Europe ETF Fuels Strong Weekly Inflows

Year-to-date inflows reach nearly $400 billion thanks in part to strong inflows for ‘BBEU.’

sumit
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Senior ETF Analyst
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Reviewed by: Sumit Roy
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Edited by: Sumit Roy
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)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust3,006.23359,450.440.84%
QQQInvesco QQQ Trust2,819.59162,002.341.74%
QUALiShares MSCI USA Quality Factor ETF1,220.6421,745.645.61%
BBEUJPMorgan BetaBuilders Europe ETF1,143.748,434.7813.56%
VOOVanguard S&P 500 ETF781.60225,171.540.35%
JNKSPDR Bloomberg Barclays High Yield Bond ETF738.5810,622.946.95%
BSVVanguard Short-Term Bond ETF617.3733,848.231.82%
VTIVanguard Total Stock Market ETF543.15242,807.910.22%
SCHOSchwab Short-Term U.S. Treasury ETF536.269,465.975.67%
USDProShares Ultra Semiconductors516.85245.01210.95%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPLVInvesco S&P 500 Low Volatility ETF-1,964.308,129.00-24.16%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF-1,167.1741,019.44-2.85%
XLFFinancial Select Sector SPDR Fund-573.6943,956.42-1.31%
IVViShares Core S&P 500 ETF-502.94278,940.52-0.18%
IHIiShares U.S. Medical Devices ETF-497.388,026.50-6.20%
TLTiShares 20+ Year Treasury Bond ETF-468.7912,723.93-3.68%
USMViShares MSCI USA Min Vol Factor ETF-463.2027,861.45-1.66%
SPHBInvesco S&P 500 High Beta ETF-410.042,078.74-19.73%
SMHVanEck Vectors Semiconductor ETF-347.825,316.10-6.54%
IYRiShares U.S. Real Estate ETF-307.424,725.24-6.51%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity11,093.713,671,465.960.30%
International Equity5,027.731,260,712.180.40%
U.S. Fixed Income3,969.411,021,024.390.39%
International Fixed Income809.52138,705.490.58%
Commodities1,470.14147,208.461.00%
Currency25.691,804.421.42%
Leveraged1,361.7058,113.762.34%
Inverse3.5111,649.480.03%
Asset Allocation58.9815,752.670.37%
Alternatives257.836,373.434.05%
Total:24,078.226,332,810.250.38%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity183,006.573,671,465.964.98%
International Equity116,022.081,260,712.189.20%
U.S. Fixed Income68,094.661,021,024.396.67%
International Fixed Income17,595.86138,705.4912.69%
Commodities-1,802.90147,208.46-1.22%
Currency-102.911,804.42-5.70%
Leveraged4,476.1658,113.767.70%
Inverse2,838.2111,649.4824.36%
Asset Allocation1,498.5615,752.679.51%
Alternatives1,865.406,373.4329.27%
Total:393,491.706,332,810.256.21%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
NTSIWisdomTree International Efficient Core Fund40,425,500.00%3,8862.01
NTSEWisdomTree Emerging Markets Efficient Core Fund42,989.89%4,0892.03
VIXYProShares VIX Short-Term Futures ETF281.68%8,270,411315.94
MLPOCredit Suisse S&P MLP Index ETN13.25%3,59723.64
BITQBitwise Crypto Industry Innovators ETF11.00%744,23740.35
DAPPVanEck Vectors Digital Transformation ETF10.03%279,95227.05
SFYFSoFi Social 50 ETF9.44%27,98315.98
BLOKAmplify Transformational Data Sharing ETF8.31%2,200,7811,097.82
GSCEGS Connect S&P GSCI Enhanced Commodity TR Strategy Index ETN7.21%1,9841,097.82
VFINSimplify Volt Fintech Disruption ETF6.78%9,5402.17

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
BDRYBreakwave Dry Bulk Shipping ETF211.17%-10.80%102.17
ILCViShares Morningstar Value ETF132.25%0.29%722.57
VIXYProShares VIX Short-Term Futures ETF124.45%281.68%315.94
GRNiPath Series B Carbon ETN64.09%3.77%58.60
PXEInvesco Dynamic Energy Exploration & Production ETF64.05%1.34%71.21
FCGFirst Trust Natural Gas ETF63.39%0.91%208.44
PSCEInvesco S&P SmallCap Energy ETF61.35%1.43%156.27
MLPOCredit Suisse S&P MLP Index ETN61.21%13.25%23.64
JJTiPath Series B Bloomberg Tin Subindex Total Return ETN60.12%-1.08%8.33
PXIInvesco DWA Energy Momentum ETF53.11%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.

Sumit Roy is the senior ETF analyst for etf.com, where he has worked for 13 years. He creates a variety of content for the platform, including news articles, analysis pieces, videos and podcasts.

Before joining etf.com, Sumit was the managing editor and commodities analyst for Hard Assets Investor. In those roles, he was responsible for most of the operations of HAI, a website dedicated to education about commodities investing.

Though he still closely follows the commodities beat, Sumit covers a much broader assortment of topics for etf.com, with a particular focus on stock and bond exchange-traded funds.

He is the host of etf.com’s Talk ETFs, a popular video series that features weekly interviews with thought leaders in the ETF industry. Sumit is also co-host of Exchange Traded Fridays, etf.com’s weekly podcast series.

He lives in the San Francisco Bay Area, where he enjoys climbing the city’s steep hills, playing chess and snowboarding in Lake Tahoe.