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ETFs AM Wrap-Up: Investors Buying International Stocks & Continue Rotation into Tech

Apr 25, 2019

Actionable and Transparent Quantitative ResearchActionable and Transparent Quantitative Research
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  • The rotation into tech stocks that we have been highlighting continues with the Invesco QQQ Trust (QQQ) the top ETF by 1-day fund flow in our 3,000+ ETF universe, receiving more than $723.1 million of inflows yesterday. The Vanguard Information Technology ETF (VGT) was also in the top 5 ETFs in our universe by 1-day fund flow with nearly $337.0 million of inflows yesterday.
     
  • Over the past 3-months, $3.5 billion has flowed into the QQQ. 
     
  • We believe that strong earnings from tech companies this week such as Facebook (FB), Twitter (TWTR), and Microsoft (MSFT) could be driving the inflows into tech ETFs. Later this week, tech giant Amazon (AMZN) will also report earnings. Yesterday we discussed our contrarian stance that strong earnings are driving the rally in US stocks, and not simple FOMO, or fear of missing out. You can read more about that here.  
     
  • QQQ currently has a “Poor” ETF Smart Beta Score and a “Sell” AI Trading Signal according to our models. VGT currently has a “Caution” ETF Smart Beta Score and a “Sell” AI Trading Signal according to our models.
     
  • Curious to see the iShares Core MSCI EAFE ETF (IEFA), which tracks equities in developed markets excluding the US and Canada, as a top ETF by 1-day fund flow yesterday with more than $523.3 million flowing into the fund.
     
  • Over the past 3-months, little more than $2.4 billion has flowed into IEFA

 

Top 5 ETFs by Assets Under Management (AUM)

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 -$937,106,330 -$5,372,328,712 $4,802,453,004 $6,076,387,671 $277.79 0.09%
iShares Core S&P 500 ETF IVV -$368,540,125 $10,736,025 $3,011,850,265 $2,989,846,740 $178.01 0.04%
Vanguard Total Stock Market ETF VTI -$28,682,271 $330,238,968 $1,050,883,825 $2,338,320,751 $114.26 0.04%
Vanguard S&P 500 ETF VOO $79,631,251 $127,770,418 $1,113,252,561 $5,557,614,942 $112.47 0.04%
Invesco QQQ Trust QQQ $723,147,600 $2,112,242,600 $502,641,200 $3,521,964,450 $76.59 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 $2,602,500 $0 $0.03 0.02%
SPDR Portfolio Large Cap ETF SPLG $1,721,918 $81,820,793 -$2,467,956 $318,799,423 $2.35 0.03%
iShares Core S&P Total U.S. Stock Market ETF ITOT $16,671,300 $82,713,800 $582,321,220 $1,420,142,780 $19.88 0.03%
Schwab US Large-Cap ETF SCHX $17,511,406 $79,951,770 $484,535,824 $790,145,509 $16.53 0.03%
Schwab US Broad Market ETF SCHB -$7,045,602 -$174,157,203 -$112,837,661 $354,411,760 $14.71 0.03%

Source: ETF Global

Top 5 ETFs by 1-Day 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 (%)
Invesco QQQ Trust QQQ $723,147,600 $2,112,242,600 $502,641,200 $3,521,964,450 $76.59 0.20%
iShares Core MSCI EAFE ETF IEFA $523,339,320 $523,339,320 $2,407,871,340 $4,715,987,220 $63.60 0.08%
Vanguard Information Technology ETF VGT $336,199,500 $456,900,500 $490,836,301 $464,141,194 $21.17 0.10%
Industrial Select Sector SPDR Fund XLI $177,194,768 $176,329,999 $306,715,471 -$195,896,217 $10.97 0.13%
Schwab U.S. TIPs ETF SCHP $145,392,944 $159,058,486 $167,369,234 $213,035,885 $6.18 0.05%

Source: ETF Global

Top 5 ETFs by 1-Week 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 (%)
iShares 20+ Year Treasury Bond ETF TLT $36,764,040 $2,179,168,730 $2,801,483,850 $3,039,269,650 $12.74 0.15%
Invesco QQQ Trust QQQ $723,147,600 $2,112,242,600 $502,641,200 $3,521,964,450 $76.59 0.20%
Utilities Select Sector SPDR Fund XLU $8,617,227 $599,016,281 -$141,212,609 -$463,467,234 $9.18 0.13%
iShares Core MSCI EAFE ETF IEFA $523,339,320 $523,339,320 $2,407,871,340 $4,715,987,220 $63.60 0.08%
Vanguard Information Technology ETF VGT $336,199,500 $456,900,500 $490,836,301 $464,141,194 $21.17 0.10%

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 -$937,106,330 -$5,372,328,712 $4,802,453,004 $6,076,387,671 $277.79 0.09%
iShares Core S&P 500 ETF IVV -$368,540,125 $10,736,025 $3,011,850,265 $2,989,846,740 $178.01 0.04%
iShares 20+ Year Treasury Bond ETF TLT $36,764,040 $2,179,168,730 $2,801,483,850 $3,039,269,650 $12.74 0.15%
iShares Core MSCI EAFE ETF IEFA $523,339,320 $523,339,320 $2,407,871,340 $4,715,987,220 $63.60 0.08%
JPMorgan BetaBuilders Canada ETF BBCA $29,736,000 $29,736,000 $1,334,004,000 $1,352,997,000 $3.70 0.19%

Source: ETF Global

Top 5 ETFs by 3-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 -$937,106,330 -$5,372,328,712 $4,802,453,004 $6,076,387,671 $277.79 0.09%
Vanguard S&P 500 ETF VOO $79,631,251 $127,770,418 $1,113,252,561 $5,557,614,942 $112.47 0.04%
iShares Core MSCI EAFE ETF IEFA $523,339,320 $523,339,320 $2,407,871,340 $4,715,987,220 $63.60 0.08%
Graniteshares Gold Trust BAR $0 -$8,903,300 -$6,330,500 $4,107,519,270 $0.45 0.17%
Invesco QQQ Trust QQQ $723,147,600 $2,112,242,600 $502,641,200 $3,521,964,450 $76.59 0.20%

Source: ETF Global

 

 

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