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ETFs AM Wrap-Up: $1 billion flows in XLF last week

Apr 08, 2019

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  • Flows into US large-cap index ETFs remains robust with nearly $500 million flowing into the iShares Core S&P 500 ETF (IVV).  Over the past week, IVV saw nearly $2 billion in inflows.  At the moment, IVV has a “BUY” trading signal with a “Caution” Smart Beta rating. 
  • We continue to hammer the rotation into tech ETFs.  On Friday, an additional $500 million flowed into the Invesco QQQ Trust (QQQ).  Over the past 3-months, nearly $3 billion has flowed into the QQQ alone!   
  • Shocked to see that Financial Select Sector ETF (XLF) is number 2 in terms of 1-week fund flows, sitting at slightly under $1 billion!  XLF has a “BUY” trading signal according to our Quantamize models.  While the models anticipate these flows and have been correct in determining our directional bias, we are still confused from a qualitative perspective.  Why buy banks if spreads will narrow (since rates are no longer increasing)?  Obviously, the machines know better!

 

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 -$689,345,275 $414,362,289 $4,440,630,574 -$3,892,077,910 $272.52 0.09%
iShares Core S&P 500 ETF IVV $477,114,660 $1,987,583,470 $8,401,650,835 $2,554,842,225 $174.88 0.04%
Vanguard Total Stock Market ETF VTI -$14,426,532 $159,889,672 $955,150,311 $2,678,909,072 $112.35 0.04%
Vanguard S&P 500 ETF VOO $6,594,000 $75,251,148 $3,573,471,885 $5,307,869,076 $110.00 0.04%
ETRACS Alerian MLP Infrastructure Index ETN MLPI $0 $0 -$5,676,225 -$131,829,532 $76.71 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%
iShares Core S&P Total U.S. Stock Market ETF ITOT $0 $137,075,150 $129,185,355 $1,595,947,305 $19.29 0.03%
Schwab US Broad Market ETF SCHB $0 $37,456,686 $142,685,460 $651,821,246 $14.71 0.03%
Schwab US Large-Cap ETF SCHX $0 $51,106,218 $189,062,345 $366,770,250 $15.89 0.03%
SPDR Portfolio Large Cap ETF SPLG $3,375,517 -$18,905,569 -$90,812,888 $200,786,799 $2.19 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 (%)
Invesco QQQ Trust QQQ $523,647,600 $794,844,250 $790,301,250 $3,028,800,600 $73.01 0.20%
iShares Core S&P 500 ETF IVV $477,114,660 $1,987,583,470 $8,401,650,835 $2,554,842,225 $174.88 0.04%
iShares Russell 2000 ETF IWM $420,873,570 $392,277,615 $2,280,399,095 -$1,944,322,010 $44.77 0.20%
SPDR Dow Jones Industrial Average ETF Trust DIA $237,406,154 $302,338,018 -$431,051,328 -$715,725,234 $21.54 0.17%
Financial Select Sector SPDR Fund XLF $138,156,985 $948,684,096 -$471,399,190 -$1,928,057,553 $23.57 0.13%

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 S&P 500 ETF IVV $477,114,660 $1,987,583,470 $8,401,650,835 $2,554,842,225 $174.88 0.04%
Financial Select Sector SPDR Fund XLF $138,156,985 $948,684,096 -$471,399,190 -$1,928,057,553 $23.57 0.13%
Invesco QQQ Trust QQQ $523,647,600 $794,844,250 $790,301,250 $3,028,800,600 $73.01 0.20%
iShares 20+ Year Treasury Bond ETF TLT -$98,928,320 $734,671,800 -$95,220,180 $1,594,930,680 $10.58 0.15%
iShares iBoxx $ High Yield Corporate Bond ETF HYG $103,277,040 $499,235,360 $2,251,941,140 $2,871,300,140 $16.98 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 $477,114,660 $1,987,583,470 $8,401,650,835 $2,554,842,225 $174.88 0.04%
SPDR S&P 500 ETF Trust SPY -$689,345,275 $414,362,289 $4,440,630,574 -$3,892,077,910 $272.52 0.09%
Graniteshares Gold Trust BAR $0 $2,572,800 $4,090,218,120 $4,229,942,650 $0.46 0.17%
Vanguard S&P 500 ETF VOO $6,594,000 $75,251,148 $3,573,471,885 $5,307,869,076 $110.00 0.04%
iShares Core MSCI EAFE ETF IEFA $0 $0 $2,323,308,820 $2,628,043,860 $61.44 0.08%

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 (%)
Vanguard S&P 500 ETF VOO $6,594,000 $75,251,148 $3,573,471,885 $5,307,869,076 $110.00 0.04%
iShares Core MSCI Emerging Markets ETF IEMG $0 $0 $156,102,720 $5,149,022,160 $60.76 0.14%
Graniteshares Gold Trust BAR $0 $2,572,800 $4,090,218,120 $4,229,942,650 $0.46 0.17%
Vanguard Intermediate-Term Corporate Bond ETF VCIT $43,045,000 $155,266,000 $609,390,000 $3,781,340,156 $22.84 0.07%
iShares Edge MSCI Min Vol USA ETF USMV $23,582,000 $76,576,060 $934,985,020 $3,561,349,700 $25.24 0.15%

Source: ETF Global

 

 

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Stock Model PortfoliosMulti-factor quantitatively optimized portfolios risk-adjusted to provide investors an ATTRACTIVERISK/RETURN TRADE-OFF