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Investors pulled $2.71 billion out of the SPDR S&P 500 (NYSEArca: SPY) yesterday -- close to 2.6 percent of the fund’s total assets as of Monday morning -- as investors also moved into gold perhaps in anticipation of another round of quantitative easing ahead from the Federal Reserve
Overall, net outflows were about the same as SPY’s redemptions, and total U.S.-listed ETF assets held steady at about $1.169 trillion compared with the total on Friday, June 15, according to data compiled by IndexUniverse.
The Dow Jones industrial average closed slightly lower in a shifty market environment, losing 25.40 points, or 0.20 percent, to close at 12,741.82. But the Nasdaq and the S&P 500 Index rose, offsetting the effects of the Dow’s decline.
Markets overall remain in the grips of anxiety about what will come next in the eurozone after Greece’s elections on Sunday and after yields on Spanish debt reached a record on Monday. The Fed began a two-day meeting today, and some hope it will end with new monetary stimulus measures to help protect the world’s biggest economy from too much eurozone fallout.
Among other funds facing redemptions were the iShares Russell 2000 Index Fund (NYSEArca: IWM) and the PowerShares QQQ Trust (NasdaqGM: QQQ), which had outflows of $587.6 million and $219.3 million in assets, respectively.
Meanwhile, the CurrencyShares Japanese Yen ETF (NYSEArca: FXY) also made the “Top 10 Redemptions” list, giving up almost $43.6 million, or upwards of a quarter of its assets.
Top Creations
The Vanguard MSCI Emerging Markets ETF (NYSEArca: VWO) was the most popular fund yesterday, as investors poured in $503 million into the fund, which now has $50 billion in assets.
SPDR Gold Shares (NYSEArca: GLD) pulled in $219.5 million in new money yesterday, amid signs investors are transitioning away from Treasury bonds and heading toward the gold market as turmoil continues in the eurozone.
The technology sector climbed higher yesterday, with inflows of $111.4 million into the Technology Select Sector SPDR Fund (NYSEArca: XLK) one clear sign of it.
Top 10 Creations (All ETFs)
| VWO |
Vanguard MSCI Emerging Markets |
503.04 |
50,003.36 |
1.02% |
| GLD |
SPDR Gold |
219.49 |
66,553.11 |
0.33% |
| HYG |
iShares iBoxx $ High Yield Corporate Bond |
141.73 |
14,146.23 |
1.01% |
| XLK |
Technology Select SPDR |
111.42 |
9,242.68 |
1.22% |
| VOO |
Vanguard S&P 500 |
105.04 |
4,674.41 |
2.30% |
| XLF |
Financial Select SPDR |
91.98 |
6,074.76 |
1.54% |
| VTI |
Vanguard Total Stock Market |
68.96 |
20,956.94 |
0.33% |
| AGG |
iShares Barclays Aggregate Bond |
66.74 |
15,594.45 |
0.43% |
| XLB |
Materials Select SPDR |
53.77 |
2,097.70 |
2.63% |
| VXX |
iPath S&P 500 VIX Short-Term Futures ETN |
52.76 |
1,522.96 |
3.59% |
Top 10 Redemptions (All ETFs)
| SPY |
SPDR S&P 500 |
-2,707.56 |
103,583.15 |
-2.55% |
| IWM |
iShares Russell 2000 |
-587.56 |
13,962.19 |
-4.04% |
| IWR |
iShares Russell Midcap |
-495.43 |
5,684.35 |
-8.02% |
| QQQ |
PowerShares QQQ |
-219.28 |
31,834.03 |
-0.68% |
| SHY |
iShares Barclays 1-3 Year Treasury Bond |
-135.04 |
11,216.76 |
-1.19% |
| DLN |
WisdomTree LargeCap Dividend |
-104.10 |
1,150.31 |
-8.30% |
| XLI |
Industrial Select SPDR |
-96.42 |
3,221.31 |
-2.91% |
| IVV |
iShares S&P 500 |
-67.77 |
29,269.86 |
-0.23% |
| TBT |
ProShares UltraShort 20+ Year Treasury |
-52.27 |
3,116.42 |
-1.65% |
| FXY |
CurrencyShares Japanese Yen |
-43.59 |
137.01 |
-24.14% |
ETF Daily Flows By Asset Class
| U.S. Equity |
-3,473.15 |
534,254.09 |
-0.65% |
| International Equity |
554.96 |
260,983.98 |
0.21% |
| U.S. Fixed Income |
315.98 |
210,151.62 |
0.15% |
| International Fixed Income |
9.85 |
16,621.41 |
0.06% |
| Commodities |
204.40 |
106,749.56 |
0.19% |
| Currency |
-91.09 |
3,019.24 |
-3.02% |
| Leveraged |
-199.25 |
12,506.93 |
-1.59% |
| Inverse |
-122.09 |
19,044.91 |
-0.64% |
| Asset Allocation |
- |
1,880.49 |
0.00% |
| Alternatives |
86.06 |
3,934.39 |
2.19% |
| Total: |
-2,714.32 |
1,169,146.62 |
-0.23% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| FLOT |
iShares Floating Rate Note |
58,548 |
984,403 |
1,681.36% |
| XLG |
Guggenheim Russell Top 50 |
41,170 |
269,820 |
655.37% |
| VPU |
Vanguard Utilities |
76,797 |
495,012 |
644.57% |
| CGW |
Guggenheim S&P Global Water |
38,930 |
203,044 |
521.57% |
| IHE |
iShares Dow Jones U.S. Pharmaceuticals |
36,589 |
188,349 |
514.77% |
| KIE |
SPDR S&P Insurance |
106,045 |
478,970 |
451.66% |
| CNY |
Market Vectors Chinese Renminbi/USD ETN |
18,401 |
77,189 |
419.48% |
| ITF |
iShares S&P/TOPIX 150 |
4,293 |
17,696 |
412.18% |
| VIS |
Vanguard Industrials |
51,427 |
207,792 |
404.05% |
| IAK |
iShares Dow Jones U.S. Insurance |
20,513 |
81,606 |
397.83% |
Top 10 1-Day Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| GAZ |
iPath Dow Jones-UBS Natural Gas Total Return ETN |
6.94% |
284,449 |
35.98 |
| UNG |
United States Natural Gas |
6.64% |
17,856,952 |
988.26 |
| GLDX |
Global X Gold Explorers |
5.50% |
48,807 |
31.19 |
| FUE |
ELEMENTS MLCX Biofuels Total Return ETN |
4.55% |
3,800 |
2.16 |
| CORN |
Teucrium Corn |
4.45% |
83,192 |
49.21 |
| SSDD |
ETRACS ISE SSD ETN |
4.17% |
2,300 |
10.39 |
| EIPO |
ETRACS Next Generation Internet ETN |
3.92% |
25,200 |
6.36 |
| CTNN |
iPath Pure Beta Cotton ETN |
3.87% |
2,800 |
1.43 |
| SOCL |
Global X Social Media |
3.45% |
23,693 |
18.67 |
| JJG |
iPath Dow Jones UBS Grains Total Return ETN |
3.28% |
18,283 |
144.22 |
Bottom 10 1-Day Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| VIXY |
ProShares VIX Short-Term |
-8.50% |
1,535,852 |
133.99 |
| VIIX |
VelocityShares VIX Short Term ETN |
-8.50% |
1,892,669 |
55.60 |
| VXX |
iPath S&P 500 VIX Short-Term Futures ETN |
-8.22% |
65,097,144 |
1,522.96 |
| CVOL |
C-Tracks Exchange-Traded Notes on the Citi Volatility |
-7.86% |
80,350 |
8.81 |
| VXFF |
ETRACS 6-Month S&P 500 VIX Futures ETN |
-7.82% |
1,388 |
8.36 |
| VXBB |
ETRACS 2-Month S&P 500 VIX Futures ETN |
-5.43% |
1,200 |
5.62 |
| EWP |
iShares MSCI Spain |
-3.59% |
1,134,968 |
156.06 |
| SCIN |
EGShares India Small Cap |
-3.44% |
11,030 |
20.47 |
| VXZ |
iPath S&P 500 VIX Mid-Term Futures ETN |
-3.25% |
512,671 |
259.37 |
| PIN |
PowerShares India Portfolio |
-3.09% |
1,051,428 |
339.04 |
Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges. |
