New JP Morgan ETF Drives Weekly Flows

August 17, 2018

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)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
VOO Vanguard S&P 500 ETF 1,216.97 96,862.78 1.27%
IVV iShares Core S&P 500 ETF 1,186.24 155,021.49 0.77%
BBCA JPMorgan BetaBuilders Canada ETF 750.29 749.36 100.12%
SPLV Invesco S&P 500 Low Volatility ETF 589.92 8,059.62 7.90%
HYG iShares iBoxx USD High Yield Corporate Bond ETF 359.61 16,646.59 2.21%
VTV Vanguard Value ETF 312.19 42,373.35 0.74%
SSO ProShares Ultra S&P 500 248.43 2,764.11 9.88%
XLP Consumer Staples Select Sector SPDR Fund 235.61 9,421.96 2.56%
GDX VanEck Vectors Gold Miners ETF 232.17 8,638.60 2.76%
SCHF Schwab International Equity ETF 225.37 15,717.31 1.45%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 ETF Trust -3,066.47 268,811.21 -1.13%
XLF Financial Select Sector SPDR Fund -956.45 30,948.38 -3.00%
VT Vanguard Total World Stock ETF -614.29 11,582.02 -5.04%
GLD SPDR Gold Trust -488.43 29,386.52 -1.63%
EZU iShares MSCI Eurozone ETF -353.58 9,437.89 -3.61%
EWZ iShares MSCI Brazil ETF -334.55 6,072.34 -5.22%
QQQ Invesco QQQ Trust -303.82 69,429.34 -0.44%
TLT iShares 20+ Year Treasury Bond ETF -289.50 7,519.92 -3.71%
SMH VanEck Vectors Semiconductor ETF -283.97 972.88 -22.59%
XLU Utilities Select Sector SPDR Fund -258.21 7,639.60 -3.27%

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 411.34 2,086,729.62 0.02%
International Equity -356.74 773,228.55 -0.05%
U.S. Fixed Income 865.91 565,224.94 0.15%
International Fixed Income -8.70 63,110.21 -0.01%
Commodities  -718.83 59,418.72 -1.21%
Currency -10.81 1,101.30 -0.98%
Leveraged 347.80 36,832.15 0.94%
Inverse -31.42 12,966.72 -0.24%
Asset Allocation 34.75 9,374.16 0.37%
Alternatives -20.88 4,534.02 -0.46%
Total: 512.41 3,612,520.39 0.01%

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 58,640.01 2,086,729.62 2.81%
International Equity 33,620.42 773,228.55 4.35%
U.S. Fixed Income 50,271.19 565,224.94 8.89%
International Fixed Income 7,359.05 63,110.21 11.66%
Commodities  -412.37 59,418.72 -0.69%
Currency -70.96 1,101.30 -6.44%
Leveraged 3,394.81 36,832.15 9.22%
Inverse 2,368.27 12,966.72 18.26%
Asset Allocation 675.61 9,374.16 7.21%
Alternatives 265.68 4,534.02 5.86%
Total: 156,111.72 3,612,520.39 4.32%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 90,983 473,218 520.12%
FDIV First Trust Strategic Income ETF 12,627 65,538 519.05%
RFFC RiverFront Dynamic U.S. Flex-Cap ETF 22,676 98,607 434.85%
BBEU JPMorgan BetaBuilders Europe ETF 1,068,895 4,162,670 389.44%
RFDA RiverFront Dynamic U.S. Dividend Advantage ETF 19,313 63,181 327.15%
SPSM SPDR Portfolio Small Cap ETF 488,899 1,593,339 325.90%
SPDW SPDR Portfolio Developed World ex-US ETF 682,381 2,217,427 324.95%
CUT Invesco MSCI Global Timber ETF 40,686 112,826 277.31%
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 91,366 251,955 275.76%
KLDW Knowledge Leaders Developed World ETF 16,112 43,988 273.01%

 

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.

 

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