ETF Weekly Update 4/26

Welcome to ETFLogic’s weekly update.

We look back at last week’s flows, provide details on new ETF launches and include a timely data point or tool from the ETFLogicInsights Platform.

WeWork & Slack have announced IPO’s, the FOMC meeting kicks off today, and the Kentucky Derby is this Saturday!

Here’s what went down in the ETF markets last week…

One Week Trends

US Listed ETFs – Equity – 1 Week Best & Worst Returns

Healthcare ETFs topped equity returns last week, along with silver and the two marijuana ETFs (MJ) and (YOLO).

Oil & Gas the clear losers last week, along with rare earth metals.

US Listed ETFs – Fixed Income – 1 Week Best & Worst Returns

Fixed income returns were led by First Trust SSI Strategic Convertible Securities (FCVT).

International fixed income ETFs took a hit last week, with half of the worst return names being in emerging markets.

US Listed ETFs – Equity – 1 Week Inflows & Outflows

Equity ETF inflows were led by SPDR S&P Dividend ETF (SDY), followed by iShares Core MSCI EAFE (IEFA).

SPDR S&P 500 Trust (SPY) had largest equity outflows, followed by iShares Core S&P 500 (IVV).

US Listed ETFs – Fixed Income – 1 Week Inflows & Outflows

Long-term treasury bond ETFs saw major inflows last week, led by iShares 20+ Year Treasury Bond (TLT). Long-term and intermediate-term names overall saw major inflows last week.

Short-term treasury bonds saw major outflows, led by a whopping $1.2B out of Vanguard Short-Term Bond (BSV). Short-term corporate bonds also saw outflows for the week.

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
First Trust Utilities AlphaDEX FundFXU285%
Xtrackers MSCI All China EquityCN266%
First Trust Health Care AlphaDEX FundFXH231%
JPMorgan BetaBuilders Developed Asia ex-JapanBBAX216%
iShares Global REITREET197%
Schwab Fundamental U.S. Small Company IndexFNDA183%
Highland iBoxx Senior LoanSNLN145%
Goldman Sachs ActiveBeta Emerging Markets EquityGEM130%
iShares Edge MSCI Multifactor IntlINTF126%
Vanguard S&P 500 Growth ETFVOOG115%

New  Launches, Filings, Closings and Changes 

New Launches:

  • Virtus launched its Virtus Seix Senior Loan ETF (SEIX), 57 bps

New Filings

  • Aptus Collared Income Opportunity ETF (ACIO), 79 bps
  • Wahed FTSE USA Shariah ETF (HLAL), 50 bps

Closings

  • QuantX to close its remaining 3 funds
    • QuantX Risk Managed Growth ETF (QXGG)
    • QuantX Risk Managed Multi-Asset Total Return ETF (QXTR)
    • QuantX Dynamix Beta US Equity ETF (XUSA)
  • The Workplace Equality Portfolio ETF EQLT from ALPS saw its last day of trading on the 26th.

Expense Ratio Changes

  • Western Asset Total Return ETF (WBND): 47 bps→45 bps
  • VanEck Vectors Gold Miners ETF (GDX): 52 bps→53 bps
  • VanEck Vectors Junior Gold Miners ETF (GDXJ): 53 bps→54 bps
  • VanEck Vectors Russia ETF (RSX): 65 bps→67 bps
  • SPDR Bloomberg Barclays Intermediate Term Treasury ETF (ITE): 6 bps→ 10 bps
  • VanEck Vectors Vietnam ETF(VNM): 68 bps→66 bps
  • VanEck Vectors India Small-Cap Index ETF (SCIF): 3 bps→72 bps
  • VanEck Vectors Rare Earth/Strategic Metals ETF (REMX): 59 bps→57 bps
  • VanEck Vectors Brazil Small-Cap ETF (BRF): 60 bps→59 bps
  • VanEck Vectors Natural Resources ETF (HAP): 50 bps→49 bps
  • VanEck Vectors Africa Index ETF (AFK): 78 bps→84 bps
  • VanEck Vectors Egypt Index ETF (EGPT): 98 bps→94 bps
  • VanEck Vectors Israel ETF (ISRA): 60 bps→59 bps
  • VanEck Vectors Oil Refiners ETF (CRAK): 60 bps→59 bps
  • LHA Market State U.S. Tactical ETF (MSUS): 118 bps→125 bps