 | 303.85% |
JHMF | John Hancock Multifactor Financials ETF | 3,689 | 11,888 | 322.30% |
FALN | iShares Fallen Angels USD Bond ETF | 30,470 | 104,330 | 342.40% |
BIZD | VanEck Vectors BDC Income ETF | 59,667 | 142,230 | 238.37% |
EUFN | iShares MSCI Europe Financials ETF | 2,387,611 | 6,145,605 | 257.40% |
HUSE | US Market Rotation Strategy ETF | 27,253 | 70,435 | 258.45% |
PSCI | Invesco S&P SmallCap Industrials ETF | 13,823 | 30,268 | 218.98% |
ESGE | iShares MSCI EM ESG Optimized ETF | 82,029 | 174,071 | 212.21% |
IBDS | iShares iBonds Dec 2027 Term Corporate ETF | 29,892 | 108,398 | 362.64% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
ARGT | Global X MSCI Argentina ETF | 3.89% | 113,868 | 144.30 |
IAI | iShares U.S. Broker-Dealers & Securities Exchanges ETF | 3.75% | 203,690 | 446.70 |
MLPY | Morgan Stanley Cushing MLP High Income Index ETN | 3.73% | 3,169 | 446.70 |
KBWB | Invesco KBW Bank ETF | 3.69% | 1,041,190 | 1,025.31 |
AGT | iShares MSCI Argentina and Global Exposure ETF | 3.68% | 27,452 | 37.61 |
XLF | Financial Select Sector SPDR Fund | 3.52% | 229,888,033 | 31,735.03 |
FMDG | Fieldstone Merlin Dynamic Large Cap Growth ETF | 3.47% | 1,505 | 7.55 |
FNCF | iShares Edge MSCI Multifactor Financials ETF | 3.46% | 1,928 | 8.64 |
TUR | iShares MSCI Turkey ETF | 3.27% | 2,488,665 | 281.95 |
FNCL | Fidelity MSCI Financials Index ETF | 3.25% | 816,297 | 1,573.15 |
Top 10 YTD Performers
Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
VMAX | REX VolMAXX Long VIX Futures Strategy ETF | 52.78% | 1.08% | 2.55 |
PSCH | Invesco S&P SmallCap Health Care ETF | 38.33% | 0.65% | 919.27 |
XWEB | SPDR S&P Internet ETF | 36.22% | 1.14% | 46.50 |
FDN | First Trust Dow Jones Internet Index Fund | 31.49% | 0.72% | 9,634.24 |
PTH | Invesco DWA Healthcare Momentum ETF | 30.23% | 0.96% | 261.70 |
IBUY | Amplify Online Retail | 29.67% | 1.44% | 509.97 |
XITK | SPDR FactSet Innovative Technology ETF | 29.58% | 0.98% | 50.60 |
ARKK | ARK Innovation ETF | 28.18% | -0.90% | 1,214.40 |
ARKG | ARK Genomic Revolution Multi-Sector ETF | 28.17% | -2.21% | 234.97 |
PSJ | Invesco Dynamic Software ETF | 28.08% | 0.75% | 236.47 |
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.