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ETFs AM Wrap-Up: IEFA sees large positive inflows, further rotation to cyclical stocks and IVV continues to grow assets

Mar 26, 2019

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  • iShares Core MSCI EAFE ETF (IEFA) saw the largest net inflows yesterday out of our entire universe of 3,000+ ETFs.  Nearly USD$595 million flowed into the international-focused ETF.  Over the past week, over USD$1 billion has flowed into the IEFA. 
  • Are we witnessing a rotation into cyclical stocks?  The iShares Russell 2000 ETF (IWM) and Invesco QQQ Trust (QQQ) saw a combined USD$600 million flow into the 2 ETFs yesterday with both of them in the top 5 for 1-day net fund flows.  IWM has a smart beta rating of "Best" with a "Buy" trading signal.  QQQ is rated "Poor" according to the Quantamize smart beta ratings while its trading signal is "Buy". 
  • Slightly more than USD$200 million flowed out of the SPDR S&P 500 ETF Trust (SPY) and the Vanguard S&P 500 ETF (VOO) while another USD$127 million has flowed into iShares Core S&P 500 RTF (IVV).  The growth in assets of the IVV continues at the expense of both SPY and VOO despite correlation between the 3 ETFs north of 0.99!  Total asset under management for UVV is now up to USD$167 billion.  Will it overtake SPY over the next few months?  Maybe...

 

Top 5 ETFs by Assets Under Management (AUM)

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Name Ticker 1-Day
Fund Flow ($)
1-Week
Fund Flow ($)
1-Month
Fund Flow ($)
3-Month
Fund Flow ($)
Assets Under
Management ($ billions)
Net Expense
 Ratio (%)
SPDR S&P 500 ETF Trust SPY -$97,730,964 $169,584,260 $1,271,289,819 -$7,574,137,331 $260.43 0.09%
iShares Core S&P 500 ETF IVV $126,500,175 $124,997,530 $6,779,331,235 $3,106,083,545 $167.16 0.04%
Vanguard Total Stock Market ETF VTI $215,280,000 $233,512,904 $1,458,596,094 $3,832,404,290 $108.22 0.04%
Vanguard S&P 500 ETF VOO -$198,717,750 -$152,772,216 $2,934,025,911 $2,377,525,157 $106.12 0.04%
ETRACS Alerian MLP Infrastructure Index ETN MLPI $0 -$5,676,225 -$22,262,025 -$137,669,940 $75.23 0.85%

Source: ETF Global

Top 5 ETFs by Lowest Net Expense Ratios

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Name Ticker 1-Day
 Fund Flow ($)
1-Week
Fund Flow ($)
1-Month
Fund Flow ($)
3-Month
Fund Flow ($)
Assets Under
Management ($ billions)
Net Expense
Ratio (%)
JPMORGAN BETABUILDERS U.S. EQUITY ETF BBUS $0 $2,537,000 $0 $0 $0.03 0.02%
Schwab US Broad Market ETF SCHB $0 $27,336,231 $347,131,292 $741,620,386 $14.14 0.03%
SPDR Portfolio Total Stock Market ETF SPTM $0 $28,098,666 $108,254,787 $376,971,435 $3.02 0.03%
Schwab US Large-Cap ETF SCHX $0 $64,432,690 $335,312,640 $445,755,679 $15.31 0.03%
SPDR Portfolio Large Cap ETF SPLG -$11,476,045 $15,073,773 $133,489,133 $333,626,049 $2.23 0.03%

Source: ETF Global

Top 5 ETFs by 1-Day Fund Flow

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Name Ticker 1-Day
Fund Flow ($)
1-Week
Fund Flow ($)
1-Month
Fund Flow ($)
3-Month
Fund Flow ($)
Assets Under
Management ($ billions)
Net Expense
Ratio (%)
iShares Core MSCI EAFE ETF IEFA $594,584,620 $1,086,004,620 $3,213,484,000 $3,503,842,700 $59.73 0.08%
iShares Russell 2000 ETF IWM $366,601,340 $482,121,105 $865,884,535 -$2,217,963,545 $42.53 0.20%
Vanguard High Dividend Yield ETF VYM $336,816,500 $418,266,074 $605,987,007 $134,438,197 $22.89 0.08%
Vanguard Total Stock Market ETF VTI $215,280,000 $233,512,904 $1,458,596,094 $3,832,404,290 $108.22 0.04%
Invesco QQQ Trust QQQ $214,132,800 $593,875,100 $3,433,161,650 $2,833,234,900 $71.80 0.20%

Source: ETF Global

Top 5 ETFs by 1-Week Fund Flow

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Name Ticker 1-Day
Fund Flow ($)
1-Week
Fund Flow ($)
1-Month
 Fund Flow ($)
3-Month
Fund Flow ($)
Assets Under
Management ($ billions)
Net Expense
 Ratio (%)
iShares Core MSCI EAFE ETF IEFA $594,584,620 $1,086,004,620 $3,213,484,000 $3,503,842,700 $59.73 0.08%
iShares iBoxx $ Investment Grade Corporate Bond ETF LQD $35,477,940 $808,174,670 $1,066,192,130 $1,484,410,480 $33.47 0.15%
Invesco QQQ Trust QQQ $214,132,800 $593,875,100 $3,433,161,650 $2,833,234,900 $71.80 0.20%
iShares Russell 2000 ETF IWM $366,601,340 $482,121,105 $865,884,535 -$2,217,963,545 $42.53 0.20%
iShares iBoxx $ High Yield Corporate Bond ETF HYG -$214,480,250 $471,095,690 $98,569,960 $2,165,921,110 $15.85 0.49%

Source: ETF Global

Top 5 ETFs by 1-Month Fund Flow

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Name Ticker 1-Day
Fund Flow ($)
1-Week
 Fund Flow ($)
1-Month
Fund Flow ($)
3-Month
 Fund Flow ($)
Assets Under
Management ($ billions)
Net Expense
Ratio (%)
iShares Core S&P 500 ETF IVV $126,500,175 $124,997,530 $6,779,331,235 $3,106,083,545 $167.16 0.04%
Graniteshares Gold Trust BAR $0 $4,563,300 $4,094,271,720 $4,227,369,850 $0.47 0.17%
Invesco QQQ Trust QQQ $214,132,800 $593,875,100 $3,433,161,650 $2,833,234,900 $71.80 0.20%
iShares Core MSCI EAFE ETF IEFA $594,584,620 $1,086,004,620 $3,213,484,000 $3,503,842,700 $59.73 0.08%
Vanguard S&P 500 ETF VOO -$198,717,750 -$152,772,216 $2,934,025,911 $2,377,525,157 $106.12 0.04%

Source: ETF Global

Top 5 ETFs by 3-Month Fund Flow

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Name Ticker 1-Day
Fund Flow ($)
1-Week
Fund Flow ($)
1-Month
Fund Flow ($)
3-Month
Fund Flow ($)
Assets Under
Management ($ billions)
Net Expense
Ratio (%)
iShares Core MSCI Emerging Markets ETF IEMG $0 $94,117,680 $343,492,800 $6,041,885,400 $58.67 0.14%
Graniteshares Gold Trust BAR $0 $4,563,300 $4,094,271,720 $4,227,369,850 $0.47 0.17%
Vanguard Total Stock Market ETF VTI $215,280,000 $233,512,904 $1,458,596,094 $3,832,404,290 $108.22 0.04%
iShares Edge MSCI Min Vol USA ETF USMV $28,967,500 $173,750,230 $673,675,260 $3,727,705,880 $24.17 0.15%
iShares Core MSCI EAFE ETF IEFA $594,584,620 $1,086,004,620 $3,213,484,000 $3,503,842,700 $59.73 0.08%

Source: ETF Global

 

 

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