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ETF AM Wrap-Up: Risk-Off Rules as Investors Demand Safe Haven Assets

Jun 04, 2019

Actionable and Transparent Quantitative ResearchActionable and Transparent Quantitative Research
Actionable and Transparent Quantitative ResearchActionable and Transparent Quantitative Research
 
  • The rotation into safe haven and risk-off assets accelerated in Monday’s trading ETFs classified within these categories receiving notably elevated levels of inflows.  
     
  • Among the top 5 ETFs by 1-day fund flow, 4 are US Treasury ETFs. The iShares 7-10 Year Treasury Bond ETF (IEF) was the number 1 ETF by 1-day fund flow yesterday with more than $1.92 billion of positive inflows. While the iShares Short Treasury Bond ETF (SHV) also received notable inflows of $353.9 million yesterday, the demand for shorter-term Treasury ETFs was significantly less than their longer-term counterparts.
  • IEF has a “SELL” trading signal.  
  • SHV has a “SELL” trading signal.
     
  • Also worth noting that the SPDR Gold Shares ETF (GLD) is a top ETF by 1-day and 1-week fund flow after receiving $684.72 million of positive inflows yesterday. This speaks to the broad rotation among investors into the safe haven gold asset, which many see as a way to protect their portfolio’s downside from an economic downturn or recession.  The Graniteshares Gold Trust (BAR) is also a top ETF by 3-month fund flow with more than $4.13 billion of positive inflows over the last 3 months, further supporting the broad rotation among investors into gold.
  • GLD has a “SELL” trading signal.

 

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 -$275,424,119 -$4,615,436,403 -$16,565,680,431 -$10,046,044,702 $247.61 0.09%
iShares Core S&P 500 ETF IVV -$27,725,740 $718,252,475 $2,166,861,245 $11,805,946,525 $169.30 0.04%
Vanguard Total Stock Market ETF VTI $14,880,866 -$149,653,872 $784,290,572 $2,796,553,107 $108.35 0.03%
Vanguard S&P 500 ETF VOO $165,642,646 $239,439,189 $343,334,385 $4,745,679,624 $106.17 0.03%
Vanguard FTSE Developed Markets ETF VEA $1,263,134 $104,259,278 $233,469,119 $812,043,937 $69.49 0.05%
 

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%
Schwab US Large-Cap ETF SCHX -$98,812,526 -$11,974,287 $233,672,379 $1,028,762,495 $15.82 0.03%
SPDR Portfolio Total Stock Market ETF SPTM $0 $8,713,418 $99,046,807 $303,627,425 $3.19 0.03%
Vanguard S&P 500 ETF VOO $165,642,646 $239,439,189 $343,334,385 $4,745,679,624 $106.17 0.03%
iShares Core S&P Total U.S. Stock Market ETF ITOT $0 $0 $666,550,145 $1,241,175,690 $19.30 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 7-10 Year Treasury Bond ETF IEF $1,925,798,940 $2,420,300,220 $2,474,391,890 $2,366,702,190 $16.40 0.15%
SPDR Bloomberg Barclays Intermediate Term Treasury ETF ITE $845,785,964 $845,785,964 $845,785,964 $899,764,214 $1.58 0.10%
SPDR Gold Shares GLD $684,717,600 $865,684,000 $551,304,000 -$1,166,021,400 $32.16 0.40%
SPDR Portfolio Long Term Treasury ETF SPTL $435,003,911 $586,601,332 $666,266,796 $565,751,605 $2.44 0.06%
iShares Short Treasury Bond ETF SHV $353,857,280 $486,522,240 $817,688,390 $1,656,385,980 $20.83 0.15%

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 7-10 Year Treasury Bond ETF IEF $1,925,798,940 $2,420,300,220 $2,474,391,890 $2,366,702,190 $16.40 0.15%
iShares 1-3 Year Treasury Bond ETF SHY $169,034,800 $1,037,659,200 $1,281,327,170 $1,721,572,920 $21.03 0.15%
SPDR Gold Shares GLD $684,717,600 $865,684,000 $551,304,000 -$1,166,021,400 $32.16 0.40%
SPDR Bloomberg Barclays Intermediate Term Treasury ETF ITE $845,785,964 $845,785,964 $845,785,964 $899,764,214 $1.58 0.10%
iShares 20+ Year Treasury Bond ETF TLT $52,619,840 $760,576,380 $408,439,570 $2,037,118,720 $14.41 0.15%

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 7-10 Year Treasury Bond ETF IEF $1,925,798,940 $2,420,300,220 $2,474,391,890 $2,366,702,190 $16.40 0.15%
iShares Core S&P 500 ETF IVV -$27,725,740 $718,252,475 $2,166,861,245 $11,805,946,525 $169.30 0.04%
Vanguard Total Bond Market ETF BND $106,873,000 $457,936,000 $1,503,189,000 $1,678,150,000 $40.33 0.04%
iShares Core U.S. Aggregate Bond ETF AGG $220,552,000 $406,731,570 $1,484,103,090 $2,770,055,310 $62.47 0.05%
iShares 1-3 Year Treasury Bond ETF SHY $169,034,800 $1,037,659,200 $1,281,327,170 $1,721,572,920 $21.03 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 -$27,725,740 $718,252,475 $2,166,861,245 $11,805,946,525 $169.30 0.04%
iShares Core MSCI EAFE ETF IEFA $0 $0 $1,218,484,860 $6,101,991,420 $62.44 0.08%
Vanguard S&P 500 ETF VOO $165,642,646 $239,439,189 $343,334,385 $4,745,679,624 $106.17 0.03%
Graniteshares Gold Trust BAR $0 $0 $47,872,550 $4,133,915,520 $0.51 0.17%
Vanguard Total Stock Market ETF VTI $14,880,866 -$149,653,872 $784,290,572 $2,796,553,107 $108.35 0.03%

Source: ETF Global

 

 

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