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ETF Fund Flows: SPY Bleeds $2.28 Billion
By Alex Ulam | February 20, 2012

Related ETFs: XLE / XLF / LQD / EFA / IWM / IVV / QQQ / DIA / GLD / SPY

Investors pulled $2. 28 billion from the SPDR S&P 500 ETF (NYSEArca: SPY), making it No. 1 on IndexUniverse’s “Top 10 Redemptions” list. Despite SPY’s outflows, stocks rose on better- than-expected corporate earnings.

Net outflows totaled $1.78 billion. However, due to the market’s rise, total assets under management rose to a near record of $1.184 trillion, from $1.182 trillion on Thursday, Feb. 16, according to data compiled by IndexUniverse.

The Dow Jones industrial average rose 45.79 points to close at 12,949.87. Ongoing progress on Greece’s debt deal and an improved corporate outlook in the United States helped drive stocks higher. The S&P 500 rose 3.19 points, or 0.23 percent, to close at 1,361.23.

The No. 2 fund on IndexUniverse’s redemptions list was the iShares Russell 2000 Index Fund (NYSEArca: IWM) which had outflows of $839.9 million. The No. 3 fund on the list was the SPDR Dow Jones Industrial Average Trust (NYSEArca: DIA), which had outflows of $200.3 million.

Creations

The No. 1 fund on IndexUniverse’s “Top 10 Creations” list was the PowerShares QQQ Trust (NasdaqGM: QQQ), which had inflows of $203.0 million.

The No. 2 fund on the creations list was the Financial Select Sector SPDR Fund (NYSEArca: XLF), which had inflows of $193.8 million. The No. 3 fund on the list was the Energy Select Sector SPDR Fund (NYSEArca: XLE), which had inflows of $145.9 million.

Top 10 Creations (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
QQQ	PowerShares QQQ	203.04	33,006.69	1%
XLF	Financial Select SPDR	193.75	6,831.50	3%
XLE	Energy Select SPDR	145.94	8,035.57	2%
VEA	Vanguard MSCI EAFE	134.90	7,870.08	2%
OIH	Market Vectors Oil Services	113.41	1,267.60	10%
XLI	Industrial Select SPDR	110.04	3,846.75	3%
TVIX	VelocityShares Daily 2X VIX Short Term ETN	84.95	691.83	14%
XLB	Materials Select SPDR	70.98	2,059.28	4%
XOP	SPDR S&P Oil & Gas Exploration & Production	66.59	1,044.32	7%
EEM	iShares MSCI Emerging Markets	59.16	40,325.36	0%

Top 10 Redemptions (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
SPY	SPDR S&P 500	-2,277.38	96,090.39	-2%
IWM	iShares Russell 2000	-839.91	16,996.85	-5%
DIA	SPDR Dow Jones Industrial Average Trust	-200.28	11,233.52	-2%
MDY	SPDR S&P MidCap 400	-89.55	10,271.39	-1%
EWZ	iShares MSCI Brazil	-82.74	10,742.41	-1%
FAS	Direxion Daily Financial Bull 3x	-78.16	1,518.09	-5%
JNK	SPDR Barclays Capital High Yield Bond	-51.22	11,619.85	-0%
XLU	Utilities Select SPDR	-40.27	6,409.36	-1%
TNA	Direxion Daily Small Cap Bull 3x	-31.22	924.11	-3%
IYT	iShares Dow Jones Transportation Average	-28.10	379.32	-7%

ETF Daily Flows By Asset Class

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	-2,416.53	529,693.67	-0.46%
International Equity	444.93	293,165.71	0.15%
U.S. Fixed Income	223.18	188,997.72	0.12%
International Fixed Income	5.18	13,560.00	0.04%
Commodities	-24.34	116,670.16	-0.02%
Currency	64.03	3,863.52	1.66%
Leveraged	-130.89	13,920.80	-0.94%
Inverse	27.72	19,998.78	0.14%
Asset Allocation	5.00	1,066.38	0.47%
Alternatives	21.17	3,396.56	0.62%
Total:	-1,780.55	1,184,333.28	-0.15%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker	Name	Average Volume (30 Day)	1-Day Volume	% of Average
DXJ	WisdomTree Japan Hedged Equity Fund	184,388	1,138,392	617%
HYLD	AdvisorShares Peritus High Yield	14,354	76,989	536%
MLPN	Credit Suisse Cushing 30 MLP ETN	99,850	452,871	454%
BSJF	Guggenheim BulletShares 2015 High Yield Corporate Bond	70,290	300,611	428%
GUR	SPDR S&P Emerging Europe	23,212	81,148	350%
RJI	ELEMENTS Rogers International Commodity - Total Return ETN	424,424	1,303,584	307%
PXSV	PowerShares Fundamental Pure Small Value	16,606	49,999	301%
IYK	iShares Dow Jones U.S. Consumer Goods	46,010	138,531	301%
IHI	iShares Dow Jones U.S. Medical Devices	63,863	185,780	291%
SCHM	Schwab U.S. Mid-Cap	97,318	281,590	289%

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

Ticker	Name	1-Day Performance	1-Day Volume	AUM ($, mm)
GRN	iPath Global Carbon ETN	9.13%	1,700	1.64
GAZ	iPath Dow Jones-UBS Natural Gas Total Return ETN	7.03%	898,299	48.87
GREK	Global X FTSE Greece 20	6.89%	63,049	1.90
AGF	PowerShares DB Agriculture Long ETN	4.96%	7,600	11.86
KWT	Market Vectors Solar Energy	4.79%	115,576	16.86
GCE	Claymore CEF -Linked GS Connect ETN	4.49%	3,443	3.49
USV	ETRACS CMCI Silver Total Return ETN	4.32%	1,500	7.53
UNG	United States Natural Gas	4.28%	23,585,181	985.68
TAN	Guggenheim Solar	4.24%	223,918	98.37
GWO	ELEMENTS Credit Suisse Global Warming ETN	4.20%	1,100	2.98

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

Ticker	Name	1-Day Performance	1-Day Volume	AUM ($, mm)
DBEF	db-X MSCI EAFE Currency-Hedged Equity	-4.54%	1,983	33.94
VXAA	ETRACS 1-Month S&P 500 VIX Futures ETN	-4.13%	2,400	6.48
BBH	Market Vectors Biotech	-3.52%	36,312	108.38
JJM	iPath Dow Jones-UBS Industrial Metals Total Return ETN	-2.92%	14,504	37.40
JJT	iPath Dow Jones-UBS Tin Total Return ETN	-2.72%	5,410	18.39
JJC	iPath Dow Jones-UBS Copper Total Return ETN	-2.65%	486,467	170.22
FBT	First Trust NYSE Arca Biotechnology	-2.47%	90,868	239.48
XBI	SPDR S&P Biotech	-2.42%	266,729	519.49
NIB	iPath Dow Jones-UBS Cocoa Total Return ETN	-2.37%	17,306	20.05
PBE	PowerShares Dynamic Biotech & Genome Portfolio	-2.22%	12,313	142.88

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.