ETF Weekly – Feb 25, 2018

/ Igor Tsukerman

Performance

The PowerShares Golden Dragon China Portfolio ETF (PGJ) outperformed all other non-leveraged ETF for the week ending February 23, 2018, finishing up about 2.5%. The next best performer during this rebound week was the Shares U.S. Oil Equipment & Services ETF (IEZ), with a 2.3% gain.

And underperforming other ETFs is the Junior Gold Miners ETF(GDXJ), trading down -5.1% this week. The Gold Miners ETF (GDX) also fell about -5.1% this week.

Source: ETF Channel

Launches

Closures

  • WisdomTree announces it will close one in 10 of its ETFs.

Filings

Fund Flows

  • This week, even as the U.S. stock market stabilized, investors remained cautious. While inflows to US-listed ETFs this week totaled $4.9B, US Equity funds were in the red again, with -$2.4B outflows. US Fixed Income reversed to see inflows of $2.0B, while international equities gained another $4.5B of inflows.
  • The largest ETF in the world, SPDR S&P 500 ETF Trust (SPY) lost -$1.3B.
  • Notable inflows include iShares Core MSCI Emerging Markets ETF (IEMG), with inflows of $1.3B. It was followed by Vanguard S&P 500 ETF (VOO), with $504M of inflows, SPDR Bloomberg Barclays High Yield Bond ETF (JNK), reversing to $488M of inflows, Vanguard FTSE Developed Markets ETF (VEA), with $475M, and iShares Core MSCI EAFE ETF (IEFA), with $347M.
  • The SPDR Dow Jones Industrial Average ETF Trust (DIA) led all other ETFs in outflows this week, -$938M, followed by the iShares Russell 2000 ETF(IWM), with -$743M.  SPDR sector ETFs were next on the redemption charts: Energy Select Sector SPDR Fund (XLE), with -$528M, Health Care Select Sector SPDR Fund (XLV), down -$419M, and Industrial Select Sector SPDR Fund (XLI), down -$338M.

Source: ETF.com