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

Senior ETF Analyst

Aug 24, 2018

Reviewed by: Sumit Roy

Edited by: Sumit Roy

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.

Sumit Roy

| Contact: [email protected]

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.

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

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

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