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ETFs AM Wrap-Up: Fund Flows turn negative for SPY while international ETFs are mixed

Mar 19, 2019

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  • Yesterday, nearly USD$2 billion flowed out of the S&P 500 ETF Trust (SPY), taking its 30-day net fund flows to a negative USD$1.4 billion.  In contrast, there seems to be a pick-up in flows to the Vanguard S&P 500 ETF (VOO) with 30-day fund flows now at a +USD$3.5 billion.  Are we again watching a rotation to cheaper ETFs that track the S&P 500?  How much longer can the SPY keep its net expense ratio at 0.10%, well above its iShares and Vanguard peers? 
  • While flows out of the iShares MSCI EAFE ETF (EFA) continue to be negative, flows into the iShares Core MSCI EAFE ETF (IEFA) are one of the strongest in our universe of 3,000+ ETFs at +USD$2.1 billion.  While the allocations exposure overlap, the IEFA invests in a broader universe of stocks with the number of holdings at 2,479.  In comparison, EFGA has 1,136 holdings.

 

Top 5 ETFs by Assets Under Management (AUM)

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Name Ticker 30-Day Fund Flow ($) 90-Day Fund Flow ($) Assets Under Management ($ billions) Net Expense Ratio (%)
SPDR S&P 500 ETF Trust SPY -$1,390,456,500 -$5,284,552,500 $272.36 0.10%
iShares Core S&P 500 ETF IVV $7,260,695,500 $1,348,857,500 $152.94 0.04%
Vanguard Total Stock Market ETF VTI $1,303,469,633 $3,913,584,790 $99.65 0.04%
Vanguard S&P 500 ETF VOO $3,492,610,449 $2,340,318,395 $93.74 0.04%
iShares MSCI EAFE ETF EFA -$1,931,262,000 -$2,387,982,000 $72.26 0.32%

Source: ETF Global

Top 5 ETFs by Lowest Net Expense Ratios

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Name Ticker 30-Day Fund Flow ($) 90-Day Fund Flow ($) Assets Under Management ($ billions) Net Expense Ratio (%)
Schwab US Large-Cap ETF SCHX $271,144,000 $349,072,500 $12.93 0.03%
SPDR Portfolio Total Stock Market ETF SPTM $90,499,500 $347,576,000 $2.06 0.03%
SPDR Portfolio Large Cap ETF SPLG $150,775,500 $379,613,000 $1.29 0.03%
iShares Core S&P Total U.S. Stock Market ETF ITOT $1,045,662,500 $2,085,861,000 $14.09 0.03%
Schwab US Broad Market ETF SCHB $451,128,500 $753,074,500 $12.38 0.03%

Source: ETF Global

Top 5 ETFs by 30-Day Fund Flow

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Name Ticker 30-Day Fund Flow ($) 90-Day Fund Flow ($) Assets Under Management ($ billions) Net Expense Ratio (%)
iShares Core S&P 500 ETF IVV $7,260,695,500 $1,348,857,500 $152.94 0.04%
Graniteshares Gold Trust BAR $4,126,134,500 $4,258,634,300 $0.00 0.20%
Vanguard S&P 500 ETF VOO $3,492,610,449 $2,340,318,395 $93.74 0.04%
iShares Core MSCI EAFE ETF IEFA $2,127,470,000 $2,403,324,000 $53.73 0.08%
Vanguard Value ETF VTV $1,800,865,104 $3,379,544,696 $38.10 0.05%

Source: ETF Global

Top 5 ETFs by 90-Day Fund Flow

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Name Ticker 30-Day Fund Flow ($) 90-Day Fund Flow ($) Assets Under Management ($ billions) Net Expense Ratio (%)
iShares Core MSCI Emerging Markets ETF IEMG $278,568,000 $6,135,222,000 $46.59 0.14%
Graniteshares Gold Trust BAR $4,126,134,500 $4,258,634,300 $0.00 0.20%
iShares Edge MSCI Min Vol USA ETF USMV $1,213,184,000 $4,027,856,000 $15.79 0.15%
Vanguard Total Stock Market ETF VTI $1,303,469,633 $3,913,584,790 $99.65 0.04%
Vanguard Value ETF VTV $1,800,865,104 $3,379,544,696 $38.10 0.05%

Source: ETF Global

 

 

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