New Japan ETF Still Hot, Now Over $1.5B

Positive earnings and trade developments encouraged investors to add money to U.S. equity ETFs.

sumit
|
Senior ETF Analyst
|
Reviewed by: Sumit Roy
,
Edited by: Sumit Roy

The U.S. stock market continued to advance this week, bolstered by strong earnings numbers and an easing of trade war fears.

Facebook’s big blunder aside, most U.S. companies continued to beat profit expectations. According to FactSet, of the S&P 500 companies that have reported earnings for Q2, 83% topped analyst estimates, the largest percentage in at least a decade.

Meanwhile, the U.S. and Europe agreed to negotiate lower trade barriers after President Trump and Jean-Claude Juncker, head of the European Commission, met on Wednesday. The preliminary deal at least temporarily defused a growing trade rift between two of the world’s largest economies.

Fired up by the week’s good news, investors pushed the S&P 500 to as high as 2,848 on Wednesday, less than 1% below its record high set in January. Though it slipped back by week’s end, investors remained optimistic, adding $6.6 billion to U.S.-listed ETFs, including $6.2 billion into U.S. equity ETFs, during the week ending Thursday, July 26.

Year-to-date inflows now stand at $143.6 billion.

Millions More Pour Into ‘BBJP’

Topping the individual ETF inflows list was the SPDR S&P 500 ETF Trust (SPY), with creations of $3.6 billion.

That was followed by the Vanguard Value ETF (VTV), the Technology Select Sector SPDR Fund (XLK) and the JPMorgan BetaBuilders Japan ETF (BBJP).

Last week, after becoming the second-fastest ETF to reach $1 billion in assets, BBJP picked up $500 million in assets this week, bringing its total AUM to $1.56 billion.

On the other side of the ledger, the Invesco QQQ Trust (QQQ) took the No. 1 position on the outflows list, shedding $1.4 billion in assets. The VanEck Vectors Semiconductor ETF (SMH) was the biggest loser on a percentage basis; assets for the fund nearly halved during the week. SMH also happens to be the most-shorted of all ETFs.

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
SPYSPDR S&P 500 ETF Trust3,584.23272,874.961.33%
VTVVanguard Value ETF609.0242,064.501.47%
XLKTechnology Select Sector SPDR Fund516.2523,632.672.23%
BBJPJPMorgan BetaBuilders Japan ETF500.461,562.8847.11%
VTIVanguard Total Stock Market ETF474.08102,626.120.46%
VOOVanguard S&P 500 ETF455.8095,742.770.48%
IEMGiShares Core MSCI Emerging Markets ETF413.5148,255.980.86%
DIASPDR Dow Jones Industrial Average ETF Trust401.1721,773.081.88%
IEFiShares 7-10 Year Treasury Bond ETF377.428,774.344.49%
TLTiShares 20+ Year Treasury Bond ETF315.437,726.764.26%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
QQQInvesco QQQ Trust-1,448.0169,891.32-2.03%
IVViShares Core S&P 500 ETF-845.69154,893.39-0.54%
IWViShares Russell 3000 ETF-717.498,985.90-7.39%
SMHVanEck Vectors Semiconductor ETF-609.39732.92-45.40%
BIVVanguard Intermediate-Term Bond ETF-331.0213,097.10-2.47%
HYGiShares iBoxx USD High Yield Corporate Bond ETF-272.9115,535.33-1.73%
AMLPAlerian MLP ETF-261.3510,184.42-2.50%
TDTTFlexShares iBoxx 3 Year Target Duration TIPS Index Fund-257.271,893.82-11.96%
EWJiShares MSCI Japan ETF-234.8217,748.55-1.31%
IVEiShares S&P 500 Value ETF-196.8814,501.27-1.34%

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity6,224.112,091,390.210.30%
International Equity226.65807,789.200.03%
U.S. Fixed Income352.07560,595.020.06%
International Fixed Income71.4063,261.670.11%
Commodities -29.0163,344.69-0.05%
Currency-26.111,138.65-2.29%
Leveraged-120.1137,740.51-0.32%
Inverse-148.5912,737.91-1.17%
Asset Allocation8.869,438.200.09%
Alternatives2.464,419.680.06%
Total:6,561.733,651,855.750.18%

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity49,884.972,091,390.212.39%
International Equity31,453.27807,789.203.89%
U.S. Fixed Income48,833.28560,595.028.71%
International Fixed Income6,713.0463,261.6710.61%
Commodities 896.5363,344.691.42%
Currency-55.121,138.65-4.84%
Leveraged2,735.4537,740.517.25%
Inverse2,371.5612,737.9118.62%
Asset Allocation620.159,438.206.57%
Alternatives164.974,419.683.73%
Total:143,618.113,651,855.753.93%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
DEEFXtrackers FTSE Developed ex U.S. Comprehensive Factor ETF16,46371,910436.79%
SPYXSPDR S&P 500 Fossil Fuel Reserves Free ETF12,45245,327364.02%
ARCMArrow Reserve Capital Management ETF5831,872321.11%
AIQGlobal X Future Analytics Tech ETF27,89772,377259.44%
QLTAiShares Aaa-A Rated Corporate Bond ETF24,32860,152247.25%
IWViShares Russell 3000 ETF581,9461,239,636213.02%
BCMPath Pure Beta Broad Commodity ETN1,9794,182211.28%
PPHVanEck Vectors Pharmaceutical ETF21,97845,438206.74%
MLNVanEck Vectors AMT-Free Long Municipal Index ETF39,70878,582197.90%
FALNiShares Fallen Angels USD Bond ETF34,17262,281182.26%

 

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.