Weekly ETF Inflows For New JP Morgan Funds Top $2B

August 24, 2018

J.P. Morgan continued to put itself on the ETF map this week, as three of its BetaBuilders-branded products made it onto the top 10 weekly inflows list.

The three ETFs—the JPMorgan BetaBuilders Europe ETF (BBEU), the JPMorgan BetaBuilders Canada ETF (BBCA) and the JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX)—had combined inflows of more than $2 billion.

Earlier this week, BBCA became the second-fastest ETF to exceed $1 billion in assets under management, breaking the mark set by its sister product, the JPMorgan BetaBuilders Japan ETF (BBJP).

J.P. Morgan’s total ETF assets now stand at $14.6 billion, up from $6.2 billion at the start of the year.

US Stocks Hit Records

The inflows into BetaBuilders products helped push overall weekly net inflows for U.S.-listed ETFs to $6.7 billion and year-to-date net inflows of $163.1 billion, according to the latest data from FactSet.

The data showed U.S. equity ETFs with net inflows of $3.1 billion; international equity ETFs with inflows of $1.6 billion, and U.S. fixed-income ETFs with inflows of $2.3 billion during the week ending Thursday, Aug. 23.

The S&P 500 hit a new record high for the first time in nearly seven months this week, breaching the 2,870 mark. The U.S. 10-year Treasury yield edged down by 5 basis points to 2.82%.

Into USMV, Out Of SPLV

In addition to the BetaBuilders trio, other flows winners during the week included the iShares China Large-Cap ETF (FXI) and the iShares Edge MSCI Min Vol U.S.A. ETF (USMV).

On the flip side, flows losers included the Invesco S&P 500 Low Volatility ETF (SPLV), the iShares MSCI Europe Financials ETF (EUFN) and the iShares MSCI Brazil ETF (EWZ).

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
BBEU JPMorgan BetaBuilders Europe ETF 925.31 1,342.05 222.04%
QQQ Invesco QQQ Trust 756.95 70,869.33 1.08%
BBCA JPMorgan BetaBuilders Canada ETF 711.39 1,484.14 92.06%
IVV iShares Core S&P 500 ETF 602.55 158,090.48 0.38%
IWM iShares Russell 2000 ETF 545.82 48,094.27 1.15%
FXI iShares China Large-Cap ETF 515.75 4,630.11 12.54%
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF 439.99 34,748.63 1.28%
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 412.10 613.90 204.21%
USMV iShares Edge MSCI Min Vol U.S.A. ETF 348.56 15,972.83 2.23%
IJR iShares Core S&P Small Cap ETF 316.33 47,555.73 0.67%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPLV Invesco S&P 500 Low Volatility ETF -790.80 7,309.92 -9.76%
XLK Technology Select Sector SPDR Fund -414.02 22,388.91 -1.82%
XLE Energy Select Sector SPDR Fund -320.58 17,774.49 -1.77%
EUFN iShares MSCI Europe Financials ETF -316.32 1,346.31 -19.03%
VTI Vanguard Total Stock Market ETF -291.95 104,032.99 -0.28%
DIA SPDR Dow Jones Industrial Average ETF Trust -281.24 21,316.42 -1.30%
EZU iShares MSCI Eurozone ETF -263.28 9,568.43 -2.68%
XLP Consumer Staples Select Sector SPDR Fund -254.44 9,247.01 -2.68%
EWZ iShares MSCI Brazil ETF -241.10 5,606.54 -4.12%
SSO ProShares Ultra S&P 500 -236.92 2,610.14 -8.32%

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 3,122.64 2,129,032.96 0.15%
International Equity 1,634.60 792,702.17 0.21%
U.S. Fixed Income 2,341.22 568,983.92 0.41%
International Fixed Income 316.04 63,677.49 0.50%
Commodities  -523.86 59,796.49 -0.88%
Currency -6.85 1,110.38 -0.62%
Leveraged -256.05 37,585.51 -0.68%
Inverse 93.61 12,714.50 0.74%
Asset Allocation -29.06 9,483.10 -0.31%
Alternatives 11.16 4,482.10 0.25%
Total: 6,703.45 3,679,568.62 0.18%

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 61,727.55 2,129,032.96 2.90%
International Equity 35,259.11 792,702.17 4.45%
U.S. Fixed Income 52,624.38 568,983.92 9.25%
International Fixed Income 7,657.13 63,677.49 12.02%
Commodities  -936.22 59,796.49 -1.57%
Currency -77.82 1,110.38 -7.01%
Leveraged 3,508.19 37,585.51 9.33%
Inverse 2,387.78 12,714.50 18.78%
Asset Allocation 646.55 9,483.10 6.82%
Alternatives 276.84 4,482.10 6.18%
Total: 163,073.48 3,679,568.62 4.43%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
WBIC WBI BullBear Yield 2000 ETF 30,329 185,655 612.13%
WBIF WBI BullBear Value 1000 ETF 17,365 97,726 562.77%
WBIY WBI Power Factor High Dividend ETF 52,788 293,512 556.02%
WBIE WBI BullBear Rising Income 1000 ETF 21,851 118,154 540.72%
WBIG WBI BullBear Yield 1000 ETF 23,446 120,661 514.64%
WBIH WBI BullBear Global High Income ETF 71,198 341,977 480.32%
YLD Principal EDGE Active Income ETF 1,476 4,168 282.44%
RYH Invesco S&P 500 Equal Weight Health Care ETF 28,993 74,819 258.06%
IDLV Invesco S&P International Developed Low Volatility ETF 54,354 123,008 226.31%
QQXT First Trust NASDAQ-100 Ex-Technology Sector Index Fund 3,530 7,188 203.66%

 

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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