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ETF Fund Flows: SPY Bleeds $759.4 Million
By Alex Ulam | February 13, 2012

Related ETFs: XLF / MBB / IJH / JNK / SPY / VCIT

Investors pulled $759.4 million out of the SPDR S&P 500 ETF (NYSEArca: SPY) on Friday, putting it at the top of IndexUniverse’s “Top 10 Redemptions” list. Total ETF assets dipped about 1 percent as stocks fell on renewed concern about Greece, and net flows were negative.

Total assets under management declined after days of setting records as the Dow Jones industrial average suffered its worst day of 2012 due in large part to fears about a potential Greek default. The Dow fell 89.23 points, or 0.69 percent, to close at 12,801.23.

Net outflows meanwhile totaled $771.99 million, helping pull total U.S.-listed ETF assets under management to $1.172 trillion from a record $1.184 trillion on Thursday, Feb. 9.

The iShares S&P 400 MidCap Fund (NYSEArca: IJH), suffered $211.9 million in outflows, making it No. 2 on the redemptions list. The No. 3 fund on the list was the Financial Select SPDR Fund (NYSEArca: XLF), which had outflows of $185.6 million.

Creations

Investors meanwhile put $292.9 million into the Vanguard Intermediate-Term Corporate Bond (NYSEArca: VCIT), making it the No. 1 fund on IndexUniverse’s “Top 10 Creations” list.

The No. 2 fund on the creations list was the SPDR Barclays Capital High Yield Bond ETF (NYSEArca: JNK), which had inflows of $200.5 million. The No. 3 fund on the list was the iShares Barclays MBS Bond Fund (NYSEArca: MBB), which had inflows of $86.5 million.

With the drop in equities, investors rushed into bonds. U.S.-focused fixed-income ETFs had inflows of $616.0 million.

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
VCIT Vanguard Intermediate-Term Corporate Bond 292.92 1,539.90 23%
JNK SPDR Barclays Capital High Yield Bond 200.48 11,400.69 2%
MBB iShares Barclays MBS Bond 86.49 4,367.64 2%
LQD iShares iBoxx $ Investment Grade Corporate Bond 80.83 18,948.63 0%
GXC SPDR S&P China 63.90 852.00 8%
AMJ JPMorgan Alerian MLP ETN 58.33 3,935.70 2%
HYG iShares iBoxx $ High Yield Corporate Bond 44.94 13,669.23 0%
KBE SPDR S&P Bank 43.78 1,437.08 3%
XRT SPDR S&P Retail 42.97 730.45 6%
XLK Technology Select SPDR 42.06 8,769.79 0%


Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 -759.36 97,974.91 -1%
IJH iShares S&P 400 MidCap -211.88 10,488.16 -2%
XLF Financial Select SPDR -185.64 7,018.65 -3%
TLT iShares Barclays 20+ Year Treasury Bond -163.73 3,052.40 -5%
IWM iShares Russell 2000 -150.22 17,340.26 -1%
XLY Consumer Discretionary Select SPDR -101.57 2,841.79 -3%
QQQ PowerShares QQQ -87.49 32,729.14 -0%
EWZ iShares MSCI Brazil -67.13 10,606.54 -1%
USO United States Oil -64.41 1,273.10 -5%
IEF iShares Barclays 7-10 Year Treasury Bond -63.12 4,776.08 -1%


ETF Daily Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -1,465.03 526,152.67 -0.28%
International Equity 92.40 287,193.25 0.03%
U.S. Fixed Income 616.04 187,994.97 0.33%
International Fixed Income 2.76 13,417.64 0.02%
Commodities -52.50 115,769.44 -0.05%
Currency -2.56 3,718.16 -0.07%
Leveraged -7.47 13,586.44 -0.05%
Inverse 17.47 20,129.97 0.09%
Asset Allocation 2.50 1,045.03 0.24%
Alternatives 24.40 3,317.66 0.74%
Total: -771.99 1,172,325.23 -0.07%


Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)		 1-Day Volume % of Average
VIXM ProShares VIX Mid-term 27,354 248,323 908%
FEZ SPDR Euro STOXX 50 263,261 1,562,179 593%
PYZ PowerShares Dynamic Basic Materials Portfolio 21,189 124,698 588%
FRN Guggenheim Frontier Markets 56,175 271,361 483%
URA Global X Uranium 291,033 1,339,195 460%
ISHG iShares S&P/Citigroup 1-3 Year International Treasury Bond 13,725 62,012 452%
SLX Market Vectors Steel 93,027 411,881 443%
PFM PowerShares Dividend Achievers Portfolio 377,103 1,368,125 363%
TVIX VelocityShares Daily 2X VIX Short Term ETN 8,379,084 29,817,432 356%
EDIV SPDR S&P Emerging Markets Dividend 100,196 320,930 320%


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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
VXAA ETRACS 1-Month S&P 500 VIX Futures ETN 13.61% 3,700 6.96
VIIX VelocityShares VIX Short Term ETN 9.13% 34,824 26.93
AGF PowerShares DB Agriculture Long ETN 8.77% 237,076 12.07
VXX iPath S&P 500 VIX Short-Term Futures ETN 8.58% 48,033,592 1,044.54
VIXY ProShares VIX Short-Term 8.56% 384,474 51.82
VXZ iPath S&P 500 VIX Mid-Term Futures ETN 4.43% 827,556 205.31
VIXM ProShares VIX Mid-term 4.34% 248,323 86.03
ZROZ PIMCO 25+ Year Zero Coupon U.S. Treasury 2.42% 28,972 68.81
NAGS Teucrium Natural Gas Fund 2.37% 1,250 1.25
EDV Vanguard Extended Duration Treasury 1.92% 59,494 188.78

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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
TAN Guggenheim Solar -8.24% 2,879,138 102.69
PTM ETRACS CMCI Long Platinum Total Return ETN -7.83% 95,161 42.52
TSXV Global X S&P TSX Venture 30 Canada -7.68% 6,049 2.95
GREK Global X FTSE Greece 20 -6.35% 16,727 1.79
ALUM Global X Aluminum -5.27% 1,878 3.23
KWT Market Vectors Solar Energy -5.24% 105,385 17.33
JJN iPath Dow Jones-UBS Nickel Total Return ETN -5.12% 1,325 10.14
KOL Market Vectors Coal -4.12% 262,082 339.50
PLTM First Trust ISE Global Platinum -4.11% 33,063 10.96
PBW PowerShares WilderHill Clean Energy Portfolio -3.88% 222,552 227.17

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.