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ETF Fund Flows: SPY Loses $1.54 Billion
By Dave Nadig and Olivier Ludwig | February 01, 2012

Related ETFs: XLE / TIP / EFA / EEM / IWM / SPY

Investors pulled $1.54 billion out of the SPDR S&P 500 ETF (NYSEArca: SPY), making it the No. 1 ETF on IndexUniverse’s “Top 10 Redemptions” list. Stocks were down on negative news about consumer confidence and continuing declines in U.S. home prices.

Net outflows were $1.90 billion, though total assets under management actually rose to $1.150 trillion from $1.149 trillion on Monday, Jan. 31, according to data compiled by IndexUniverse.

The Dow Jones industrial average fell 20.81 points, or 0.16 percent, and closed at 12,632.91. A drop in the Case-Shiller home price index, and weak earnings reports helped push stocks lower. The S&P 500 dropped 0.60 points, or 0.05 percent, to close at 1,312.41.

The No. 2 fund on IndexUniverse’s “Top 10 Redemptions” list was the iShares MSCI EAFE Index Fund (NYSEArca: EFA), which had outflows of $437.4 million. The No. 3 fund on the list was the Energy Select Sector SPDR Fund (NYSEArca: XLE), which had outflows of $307.5 million.

Creations

Investors meanwhile added $284.0 million into the iShares MSCI Emerging Markets Fund (NYSEArca: EEM), making it the No. 1 ETF on IndexUniverse’s “Top 10 Creations” list.

The No. 2 fund on the inflows list was the iShares Russell 2000 Index Fund (NYSEArca: IWM), which had inflows of $126.6 million. The No. 3 fund on the list was the iShares Barclays TIPS Bond Fund (NYSEArca: TIP), which had inflows of $95.3 million.

Bond ETFs had modest inflows yesterday, with U.S.-focused fixed-income ETFs pulling in $121.2 million.

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
EEM iShares MSCI Emerging Markets 283.97 37,427.58 1%
IWM iShares Russell 2000 126.61 15,541.13 1%
TIP iShares Barclays TIPS Bond 95.29 23,119.25 0%
IEF iShares Barclays 7-10 Year Treasury Bond 85.10 5,138.15 2%
XLV Health Care Select SPDR 75.12 4,035.57 2%
DIA SPDR Dow Jones Industrial Average Trust 69.32 12,161.60 1%
LQD iShares iBoxx $ Investment Grade Corporate Bond 57.81 18,543.84 0%
AAXJ iShares MSCI All Country Asia ex-Japan 55.19 2,317.98 2%
TVIX VelocityShares Daily 2X VIX Short Term ETN 54.18 413.21 15%
MCHI iShares MSCI China 52.96 238.30 29%


Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 -1,535.86 99,007.77 -2%
EFA iShares MSCI EAFE -437.39 38,490.14 -1%
XLE Energy Select SPDR -307.50 7,547.57 -4%
XLF Financial Select SPDR -153.15 6,524.82 -2%
XLB Materials Select SPDR -126.31 1,941.83 -6%
SHY iShares Barclays 1-3 Year Treasury Bond -109.94 11,087.13 -1%
EWJ iShares MSCI Japan -91.58 4,939.81 -2%
IVV iShares S&P 500 -79.04 28,078.25 -0%
USO United States Oil -64.33 1,244.94 -5%
IEI iShares Barclays 3-7 Year Treasury Bond -61.40 2,492.64 -2%


ETF Daily Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -1,992.94 513,727.30 -0.39%
International Equity -22.29 278,169.42 -0.01%
U.S. Fixed Income 121.19 186,832.60 0.06%
International Fixed Income 13.40 13,266.18 0.10%
Commodities -26.93 116,306.37 -0.02%
Currency -34.36 4,118.18 -0.83%
Leveraged 64.44 13,165.13 0.49%
Inverse -10.17 20,687.53 -0.05%
Asset Allocation -33.61 1,025.26 -3.28%
Alternatives 19.87 3,042.36 0.65%
Total: -1,901.40 1,150,340.32 -0.17%


Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)		 1-Day Volume % of Average
IAI iShares Dow Jones U.S. Broker-Dealers 41,232 711,231 1725%
FXO First Trust Financials AlphaDEX 140,909 1,915,068 1359%
IWL iShares Russell Top 200 65,118 841,739 1293%
EWO iShares MSCI Austria Investable Market 104,367 1,108,698 1062%
BSJC Guggenheim BulletShares 2012 High Yield Corporate Bond 35,735 343,656 962%
ISI iShares S&P 1500 41,514 369,850 891%
EWQ iShares MSCI France 315,791 2,335,757 740%
CFT iShares Barclays Credit Bond 168,119 962,871 573%
VAW Vanguard Materials 71,062 386,676 544%
AGOL ETFS Physical Asian Gold 206 1,075 521%


Top 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 10.22% 14,355 0.92
EGPT Market Vectors Egypt 3.90% 32,641 46.35
INR Market Vectors Indian Rupee/USD ETN 3.75% 1,225 4.62
WEAT Teucrium Wheat 3.17% 6,960 2.23
EMMT iShares MSCI-Emerging Markets Materials 3.06% 1,350 8.88
SCIF Market Vectors India Small-Cap 2.72% 31,999 41.72
INXX EGShares India Infrastructure 2.70% 5,736 58.89
TDV db-X 2040 Target Date 2.50% 3,514 28.80
SCIN EGShares Indxx India Small Cap 2.36% 7,806 23.56
GLJ iShares 10+ Year Government/Credit Bond 2.35% 3,135 24.60

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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
GAZ iPath Dow Jones-UBS Natural Gas Total Return ETN -7.12% 402,252 44.58
UNG United States Natural Gas -7.00% 32,015,505 848.00
UNL United States 12 Month Natural Gas -4.49% 56,834 18.63
NAGS Teucrium Natural Gas Fund -3.45% 5,330 1.21
JJE iPath Dow Jones-UBS Energy Total Return ETN -3.26% 5,025 17.37
JJN iPath Dow Jones-UBS Nickel Total Return ETN -2.51% 2,066 13.54
GEX Market Vectors Global Alternative Energy -2.31% 29,937 63.61
TAN Guggenheim Solar -2.26% 591,437 80.45
PTM ETRACS CMCI Long Platinum Total Return ETN -2.23% 84,200 41.12
ITB iShares Dow Jones U.S. Home Construction -1.95% 2,052,561 478.28

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.