New Japan ETF Still Hot, Now Over $1.5B

July 27, 2018

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)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 ETF Trust 3,584.23 272,874.96 1.33%
VTV Vanguard Value ETF 609.02 42,064.50 1.47%
XLK Technology Select Sector SPDR Fund 516.25 23,632.67 2.23%
BBJP JPMorgan BetaBuilders Japan ETF 500.46 1,562.88 47.11%
VTI Vanguard Total Stock Market ETF 474.08 102,626.12 0.46%
VOO Vanguard S&P 500 ETF 455.80 95,742.77 0.48%
IEMG iShares Core MSCI Emerging Markets ETF 413.51 48,255.98 0.86%
DIA SPDR Dow Jones Industrial Average ETF Trust 401.17 21,773.08 1.88%
IEF iShares 7-10 Year Treasury Bond ETF 377.42 8,774.34 4.49%
TLT iShares 20+ Year Treasury Bond ETF 315.43 7,726.76 4.26%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
QQQ Invesco QQQ Trust -1,448.01 69,891.32 -2.03%
IVV iShares Core S&P 500 ETF -845.69 154,893.39 -0.54%
IWV iShares Russell 3000 ETF -717.49 8,985.90 -7.39%
SMH VanEck Vectors Semiconductor ETF -609.39 732.92 -45.40%
BIV Vanguard Intermediate-Term Bond ETF -331.02 13,097.10 -2.47%
HYG iShares iBoxx USD High Yield Corporate Bond ETF -272.91 15,535.33 -1.73%
AMLP Alerian MLP ETF -261.35 10,184.42 -2.50%
TDTT FlexShares iBoxx 3 Year Target Duration TIPS Index Fund -257.27 1,893.82 -11.96%
EWJ iShares MSCI Japan ETF -234.82 17,748.55 -1.31%
IVE iShares S&P 500 Value ETF -196.88 14,501.27 -1.34%

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 6,224.11 2,091,390.21 0.30%
International Equity 226.65 807,789.20 0.03%
U.S. Fixed Income 352.07 560,595.02 0.06%
International Fixed Income 71.40 63,261.67 0.11%
Commodities  -29.01 63,344.69 -0.05%
Currency -26.11 1,138.65 -2.29%
Leveraged -120.11 37,740.51 -0.32%
Inverse -148.59 12,737.91 -1.17%
Asset Allocation 8.86 9,438.20 0.09%
Alternatives 2.46 4,419.68 0.06%
Total: 6,561.73 3,651,855.75 0.18%

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 49,884.97 2,091,390.21 2.39%
International Equity 31,453.27 807,789.20 3.89%
U.S. Fixed Income 48,833.28 560,595.02 8.71%
International Fixed Income 6,713.04 63,261.67 10.61%
Commodities  896.53 63,344.69 1.42%
Currency -55.12 1,138.65 -4.84%
Leveraged 2,735.45 37,740.51 7.25%
Inverse 2,371.56 12,737.91 18.62%
Asset Allocation 620.15 9,438.20 6.57%
Alternatives 164.97 4,419.68 3.73%
Total: 143,618.11 3,651,855.75 3.93%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
DEEF Xtrackers FTSE Developed ex U.S. Comprehensive Factor ETF 16,463 71,910 436.79%
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 12,452 45,327 364.02%
ARCM Arrow Reserve Capital Management ETF 583 1,872 321.11%
AIQ Global X Future Analytics Tech ETF 27,897 72,377 259.44%
QLTA iShares Aaa-A Rated Corporate Bond ETF 24,328 60,152 247.25%
IWV iShares Russell 3000 ETF 581,946 1,239,636 213.02%
BCM Path Pure Beta Broad Commodity ETN 1,979 4,182 211.28%
PPH VanEck Vectors Pharmaceutical ETF 21,978 45,438 206.74%
MLN VanEck Vectors AMT-Free Long Municipal Index ETF 39,708 78,582 197.90%
FALN iShares Fallen Angels USD Bond ETF 34,172 62,281 182.26%

 

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.

 

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