Weekly ETF Inflows For New JP Morgan Funds Top $2B
Money continued to pour into J.P. Morgan’s ETFs, helping fuel weekly net inflows of $6.7B.
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.