New JP Morgan ETF Drives Weekly Flows
The JPMorgan BetaBuilders Canada ETF took the No. 3 spot on the weekly inflows list.
ETF flows just barely nudged into positive territory this week. On net, U.S.-listed ETFs had inflows of $512 million during the week ending Thursday, Aug. 16, according to FactSet. That pushed year-to-date inflows up to $156.1 billion.
U.S. fixed-income and U.S. equity ETFs netted inflows, while international equity and commodity ETFs netted outflows in a week in which emerging market woes counterbalanced optimism about the U.S. economy.
‘BBCA’ Explodes On The Scene
With the S&P 500 approaching its all-time highs, the Vanguard S&P 500 ETF (VOO) and the iShares Core S&P 500 ETF (IVV) fared well. Each had inflows of around $1.2 billion.
But the biggest winner of the week was unquestionably the JPMorgan BetaBuilders Canada ETF (BBCA), whose $750 million worth of inflows continued the trend of blockbuster J.P.M organ launches. BBCA’s inflows come on the heels of similar success for the likes of the JPMorgan BetaBuilders Japan ETF (BBJP) and the JPMorgan BetaBuilders Europe ETF (BBEU).
J.P. Morgan has been aggressively moving its client assets from competing ETFs into its new BetaBuilders-branded products.
Meanwhile, other ETFs to see interest from investors this week included the Invesco S&P 500 Low Volatility ETF (SPLV), the ProShares Ultra S&P 500 (SSO) and the VanEck Vectors Gold Miners ETF (GDX).
On the other side of the ledger, the SPDR S&P 500 ETF Trust (SPY), the SPDR Gold Trust (GLD) and the iShares MSCI Brazil ETF (EWZ) garnered hefty outflows.
For a full list of this week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| VOO | Vanguard S&P 500 ETF | 1,216.97 | 96,862.78 | 1.27% |
| IVV | iShares Core S&P 500 ETF | 1,186.24 | 155,021.49 | 0.77% |
| BBCA | JPMorgan BetaBuilders Canada ETF | 750.29 | 749.36 | 100.12% |
| SPLV | Invesco S&P 500 Low Volatility ETF | 589.92 | 8,059.62 | 7.90% |
| HYG | iShares iBoxx USD High Yield Corporate Bond ETF | 359.61 | 16,646.59 | 2.21% |
| VTV | Vanguard Value ETF | 312.19 | 42,373.35 | 0.74% |
| SSO | ProShares Ultra S&P 500 | 248.43 | 2,764.11 | 9.88% |
| XLP | Consumer Staples Select Sector SPDR Fund | 235.61 | 9,421.96 | 2.56% |
| GDX | VanEck Vectors Gold Miners ETF | 232.17 | 8,638.60 | 2.76% |
| SCHF | Schwab International Equity ETF | 225.37 | 15,717.31 | 1.45% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 ETF Trust | -3,066.47 | 268,811.21 | -1.13% |
| XLF | Financial Select Sector SPDR Fund | -956.45 | 30,948.38 | -3.00% |
| VT | Vanguard Total World Stock ETF | -614.29 | 11,582.02 | -5.04% |
| GLD | SPDR Gold Trust | -488.43 | 29,386.52 | -1.63% |
| EZU | iShares MSCI Eurozone ETF | -353.58 | 9,437.89 | -3.61% |
| EWZ | iShares MSCI Brazil ETF | -334.55 | 6,072.34 | -5.22% |
| QQQ | Invesco QQQ Trust | -303.82 | 69,429.34 | -0.44% |
| TLT | iShares 20+ Year Treasury Bond ETF | -289.50 | 7,519.92 | -3.71% |
| SMH | VanEck Vectors Semiconductor ETF | -283.97 | 972.88 | -22.59% |
| XLU | Utilities Select Sector SPDR Fund | -258.21 | 7,639.60 | -3.27% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 411.34 | 2,086,729.62 | 0.02% |
| International Equity | -356.74 | 773,228.55 | -0.05% |
| U.S. Fixed Income | 865.91 | 565,224.94 | 0.15% |
| International Fixed Income | -8.70 | 63,110.21 | -0.01% |
| Commodities | -718.83 | 59,418.72 | -1.21% |
| Currency | -10.81 | 1,101.30 | -0.98% |
| Leveraged | 347.80 | 36,832.15 | 0.94% |
| Inverse | -31.42 | 12,966.72 | -0.24% |
| Asset Allocation | 34.75 | 9,374.16 | 0.37% |
| Alternatives | -20.88 | 4,534.02 | -0.46% |
| Total: | 512.41 | 3,612,520.39 | 0.01% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 58,640.01 | 2,086,729.62 | 2.81% |
| International Equity | 33,620.42 | 773,228.55 | 4.35% |
| U.S. Fixed Income | 50,271.19 | 565,224.94 | 8.89% |
| International Fixed Income | 7,359.05 | 63,110.21 | 11.66% |
| Commodities | -412.37 | 59,418.72 | -0.69% |
| Currency | -70.96 | 1,101.30 | -6.44% |
| Leveraged | 3,394.81 | 36,832.15 | 9.22% |
| Inverse | 2,368.27 | 12,966.72 | 18.26% |
| Asset Allocation | 675.61 | 9,374.16 | 7.21% |
| Alternatives | 265.68 | 4,534.02 | 5.86% |
| Total: | 156,111.72 | 3,612,520.39 | 4.32% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
| HDEF | Xtrackers MSCI EAFE High Dividend Yield Equity ETF | 90,983 | 473,218 | 520.12% |
| FDIV | First Trust Strategic Income ETF | 12,627 | 65,538 | 519.05% |
| RFFC | RiverFront Dynamic U.S. Flex-Cap ETF | 22,676 | 98,607 | 434.85% |
| BBEU | JPMorgan BetaBuilders Europe ETF | 1,068,895 | 4,162,670 | 389.44% |
| RFDA | RiverFront Dynamic U.S. Dividend Advantage ETF | 19,313 | 63,181 | 327.15% |
| SPSM | SPDR Portfolio Small Cap ETF | 488,899 | 1,593,339 | 325.90% |
| SPDW | SPDR Portfolio Developed World ex-US ETF | 682,381 | 2,217,427 | 324.95% |
| CUT | Invesco MSCI Global Timber ETF | 40,686 | 112,826 | 277.31% |
| PXF | Invesco FTSE RAFI Developed Markets ex-U.S. ETF | 91,366 | 251,955 | 275.76% |
| KLDW | Knowledge Leaders Developed World ETF | 16,112 | 43,988 | 273.01% |
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.
