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ETFs AM Wrap-Up: Investors Rotate from US Large-Caps in Favor of Treasuries

Apr 19, 2019

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  • Investors continued to sell US large-cap ETFs yesterday with the SPDR S&P 500 ETF Trust (SPY) observing more than $1.95 billion in outflows and the Vanguard S&P 500 ETF (VOO) seeing more than $92.5 billion in outflows. In the first major week of US earnings season, the SPY’s 1-week outflow of $1.71 billion may signal of growing uncertainty surrounding US large-cap earnings results.
     
  • SPY has a “Caution” ETF Smart Beta Score and a “Buy” AI Trading Signal. VOO has a “Caution” ETF Smart Beta Score and a “Buy” AI Trading Signal.
     
  • The iShares 20+ Year Treasury ETF (TLT) is the #1 ETF in our 3,000+ ETF universe both in terms of 1-day fund flow and 1-week fund flow, potentially indicating that investors are transitioning to more of a risk-off feel as we move deeper into earnings season. TLT has a “Buy” AI Trading Signal.  
     
  • Curious to see the Invesco Ultra Short Duration ETF (GSY) crack the top 5 ETFs in terms of 1-day fund flow, receiving more than $196.2 million of inflows yesterday. Investors have been increasing their exposure to duration of late, so it is surprising to see this ultra short duration bond fund receive such large inflows yesterday. Could this be an investor or group of investors hedging?

 

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 -$1,954,186,526 -$1,711,248,643 $4,858,952,456 $2,888,189,732 $277.48 0.09%
iShares Core S&P 500 ETF IVV $145,731,350 $466,389,540 $3,473,554,095 $3,216,528,135 $176.78 0.04%
Vanguard Total Stock Market ETF VTI $193,398,420 $434,627,325 $1,106,569,437 $2,479,654,386 $113.22 0.04%
Vanguard S&P 500 ETF VOO -$92,588,935 $600,527,844 $1,120,797,924 $6,243,800,603 $111.68 0.04%
Invesco QQQ Trust QQQ $46,785,000 $1,097,106,100 -$397,968,000 $1,217,189,650 $74.72 0.20%
 

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 $5,139,500 $0 $0.03 0.02%
SPDR Portfolio Large Cap ETF SPLG $3,401,420 $51,126,256 -$57,377,823 $250,612,908 $2.26 0.03%
iShares Core S&P Total U.S. Stock Market ETF ITOT $0 $164,805,125 $570,993,790 $2,161,424,300 $19.63 0.03%
Schwab US Large-Cap ETF SCHX $6,923,592 $350,355,005 $452,742,923 $738,322,190 $16.35 0.03%
Schwab US Broad Market ETF SCHB -$174,099,238 -$184,379,728 -$102,377,533 $336,646,282 $14.60 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 20+ Year Treasury Bond ETF TLT $1,466,989,200 $1,466,082,300 $1,782,124,390 $2,556,267,170 $12.02 0.15%
Health Care Select Sector SPDR Fund XLV $681,943,241 $239,979,071 -$187,748,171 $18,416,058 $18.13 0.13%
SPDR S&P Biotech ETF XBI $241,373,471 $21,185,973 $37,928,179 -$49,634,286 $4.20 0.35%
Invesco Ultra Short Duration ETF GSY $196,255,800 $196,255,800 $347,039,400 $417,758,300 $2.52 0.25%
iShares MSCI China ETF MCHI $194,660,100 $207,451,300 $233,387,820 $311,976,140 $4.88 0.62%

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 20+ Year Treasury Bond ETF TLT $1,466,989,200 $1,466,082,300 $1,782,124,390 $2,556,267,170 $12.02 0.15%
Invesco QQQ Trust QQQ $46,785,000 $1,097,106,100 -$397,968,000 $1,217,189,650 $74.72 0.20%
iShares Core MSCI EAFE ETF IEFA $0 $857,092,600 $2,375,952,020 $3,917,991,260 $63.12 0.08%
Financial Select Sector SPDR Fund XLF -$8,220,717 $630,315,954 -$53,262,935 -$873,732,151 $25.17 0.13%
Vanguard S&P 500 ETF VOO -$92,588,935 $600,527,844 $1,120,797,924 $6,243,800,603 $111.68 0.04%

Source: ETF Global

Top 5 ETFs by 1-Month Fund Flow

On Mobile/Tablet scroll to the right

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 -$1,954,186,526 -$1,711,248,643 $4,858,952,456 $2,888,189,732 $277.48 0.09%
iShares Core S&P 500 ETF IVV $145,731,350 $466,389,540 $3,473,554,095 $3,216,528,135 $176.78 0.04%
iShares Core MSCI EAFE ETF IEFA $0 $857,092,600 $2,375,952,020 $3,917,991,260 $63.12 0.08%
iShares 20+ Year Treasury Bond ETF TLT $1,466,989,200 $1,466,082,300 $1,782,124,390 $2,556,267,170 $12.02 0.15%
iShares U.S. Treasury Bond ETF GOVT $67,333,140 $249,776,890 $1,578,753,600 $2,502,276,050 $9.83 0.15%

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 -$92,588,935 $600,527,844 $1,120,797,924 $6,243,800,603 $111.68 0.04%
Graniteshares Gold Trust BAR $0 $0 $7,136,100 $4,116,422,570 $0.46 0.17%
iShares Core MSCI EAFE ETF IEFA $0 $857,092,600 $2,375,952,020 $3,917,991,260 $63.12 0.08%
iShares Core MSCI Emerging Markets ETF IEMG $0 $0 $94,117,680 $3,660,824,280 $61.17 0.14%
Vanguard Intermediate-Term Corporate Bond ETF VCIT $43,130,000 $51,643,000 $517,324,000 $3,654,085,000 $23.04 0.07%

Source: ETF Global

 

 

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