'BBJP' 2nd-Fastest ETF To $1B Assets

The JPMorgan BetaBuilders Japan ETF saw its assets under management explode almost 6,000% this week.

ETF.com
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Reviewed by: etf.com Staff
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Edited by: etf.com Staff

A continued rally in the U.S. stock market helped fuel solid inflows for ETFs this week. In total, $6.1 billion flowed into U.S.-listed ETFs during the week ending Thursday, July 19, bringing year-to-date inflows to $137.1 billion.

'BBJP' Assets Explode 

The Invesco QQQ Trust (QQQ) was the ETF to capture the largest inflows this week―$1.2 billion―but the week belonged to another fund, the JPMorgan BetaBuilders Japan ETF (BBJP). Inflows for BBJP totaled more than $1 billion during the period, which is remarkable considering the fund had less than $10 million in assets a little over a week ago. 

With only a month and change since its launch, BBJP becomes the second-fastest ETF to reach the $1 billion milestone, only behind the SPDR Gold Trust (GLD), which did it in three days, and ahead of the PIMCO Active Bond ETF (BOND), which did it in less than three months. 

Other Winners 
While BBJP's 5,900% asset explosion was the flows story of the week, there were several other noteworthy funds to make the top inflows list.

On the equity side, the iShares MSCI Europe Financials ETF (EUFN) picked up inflows of $261 million, equaling a 18.5% jump in its assets under management. At the same time, on the fixed income side, the Vanguard Intermediate-Term Treasury Index ETF (VGIT) had inflows of $478 million, a 21% increase in its AUM.

In terms of asset classes, U.S. equity ETFs garnered the largest net inflows at $2.8 billion, followed by international equity ETFs at $1.5 bilion, U.S. fixed income ETFs at $1.3 billion and international fixed-income ETFs at $519 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
QQQInvesco QQQ Trust1,165.5470,239.971.69%
BBJPJPMorgan BetaBuilders Japan ETF1,019.071,036.375,890.57%
XLFFinancial Select Sector SPDR Fund732.4431,735.032.36%
VTVVanguard Value ETF625.7341,078.591.55%
XLIIndustrial Select Sector SPDR Fund591.3112,873.264.81%
VGITVanguard Intermediate-Term Treasury Index ETF478.282,765.6720.91%
VGSHVanguard Short-Term Treasury Index ETF451.413,085.5317.14%
EMBiShares JP Morgan USD Emerging Markets Bond ETF325.5713,306.482.51%
EUFNiShares MSCI Europe Financials ETF260.511,670.5818.48%
SPYGSPDR Portfolio S&P 500 Growth ETF229.123,157.927.82%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-2,603.31266,343.47-0.97%
IWMiShares Russell 2000 ETF-899.6346,702.88-1.89%
EWJiShares MSCI Japan ETF-518.9917,681.37-2.85%
IEFiShares 7-10 Year Treasury Bond ETF-327.698,429.39-3.74%
IEIiShares 3-7 Year Treasury Bond ETF-263.467,339.77-3.47%
XLUUtilities Select Sector SPDR Fund-262.617,486.41-3.39%
EWZiShares MSCI Brazil ETF-243.596,774.23-3.47%
IVEiShares S&P 500 Value ETF-237.2614,612.73-1.60%
CIUiShares Intermediate Credit Bond ETF-207.486,405.83-3.14%
BIVVanguard Intermediate-Term Bond ETF-145.6313,466.13-1.07%

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity2,781.812,071,615.970.13%
International Equity1,499.23798,010.560.19%
U.S. Fixed Income1,258.90560,831.930.22%
International Fixed Income518.9763,078.970.82%
Commodities ETFs-91.0662,760.54-0.15%
Currency-30.761,157.51-2.66%
Leveraged410.3237,377.881.10%
Inverse-238.6212,894.13-1.85%
Asset Allocation5.669,370.680.06%
Alternatives14.394,419.940.33%
Total:6,128.853,621,518.110.17%

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity43,660.862,071,615.972.11%
International Equity31,226.62798,010.563.91%
U.S. Fixed Income48,481.21560,831.938.64%
International Fixed Income6,641.6463,078.9710.53%
Commodities ETFs925.5462,760.541.47%
Currency-29.011,157.51-2.51%
Leveraged2,855.5737,377.887.64%
Inverse2,520.1512,894.1319.54%
Asset Allocation611.299,370.686.52%
Alternatives160.524,419.943.63%
Total:137,054.383,621,518.113.78%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
XHSSPDR S&P Health Care Services ETF12,60147,727378.76%
IYKiShares U.S. Consumer Goods ETF47,543144,459303.85%
JHMFJohn Hancock Multifactor Financials ETF3,68911,888322.30%
FALNiShares Fallen Angels USD Bond ETF30,470104,330342.40%
BIZDVanEck Vectors BDC Income ETF59,667142,230238.37%
EUFNiShares MSCI Europe Financials ETF2,387,6116,145,605257.40%
HUSEUS Market Rotation Strategy ETF27,25370,435258.45%
PSCIInvesco S&P SmallCap Industrials ETF13,82330,268218.98%
ESGEiShares MSCI EM ESG Optimized ETF82,029174,071212.21%
IBDSiShares iBonds Dec 2027 Term Corporate ETF29,892108,398362.64%

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
ARGTGlobal X MSCI Argentina ETF3.89%113,868144.30
IAIiShares U.S. Broker-Dealers & Securities Exchanges ETF3.75%203,690446.70
MLPYMorgan Stanley Cushing MLP High Income Index ETN3.73%3,169446.70
KBWBInvesco KBW Bank ETF3.69%1,041,1901,025.31
AGTiShares MSCI Argentina and Global Exposure ETF3.68%27,45237.61
XLFFinancial Select Sector SPDR Fund3.52%229,888,03331,735.03
FMDGFieldstone Merlin Dynamic Large Cap Growth ETF3.47%1,5057.55
FNCFiShares Edge MSCI Multifactor Financials ETF3.46%1,9288.64
TURiShares MSCI Turkey ETF3.27%2,488,665281.95
FNCLFidelity MSCI Financials Index ETF3.25%816,2971,573.15

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
VMAXREX VolMAXX Long VIX Futures Strategy ETF52.78%1.08%2.55
PSCHInvesco S&P SmallCap Health Care ETF38.33%0.65%919.27
XWEBSPDR S&P Internet ETF36.22%1.14%46.50
FDNFirst Trust Dow Jones Internet Index Fund31.49%0.72%9,634.24
PTHInvesco DWA Healthcare Momentum ETF30.23%0.96%261.70
IBUYAmplify Online Retail29.67%1.44%509.97
XITKSPDR FactSet Innovative Technology ETF29.58%0.98%50.60
ARKKARK Innovation ETF28.18%-0.90%1,214.40
ARKGARK Genomic Revolution Multi-Sector ETF28.17%-2.21%234.97
PSJInvesco Dynamic Software ETF28.08%0.75%236.47

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.

 

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