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Eric Balchunas Profile picture
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18 May, 5 tweets, 2 min read
Ironically, the $MAGA ETF is crushing since Biden won, up 45%, double SPX and Dow, easily beating RSP, SUSA. It just holds all the right the stuff rn (industrials, energy, financials, value & no tech/comm) thx to strategy of screening for cos that donate the most to GOP..
Here's the relative sector differences with the S&P 500, which was poison under Trump but gold under Biden. What a world.
Meanwhile, clean energy has lagged since Biden won despite the perfect narrative..
We tried to warn people in October to lay of "how to play" POTUS/Blue Wave ideas. Not only does it rarely work, it's almost better idea to do polar opposite of what makes sense narratively, check out Obama vs Trump:
Coincidentally, WSJ has story on conservatives looking to push "un-woke" funds eg $ACFV (altho $MAGA is doubling that ETF's perf too) Yet still no flows. IMO, you take same holdings but call it "anti-ESG" or "ESG rejects" and it would prob sell better wsj.com/articles/trump…

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More from @EricBalchunas

Eric Balchunas Profile picture
9 Mar
There's outright feeding frenzy going on for value ETFs rn, which have taken in about $5b in past week (that's a good month) and $20b YTD (nearly an ann record 10wks in). All in all 80 value ETFs have taken in cash. Here's a look at where the money is going $EFV $VTV $VLUE $IWN
Interesting (and yet kinda predictable) most of the cash is going to the watered down value ETFs even tho the pure stuff is popping WAY MORE. Here's a look at the Top 4 Value ETFs in our "intensity rank" vs $IWD & $VTV which rank near bottom.
Gotta say our BI factor intensity rank f-ing nailed it. The YTD returns (prev tweet) exactly match the ranking (which was done ahead of time using combo of volatility, # of holdings and loading). Nice work @tpsarofagis
Read 4 tweets
Eric Balchunas Profile picture
30 Jan
$SLV took in almost a BILLION dollars Friday, nearly double the old record for this 15-yr old ETF, after being targeted by WSB as way to go after the banks..
Here's the rationale:
And here's the song "Silver" by The Pixies, a haunting tune from Doolittle, my 2nd fav album of all time.
Read 4 tweets
Eric Balchunas Profile picture
28 Dec 20
There were a record 299 ETFs launched this year in the US (1,042 globally) up from 219 last year. Here's a look at the Top 20 by assets, an interesting list w/ only two from Big Three issuers. Also, this is JPM's 3rd straight year on top. Image
Also notable this year was the lack $100m+ ETFs in the group. Only about 36. Last two years there were over 60 (despite less launches).
Also gotta give Global X credit for owning the theme space despite so many new competitors - some big guys too - as $EDOC was biggest theme launch on heels of $CLOU last year. They do this w out really budging on fees either.
Read 5 tweets
Eric Balchunas Profile picture
23 Dec 20
Most of the ARK ETFs saw record flows last night. All told the ARK Fam took in about $1b based on Monday's $2b in volume, which means 50% of its volume was creates, wow. So lookout for another $1b+ in flows tonight based off Tue's $2.3b in volume (ARK reports shares T+1).
The 50% volume to flow ratio is even higher than I predicted but I will still take some credit for getting VERY close to nailing the flow amount.
$ARKK and $ARKG are 5th and 6th in overall in creations in past week with about $1b each. Big boy flows.
Read 5 tweets
Eric Balchunas Profile picture
22 Dec 20
ARK now 4th overall in 2020 flows (after Big Three) w/ decent shot to pass State Street by EOY given the building intensity of the inflows eg ARK ETFs took in more yesterday than all of 2019 as the mega volume is converting into mega flows. (note: there are over 100 ETF issuers)
Also don't be surprised if ARK sneaks past JPM and WisdomTree in total assets by EOY to nestle into the 9th spot overall (up from 28th spot to start year, an unprecedented jump). Here's the monthly assets, the firm has doubled aum in 10 weeks prob hit $40b by EOY.
Another look at ARK's asset growth shows a nearly 90 degree angle in 2020. I threw in Pimco (who is no slouch) for context.
Read 4 tweets
Eric Balchunas Profile picture
18 Dec 20
NEXT LEVEL: $TSLA just obliterated the all-time volume record for an equity w/ $148b worth of shares traded today, beating $SPY's $118b high water mark set during March chaos. For perspective, $MSFT trades about $5b/day.
Another mind-melter: $TSLA traded more today than the next 25 most active stocks COMBINED. There's no way that's not a record.
One more: $TSLA's volume today was the equiv of Hungary's annual GDP.
Read 4 tweets

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