ETF Weekly Update 6/7




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 saw an interesting winner – the Direxion MSCI Cyclicals Over Defensives ETF RWCD. This fund measures the performance of a portfolio that has 150% long exposure to the MSCI USA Cyclical Sectors Index and 50% short exposure to the MSCI USA Defensive Sectors Index.

The technology sector was amongst the winners last week as well, led by Invesco DWA Technology Momentum fund PTF.

India and China seemed to be last week’s biggest losers, followed by a mix of energy, precious metals, Pakistan, and UAE names.

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

Convertible securities led the fixed income charge last week, and there were a number of emerging markets ETFs which topped out as well.

Long term treasury ETFs were last weeks biggest losers.

US Listed ETFs – Equity – 1 Week Inflows & Outflows

SPY led inflows last week, while money flowed out of VTI.

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

Interesting mix of flows for short term treasury names, with large inflows into SHV and major outflows from SHY

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
Principal Investment Grade Corporate Active ETFIG400%
iShares ESG MSCI EM ETFESGE269%
iShares Short Treasury Bond ETFSHV257%
ETFMG Prime Mobile Payments ETFIPAY251%
iShares 1-3 Year Treasury Bond ETFSHY239%
Vanguard FTSE Pacific ETFVPL226%
iShares 0-5 Year TIPS Bond ETFSTIP214%
Invesco S&P 500 Equal Weight Consumer Staples ETFRHS208%
Materials Select Sector SPDR FundXLB205%
SPDR Portfolio Short Term Treasury ETFSPTS200%

New  Launches, Filings, Closings and Changes 

New Launches:

  • Innovation a United States ETF INAU, 81 bps
  • Innovation Alpha Global ETF INAG, 81 bps
  • Innovation Alpha Trade War ETF TWAR, 80 bps
  • Pacer Trendpilot Fund of Funds ETF TRND, 78 bps
  • iShares Edge MSCI Multifactor USA Mid-Cap ETF MIDF, 25 bps

New Filings

  • Global X filed for its own Marijuana ETF

Closings

  • ProShares is closing 3 ETFs that offer exposure to gold miner stocks and credit default swaps in August
    • ProShares UltraShort Gold Miners GDXS
    • ProShares Ultra Gold Miners GDXX
    • ProShares CDS Short North American HY Credit ETF WYDE

Expense Ratio Changes

  • Columbia EM Core ex-China ETF XCEM, 35-23 bps
  • Columbia Multi-Sector Municipal Income ETF MUST, 28-23 bps
  • KraneShares MSCI All China Health Care Index ETF KURE, 82-65 bps
  • Xtrackers Low Beta High Yield Bond ETF HYDW, 25-20 bps