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ETF Fund Flows: MDY Loses $531.4 Million
By Dave Nadig and Olivier Ludwig | February 14, 2012

Related ETFs: TNA / XLE / IWO / JNK / MDY / SPY

Investors withdrew $531.4 million from the SPDR S&P 400 Mid-Cap ETF (NYSEArca: MDY) making it the No. 1 fund on IndexUniverse’s “Top 10 Redemptions” list. Stocks recovered after Greece passed an austerity bill, giving hope to investors that the country could avoid a default.

Net outflows totaled $1.02 billion, but due to the market’s rise, total assets under management rose to $1.179 trillion from $1.172 trillion on Friday, Feb. 10, according to data compiled by IndexUniverse.

The Dow Jones industrial average rose 72.81 points, or 0.61 percent, to close at 12,874.04. The passage of the Greek austerity bill was the most significant factor behind the market’s rise. The S&P 500 gained 9.13 points, or 0.7 percent, to close at 1,351.77.

The No.2 fund on IndexUniverse’s redemptions list was the SPDR S&P 500 ETF (NYSEArca: SPY), which had outflows of $399.3 million. The No. 3 fund on the list was the Energy Select Sector SPDR Fund (NYSEArca: XLE), which had outflows of $202.5 million.

Creations

The No. 1 fund on IndexUniverse’s “Top 10 Creations” list was the Direxion Daily Small Cap Bull 3X (NYSEArca: TNA), which had inflows of $104.8 million.

The No.2 fund on the creations list was the SPDR Barclays Capital High Yield Bond ETF (NYSEArca: JNK), which had inflows of $90.6 million, while the No. 3 fund on inflows list was the iShares Russell 2000 Growth Index Fund (NYSEArca: IWO), which had inflows of $61.6 million.

U.S. focused-fixed income ETFs were a popular asset class yesterday, with inflows of $175.8 million.

 

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
TNA Direxion Daily Small Cap Bull 3x 104.76 973.68 12%
JNK SPDR Barclays Capital High Yield Bond 90.56 11,509.16 1%
IWO iShares Russell 2000 Growth 61.58 3,969.61 2%
EWW iShares MSCI Mexico Investable Market 60.73 1,238.91 5%
TZA Direxion Daily Small Cap Bear 3x 53.31 856.97 7%
VCIT Vanguard Intermediate-Term Corporate Bond 50.23 1,590.49 3%
AMLP Alerian MLP 48.79 2,542.52 2%
FXE CurrencyShares Euro 46.06 256.61 22%
VXX iPath S&P 500 VIX Short-Term Futures ETN 43.55 1,010.62 5%
MBB iShares Barclays MBS Bond 43.26 4,412.20 1%


Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
MDY SPDR S&P MidCap 400 -531.42 10,247.47 -5%
SPY SPDR S&P 500 -399.25 98,259.30 -0%
XLE Energy Select SPDR -202.47 7,654.73 -3%
XLI Industrial Select SPDR -160.91 3,570.99 -4%
XLB Materials Select SPDR -109.64 2,067.12 -5%
XME SPDR S&P Metals and Mining -66.65 871.81 -7%
TIP iShares Barclays TIPS Bond -59.25 23,046.69 -0%
XOP SPDR S&P Oil & Gas Exploration & Production -58.30 1,066.82 -5%
PSQ ProShares Short QQQ -53.86 172.07 -24%
OIH Market Vectors Oil Services -51.96 1,058.33 -5%


ETF Daily Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -1,299.98 529,142.16 -0.25%
International Equity 25.63 290,091.15 0.01%
U.S. Fixed Income 175.79 188,317.29 0.09%
International Fixed Income 53.49 13,507.62 0.40%
Commodities -133.96 116,274.53 -0.12%
Currency 40.33 3,768.55 1.07%
Leveraged 59.37 13,831.30 0.43%
Inverse -18.11 19,934.59 -0.09%
Asset Allocation - 1,049.43 0.00%
Alternatives 79.05 3,313.91 2.39%
Total: -1,018.38 1,179,230.52 -0.09%


Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)		 1-Day Volume % of Average
FXR First Trust Industrials/Producer Durables AlphaDEX 123,556 2,077,198 1681%
DOL WisdomTree International LargeCap Dividend 31,382 154,722 493%
REZ iShares FTSE NAREIT Residential Plus Capped 84,265 374,906 445%
FTA First Trust Large Cap Value AlphaDEX 54,516 232,676 427%
GBF iShares Barclays Government/Credit Bond 15,426 58,182 377%
ITF iShares S&P/TOPIX 150 3,382 12,422 367%
IYC iShares Dow Jones U.S. Consumer Services 38,842 136,119 350%
SLX Market Vectors Steel 103,112 351,962 341%
EUSA iShares MSCI USA 47,495 156,900 330%
PWC PowerShares Dynamic Market Portfolio 11,249 36,937 328%


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 7.81% 124,733 50.39
GAZ iPath Dow Jones-UBS Natural Gas Total Return ETN 7.38% 1,070,750 45.33
GREK Global X FTSE Greece 20 7.34% 12,950 1.91
SOCL Global X Social Media 6.95% 103,676 7.56
ALUM Global X Aluminum 3.29% 1,192 3.26
RSX Market Vectors Russia 3.09% 4,140,543 2,025.91
XBI SPDR S&P Biotech 3.08% 215,841 534.79
USV ETRACS CMCI Silver Total Return ETN 3.06% 1,655 7.61
PMNA PowerShares MENA Frontier Countries Portfolio 2.95% 7,770 19.37
RBL SPDR S&P Russia 2.88% 47,305 41.75

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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
VIXY ProShares VIX Short-Term -7.73% 192,657 53.41
VIIX VelocityShares VIX Short Term ETN -7.72% 16,100 24.93
VXX iPath S&P 500 VIX Short-Term Futures ETN -7.58% 32,214,354 1,010.62
AGF PowerShares DB Agriculture Long ETN -5.47% 7,770 11.41
GWO ELEMENTS Credit Suisse Global Warming ETN -4.14% 7,129 2.87
VIXM ProShares VIX Mid-term -3.05% 11,896 96.65
VXZ iPath S&P 500 VIX Mid-Term Futures ETN -2.93% 253,678 209.52
DBEF db-X MSCI EAFE Currency-Hedged Equity -2.64% 5,843 33.46
TDV db-X 2040 Target Date -2.52% 1,652 29.68
CHIE Global X China Energy -2.28% 1,245 6.00

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.