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Almost $1 billion in combined redemptions from the most widely traded small-cap equity ETF as well as the two biggest U.S. ETFs set the tone in the world of exchange-traded funds on Tuesday, as the stock market eked out gains in a session marked by continued concern about the health of the economy, according to data compiled by IndexUniverse.com.
Outflows from the iShares Russell 2000 ETF (NYSEArca: IWM) of small-cap stocks topped the redemptions list at $308.9 million. Second on the redemptions list was the biggest U.S. ETF, the SPDR S&P 500 ETF (NYSEArca: SPY), which saw $292.9 million in investor money head for the exits. The second-biggest U.S. ETF, the SPDR Gold Trust (NYSEArca: GLD) was third, with $231.4 in redemptions.
Overall, net flows amounted to negative $69.5 million, with U.S. equities and especially commodities pacing those outflows. Almost $300 million exited commodities, while $156.8 million worth of U.S. equities was redeemed. International equities added $43 million to the list of redemptions.
On the flip side, the asset class that garnered the most inflows was U.S. fixed income, with $251.5 million in new money. The individual bond ETF that was highest on the creations list was the iShares iBoxx $ High Yield Corporate Bond Fund (NYSEArca: HYG), which was the source of almost $78 million in creations. HYG was No. 4 on the creations list.
At the top of IndexUniverse.com’s creations list was the PowerShares QQQ (NYSEArca: QQQQ) of Nasdaq’s biggest 100 companies, which had inflows of $228.5 million. The iShares Dow Jones U.S. Real Estate ETF (NYSEArca: IYR) was second, with $215 million in creations, while the Energy Select Sector SPDR (NYSEArca: XLE) was third on the list, with $135.6 million in inflows.
Total assets in the 1,014 U.S. ETFs now listed were $808.53 billion, after accounting for the $69 million in net outflows noted above as well as the market’s gains yesterday. The Dow Jones industrial average rose 75.3 on Tuesday, or 0.7 percent, to close at 10,229.96.
Top 10 Creations (All ETFs)
| QQQQ |
PowerShares QQQ |
228.49 |
17,756.36 |
1% |
| IYR |
iShares Dow Jones U.S. Real Estate |
215.05 |
2,546.01 |
9% |
| XLE |
Energy Select Sector SPDR |
135.63 |
6,030.03 |
2% |
| HYG |
iBoxx $ High Yield Corporate Bond |
77.97 |
5,587.94 |
1% |
| SH |
ProShares Short S&P500 |
62.50 |
2,511.61 |
3% |
| XLP |
Consumer Staples Select Sector SPDR |
60.53 |
2,813.35 |
2% |
| XRT |
SPDR S&P Retail |
54.03 |
458.37 |
13% |
| VXX |
iPath S&P 500 VIX Short-Term Futures ETN |
42.81 |
1,375.50 |
3% |
| CSJ |
Barclays 1-3 Year Credit Bond |
41.62 |
6,691.00 |
1% |
| CYB |
WisdomTree Dreyfus Chinese Yuan |
39.94 |
709.00 |
6% |
Top 10 Redemptions (All ETFs)
| IWM |
iShares Russell 2000 |
-308.94 |
12,747.88 |
-2% |
| SPY |
SPDR S&P 500 |
-292.93 |
68,777.88 |
0% |
| GLD |
SPDR Gold |
-231.35 |
49,740.21 |
0% |
| XLY |
Consumer Discretionary Select Sector SPDR |
-116.91 |
1,629.16 |
-7% |
| MDY |
SPDR S&P MidCap 400 |
-87.59 |
8,408.43 |
-1% |
| KBE |
SPDR KBW Bank |
-41.99 |
741.79 |
-5% |
| EWJ |
iShares MSCI Japan |
-39.49 |
4,547.00 |
-1% |
| USO |
United States Oil |
-38.22 |
1,952.78 |
-2% |
| XLI |
Industrial Select Sector SPDR |
-35.87 |
2,669.30 |
-1% |
| KRE |
SPDR KBW Regional Banking |
-26.77 |
733.37 |
-4% |
ETF Daily Flows By Asset Class
| U.S. Equity |
-156.78 |
345,064.76 |
-0.05% |
| International Equity |
-43.09 |
208,077.31 |
-0.02% |
| U.S. Fixed Income |
251.49 |
120,744.28 |
0.21% |
| International Fixed Income |
5.30 |
4,764.51 |
0.11% |
| Commodity |
-296.56 |
79,398.07 |
-0.37% |
| Currency |
55.12 |
5,269.11 |
1.05% |
| Inverse |
77.47 |
21,272.90 |
0.36% |
| Leveraged |
-19.69 |
11,507.60 |
-0.17% |
| Blend |
- |
718.06 |
0.00% |
| Alternatives |
57.22 |
11,715.46 |
0.49% |
| Total: |
-69.52 |
808,532.05 |
-0.01% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| ISHG |
S&P/Citigroup 1-3 Year International Treasury Bond |
4,149 |
35,864 |
864% |
| SCPB |
SPDR Barclays Capital Short Team Corporate Bond |
78,382 |
638,973 |
815% |
| BZF |
WisdomTree Dreyfus Brazilian Real |
100,630 |
705,933 |
702% |
| AGZ |
iShares Barclays Agency Bond |
22,065 |
146,220 |
663% |
| GEX |
Market Vectors Global Alternative Energy |
76,061 |
475,378 |
625% |
| CWB |
SPDR Barclays Capital Convertible Bond |
87,285 |
540,752 |
620% |
| SDY |
SPDR S&P Dividend |
366,752 |
1,816,683 |
495% |
| IDU |
iShares Dow Jones U.S. Utilities Sector |
59,592 |
293,283 |
492% |
| VPL |
Vanguard Pacific |
160,197 |
678,679 |
424% |
| PSP |
PowerShares Listed Private Equity Portfolio |
114,576 |
463,560 |
405% |
Top 10 1-Day Performers, Excluding Leverage/Inverse Funds and >1,000 Shares Traded
| BVT |
ELEMENTS Benjamin Graham Total Market Value - Total Return ETN |
6.20% |
28,460 |
1.59 |
| SGG |
iPath Dow Jones-UBS Sugar Subindex Total Return ETN |
3.45% |
41,211 |
72.89 |
| IGW |
iShares S&P North American Technology-Semiconductors |
2.70% |
167,086 |
292.12 |
| IEZ |
iShares Dow Jones U.S. Oil Equipment & Services |
2.67% |
97,357 |
334.32 |
| XSD |
SPDR S&P Semiconductor |
2.61% |
230,826 |
101.88 |
| SMH |
Semiconductor HOLDRS |
2.59% |
16,974,577 |
565.26 |
| OIH |
Oil Services HOLDRS |
2.23% |
5,599,980 |
2,269.94 |
| BBH |
Biotech HOLDRS |
2.19% |
45,300 |
281.67 |
| PIE |
iShares MSCI Emerging Markets |
2.15% |
21,102 |
43.95 |
| ECH |
iShares MSCI Chile Investable Market |
2.13% |
167,398 |
476.30 |
Bottom 10 1-Day Performers, Excluding Leverage/Inverse Funds and >1,000 Shares Traded
| NIB |
iPath Dow Jones-UBS Cocoa Subindex Total Return ETN |
-5.16% |
4,070 |
8.68 |
| BHH |
B2B Internet HOLDRS |
-4.62% |
11,900 |
2.78 |
| XLBS |
PowerShares S&P SmallCap Materials |
-4.11% |
6,100 |
2.22 |
| STH |
Claymore/Sabrient Stealth |
-3.80% |
28,700 |
2.19 |
| EGPT |
Market Vectors Egypt |
-3.43% |
2,981 |
3.42 |
| VXX |
iPath S&P 500 VIX Short-Term Futures ETN |
-3.07% |
21,983,467 |
1,375.50 |
| TXF |
Geary TXF Large Companies Exchange Traded |
-2.80% |
19,328 |
7.40 |
| WFVK |
Wilshire 5000 Total Market |
-2.79% |
8,800 |
2.39 |
| PSAU |
PowerShares Global Gold and Precious Metals Portfolio |
-2.71% |
12,898 |
44.67 |
| SIL |
Global X Silver Miners |
-2.58% |
57,324 |
51.26 |
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. |
