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ETF Fund Flows: Money Pours Into The 'Qs'
By Dave Nadig and Olivier Ludwig | July 14, 2010

Related ETFs: CHIX / IWM / AMJ

The PowerShares QQQ ETF (NYSEArca: QQQQ) of Nasdaq’s top 100 companies topped exchange-traded funds creations on Tuesday, July 13, with $551 million in new assets, climbing from the No. 3 spot the day before, as investors continued to move back into relatively risky stocks, according to data compiled by IndexUniverse.com.

The so-called Qs gathered $551 million in new assets yesterday, while the second on the creations list was the iShares Russell 2000 ETF (NYSEArca: IWM). The ETF, composed of relatively risky small-cap companies, had been high on the IndexUniverse.com redemptions list when the market was selling off and even after it began to stabilize. So, Tuesday's creations amounted to another sign investors are becoming bolder. The stock market ended yesterday's session with its sixth straight day of gains. More than $292 million piled into IWM.

Rounding out the top three creations was the J.P Morgan Alerian MLP Exchange Traded Note (NYSEArca: AMJ). Exchange-traded products focused on master limited partnerships have become popular in recent months because they offer attractive dividends at a time when official interest rates remain close to zero. AMJ added $242.7 million in new assets on Tuesday.

China-Related Volume Surprise

Another noteworthy feature of IndexUniverse.com’s daily data was the presence of the Global X China Financials ETF (NYSEArca: CHIX) high up on the “Volume Surprises” list, a possible link to last week’s initial public offering of the Agricultural Bank of China. The IPO could end up being the largest in history if its over-allotment option is fully exercised.

CHIX was No. 2 on the volume list yesterday at 138,692 shares, or almost six times its average 30-day daily volume. The day before, on Monday, CHIX topped that list with volume of 266,155, or more than 11 times above its 30-day average.

Total assets under management in the 1,014 U.S. ETFs now trading were almost $817.11 billion on Tuesday. That figure includes $1.35 billion in new assets, as well as market movement. Strong earnings helped propel the Dow Jones Industrial Average to six straight days of gains yesterday. It added 146.75 points, or 1.4 percent, to close at 10,363.02.

Complete ETF daily data follow below.

 

Top 10 Creations

Top 10 Creations (All ETFs)
Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
QQQQ PowerShares QQQ 551.05 17,622.18 3%
IWM iShares Russell 2000 292.40 13,852.04 2%
AMJ JPMorgan Alerian MLP Exchange Traded Note 242.70 1,537.10 19%
IVV iShares S&P 500 154.08 22,050.44 1%
EEM iShares MSCI Emerging Markets 143.26 36,871.13 0%
XLU Utilities Select Sector SPDR 105.02 3,299.81 3%
FAZ Direxion Daily Financial Bear 3x 78.07 916.58 9%
VTI Vanguard Total Stock Market 68.93 14,234.25 0%
VO Vanguard Mid-Cap 68.73 2,541.69 3%
VXX iPath S&P 500 VIX Short-Term Futures ETN 44.96 1,230.67 4%

Top 10 Redemptions

Top 10 Redemptions (All ETFs)
Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 -592.24 72,278.21 -1%
XLF Financial Select Sector SPDR -56.65 6,035.13 -1%
XRT SPDR S&P Retail -48.77 712.74 -6%
UCO ProShares Ultra DJ-UBS Crude Oil -42.80 498.19 -8%
XLI Industrial Select Sector SPDR -36.26 2,886.77 -1%
IYM iShares Dow Jones U.S. Basic Materials Sector -31.72 576.74 -5%
TLT iShares Barclays 20+ Year Treasury Bond -29.47 3,261.51 -1%
IGV iShares S&P North American Technology-Software -27.78 245.38 -10%
XLV Health Care Select Sector SPDR -21.90 2,476.34 -1%
XME SPDR S&P Metals and Mining -21.74 772.83 -3%

ETF Daily Flows By Asset Class

ETF Daily Flows By Asset Class
Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 608.65 352,521.19 0.17%
International Equity 199.20 209,582.68 0.10%
U.S. Fixed Income 168.95 118,728.60 0.14%
International Fixed Income - 4,596.12 0.00%
Commodity 10.84 81,222.60 0.01%
Currency 7.55 5,292.31 0.14%
Inverse 132.79 20,647.93 0.64%
Leveraged -81.14 12,421.70 -0.65%
Blend - 715.04 0.00%
Alternatives 306.11 11,385.90 2.69%
Total: 1,352.95 817,114.07 0.17%


Top 10 Volume Surprises, Funds >$50 mm AUM

Top 10 Volume Surprises (>$50mm AUM)
Ticker Name Average Volume
(30 Day)		 1-Day Volume % of Average
FRI First Trust S&P REIT 100,879 844,374 837%
CHIX Global X China Financials 27,938 138,692 496%
EXI iShares S&P Global Industrials Sector 32,904 146,223 444%
HGI Claymore/Zacks International Multi-Asset Income 7,867 34,051 433%
ENY Claymore/SWM Canadian Energy Income 52,676 226,085 429%
EWI iShares MSCI Italy 319,094 1,122,547 352%
JKG iShares Morningstar Mid Core 6,167 20,076 326%
IYC iShares Dow Jones U.S. Consumer Services Sector 101,803 330,580 325%
RWK RevenueShares Mid Cap 29,828 93,951 315%
EPI WisdomTree India Earnings 2,264,787 6,810,477 301%


Top 10 Performers, Excluding Leverage/Inverse Funds and >1,000 Shares Traded

Top 10 1 Day Performers (excluding Leverage/Inverse, >1,000 Shares Traded)
Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
GXF Global X FTSE Nordic 30 4.37% 14,490 7.01
EMFN iShares MSCI-Emerging Mkts Financials 4.28% 3,610 2.53
KRE SPDR KBW Regional Banking 4.23% 3,772,457 791.13
RZV Rydex S&P SmallCap 600 Pure Value 4.07% 36,323 104.07
EWD iShares MSCI Sweden 3.91% 268,220 201.89
PZI PowerShares Zacks Micro Cap Portfolio 3.89% 12,423 46.67
XHB SPDR S&P Homebuilders 3.89% 5,569,948 627.58
XLKS PowerShares S&P SmallCap Information Technology 3.87% 13,557 2.36
PYZ PowerShares Dynamic Basic Materials Sector Portfolio 3.83% 11,283 43.73
ITB iShares Dow Jones U.S. Home Construction 3.77% 208,057 242.68

Bottom 10 Performers, Excluding Leverage/Inverse Funds and >1,000 Shares Traded
Bottom 10 1 Day Performers (Excluding Leverage/Inverse, >1,000 Shares Traded)
Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
GRN iPath Global Carbon ETN -7.27% 2,685 3.77
ZROZ PIMCO 25+ Year Zero Coupon U.S. Treasury -2.29% 9,139 32.76
VXZ iPath S&P 500 VIX Mid-Term Futures ETN -1.81% 459,218 571.96
EDV Vanguard Extended Duration Treasury -1.70% 90,361 137.84
UNL United States 12 Month Natural Gas , LP -1.18% 21,961 28.54
JYF WisdomTree Dreyfus Japanese Yen -1.01% 4,446 11.88
BVT ELEMENTS Benjamin Graham Total Market Value - Total Return ETN -0.98% 2,823 1.07
VXX iPath S&P 500 VIX Short-Term Futures ETN -0.95% 19,910,041 1,230.67
TLT iShares Barclays 20+ Year Treasury Bond -0.86% 5,842,456 3,261.51
UUP PowerShares DB US Dollar Index Bullish -0.86% 4,354,595 1,002.36
Disclaimer: All data as of 6 a.m. Eastern following the day noted in the headline. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.