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Investors put another $167 million into the iShares MSCI Emerging Markets Index Fund (NYSEArca: EEM) on Thursday in the latest sign that emerging markets are back in favor. But ETF creations and redemptions slowed to a trickle on a day the stock market posted slight losses.
EEM led creations yesterday after gathering $315 million the day before, part of a trend in July suggesting investors are getting over concerns about the global economy and taking on more risk, notably in high-growth developing market countries, according to data compiled by IndexUniverse.com. The PowerShares QQQ (NYSEArca: QQQQ) ETF of Nasdaq’s 100-biggest companies was second on the creations list, with $116.6 million in new assets.
Notable on the redemptions list was the Barclays 1-3 Year Credit Bond (NYSEArca: CSJ), which saw $166.9 million head for the exits, in a possible sign that some investors may be willing to own longer-dated bonds that have higher yields but are more vulnerable to losses in principal should official interest rates rise. Indeed, $87.4 million went into the iBoxx $ Investment Grade Corporate Bond (NYSEArca: LQD), a popular fixed-income ETF with an average maturity of more than 12 years.
Total assets in the more than 1,000 U.S. ETFs now listed in the U.S. rose to $835.07 billion, as $325.9 million in net creations was just enough to offset the stock market’s losses yesterday.
The Dow Jones industrial average fell for its second straight day on Thursday, but is on the verge of having its best-performing month in a year. It lost 30.72, or 0.3 percent, ending the day at 10,467.16.
Top 10 Creations (All ETFs)
| EEM |
iShares MSCI Emerging Markets |
167.00 |
38,985.82 |
0% |
| QQQQ |
PowerShares QQQ |
116.61 |
18,799.44 |
1% |
| LQD |
iBoxx $ Investment Grade Corporate Bond |
87.42 |
13,964.71 |
1% |
| IYM |
iShares Dow Jones U.S. Basic Materials Sector |
86.37 |
664.16 |
15% |
| XLB |
Materials Select Sector SPDR |
82.76 |
2,037.81 |
4% |
| XLK |
Technology Select Sector SPDR |
74.83 |
4,333.72 |
2% |
| XLI |
Industrial Select Sector SPDR |
72.52 |
3,197.89 |
2% |
| VXX |
iPath S&P 500 VIX Short-Term Futures ETN |
68.34 |
1,442.73 |
5% |
| TIP |
iShares Barclays TIPS Bond |
52.94 |
20,413.20 |
0% |
| IJR |
iShares S&P SmallCap 600 |
51.91 |
5,807.79 |
1% |
Top 10 Redemptions (All ETFs)
| SPY |
SPDR S&P 500 |
-187.58 |
72,882.70 |
0% |
| CSJ |
Barclays 1-3 Year Credit Bond |
-166.93 |
6,812.74 |
-2% |
| XRT |
SPDR S&P Retail |
-115.32 |
270.35 |
-30% |
| TBT |
ProShares UltraShort 20+ Year Treasury |
-80.69 |
4,607.82 |
-2% |
| SHV |
iShares Barclays Short Treasury Bond |
-66.12 |
4,077.42 |
-2% |
| OEF |
iShares S&P 100 |
-65.34 |
2,143.68 |
-3% |
| XHB |
SPDR S&P Homebuilders |
-53.02 |
704.23 |
-7% |
| WIP |
SPDR DB International Government Inflation-Protected Bond |
-49.39 |
834.18 |
-6% |
| IBB |
iShares Nasdaq Biotechnology |
-47.80 |
1,405.98 |
-3% |
| XLF |
Financial Select Sector SPDR |
-39.00 |
5,907.38 |
-1% |
ETF Daily Flows By Asset Class
| U.S. Equity |
97.03 |
361,753.80 |
0.03% |
| International Equity |
245.00 |
218,170.42 |
0.11% |
| U.S. Fixed Income |
48.93 |
121,842.61 |
0.04% |
| International Fixed Income |
-33.30 |
4,861.95 |
-0.68% |
| Commodity |
-25.18 |
77,970.48 |
-0.03% |
| Currency |
-38.50 |
5,170.97 |
-0.74% |
| Inverse |
-39.63 |
21,128.17 |
-0.19% |
| Leveraged |
-7.02 |
11,337.39 |
-0.06% |
| Blend |
1.51 |
741.76 |
0.20% |
| Alternatives |
77.06 |
12,097.20 |
0.64% |
| Total: |
325.90 |
835,074.75 |
0.04% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| SCPB |
SPDR Barclays Capital Short Team Corporate Bond |
114,255 |
1,017,879 |
891% |
| IYK |
iShares Dow Jones U.S. Consumer Goods Sector |
38,933 |
290,794 |
747% |
| IWY |
iShares Russell Top 200 Growth |
25,562 |
146,403 |
573% |
| IWX |
iShares Russell Top 200 Value |
23,143 |
124,857 |
539% |
| AGZ |
iShares Barclays Agency Bond |
27,647 |
138,458 |
501% |
| KLD |
iShares FTSE KLD Select Social |
9,041 |
43,909 |
486% |
| CXA |
SPDR Barclays Capital California Municipal Bond |
13,198 |
59,619 |
452% |
| PGM |
iPath Dow Jones-UBS Platinum Metals Subindex Total Return ETN |
17,570 |
78,443 |
446% |
| FEZ |
SPDR DJ Euro Stoxx 50 |
47,676 |
206,043 |
432% |
| PXH |
PowerShares FTSE RAFI Emerging Markets Portfolio |
103,362 |
378,202 |
366% |
Top 10 1-Day Performers, Excluding Leverage/Inverse Funds and >1,000 Shares Traded
| JJS |
iPath Dow Jones-UBS Softs Subindex Total Return ETN |
4.70% |
3,050 |
16.94 |
| SGG |
iPath Dow Jones-UBS Sugar Subindex Total Return ETN |
3.09% |
114,956 |
79.69 |
| JJG |
iPath Dow Jones UBS Grains Subindex Total Return ETN |
2.92% |
224,435 |
99.16 |
| GRU |
ELEMENTS MLCX Grains - Total Return ETN |
2.66% |
44,880 |
13.42 |
| JJA |
iPath Dow Jones UBS Agriculture Subindex Total Return ETN |
2.42% |
14,378 |
74.75 |
| UBC |
UBS E-TRACS CMCI Livestock Total Return ETN |
2.29% |
3,600 |
8.61 |
| RJA |
ELEMENTS Rogers International Commodity - Agriculture Total Return ETN |
2.15% |
308,461 |
280.81 |
| AGF |
PowerShares DB Agriculture Long ETN |
1.99% |
1,510 |
2.50 |
| PQZ |
PowerShares Active Alpha Multi Cap |
1.52% |
8,000 |
2.45 |
| DBA |
PowerShares DB Agriculture |
1.44% |
1,090,160 |
1,910.35 |
Bottom 10 1-Day Performers, Excluding Leverage/Inverse Funds and >1,000 Shares Traded
| GSZ |
GlobalShares FTSE All Cap Asia Pac ex Japan |
-8.69% |
1,800 |
5.72 |
| ITB |
iShares Dow Jones U.S. Home Construction |
-2.95% |
412,982 |
240.10 |
| XBI |
SPDR S&P Biotech |
-2.88% |
194,258 |
454.71 |
| BHH |
B2B Internet HOLDRS |
-2.82% |
220,300 |
3.02 |
| XHB |
SPDR S&P Homebuilders |
-2.82% |
4,151,000 |
704.23 |
| KROO |
IndexIQ IQ Australia Small Cap |
-2.63% |
5,796 |
7.99 |
| XLKS |
PowerShares S&P SmallCap Information Technology |
-2.61% |
1,001 |
2.37 |
| UBG |
UBS E-TRACS CMCI Gold Total Return ETN |
-2.48% |
2,912 |
5.03 |
| PSI |
PowerShares Dynamic Semiconductors Portfolio |
-2.42% |
39,613 |
27.50 |
| IHF |
iShares Dow Jones U.S. Healthcare Providers |
-2.33% |
117,265 |
128.91 |
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. |
