Looking at this past
week’s ETF weekly flows, we saw mixed sentiment with outflows in the bond
markets. iShares TIPS Bond ETF (TIP) had redemptions of
approximately $780 million in assets and iShares iBoxx USD Investment Grade
Corporate Bond ETF (LQD)
dropped $725 million in assets as well. It’s worthwhile to note that outflows of
$670M, $600M and $565M in First Trust Health Care AlphaDEX Fund (FXH), Energy Select SPDR
Fund (XLE) and iShares
Russell 2000 (IWM) respectively.
Notable top asset gainers
included SPDR S&P 500 Trust (SPY), First Trust Utilities
AlphaDEX ETF (FXU) and
Dow Jones Industrial Average Trust ETF (DIA). These funds saw a
weekly inflow of $2.7 billion, $738 million and $475 million respectively. Both
iShares Care S&P Small Cap ETF (IJR) and Vanguard Total
Stock Market ETF (VTI)
claimed 4th and 5th for the week both bringing in
approximately $420 million in asset flows.
In the ETFG Quant Movers,
there were significant moves in a variety of names covering both sector and
geographic themes. Top percent gainers included iShares US Regional Banks ETF (IAT), Invesco
S&P SmallCap Health Care ETF (PSCH) and iShares
MSCI Argentina and Global Exposure ETF (AGT) with percent
changes of 18.52%, 17.86% and 15.94% to their overall respective ETFG Quant
score. Notable losers included Credit Suisse X-Links Gold Shares Covered Call
ETN (GLDI),
Franklin FTSE Australia ETF (FLAU) and Invesco BuyBack Achievers ETF (PKW) dropping
16.74%, 16.04% and 14.09% respectively.
ETFG Weekly Select List – Each
week we compile a list of the 5 most highly rated ETFs per Sector, Geographic
Region and Strategy as ranked by the ETFG Quant model.
Considering the strategy’s
success in times of volatility, we’d like to highlight some substantial
movement in the High Dividend Yield portion when comparing this week’s Select
List to last. Fidelity High Dividend ETF (FDVV) moved up one spot to
take the first overall position on the list knocking the Legg Mason Low
Volatility High Dividend ETF (LVHD) down to 2nd. Vanguard
International High Dividend Yield ETF (VYMI) also moved up from
the 5th position to claim bronze (3rd) in this week’s
list. Other notable funds in the High Dividend Yield category were FlexShares
International Quality Dividend Dynamic Index Fund (IQDY) in 4th and
SPDR Portfolio S&P 500 High Dividend ETF (SPYD) in 5th.
Lastly, a big thank you to
all the speakers and attendees ho helped make the Spring 2019 ETP Forum such a
big success! Mark your calendars – The Fall 2019 ETP Forum will be held on
Thursday, November 21, 2019 at the New York Athletic Club.
ETFG
21 Day Free Trial: https://www.etfg.com/signup/quick
_______________________________________________________
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