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

July 20, 2018

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)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
QQQ Invesco QQQ Trust 1,165.54 70,239.97 1.69%
BBJP JPMorgan BetaBuilders Japan ETF 1,019.07 1,036.37 5,890.57%
XLF Financial Select Sector SPDR Fund 732.44 31,735.03 2.36%
VTV Vanguard Value ETF 625.73 41,078.59 1.55%
XLI Industrial Select Sector SPDR Fund 591.31 12,873.26 4.81%
VGIT Vanguard Intermediate-Term Treasury Index ETF 478.28 2,765.67 20.91%
VGSH Vanguard Short-Term Treasury Index ETF 451.41 3,085.53 17.14%
EMB iShares JP Morgan USD Emerging Markets Bond ETF 325.57 13,306.48 2.51%
EUFN iShares MSCI Europe Financials ETF 260.51 1,670.58 18.48%
SPYG SPDR Portfolio S&P 500 Growth ETF 229.12 3,157.92 7.82%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 ETF Trust -2,603.31 266,343.47 -0.97%
IWM iShares Russell 2000 ETF -899.63 46,702.88 -1.89%
EWJ iShares MSCI Japan ETF -518.99 17,681.37 -2.85%
IEF iShares 7-10 Year Treasury Bond ETF -327.69 8,429.39 -3.74%
IEI iShares 3-7 Year Treasury Bond ETF -263.46 7,339.77 -3.47%
XLU Utilities Select Sector SPDR Fund -262.61 7,486.41 -3.39%
EWZ iShares MSCI Brazil ETF -243.59 6,774.23 -3.47%
IVE iShares S&P 500 Value ETF -237.26 14,612.73 -1.60%
CIU iShares Intermediate Credit Bond ETF -207.48 6,405.83 -3.14%
BIV Vanguard Intermediate-Term Bond ETF -145.63 13,466.13 -1.07%

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 2,781.81 2,071,615.97 0.13%
International Equity 1,499.23 798,010.56 0.19%
U.S. Fixed Income 1,258.90 560,831.93 0.22%
International Fixed Income 518.97 63,078.97 0.82%
Commodities ETFs -91.06 62,760.54 -0.15%
Currency -30.76 1,157.51 -2.66%
Leveraged 410.32 37,377.88 1.10%
Inverse -238.62 12,894.13 -1.85%
Asset Allocation 5.66 9,370.68 0.06%
Alternatives 14.39 4,419.94 0.33%
Total: 6,128.85 3,621,518.11 0.17%

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 43,660.86 2,071,615.97 2.11%
International Equity 31,226.62 798,010.56 3.91%
U.S. Fixed Income 48,481.21 560,831.93 8.64%
International Fixed Income 6,641.64 63,078.97 10.53%
Commodities ETFs 925.54 62,760.54 1.47%
Currency -29.01 1,157.51 -2.51%
Leveraged 2,855.57 37,377.88 7.64%
Inverse 2,520.15 12,894.13 19.54%
Asset Allocation 611.29 9,370.68 6.52%
Alternatives 160.52 4,419.94 3.63%
Total: 137,054.38 3,621,518.11 3.78%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
XHS SPDR S&P Health Care Services ETF 12,601 47,727 378.76%
IYK iShares U.S. Consumer Goods ETF 47,543 144,459 303.85%
JHMF John Hancock Multifactor Financials ETF 3,689 11,888 322.30%
FALN iShares Fallen Angels USD Bond ETF 30,470 104,330 342.40%
BIZD VanEck Vectors BDC Income ETF 59,667 142,230 238.37%
EUFN iShares MSCI Europe Financials ETF 2,387,611 6,145,605 257.40%
HUSE US Market Rotation Strategy ETF 27,253 70,435 258.45%
PSCI Invesco S&P SmallCap Industrials ETF 13,823 30,268 218.98%
ESGE iShares MSCI EM ESG Optimized ETF 82,029 174,071 212.21%
IBDS iShares iBonds Dec 2027 Term Corporate ETF 29,892 108,398 362.64%

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
ARGT Global X MSCI Argentina ETF 3.89% 113,868 144.30
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF 3.75% 203,690 446.70
MLPY Morgan Stanley Cushing MLP High Income Index ETN 3.73% 3,169 446.70
KBWB Invesco KBW Bank ETF 3.69% 1,041,190 1,025.31
AGT iShares MSCI Argentina and Global Exposure ETF 3.68% 27,452 37.61
XLF Financial Select Sector SPDR Fund 3.52% 229,888,033 31,735.03
FMDG Fieldstone Merlin Dynamic Large Cap Growth ETF 3.47% 1,505 7.55
FNCF iShares Edge MSCI Multifactor Financials ETF 3.46% 1,928 8.64
TUR iShares MSCI Turkey ETF 3.27% 2,488,665 281.95
FNCL Fidelity MSCI Financials Index ETF 3.25% 816,297 1,573.15

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
VMAX REX VolMAXX Long VIX Futures Strategy ETF 52.78% 1.08% 2.55
PSCH Invesco S&P SmallCap Health Care ETF 38.33% 0.65% 919.27
XWEB SPDR S&P Internet ETF 36.22% 1.14% 46.50
FDN First Trust Dow Jones Internet Index Fund 31.49% 0.72% 9,634.24
PTH Invesco DWA Healthcare Momentum ETF 30.23% 0.96% 261.70
IBUY Amplify Online Retail 29.67% 1.44% 509.97
XITK SPDR FactSet Innovative Technology ETF 29.58% 0.98% 50.60
ARKK ARK Innovation ETF 28.18% -0.90% 1,214.40
ARKG ARK Genomic Revolution Multi-Sector ETF 28.17% -2.21% 234.97
PSJ Invesco Dynamic Software ETF 28.08% 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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