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ETF Fund Flows: SPY Bleeds $867.8 Million
By Dave Nadig and Olivier Ludwig | January 25, 2012

Related ETFs: XLP / XLF / EFA / QQQ / XLK

Net outflows were $408.2 million and total assets under management dropped to $1.133 trillion from $1.136 trillion on Monday, Jan. 23. The decline was due to both falling stocks and net outflows.

The Dow Jones industrial average lost 33.07 points, or 0.3 percent, to close at 12,675. Stocks were down on new lackluster corporate earnings and new difficulties getting creditors to take further haircuts on Greece’s debt. The S&P 500 Index dropped 1.4 points, or o.1 percent, to close at 1,315.

The No. 2 fund on the redemptions list was the Technology Select Sector SPDR Fund (NYSEArca: XLK), which had outflows of $574.8 million. The No. 3 fund on the list was the Consumer Staples Select Sector SPDR Fund (NYSEArca: XLP), which had outflows of $546.1 million.

Creations

Investors meanwhile poured $513.2 million into the PowerShares QQQ Trust (NasdaqGM: QQQ), making it the No. 1 fund on IndexUniverse’s “Top 10 Creations” list.

The No. 2 fund on the creations list was the iShares MSCI EAFE Index Fund (NYSEArca: EFA), which had inflows of $279.1 million. The No. 3 fund was the Financial Select Sector SPDR Fund (NYSEArca: XLF), which saw inflows of $231 million.

Although investment flows in equities were negative, U.S.-focused fixed-income ETFs had inflows of $394.0 million.

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
QQQ PowerShares QQQ 513.25 29,959.36 2%
EFA iShares MSCI EAFE 279.07 38,635.97 1%
XLF Financial Select SPDR 230.97 6,756.96 4%
VWO Vanguard MSCI Emerging Markets 183.92 48,271.76 0%
IWM iShares Russell 2000 117.99 15,948.32 1%
MDY SPDR S&P MidCap 400 110.35 9,838.17 1%
HYG iShares iBoxx $ High Yield Corporate Bond 106.96 12,424.72 1%
XOP SPDR S&P Oil & Gas Exploration & Production 102.08 962.89 12%
IEF iShares Barclays 7-10 Year Treasury Bond 93.80 4,825.39 2%
XRT SPDR S&P Retail 82.91 743.38 13%


Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 -867.77 101,039.75 -1%
XLK Technology Select SPDR -574.80 8,091.84 -7%
XLP Consumer Staples Select SPDR -546.13 4,959.30 -10%
XLU Utilities Select SPDR -484.30 6,679.25 -7%
TLT iShares Barclays 20+ Year Treasury Bond -116.03 3,156.02 -4%
VTI Vanguard Total Stock Market -114.16 20,648.01 -1%
XLE Energy Select SPDR -111.23 8,232.31 -1%
EWJ iShares MSCI Japan -95.88 5,092.92 -2%
IWD iShares Russell 1000 Value -69.73 11,787.78 -1%
GDX Market Vectors Gold Miners -67.41 8,301.19 -1%


ETF Daily Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -1,256.95 514,159.02 -0.24%
International Equity 348.66 271,120.76 0.13%
U.S. Fixed Income 393.77 182,653.51 0.22%
International Fixed Income 21.78 12,970.34 0.17%
Commodities -23.07 110,658.37 -0.02%
Currency -5.41 4,267.04 -0.13%
Leveraged -5.53 12,962.63 -0.04%
Inverse 59.58 21,020.11 0.28%
Asset Allocation - 997.47 0.00%
Alternatives 58.98 2,911.37 2.03%
Total: -408.18 1,133,720.61 -0.04%


Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)		 1-Day Volume % of Average
RPV Rydex S&P 500 Pure Value 31,854 243,839 765%
EQIN Russell Equity Income 4,823 34,495 715%
PNQI PowerShares NASDAQ Internet Portfolio 18,107 123,400 682%
RYT Rydex S&P Equal Weight Technology 9,536 64,384 675%
IHE iShares Dow Jones U.S. Pharmaceuticals 105,946 510,112 481%
EWO iShares MSCI Austria Investable Market 64,011 294,153 460%
FXB CurrencyShares British Pound Sterling 52,561 222,978 424%
FRN Guggenheim Frontier Markets 48,612 203,592 419%
SLYV SPDR S&P SmallCap 600 Value Index 8,452 35,284 417%
AGZ iShares Barclays Agency Bond 41,579 173,072 416%


Top 10 1-Day Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
EGPT Market Vectors Egypt 8.27% 132,193 40.73
NIB iPath Dow Jones-UBS Cocoa Total Return ETN 6.14% 45,415 20.08
BDG PowerShares DB Base Metals Long ETN 2.06% 2,500 1.56
DBB PowerShares DB Base Metals 1.98% 741,718 377.10
WSTE Global X Waste Management 1.89% 1,179 1.23
EPI WisdomTree India Earnings 1.84% 2,008,914 871.89
INDY iShares S&P India Nifty 50 1.72% 92,649 309.79
GRU ELEMENTS MLCX Grains - Total Return ETN 1.66% 54,908 17.53
ITB iShares Dow Jones U.S. Home Construction 1.66% 2,320,556 465.37
XHB SPDR S&P Homebuilders 1.61% 4,301,049 1,160.13

Bottom 10 1-Day Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
GREK Global X FTSE Greece 20 -5.00% 5,915 2.27
KWT Market Vectors Solar Energy -2.25% 38,288 12.77
GDX Market Vectors Gold Miners -2.24% 12,768,502 8,301.19
GLDX Global X Gold Explorers -2.16% 13,348 25.34
NORW Global X FTSE Norway -1.88% 19,486 45.68
PWND PowerShares Global Wind Energy Portfolio -1.80% 5,134 14.97
MES Market Vectors Gulf States -1.75% 1,700 12.69
EWO iShares MSCI Austria Investable Market -1.74% 294,153 53.38
GDXJ Market Vectors Junior Gold Miners -1.74% 1,787,998 2,237.68
PTM ETRACS CMCI Long Platinum Total Return ETN -1.69% 50,049 37.72

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.