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ETF AM Wrap-Up: Risk-Off Sentiment Dominates As Investors Rotate Into Fixed Income ETFs

May 13, 2019

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  • The Invesco QQQ Trust (QQQ) observed the highest 1-day fund flow of $489.7 million on Friday among the 3,000+ ETFs in our coverage universe. The elevated inflows into the US-tech heavy large-cap stock index were likely in response to positive comments made by US President Trump regarding US-China trade negotiations. However, as we know this morning and discussed in our Morning Preview, US-China trade sentiment turned sour this weekend with US stock futures pointing to an open deep in the red.
  • The QQQ has a “BUY” trading signal and a “Poor” Smart Beta rating.
     
  • Risk-off sentiment dominated in Friday’s trading with 4 of the top 5 ETFs by 1-day fund flow in our coverage universe being fixed income ETFs. As uncertainty grows surrounding the US-China trade war and the state of global economic growth, investors are rotating into fixed income in search of more stable and predictable returns.
  • The Vanguard Total Bond Market ETF (BND) has a “SELL” trading signal.  
  • The iShares US Treasury Bond ETF (GOVT) has a “BUY” trading signal. 
  • The iShares 20+ Year Treasury Bond ETF (TLT) has a “BUY” trading signal.  
  • The iShares Core US Aggregate Bond ETF (AGG) has a “SELL” trading signal.

 

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 -$917,658,042 -$7,585,093,001 -$9,608,298,518 -$3,184,279,628 $264.43 0.09%
iShares Core S&P 500 ETF IVV $144,353,250 $405,069,735 $715,848,405 $9,992,394,885 $175.42 0.04%
Vanguard Total Stock Market ETF VTI $10,980,628 $151,165,576 $1,308,667,716 $2,996,533,567 $113.42 0.03%
Vanguard S&P 500 ETF VOO -$802,920,117 -$322,455,785 $1,114,213,179 $4,574,080,921 $110.93 0.03%
ETRACS Alerian MLP Infrastructure Index ETN MLPI $0 -$7,703,325 -$7,703,325 -$65,720,777 $74.15 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 $145,131,590 $483,049,080 $2,023,602,485 $19.83 0.03%
Schwab US Broad Market ETF SCHB $0 $34,626,115 -$146,285,732 $434,532,581 $14.55 0.03%
SPDR Portfolio Total Stock Market ETF SPTM $0 $1,908,487 $45,021,242 $222,522,948 $3.25 0.03%
Schwab US Large-Cap ETF SCHX $0 $17,337,542 $563,193,770 $1,022,627,745 $16.44 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 $489,735,900 -$287,681,750 -$943,860,300 $1,169,669,200 $72.70 0.20%
Vanguard Total Bond Market ETF BND $291,348,000 $372,183,000 $364,173,000 $778,904,000 $38.45 0.04%
iShares U.S. Treasury Bond ETF GOVT $278,921,910 $349,171,410 $869,721,200 $2,442,303,980 $10.30 0.15%
iShares 20+ Year Treasury Bond ETF TLT $224,516,160 $149,676,900 $1,773,680,960 $1,475,241,670 $12.52 0.15%
iShares Core U.S. Aggregate Bond ETF AGG $195,456,420 $260,967,880 $704,539,170 $2,008,026,520 $60.24 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 Core S&P 500 ETF IVV $144,353,250 $405,069,735 $715,848,405 $9,992,394,885 $175.42 0.04%
Vanguard Total Bond Market ETF BND $291,348,000 $372,183,000 $364,173,000 $778,904,000 $38.45 0.04%
iShares U.S. Treasury Bond ETF GOVT $278,921,910 $349,171,410 $869,721,200 $2,442,303,980 $10.30 0.15%
iShares Core MSCI EAFE ETF IEFA $0 $345,786,420 $2,123,053,540 $5,769,392,340 $62.82 0.08%
Health Care Select Sector SPDR Fund XLV -$62,243,144 $306,324,545 -$350,881,714 -$625,233,538 $18.07 0.13%

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 (%)
iShares Core MSCI EAFE ETF IEFA $0 $345,786,420 $2,123,053,540 $5,769,392,340 $62.82 0.08%
iShares 20+ Year Treasury Bond ETF TLT $224,516,160 $149,676,900 $1,773,680,960 $1,475,241,670 $12.52 0.15%
Vanguard Total Stock Market ETF VTI $10,980,628 $151,165,576 $1,308,667,716 $2,996,533,567 $113.42 0.03%
Vanguard S&P 500 ETF VOO -$802,920,117 -$322,455,785 $1,114,213,179 $4,574,080,921 $110.93 0.03%
iShares U.S. Treasury Bond ETF GOVT $278,921,910 $349,171,410 $869,721,200 $2,442,303,980 $10.30 0.15%

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 (%)
iShares Core S&P 500 ETF IVV $144,353,250 $405,069,735 $715,848,405 $9,992,394,885 $175.42 0.04%
iShares Core MSCI EAFE ETF IEFA $0 $345,786,420 $2,123,053,540 $5,769,392,340 $62.82 0.08%
Vanguard S&P 500 ETF VOO -$802,920,117 -$322,455,785 $1,114,213,179 $4,574,080,921 $110.93 0.03%
Graniteshares Gold Trust BAR $0 $42,695,750 $31,894,200 $4,128,738,720 $0.49 0.17%
Vanguard Total Stock Market ETF VTI $10,980,628 $151,165,576 $1,308,667,716 $2,996,533,567 $113.42 0.03%

Source: ETF Global

 

 

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