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ETF Fund Flows: $2.65 Billion Into SPY
By Dave Nadig and Olivier Ludwig | September 08, 2010

Related ETFs: FAZ / FAS / IWM / SPY / VWO

Investors added $2.65 billion to the SPDR S&P 500 ETF (NYSEArca: SPY) on Tuesday, as stock markets fell amid concerns about banks, in another clear sign that the world’s biggest exchange-traded fund is used heavily by traders who buy SPY even when the market is losing ground.

Second on the creations list was the Vanguard MSCI Emerging Markets ETF (NYSEArca: VWO), which collected $244.4 million, bringing its total assets to $31.76 billion, and further cementing its status as one of the five biggest ETFs in the world, according to data compiled by IndexUniverse.com.

More consistent with the market’s downward movement was the $103.1 million investors put into the Direxion Daily Financial Bear 3x ETF (NYSEArca: FAZ). Investors focused on renewed concerns about European banks, and U.S. financial firms were caught in the selling. FAZ was sixth on IndexUniverse.com’s creations list.

Redemptions

As it happened, FAZ’s bullish counterpart, the Direxion Daily Financial Bull 3x ETF (NYSEArca: FAS) was fourth in outflows yesterday, telling a similar tale about banks as the FAZ creations. FAS had redemptions of $90.0 million.

Topping IndexUniverse.com’s redemptions list was the small-cap equities Russell 2000 ETF (NYSEArca: IWM), which had $409.5 million in outflows. The ETF, which, like SPY, is used widely by traders as well, had $12.67 billion in assets at the end of yesterday’s trading session.

The Dow Jones industrial average fell approximately 1 percent on Tuesday to about 10,341.

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 2,653.79 69,577.74 4%
VWO Vanguard Emerging Markets 244.44 31,759.11 1%
XLF Financial Select Sector SPDR 169.42 5,870.25 3%
VOX Vanguard Telecommunication Services 135.63 383.42 55%
XRT SPDR S&P Retail 133.71 729.68 22%
FAZ Direxion Daily Financial Bear 3x 103.05 1,088.88 10%
VXX iPath S&P 500 VIX Short-Term Futures ETN 68.50 1,866.36 4%
TZA Direxion Daily Small Cap Bear 3x 67.74 825.72 9%
UNG United States Natural Gas 57.98 2,570.48 2%
DVY iShares Dow Jones Select Dividend 56.88 4,539.03 1%


Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
IWM iShares Russell 2000 -409.54 12,667.30 -3%
XLB Materials Select Sector SPDR -102.18 1,814.09 -5%
TBT ProShares UltraShort 20+ Year Treasury -91.87 4,268.62 -2%
FAS Direxion Daily Financial Bull 3x -89.98 1,797.43 -5%
SH ProShares Short S&P500 -80.69 2,543.62 -3%
IYT iShares Dow Jones Transportation Average -62.90 479.61 -12%
TNA Direxion Daily Small Cap Bull 3x -59.46 473.79 -11%
AGG iShares Barclays Aggregate Bond -53.99 12,450.81 0%
IYZ iShares Dow Jones Telecommunications Sector -34.13 645.43 -5%
IEF iShares Barclays 7-10 Year Treasury Bond -29.36 3,669.82 -1%


Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)		 1-Day Volume % of Average
VCLT Vanguard Long-Term Corporate Bond 17,431 154,477 886%
PXR PowerShares Emerging Markets Infrastructure Portfolio 17,883 137,850 771%
NFO Claymore/Sabrient Insider 76,311 380,146 498%
VBR Vanguard Small-Cap Value 138,114 609,097 441%
GSC GS Connect S&P GSCI Enhanced Commodity Total Return Strategy ETN 11,986 51,268 428%
DHS WisdomTree Equity Income 44,396 183,345 413%
PLW PowerShares 1-30 Laddered Treasury Portfolio 41,463 169,311 408%
FVD First Trust Value Line Dividend 64,837 256,184 395%
DIM WisdomTree International MidCap Dividend 11,573 45,678 395%
PHB PowerShares High Yield Corporate Bond Portfolio 300,697 1,094,710 364%


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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
SGG iPath Dow Jones-UBS Sugar Subindex Total Return ETN 3.82% 44,393 66.77
JO iPath Dow Jones-UBS Coffee Subindex Total Return ETN 3.76% 8,969 23.64
DRR Market Vectors Double Short Euro ETN 3.25% 17,892 57.71
EUO ProShares UltraShort Euro 3.08% 716,483 357.03
UAG UBS E-TRACS CMCI Agriculture Total Return ETN 2.79% 1,050 6.69
VXX iPath S&P 500 VIX Short-Term Futures ETN 2.73% 28,224,739 1,866.36
BAL iPath Dow Jones-UBS Cotton Subindex Total Return ETN 1.97% 9,922 13.32
JJN iPath Dow Jones-UBS Nickel Subindex Total Return ETN 1.78% 3,416 16.03
YCL ProShares Ultra Yen 1.66% 5,121 6.34
VXZ iPath S&P 500 VIX Mid-Term Futures ETN 1.61% 313,455 767.34

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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
DBV PowerShares DB G10 Currency Harvest -6.26% 348,398 353.50
NIB iPath Dow Jones-UBS Cocoa Subindex Total Return ETN -3.45% 11,794 9.80
ULE ProShares Ultra Euro -3.20% 14,834 12.84
TDN TDX Independence 2030 -2.41% 2,626 33.64
COW iPath Dow Jones-UBS Livestock Subindex Total Return ETN -1.90% 51,658 67.31
PALL ETFS Physical Palladium -1.83% 35,035 397.80
EU WisdomTree Dreyfus Euro -1.58% 5,000 12.85
FXE CurrencyShares Euro -1.55% 564,737 481.86
SZR WisdomTree Dreyfus South African Rand -1.53% 2,537 11.87
UNG United States Natural Gas -1.25% 22,491,331 2,570.48

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.