Europe ETF Fuels Strong Weekly Inflows

Investors added to their ETF holdings this week ahead of the Memorial Day weekend in the U.S. On net, $24.1 billion flowed into U.S.-listed ETFs during the week ending Thursday, May 27, bringing year-to-date inflows up to $393.5 billion. That compares to year-to-date inflows of $137.9 billion at this same time a year ago.

The S&P 500 hovered near record highs this week as growth stocks continued to rebound from their steep losses earlier this month. U.S. equity ETFs pulled in $11.1 billion of fresh cash during the period.

International stocks also did well; the MSCI Europe Index hit a record high this week, surpassing previous peaks from the years 2000 and 2007.

The JPMorgan BetaBuilders Europe ETF (BBEU) was one of the top asset gatherers of the week, pulling in $1.1 billion of new money.

Joining BBEU on the weekly top inflows list were the SPDR S&P 500 ETF Trust (SPY), the Invesco QQQ Trust (QQQ) and the iShares MSCI USA Quality Factor ETF (QUAL).

SPLV’s Heartbeat Trade

On the other side of the ledger, the Invesco S&P 500 Low Volatility ETF (SPLV) topped the outflows list. Its nearly $2 billion of outflows reversed a similarly-sized inflow from last week, suggesting this was the second leg of a tax-related heartbeat trade.

Meanwhile, the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), the Financial Select Sector SPDR Fund (XLF) and the iShares Core S&P 500 ETF (IVV) each saw weekly outflows of more than $500 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
SPY	SPDR S&P 500 ETF Trust	3,006.23	359,450.44	0.84%
QQQ	Invesco QQQ Trust	2,819.59	162,002.34	1.74%
QUAL	iShares MSCI USA Quality Factor ETF	1,220.64	21,745.64	5.61%
BBEU	JPMorgan BetaBuilders Europe ETF	1,143.74	8,434.78	13.56%
VOO	Vanguard S&P 500 ETF	781.60	225,171.54	0.35%
JNK	SPDR Bloomberg Barclays High Yield Bond ETF	738.58	10,622.94	6.95%
BSV	Vanguard Short-Term Bond ETF	617.37	33,848.23	1.82%
VTI	Vanguard Total Stock Market ETF	543.15	242,807.91	0.22%
SCHO	Schwab Short-Term U.S. Treasury ETF	536.26	9,465.97	5.67%
USD	ProShares Ultra Semiconductors	516.85	245.01	210.95%

 

Top 10 Redemptions (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
SPLV	Invesco S&P 500 Low Volatility ETF	-1,964.30	8,129.00	-24.16%
LQD	iShares iBoxx USD Investment Grade Corporate Bond ETF	-1,167.17	41,019.44	-2.85%
XLF	Financial Select Sector SPDR Fund	-573.69	43,956.42	-1.31%
IVV	iShares Core S&P 500 ETF	-502.94	278,940.52	-0.18%
IHI	iShares U.S. Medical Devices ETF	-497.38	8,026.50	-6.20%
TLT	iShares 20+ Year Treasury Bond ETF	-468.79	12,723.93	-3.68%
USMV	iShares MSCI USA Min Vol Factor ETF	-463.20	27,861.45	-1.66%
SPHB	Invesco S&P 500 High Beta ETF	-410.04	2,078.74	-19.73%
SMH	VanEck Vectors Semiconductor ETF	-347.82	5,316.10	-6.54%
IYR	iShares U.S. Real Estate ETF	-307.42	4,725.24	-6.51%

 

ETF Weekly Flows By Asset Class

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	11,093.71	3,671,465.96	0.30%
International Equity	5,027.73	1,260,712.18	0.40%
U.S. Fixed Income	3,969.41	1,021,024.39	0.39%
International Fixed Income	809.52	138,705.49	0.58%
Commodities	1,470.14	147,208.46	1.00%
Currency	25.69	1,804.42	1.42%
Leveraged	1,361.70	58,113.76	2.34%
Inverse	3.51	11,649.48	0.03%
Asset Allocation	58.98	15,752.67	0.37%
Alternatives	257.83	6,373.43	4.05%
Total:	24,078.22	6,332,810.25	0.38%

 

Asset Classes (Year-to-Date)

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	183,006.57	3,671,465.96	4.98%
International Equity	116,022.08	1,260,712.18	9.20%
U.S. Fixed Income	68,094.66	1,021,024.39	6.67%
International Fixed Income	17,595.86	138,705.49	12.69%
Commodities	-1,802.90	147,208.46	-1.22%
Currency	-102.91	1,804.42	-5.70%
Leveraged	4,476.16	58,113.76	7.70%
Inverse	2,838.21	11,649.48	24.36%
Asset Allocation	1,498.56	15,752.67	9.51%
Alternatives	1,865.40	6,373.43	29.27%
Total:	393,491.70	6,332,810.25	6.21%

 

Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

Ticker	Name	Weekly Performance	Weekly Volume	AUM ($, mm)
NTSI	WisdomTree International Efficient Core Fund	40,425,500.00%	3,886	2.01
NTSE	WisdomTree Emerging Markets Efficient Core Fund	42,989.89%	4,089	2.03
VIXY	ProShares VIX Short-Term Futures ETF	281.68%	8,270,411	315.94
MLPO	Credit Suisse S&P MLP Index ETN	13.25%	3,597	23.64
BITQ	Bitwise Crypto Industry Innovators ETF	11.00%	744,237	40.35
DAPP	VanEck Vectors Digital Transformation ETF	10.03%	279,952	27.05
SFYF	SoFi Social 50 ETF	9.44%	27,983	15.98
BLOK	Amplify Transformational Data Sharing ETF	8.31%	2,200,781	1,097.82
GSCE	GS Connect S&P GSCI Enhanced Commodity TR Strategy Index ETN	7.21%	1,984	1,097.82
VFIN	Simplify Volt Fintech Disruption ETF	6.78%	9,540	2.17

 

Top 10 YTD Performers

Ticker	Name	YTD Performance	Weekly Performance	AUM ($, mm)
BDRY	Breakwave Dry Bulk Shipping ETF	211.17%	-10.80%	102.17
ILCV	iShares Morningstar Value ETF	132.25%	0.29%	722.57
VIXY	ProShares VIX Short-Term Futures ETF	124.45%	281.68%	315.94
GRN	iPath Series B Carbon ETN	64.09%	3.77%	58.60
PXE	Invesco Dynamic Energy Exploration & Production ETF	64.05%	1.34%	71.21
FCG	First Trust Natural Gas ETF	63.39%	0.91%	208.44
PSCE	Invesco S&P SmallCap Energy ETF	61.35%	1.43%	156.27
MLPO	Credit Suisse S&P MLP Index ETN	61.21%	13.25%	23.64
JJT	iPath Series B Bloomberg Tin Subindex Total Return ETN	60.12%	-1.08%	8.33
PXI	Invesco DWA Energy Momentum ETF	53.11%	1.16%	168.71

 

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.