ETF Weekly Update 6/28

Last week International leaders were gearing up for the G-20 Summit, the Russell Rebalance went into effect on Friday, and Brooklyn basketball just got very exciting with the Nets picking up of Kevin Durant, Kyrie Irving and DeAndre Jordan.

In ETF land, Global Fixed Income ETFs & Vanguard ETFs both passed $1Trillion in AUM. ETF YTD inflows are now at $133B – surpassing inflows from 1H 2018. Here’s what else was movin’ and shakin’…

One Week Trends


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

Tech was a winning sector last week, interestingly, led by the 3D Printing ETF PRNT. While most of the talk around 3D printing was surrounding the $260m private funding secured by Carbon Industries, interest has seemingly flowed over into the 3D printing sector overall.

Ark’s suite of tech innovation ETFs and a number of semiconductor names also saw a jump last week. 

It was an interesting mix of worst performing names  including Pakistan, organics, Nigeria, infrastructure, the Nordic Region, Germany and Vietnam. US Listed ETFs – Fixed Income – 1 Week Best & Worst Returns

VelocityShares Long LIBOR ETN ULBR led fixed income returns, followed by a number of convertible securities names.

Long term corporate bonds were also trending up last week, while shorter-term corporate bond ETF, Invesco LadderRite 0-5 Year Corporate Bond LDRI posted the worst returns for the week. 
 US Listed ETFs – Equity – Top Inflows & Outflows

S&P 500 core equity ETFs, SPY and VOO, led equity inflows last week while $6.7B flowed out of iShares IVV.  International ETFs VXUS and VEU  were also in the top inflows as investors were eagerly awaiting a positive outcome from trade talks at the G-20 meeting this weekend.

With the Russell re-balance finalized on Friday, we saw large inflows into VONV and VONG and large outflows from IWM.US Listed ETFs – Fixed Income – 1 Week Inflows & Outflows

Vanguard Mortgage-Backed Securities VMBS led fixed income inflows as many institutional investors have been boosting their stakes in the fund. 

Mixed flows in US Treasury names for the week with IEF and GOVT making top inflows and IEITLT and VGSH making top outflows.

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
iShares ESG MSCI USA Leaders ETFSUSL398%
Innovator S&P 500 Buffer ETF – JulyBJUL358%
Vanguard ESG International Stock ETFVSGX291%
WisdomTree Emerging Markets SmallCap Dividend FundDGS284%
Vanguard ESG U.S. Stock ETFESGV249%
iShares U.S. Financial Services ETFIYG219%
Vanguard Mortgage-Backed Securities ETFVMBS219%
SPDR Portfolio Small Cap ETFSPSM214%
Strategy Shares U.S. Market Rotation Strategy ETFHUSE207%
Schwab U.S. TIPS ETFSCHP202%



New Launches, Filings, Closings and Changes 

New Launches:

  • Defiance Next Gen Video Gaming ETF VIDG 30bps
  • SPDR S&P Kensho Future Security ETF FITE 46bps
  • SPDR Kensho S&P Intelligent Structures ETF SIMS 46bps
  • SPDR Kensho S&P Smart Mobility ETF HAIL 46bps
  • SPDR S&P Kensho Clean Power ETF CNRG 45bps
  • SPDR Kensho S&P Final Frontiers ETF ROKT 45bps
  • ROBO Global Healthcare Technology and Innovation ETF HTEC 68bps
  • Xtrackers S&P 500 ESG ETF SNPE 11bps
  • Innovator MSCI EMerging Market Power Buffer ETF – July EJUL89bps
  • Innovator MSCI EAFE Power Buffer ETF – July IJUL 85bps  
  • Xtrackers S&P 500 ESG ETF SNPE 11bps


New Filings:

  • American Century filed for 5 new ETFs 
    • Avantis Emerging Markets Equity ETF
    • Avantis International Equity ETF
    • Avantis International Small Cap Value ETF
    • Avantis U.S. Equity ETF
    • Avantis U.S. Small Cap Value ETF
  • Alpha Architect filed for 2 new ETFs
    • Meryln.AI Bull-Rider Bear-Fighter ETF
    • Merlyn.AI Tactical Growth and Income ETF
  • Global X filed for 2 new ETFs
    • Global X Video Games & E-sports ETF
    • Global X Thematic Growth ETF
  • Goldman Sachs filed for 4 new ETFs
    • Goldman Sachs International Equity ETF
    • Goldman Sachs Emerging Markets Equity ETF
    • Goldman Sachs International Small Cap Equity ETF
    • Goldman Sachs U.S Equity ETF
  • New comer, Overlay Shares filed for 5 ETFs
    • Overlay Shares Large Cap Equity ETF 
    • Overlay Shares Small Cap Equity ETF
    • Overlay Shares Foreign Equity ETF 
    • Overlay Shares Core Bond ETF
    • Overlay Shares Municipal Bond ETF
  •  iM DBi Long Short Hedge Strategy ETF

Closings:

  • ETF Managers Group announced last week it would be closing the Rogers AI Global Macro ETF BIKR on July 12
  • iShares closing 5 ETFs on August 20th 
    • iShares Edge MSCI Min Vol Asia ex Japan ETF AXJV
    • iShares Adaptive Currency Hedged MSCI Japan ETF DEWJ
    • iShares Adaptive Currency Hedged MSCI Eurozone ETF DEZU
    • iShares 10+ Year Investment Grade Corporate Bond ETF LLQD
    • iShares 5-10 Year Investment Grade Corporate Bond ETFMLQD

Expense Ratio Changes:

  • iShares Intermediate-Term Corporate Bond ETF IGIB 20→6bps
  • USAA Core Intermediate-Term Bond ETF UITB 40→38bps
  • VictoryShares USAA Core Short-Term Bond ETF USTB 35→34bps