Weekly Update 7/5

Last week, California was rocked by two major earthquakes, Ross Perot died, and the US womens soccer team took home gold at the Women’s World Cup.

Even though we had a short trading week, there were still major moves in the ETF markets last week…

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One Week Trends

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

Brazilian equities saw top performance last week as a major pension reform bill moved forward in Brazilian Congress. Colombian equities also had large gains for the week.

APAC saw the biggest losses last week, with the brunt of ETFs being heavily China-weighted.

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

The VelocitySharesLong LIBOR ETN ULBR took the #1 spot in fixed income for the second week in a row, followed by international IPFFand emerging markets currency FEMB ETFs.

US Treasury ETFs saw worst returns last week with DTUL dropping more than 1.5% by end of day Friday.

US Listed ETFs – Equity – Top Inflows & Outflows

S&P 500 SPYand Russell 2000 IWM took top spots in equity inflows last week.

Invesco QQQ Trust QQQsaw the largest outflows for the week, losing over $773m.

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

$1B flowed into HYGfor the week, as high-yield corporate bonds continued to rally.

US Treasury ETFs saw major outflows last week, along with short-term bond ETFs.

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
Invesco Investment Grade Defensive ETFIIGD397%
Invesco RAFI Strategic US ETFIUS395%
Invesco RAFI Strategic Developed ex-US ETFISDX385%
First Trust Materials AlphaDEX FundFXZ359%
Invesco 1-30 Laddered Treasury ETFPLW341%
Invesco Fundamental Investment Grade Corporate Bond ETFPFIG340%
Invesco FTSE RAFI Developed Markets ex-U.S. ETFPXF310%
VanEck Vectors Pharmaceutical ETFPPH258%
iShares U.S. Consumer Services ETFIYC236%
WisdomTree Japan SmallCap Dividend FundDFJ224%

New Launches, Filings, Closings and Changes 

New Launches:

  • Innovation Shares launched the third marijuana ETF to enter the US market, The Cannabis ETF THCX
  • InnovatorShares launched 2 new products
    • Innovator MSCI Emerging Markets Power Buffer ETF EJUL, 89bps
    • Innovator MSCI EAFE Power Buffer ETF IJUL, 85bp

New Filings:

  • Innovator PTAM Core Bond ETF
  • Innovator PTAM MBS ETF

Expense Ratio Changes:

  • VictoryShares USAA MSCI USA Small Cap Value Momentum ETF USVM 25→24bps
  • JPMorgan Global Bond Opportunities ETF JPGB 55→50bps