US equities rose ever so slightly last week as earnings season kicked off, and fixed income flourished as the yield curve has returned to a more normalized level in recent weeks.
Globally, there was more confusion around Brexit and the IMF downgrading its outlook on global economic growth to 3%.
Get our weekly update directly to your inbox
One Week ETF Trends
US Listed ETFs – Equity – 1 Week Best & Worst Returns
After a nearly 50% decline over the past few months, the ETFMG Alternative Harvest ETF MJ bounced back up six and a half percent last week, followed by a majority of health care and marijuana-related ETFs.
Software-related ETFs were last weeks biggest losers, led by the Global X Cloud Computing ETF CLOU
US Listed ETFs – Fixed Income – 1 Week Best & Worst Returns
International fixed income ETFs saw the best performance last week, stirred by the normalized yield curve.
On the other hand, long term US treasury ETFs saw the biggest decline, with ZROZ falling 2.2%.
US Listed ETFs – Equity – 1 Week Top Inflows & Outflows
Equity inflows were all below the $1B
SPY and IVV bottomed out
US Listed ETFs – Fixed Income -1 Week Top Inflows & Outflowss
High yield bond ETFs HYG and JNK saw the largest dollar inflows , followed by broad fixed income index ETF BND.
Treasury ETFs saw the largest outflows, led by short-term treasury ETF SHV followed by long-term treasury ETFs EDV and TLT.
On-Screen Liquidity Momentum
Top 10 secondary-market volume increases where ADV 5-day increased substantially over ADV 20-day and ADV 5-day > $10mm
|ETF Name||Ticker||% Diff.|
|Franklin Liberty Investment Grade Corporate ETF||FLCO||388%|
|VictoryShares USAA MSCI USA Small Cap Value Momentum ETF||USVM||380%|
|iShares MSCI ACWI Low Carbon Target ETF||CRBN||265%|
|Invesco CurrencyShares British Pound Sterling Trust||FXB||213%|
|iShares ESG MSCI EAFE ETF||ESGD||209%|
|JPMorgan Diversified Return International Equity ETF||JPIN||209%|
|Hartford Multifactor Developed Markets (ex-US) ETF||RODM||200%|
|iShares U.S. Consumer Services ETF||IYC||193%|
|Invesco FTSE RAFI U.S. 1500 Small-Mid ETF||PRFZ||180%|
|iShares MSCI Turkey ETF||TUR||170%|
Launches, Filings, Closings, and Other Changes
- Merlyn.AI Bull-Rider Bear-Fighter ETF WIZ, 95bps
- Franklin Disruptive Commerce ETF
- Franklin Genomic Discovery ETF
- Franklin Intelligent Machines ETF
- SmartETFs Marketing Technology ETF
- First Trust Vivaldi Merger Arbitrage ETF
- Reality Shares closes two ETF on Oct 22
- Reality Shares Fundstrat DQM Long ETF DQML
- Reality Shares Nasdaq NexGen Economy China ETF BCNA
Expense ratio changes
- EventShares U.S. Legislative Opportunities ETF PLCY, 86 →75bps