IndexUniverse.com
  
Print This Article

Sections

ETF Fund Flows: $3.46 Billion Pours Into SPY
By Dave Nadig and Olivier Ludwig | September 03, 2010

Related ETFs: VXX / TLT / LQD / IWM / GDX / MDY / SPY

Investors poured $3.46 billion into the SPDR S&P 500 ETF (NYSEArca: SPY) yesterday, while pulling $366.1 million into the SPDR Gold Trust (NYSEArca: GLD) as stocks rose in light trade on the eve of the much-anticipated U.S. jobs report.

SPY was atop IndexUniverse.com’s creations list, with the SPDR S&P MidCap 400 (NYSEArca: MDY) and the PowerShares QQQ (NYSEArca: QQQQ) ETF of Nasdaq’s 100 biggest companies second and third, with inflows of $319.5 million and $260.4 million, respectively.

Fixed-income ETFs were also among the top 10 in creations yesterday. The iShares Barclays 20+ Year Treasury Bond ETF (NYSEArca: TLT) was fourth, with $188.3 million in creations, while iShares’ iBoxx $ Investment Grade Corporate Bond ETF (NYSEArca: LQD) was eighth, with $122.0 million in fresh assets.

A measure of declining anxiety could also be seen in the fact that the iPath S&P 500 VIX Short-Term Futures ETN (NYSEArca: VXX) was the worst-performing exchange-traded product on Thursday. The ETN, which allows investors to profit in times of rising volatility, fell 2.81 percent.

Redemptions

GLD, as mentioned above, topped IndexUniverse.com’s redemptions list yesterday, while the Market Vectors Gold Miners ETF (NYSEArca: GDX) was sixth, with $42.9 million in outflows.

The small-cap equities Russell 2000 ETF (NYSEArca: IWM) was second, with $129.8 million in outflows. The ETF is among the most heavily traded, so its flows often run counter to the movement of the market.

The Dow Jones industrial average rose on Thursday 50.63 points, or 0.5 percent, to 10,320.10 in a day of light trade before the U.S. Department of Labor’s nonfarm payrolls report for August. On Friday, the report came in better than expected, boosting stock prices and appetite for riskier assets.

While the U.S. economy shed 54,000 jobs last month, the losses were about half what economists had been expecting. Also, the report showed that the private economy added 67,000 jobs, with losses largely linked to government census employees coming off payrolls.

Still, the unemployment rate edged up to 9.6 percent from 9.5 percent, suggesting the heat is still on policymakers to find ways to jump-start the job market.

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 3,459.52 67,195.87 5%
MDY SPDR S&P MidCap 400 319.48 9,385.04 4%
QQQQ PowerShares QQQ 260.42 16,904.83 2%
TLT iShares Barclays 20+ Year Treasury Bond 188.27 3,577.18 6%
XLI Industrial Select Sector SPDR 182.76 2,782.22 7%
XLF Financial Select Sector SPDR 150.70 5,719.59 3%
FAZ Direxion Daily Financial Bear 3x 122.98 1,000.80 14%
LQD iBoxx $ Investment Grade Corporate Bond 121.97 14,437.19 1%
IVV iShares S&P 500 87.89 21,801.82 0%
TZA Direxion Daily Small Cap Bear 3x 63.87 728.46 10%


Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
GLD SPDR Gold -366.07 51,957.31 -1%
IWM iShares Russell 2000 -129.77 12,872.32 -1%
IYR iShares Dow Jones U.S. Real Estate -87.96 2,726.82 -3%
XLE Energy Select Sector SPDR -53.64 6,044.35 -1%
IEF iShares Barclays 7-10 Year Treasury Bond -48.94 3,749.11 -1%
GDX Market Vectors Gold Miners -42.91 6,878.49 -1%
EWG iShares MSCI Germany -42.38 1,501.33 -3%
TNA Direxion Daily Small Cap Bull 3x -37.04 565.39 -6%
IYT iShares Dow Jones Transportation Average -35.40 531.01 -6%
DIA Dow Diamonds -30.99 7,756.69 0%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)		 1-Day Volume % of Average
PIV PowerShares S&P 500 High Quality Portfolio 46,604 743,206 1595%
ALT iShares Diversified Alternatives 25,375 163,190 643%
DHS WisdomTree Equity Income 28,871 183,502 636%
NFO Claymore/Sabrient Insider 56,374 358,217 635%
FNX First Trust Mid Cap Core AlphaDEX 28,522 171,495 601%
DSV SPDR Dow Jones Small Cap Value 24,136 138,857 575%
DGL PowerShares DB Gold 48,680 253,775 521%
WOOD iShares S&P Global Timber & Forestry 9,235 44,329 480%
TTH Telecom HOLDRS 23,654 107,800 456%
GSC GS Connect S&P GSCI Enhanced Commodity Total Return Strategy ETN 11,753 51,268 436%


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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
UBM UBS E-TRACS CMCI Industrial Metals Total Return ETN 4.35% 1,025 5.36
JJN iPath Dow Jones-UBS Nickel Subindex Total Return ETN 2.97% 7,145 15.63
JJM iPath Dow Jones-UBS Industrial Metals Subindex Total Return ETN 1.86% 2,816 53.93
AGF PowerShares DB Agriculture Long ETN 1.83% 1,318 2.68
UGA United States Gasoline , LP 1.80% 21,505 64.59
SLV iShares Silver 1.69% 7,828,029 5,799.39
SIVR ETFS Physical Silver 1.60% 194,742 180.28
DBS PowerShares DB Silver 1.55% 30,067 83.37
OIL iPath Dow Jones-UBS Crude Oil Subindex Total Return ETN 1.54% 410,349 603.69
BAL iPath Dow Jones-UBS Cotton Subindex Total Return ETN 1.53% 10,563 13.07

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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
VXX iPath S&P 500 VIX Short-Term Futures ETN -2.81% 17,373,407 1,835.38
UCI UBS E-TRACS CMCI Total Return ETN -1.45% 6,470 86.79
VXZ iPath S&P 500 VIX Mid-Term Futures ETN -1.11% 500,808 754.56
FXB CurrencyShares British Pound Sterling -0.35% 47,862 153.28
BNO United States Brent Oil Fund -0.31% 22,800 10.38
EUO ProShares UltraShort Euro -0.31% 447,551 354.62
DBV PowerShares DB G10 Currency Harvest -0.31% 546,241 359.26
DRR Market Vectors Double Short Euro ETN -0.27% 69,202 58.53
NIB iPath Dow Jones-UBS Cocoa Subindex Total Return ETN -0.20% 4,451 7.88
TDH TDX Independence 2020 -0.19% 3,586 38.32

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.