New JP Morgan ETF Drives Weekly Flows

Senior ETF Analyst

Aug 17, 2018

Reviewed by: Sumit Roy

Edited by: Sumit Roy

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.

Sumit Roy

| Contact: [email protected]

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.

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New JP Morgan ETF Drives Weekly Flows

New JP Morgan ETF Drives Weekly Flows

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