New JP Morgan ETF Drives Weekly Flows

The JPMorgan BetaBuilders Canada ETF took the No. 3 spot on the weekly inflows list.

sumit
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Senior ETF Analyst
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Reviewed by: Sumit Roy
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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)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
VOOVanguard S&P 500 ETF1,216.9796,862.781.27%
IVViShares Core S&P 500 ETF1,186.24155,021.490.77%
BBCAJPMorgan BetaBuilders Canada ETF750.29749.36100.12%
SPLVInvesco S&P 500 Low Volatility ETF589.928,059.627.90%
HYGiShares iBoxx USD High Yield Corporate Bond ETF359.6116,646.592.21%
VTVVanguard Value ETF312.1942,373.350.74%
SSOProShares Ultra S&P 500248.432,764.119.88%
XLPConsumer Staples Select Sector SPDR Fund235.619,421.962.56%
GDXVanEck Vectors Gold Miners ETF232.178,638.602.76%
SCHFSchwab International Equity ETF225.3715,717.311.45%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-3,066.47268,811.21-1.13%
XLFFinancial Select Sector SPDR Fund-956.4530,948.38-3.00%
VTVanguard Total World Stock ETF-614.2911,582.02-5.04%
GLDSPDR Gold Trust-488.4329,386.52-1.63%
EZUiShares MSCI Eurozone ETF-353.589,437.89-3.61%
EWZiShares MSCI Brazil ETF-334.556,072.34-5.22%
QQQInvesco QQQ Trust-303.8269,429.34-0.44%
TLTiShares 20+ Year Treasury Bond ETF-289.507,519.92-3.71%
SMHVanEck Vectors Semiconductor ETF-283.97972.88-22.59%
XLUUtilities Select Sector SPDR Fund-258.217,639.60-3.27%

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity411.342,086,729.620.02%
International Equity-356.74773,228.55-0.05%
U.S. Fixed Income865.91565,224.940.15%
International Fixed Income-8.7063,110.21-0.01%
Commodities -718.8359,418.72-1.21%
Currency-10.811,101.30-0.98%
Leveraged347.8036,832.150.94%
Inverse-31.4212,966.72-0.24%
Asset Allocation34.759,374.160.37%
Alternatives-20.884,534.02-0.46%
Total:512.413,612,520.390.01%

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity58,640.012,086,729.622.81%
International Equity33,620.42773,228.554.35%
U.S. Fixed Income50,271.19565,224.948.89%
International Fixed Income7,359.0563,110.2111.66%
Commodities -412.3759,418.72-0.69%
Currency-70.961,101.30-6.44%
Leveraged3,394.8136,832.159.22%
Inverse2,368.2712,966.7218.26%
Asset Allocation675.619,374.167.21%
Alternatives265.684,534.025.86%
Total:156,111.723,612,520.394.32%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
HDEFXtrackers MSCI EAFE High Dividend Yield Equity ETF90,983473,218520.12%
FDIVFirst Trust Strategic Income ETF12,62765,538519.05%
RFFCRiverFront Dynamic U.S. Flex-Cap ETF22,67698,607434.85%
BBEUJPMorgan BetaBuilders Europe ETF1,068,8954,162,670389.44%
RFDARiverFront Dynamic U.S. Dividend Advantage ETF19,31363,181327.15%
SPSMSPDR Portfolio Small Cap ETF488,8991,593,339325.90%
SPDWSPDR Portfolio Developed World ex-US ETF682,3812,217,427324.95%
CUTInvesco MSCI Global Timber ETF40,686112,826277.31%
PXFInvesco FTSE RAFI Developed Markets ex-U.S. ETF91,366251,955275.76%
KLDWKnowledge Leaders Developed World ETF16,11243,988273.01%

 

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 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.