The last week of the decade was a short one trading wise, as markets were closed for the second half of Tuesday and into Wednesday for the Christmas holiday.

US equity markets were in high spirits as U.S-China trade optimism continued, and major gains from Amazon helped to push the NASDAQ above 9000 for the first time ever.

European equities also creeped to new highs for the week despite light trading.

In Asia, Japanese equities remained overall unchanged and Chinese markets posted the fourth week of straight gains, driven again by optimism around the U.S-China trade deal.

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One Week ETF Trends

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

The KraneShares CICC China Leaders 100 Index ETF KFYP led equity ETF returns last week, followed by a majority of precious metals ETFs.

UTRN saw the worst performance in the Equity ETF category, followed by a mix of health care/biotech ETFs and oil & natural gas related ETFs.

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

Fixed Income ETFs overall saw little change for the week, except for Principal Inv. Grade Corporate Active ETF IG, which saw an almost 3% jump.

US Listed ETFs – Equity – 1 Week Top Inflows & Outflows

SPY saw the largest equity inflows for last week, followed by the Vanguard FTSE Developed Markets ETF VEA.

QQQ saw $1.5B in outflows followed by the Financial Select Select Sector SPDR XLF.

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

Bond index funds AGG and BNDX led fixed income inflows for the week, followed by emerging markets bond ETF EMB.

Corporate bond ETFs HYG and VCIT saw the largest outflows in the fixed income category last week.

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.
WisdomTree Emerging Markets ex-State-Owned Enterprises FundXSOE280%
iShares Core MSCI International Developed Markets ETFIDEV275%
Aware Ultra-Short Duration Enhanced Income ETFAWTM250%
Global X FinTech ETFFINX244%
SPDR Portfolio Developed World ex-US ETFSPDW207%
WisdomTree U.S. LargeCap Dividend FundDLN195%
iShares iBonds Dec 2023 Term Corporate ETFIBDO187%
Invesco BulletShares 2021 Corporate Bond ETFBSCL186%
Vanguard Short-Term Inflation-Protected Securities ETFVTIP183%
ETFMG Prime Mobile Payments ETFIPAY174%

Industry Changes

Launches

  • iM DBi Hedge Strategy ETF DBEH, 85bps
  • Franklin Liberty Systematic Style Premia ETF FLSP, 65bps
  • Nationwide Risk-Managed Income ETF NUSI, 68bps
  • Anfield U.S. Equity Sector Rotation ETF AESR, 142bps
  • SP Funds S&P 500 Sharia Industry Exclusions ETF SPUS, 49bps

Closings

Filings

Expense Ratio Changes

  • Virtus Newfleet Multi-Sector Bond ETF NFLT, 81→49bps
  • Invesco Shipping ETF SEA, 66→65bps
  • Invesco Defensive Equity ETF DEF, 59→55bps
  • Invesco Solar ETF TAN, 70→71bps
  • WisdomTree Continuous Commodity Index Fund GCC, 86→75bps

Other Changes

Scott McKenna

Scott McKenna

Sales & Marketing Associate