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ETFs AM Wrap-Up: Flows in US Large-cap ETFs continue, High Yield Bond ETFs seeing large inflows

Apr 03, 2019

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  • The flows into US ETFs continue with $1.2 flowing into the iShares Core S&P 500 ETF (IVV) yesterday.  Just keeping count... this week alone, nearly $5 billion has flowed into passive US Large-Cap ETFs.  Can’t say there isn’t a rotation going on!  We have been hammering this point the past 2 weeks but quietly investors are shifting funds into US large-cap.  Between the three bigs, iShares Core S&P 500 ETF (IVV), SPDR S&P 500 ETF (SPY), and Vanguard S&P 500 ETF (VOO), close to $10 billion has flowed into these 3 ETFs over the past month!  
  • Over the past week, nearly $1.5 billion has flowed into high-yield ETFs.  The SPDR Bloomberg Barclays High Yield Bond ETF (JNK) and the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) are the major beneficiaries of these flows.   Obviously, flows into these bond ETFs are directly related to the fact that fed funds futures no longer price in any probability of future rate cuts.  At the moment, both JNK and HYG have “SELL” trading signals according to our Quantamize models.

 

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 $214,451,258 $2,787,887,365 $1,034,355 -$12,837,242,807 $268.52 0.09%
iShares Core S&P 500 ETF IVV $1,209,024,600 $1,351,036,220 $8,214,634,500 $2,779,915,800 $172.60 0.04%
Vanguard Total Stock Market ETF VTI $48,201,617 -$88,016,165 $705,105,958 $3,479,771,023 $110.90 0.04%
Vanguard S&P 500 ETF VOO $14,162,238 $154,506,105 $3,448,188,884 $2,010,456,978 $108.94 0.04%
ETRACS Alerian MLP Infrastructure Index ETN MLPI $0 $0 -$22,262,025 -$131,829,532 $76.69 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 $0 $0 $0 $0.03 0.02%
SPDR Portfolio Large Cap ETF SPLG $3,361,196 -$29,168,745 $28,894,328 $278,175,637 $2.21 0.03%
SPDR Portfolio Total Stock Market ETF SPTM $21,347,759 $51,077,176 $136,686,060 $292,327,594 $3.17 0.03%
Schwab US Broad Market ETF SCHB $0 $54,296,981 $129,137,643 $821,680,129 $14.56 0.03%
Schwab US Large-Cap ETF SCHX $17,100,659 $37,365,718 $272,521,282 $455,290,225 $15.73 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 S&P 500 ETF IVV $1,209,024,600 $1,351,036,220 $8,214,634,500 $2,779,915,800 $172.60 0.04%
SPDR S&P 500 ETF Trust SPY $214,451,258 $2,787,887,365 $1,034,355 -$12,837,242,807 $268.52 0.09%
iShares MSCI Japan ETF EWJ $165,276,000 $479,293,395 -$1,726,142,205 -$2,496,860,490 $13.90 0.49%
Technology Select Sector SPDR Fund XLK $135,070,675 $513,720,239 -$416,268,025 -$1,020,563,035 $20.12 0.13%
Franklin LibertyQ U.S. Equity ETF FLQL $117,128,058 $128,035,319 $622,175,642 $670,167,325 $1.13 0.25%

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 (%)
SPDR S&P 500 ETF Trust SPY $214,451,258 $2,787,887,365 $1,034,355 -$12,837,242,807 $268.52 0.09%
iShares Core S&P 500 ETF IVV $1,209,024,600 $1,351,036,220 $8,214,634,500 $2,779,915,800 $172.60 0.04%
iShares iBoxx $ High Yield Corporate Bond ETF HYG $17,184,800 $979,955,600 $1,679,110,010 $3,714,608,300 $16.81 0.49%
Technology Select Sector SPDR Fund XLK $135,070,675 $513,720,239 -$416,268,025 -$1,020,563,035 $20.12 0.13%
SPDR Bloomberg Barclays High Yield Bond ETF JNK -$71,553,522 $499,987,551 $1,170,055,005 $2,227,823,689 $9.50 0.40%

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 $1,209,024,600 $1,351,036,220 $8,214,634,500 $2,779,915,800 $172.60 0.04%
Graniteshares Gold Trust BAR $0 $0 $4,087,645,320 $4,227,369,850 $0.46 0.17%
Vanguard S&P 500 ETF VOO $14,162,238 $154,506,105 $3,448,188,884 $2,010,456,978 $108.94 0.04%
iShares Core MSCI EAFE ETF IEFA $0 $0 $2,673,384,640 $2,628,043,860 $60.90 0.08%
iShares iBoxx $ High Yield Corporate Bond ETF HYG $17,184,800 $979,955,600 $1,679,110,010 $3,714,608,300 $16.81 0.49%

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 $0 $156,102,720 $5,149,022,160 $60.01 0.14%
Graniteshares Gold Trust BAR $0 $0 $4,087,645,320 $4,227,369,850 $0.46 0.17%
iShares Edge MSCI Min Vol USA ETF USMV $11,802,400 $274,734,250 $968,240,740 $3,867,753,780 $25.09 0.15%
iShares iBoxx $ High Yield Corporate Bond ETF HYG $17,184,800 $979,955,600 $1,679,110,010 $3,714,608,300 $16.81 0.49%
Vanguard Intermediate-Term Corporate Bond ETF VCIT $17,206,000 $164,508,000 $574,170,000 $3,678,857,156 $22.74 0.07%

Source: ETF Global

 

 

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