Weekly Update 8/2

Last week the Federal Reserve cut interest rates, Trump escalated trade tensions with China, and America saw one of its worst weeks of gun violence to date.

With everything going on, here are all the major moves seen in the ETF marketplace.

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One Week ETF Trends

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

The Invesco Solar ETF TANmade a 5.7% jump last week and was the top-performing equity ETF. Other clean energy ETFs CNRGand ACESmade the list as well.

Real estate and cannabis were the other two winning categories last week.

The Global X Copper Miners ETF COPX saw the biggest loss,and was followed by a number of other metal-related ETFs. Semiconductor ETFs SOXXand SMH also took a major hit.

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

After last week’s rate cut the Fed signaled more cuts would be unlikely, which led to a boost to long term treasury ETFs.

The VelocityShares Long LIBOR ETN ULBRwas the worst performing fixed income ETF, followed by a number of convertible securities ETFs.

Emerging markets fixed income ETFs also saw poorperformance last week.

US Listed ETFs – Equity – Top Inflows & Outflows

QQQled inflows last week, and consumer staples and tech sector funds also saw significant inflows.

Emerging markets ETF EEM saw last week’s largest outflows. Semiconductor ETFs SOXX and SMH also made top outflows list in addition to worst returns.

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

Long term treasury ETF TLT saw the largest inflow last week, while high yield corporate bond ETF HYGsaw nearly $560M in 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 NameTicker%Diff
iShares Government/Credit Bond ETFGBF373%
iShares Broad USD High Yield Corporate Bond ETFUSHY 330%
iShares Edge MSCI U.S.A. Size Factor ETFSIZE 309%
SPDR Blackstone / GSO Senior Loan ETFSRLN 278%
iShares 10-20 Year Treasury Bond ETFTLH271%
iShares ESG MSCI EM ETFESGE 261%
Vanguard Extended Market ETFVXF 251%
Principal U.S. Mega-Cap Multi-Factor Index ETFUSMC 251%
PGIM Ultra Short Bond ETFPULS250%
WisdomTree Japan SmallCap Dividend FundDFJ 242%


New Launches, Filings, Closings andChanges 


New Launches:

  •  IQ Ultra Short Duration ETF ULTR, 24bps
  • Innovator S&P 500 Ultra Buffer ETF – August UAUG, 79bps
  • Innovator S&P 500 Power Buffer ETF – August PAUG, 79bps
  • Innovator S&P 500 Buffer ETF – August BAUG, 79bps

New Filings:

  • Franklin Liberty Systematic Style Premia ETF
  • North Shore Global Uranium Mining ETF
  • Pacific Global Focused High Yield ETF
  • Pacific Global Senior Loan ETF
  • Day Hagan/Ned Davis Research Smart Sector ETF

Closings:

  • ProShares UltraShort Gold Miners GDXS
  • ProShares Ultra Gold Miners GDXX
  • ProShares CDS Short North American HY Credit ETF WYDE

Expense Ratio Changes:

  • KraneShares CSI China Internet ETF KWEB, 76→70bps
  • KraneShares Emerging Markets Consumer Technology Index ETF KEMQ, 80→79bps
  • AlphaClone Alternative Alpha ETF ALFA, 69→65bps
  • iShares Russell Mid-Cap Growth ETF IWP, 25→24bps
  • iShares U.S. Aerospace & Defense ETF ITA, 43→42bps
  • iShares Global Infrastructure ETF IGF, 47→46bps
  • iShares Expanded Tech-Software Sector ETF IGV, 47→46bps
  • iShares Expanded Tech Sector ETF IGM, 47→46bps
  • Franklin LibertyQ U.S. Equity ETF FLQL, 25→15bps
  • iShares U.S. Telecommunications ETF IYZ, 43→42bps
  • Franklin LibertyQ Emerging Markets ETF FLQE, 55→45bps
  • iShares U.S. Pharmaceuticals ETF IHE, 43→42bps
  • iShares Global Financials ETF IXG, 47→46bps
  • iShares U.S. Broker-Dealers & Securities Exchanges ETF IAI, 43→42bps
  • iShares U.S. Oil & Gas Exploration & Production ETF IEO, 43→42bps
  • iShares Global Timber & Forestry ETF WOOD, 47→46bps
  • iShares Global Consumer Discretionary ETF RXI, 47→46bps
  • iShares Global Utilities ETF JXI, 47→46bps
  • iShares North American Tech-Multimedia Networking ETF IGN, 47→46bps
  • Columbia India Consumer ETF INCO, 76→75bps
  • KraneShares MSCI One Belt One Road Index ETF OBOR, 80→79bps
  • KraneShares E Fund China Commercial Paper ETF KCNY, 62→59bps
  • Franklin Liberty International Aggregate Bond ETF FLIA, 35→25bps
  • KraneShares CICC China Leaders 100 Index ETF KFYP, 71→70bps
  • KraneShares MSCI China Environment Index ETF KGRN, 79→80bps