Major US equity indexes hit new highs as the phase one US-China trade deal was signed. Corporate bond markets were focused on earnings, but saw continued strong demand.
Trade optimism helped European equities to overall rise last week. Speculations arose of a potential bank of England rate cut at the end of the month. Poor GDP growth out of Germany marks a continued economic slowdown out of the country.
Strong economic data out of China mixed with trade optimism pushed Chinese markets even higher, and Japan saw mixed performance in a shortened trading week.
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One Week ETF Trends
US Equity ETFs Best & Worst Performers
Cannabis ETFs experienced continued highs last week. China ETFs CHIK, CHNA, and KURE also saw highs as phase one of the US-China trade deal was signed.
Energy and precious metal ETFs dipped sharply again last week.
US Fixed Income ETFs Best & Worst Performers
Long term corporate bond ETFs were a winning trend last week, while long term Treasury ETFs saw a slight dip.
US Equity ETFs Top Inflows & Outflows
The iShares ESG ETFs ESGU and ESGE saw major inflows last week as Blackrock made major announcements about increasing their ESG initiatives.
SPY and QQQ had massive outflows, followed by small-cap Russell ETFs IWM and IWD.
US Fixed Income ETFs Top Inflows & Outflows
Intermediate-term corporate bond ETF VCIT led fixed income ETF flows, followed by iShares Mortgage-backed securities ETF MBB.
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 U.S.A. ETF | ESGU | 385% |
| Franklin FTSE Japan ETF | FLJP | 382% |
| iShares ESG MSCI EM ETF | ESGE | 361% |
| iShares Edge MSCI U.S.A. Size Factor ETF | SIZE | 303% |
| iShares MSCI Emerging Markets Asia ETF | EEMA | 290% |
| VanEck Vectors Fallen Angel High Yield Bond ETF | ANGL | 277% |
| iShares Emerging Markets High Yield Bond ETF | EMHY | 254% |
| iShares Global Tech ETF | IXN | 253% |
| iShares 0-5 Year High Yield Corporate Bond ETF | SHYG | 246% |
| Vanguard Short-Term Corporate Bond ETF | VCSH | 240% |
Industry Changes
Launches
- MicroSectors Cannabis Index ETN MJJ, 70bps
- MicroSectors Cannabis 2x Leveraged ETN MJO, 95bps
- iShares U.S. Tech Breakthrough Multisector ETF TECB, 40bps
- iShares Factors US Value Style ETF STLV, 25bps
- iShares Factors U.S. Growth Style ETF STLG, 25bps
Filings
- First Trust TCW Securitized Plus ETF
- Goldman Sachs Energy Infrastructure Enhanced ETF
