ETFLogic Weekly Update 5/24



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.

One Week Trends

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

Last week brought high returns for the Indian subcontinent, with Pakistani, Indian, and Indonesian equities spiking as the Indian general election came to a close.

Similarly, Brazilian equities saw a spike last week as the country moves toward a number of key reforms led by Bolsonaro, which if executed properly could lead to rapid growth.

Real estate and Utilities also posted significant returns last week.

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

Long-term treasury ETFs topped last week’s fixed income returns, led by ZROZ and EDV.

The VelocityShare Long LIBOR ETN ULBR led losses last week, as the federal reserve and other government agencies has put forth guidelines to adopt other reference rates.

US Listed ETFs – Equity – 1 Week Inflows & Outflows

Top Equity Inflows last week were into the iShares Edge MSCI USA Quality Factor QUAL. Large inflows were seen into USMV as well, as continued market volatility had investors seeking low-vol options.

Top outflows were led by broad US index funds QQQ and IWM, followed by the health care, utilities, financial and consumer discretionary select sector funds.

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

Vanguard Total Bond Market BND led fixed income ETF flows for the third week in a row.

Long term treasury ETFs saw major inflows in addition to posting some of the best returns last week.

Short term corporate bonds had money pouring out of them last week, and the largest outflow was from iShares iBoxx $ Investment Grade Corporate Bond LQD.

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
Xtrackers MSCI U.S.A. ESG Leaders Equity ETFUSSG300%
Xtrackers International Real Estate ETFHAUZ297%
VanEck Vectors Rare Earth/Strategic Metals ETFREMX273%
JPMorgan BetaBuilders MSCI U.S. REIT ETFBBRE219%
Invesco S&P 500 High Beta ETFSPHD216%
iShares Commodities Select Strategy ETFCOMT189%
Invesco CurrencyShares British Pound Sterling TrustFXB162%
iShares International Developed Real Estate ETFIFGL155%
iShares U.S. Utilities ETFIDU146%
Xtrackers MSCI Europe Hedged Equity ETFDBEU110%

New  Launches, Filings, Closings and Changes 

New Launches:

  • QRAFT AI-Enhanced U.S. Large Cap Momentum ETF AMOM,75       
  • QRAFT AI-Enhanced U.S. Large Cap ETF QRFT, 75 bps
  • WisdomTree Modern Tech Platforms Fund PLAT, 45 bps
  • AGFiQ Global Infrastructure ETF GLIF, 45 bps 
  • AGFiQ Dynamic Hedged U.S. Equity ETF USHG, 55 bps 

New Filings

  • Columbia Threadneedlefiled for two smart beta ETFs
    • Columbia Research Enhanced Core ETF RECS
    • Columbia Research Enhanced Value ETF REVS
  • First Trust filed the First Trust Multi-Manager Small Cap ETF

Closings

  • Columbia Threadneedle plans to shut down four ETFs on June 14
    • Columbia Beyond BRICs ETF BBRC
    • Columbia EM Quality Dividend ETF HILO
    • Columbia India Infrastructure ETF INXX
    • Columbia India Small Cap ETF SCIN
  • QuantX officially exited the ETF market with the close of their three funds last week
    • QuantX Risk Managed Growth ETF QXGG
    • QuantX Risk Managed Multi-Asset Total Return ETF QXTR
    • QuantX Dynamic Beta US Equity ETF XUSA

Expense Ratio Changes

  • First Trust Dow Jones Internet Index Fund FDN 53→52 bps
  • First Trust NYSE Arca Biotechnology Index Fund FBT 56→57 bps
  • First Trust NASDAQ-100 Technology Sector Index Fund QTEC 58→57 bps
  • First Trust S&P REIT Index Fund FRI 48→50 bps
  • AdvisorShares Newfleet Multi-Sector Income ETF MINC 75→69 bps