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.

sumit
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Senior ETF Analyst
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Reviewed by: Sumit Roy
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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)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
BBEUJPMorgan BetaBuilders Europe ETF925.311,342.05222.04%
QQQInvesco QQQ Trust756.9570,869.331.08%
BBCAJPMorgan BetaBuilders Canada ETF711.391,484.1492.06%
IVViShares Core S&P 500 ETF602.55158,090.480.38%
IWMiShares Russell 2000 ETF545.8248,094.271.15%
FXIiShares China Large-Cap ETF515.754,630.1112.54%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF439.9934,748.631.28%
BBAXJPMorgan BetaBuilders Developed Asia ex-Japan ETF412.10613.90204.21%
USMViShares Edge MSCI Min Vol U.S.A. ETF348.5615,972.832.23%
IJRiShares Core S&P Small Cap ETF316.3347,555.730.67%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPLVInvesco S&P 500 Low Volatility ETF-790.807,309.92-9.76%
XLKTechnology Select Sector SPDR Fund-414.0222,388.91-1.82%
XLEEnergy Select Sector SPDR Fund-320.5817,774.49-1.77%
EUFNiShares MSCI Europe Financials ETF-316.321,346.31-19.03%
VTIVanguard Total Stock Market ETF-291.95104,032.99-0.28%
DIASPDR Dow Jones Industrial Average ETF Trust-281.2421,316.42-1.30%
EZUiShares MSCI Eurozone ETF-263.289,568.43-2.68%
XLPConsumer Staples Select Sector SPDR Fund-254.449,247.01-2.68%
EWZiShares MSCI Brazil ETF-241.105,606.54-4.12%
SSOProShares Ultra S&P 500-236.922,610.14-8.32%

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity3,122.642,129,032.960.15%
International Equity1,634.60792,702.170.21%
U.S. Fixed Income2,341.22568,983.920.41%
International Fixed Income316.0463,677.490.50%
Commodities -523.8659,796.49-0.88%
Currency-6.851,110.38-0.62%
Leveraged-256.0537,585.51-0.68%
Inverse93.6112,714.500.74%
Asset Allocation-29.069,483.10-0.31%
Alternatives11.164,482.100.25%
Total:6,703.453,679,568.620.18%

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity61,727.552,129,032.962.90%
International Equity35,259.11792,702.174.45%
U.S. Fixed Income52,624.38568,983.929.25%
International Fixed Income7,657.1363,677.4912.02%
Commodities -936.2259,796.49-1.57%
Currency-77.821,110.38-7.01%
Leveraged3,508.1937,585.519.33%
Inverse2,387.7812,714.5018.78%
Asset Allocation646.559,483.106.82%
Alternatives276.844,482.106.18%
Total:163,073.483,679,568.624.43%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
WBICWBI BullBear Yield 2000 ETF30,329185,655612.13%
WBIFWBI BullBear Value 1000 ETF17,36597,726562.77%
WBIYWBI Power Factor High Dividend ETF52,788293,512556.02%
WBIEWBI BullBear Rising Income 1000 ETF21,851118,154540.72%
WBIGWBI BullBear Yield 1000 ETF23,446120,661514.64%
WBIHWBI BullBear Global High Income ETF71,198341,977480.32%
YLDPrincipal EDGE Active Income ETF1,4764,168282.44%
RYHInvesco S&P 500 Equal Weight Health Care ETF28,99374,819258.06%
IDLVInvesco S&P International Developed Low Volatility ETF54,354123,008226.31%
QQXTFirst Trust NASDAQ-100 Ex-Technology Sector Index Fund3,5307,188203.66%

 

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 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.