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ETF Fund Flows: IWM Pulls In $1.07 Billion
February 06, 2012
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Investors poured $1.07 billion into the iShares Russell 2000 Index Fund (NYSEArca: IWM), making it the No. 1 fund on IndexUniverse’s “Top 10 Creations” list. Total ETF assets under management climbed to a record as stocks rose amid the highest trading volume in over a month following strong data on the U.S. job market. Net flows were $1.22 billion, and total assets under management rose to a new record of $1.175 trillion, eclipsing the previous record of $1.164 trillion set on Thursday, Feb. 2. The Dow Jones industrial average rose 156.82, or 1.23 percent, to close at 12,826.23, on news from the Department of Labor that the U.S. economy added 243,000 jobs in January and the unemployment rate fell to 8.3 percent from 8.5 percent. The S&P 500 rose 19.36 points, or 1.46 percent, to close at 1,344.90. The No. 2 fund on IndexUniverse’s creations list was the PowerShares S&P 500 Low Volatility Portfolio (NYSEArca: SPLV), which had inflows of $369.1 million. The No. 3 fund on the list was the iShares MSCI Germany Index Fund (NYSEArca: EWG), which had inflows of $167.3 million. With all the interest in stocks, U.S. fixed-income ETFs had inflows of $265.5 million. Redemptions The Vanguard Total Stock Market ETF (NYSEArca: VTI) had outflows of $889.5 million, making it the No. 1 fund on IndexUniverse’s “Top 10 Redemptions” list. The Pimco Enhanced Short Maturity Strategy ETF (NYSEArca: MINT) was No. 2 on the redemptions list, with $289.0 million. The No. 3 fund on the list was the SPDR S&P 500 ETF (NYSEArca: SPY), which had outflows of $161.5 million. Top 10 Creations (All ETFs)
Bottom 10 1-Day Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
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. |
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