ETF Weekly Update 5/10



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 ETFLogic Insights platform.

One Week Trends

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

Infrastructure was the clear winner last week, with top returns led by MLPB, YMLI, and AMUB. Another 4 MLP names posted top returns as well.

Other top returns were in residential real estate ETF REZ, Global X Exporers GOEX, and the Long Term Care ETF OLD.

Worst returns were led by SPDR S&P Oil & Gas Equipment & Services XES.

As the trade wars heated up last week, technology, consumer discretionary, and China exposed names were hit the hardest.

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

Long-term treasury ETFs dominated top returns for fixed income, led by Vanguard Extended Duration Treasury EDV.

VelocityShares Long LIBOR ETN ULBR dropped -2.6% last week, and convertible securities and high yield names seemed to be the general losing trend.

US Listed ETFs – Equity – 1 Week Inflows & Outflows

There was a mix of names for top inflows last week, but the overall trend was into global equities. The health care sector (measured by XLV) also had significant inflows last week.

Although not shown above, we wanted to note the significant inflows into GraniteShares Gold Trust, BAR, of $43mm last week.

SPDR S&P 500 Trust SPY had massive outflows at -$7.5B, and the Financial, Materials, and Energy sectors also topped outflows last week.

Small caps also saw outflows last week, as we can see from IWM and and IJR.

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

Overall, the bond market saw inflows last week, as we can see by the Vanguard Total Bond Market BND and iShares Core US Aggregate Bond AGG. Short and intermediate term bonds had money flowing in last week, as well as treasury bonds.

High yield and emerging markets exposed ETFs led fixed income outflows last 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
GraniteShares Gold TrustBAR210%
Franklin FTSE Japan ETFFLJP170%
ProShares Short QQQPSQ129%
First Trust Nasdaq-100 Equal Weighted Index FundQQEW125%
iShares Currency Hedged MSCI Japan ETFHEWJ115%
ProShares Short VIX Short-Term Futures ETFSVXY108%
Direxion Daily Technology Bear 3X SharesTECS104%
iShares MSCI All Country Asia ex Japan ETFAAXJ99%
VanEck Vectors Fallen Angel High Yield Bond ETFANGL98%
Direxion Daily S&P 500 Bear 3X SharesSPXS98%

New  Launches, Filings, Closings and Changes 

New Launches:

  • Amplify launched a crowdfunding ETF, Amplify CrowdBureau Peer-to-Peer Lending & Crowdfunding ETF, LEND, 65bps
  • iShares adds to its ESG suite, the iShares ESG MSCI USA Leaders ETF, SUSL, 15bps 
  • iShares adds Junk Bonds to its iBonds ETFs with five new funds, each at 35bps
    • iShares iBonds 2021 Term High Yield and Income ETF IBHA
    • iShares iBonds 2022 Term High Yield and Income ETF IBHB
    • iShares iBonds 2023 Term High Yield and Income ETF IBHC
    • iShares iBonds 2024 Term High Yield and Income ETF IBHD
    • iShares iBonds 2025 Term High Yield and Income ETF IBHE
  • SoFi launched two new funds last week
    • SoFi Gig Economy ETF GIGE, 59bps
    • SoFi 50 ETF SFYF, 29bps

New Filings

  • USCF filed for a Crypto ETF, the USCF Crescent Crypto Index Fund XBET
  • Aberdeen filed for three AI driven ETFs and three Multi-Factor ETFs
    • Aberdeen Standard AI Driven Emerging Markets Equity ETF
    • Aberdeen Standard AI Driven International Equity ETF
    • Aberdeen Standard AI Driven US Equity ETF
    • Aberdeen Standard Multi Factor Emerging Markets Equity ETF
    • Aberdeen Standard Multi Factor International Equity ETF
    • Aberdeen Standard Multi Factor US Equity ETF
  • Index IQ filed for the IQ Ultra Short Duration ETF SDAG

Expense Ratio Changes

  • iShares MSCI India ETF INDA, 68→64                         
  • iShares Interest Rate Hedged High Yield Bond ETF HYGH, 54→53 bps
  • YieldShares High Income ETF YYY, 202→228 bps
  • iShares Interest Rate Hedged Corporate Bond ETF LQDH, 24→25 bps
  • Direxion Daily MSCI Japan Bull 3X Shares JPNL, 136→129 bps
  • iShares Inflation Hedged Corporate Bond ETF LQDI, 20→19 bps
  • Global X Russell 2000 Covered Call ETF RYLD, 75→60 bps
  • SPDR Bloomberg Barclays Emerging Markets Local Bond ETF EBND, 40→30 bps