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ETF Fund Flows: GLD Leads, Gold Hits Record
By Dave Nadig and Olivier Ludwig | September 29, 2010

Related ETFs: CSJ / IWM / SPY / UNG

The SPDR Gold Trust (NYSEArca: GLD) gathered $214.9 million in assets on Tuesday, riding a wave of gold buying that pushed the precious metal above $1,300 an ounce for the first time, as investors fretted about weak data on housing and consumer confidence.

While net equity flows were negative yesterday, inflows into commodities and fixed income ETFs helped lift total assets in U.S. ETFs over $900 billion for the first time, according to data compiled by IndexUniverse.com.

The United States Natural Gas ETF (NYSEArca: UNG) gathered $71.9 million, and investors put $56.2 million into the iBoxx $ Investment Grade Corporate Bond Index Fund NYSEArca: LQD) and $42.0 million into the Barclays 1-3 Year Credit Bond ETF (NYSEArca: CSJ).

Redemptions

IndexUniverse.com’s redemptions list was meanwhile populated by the usual suspects, the PowerShares QQQ ETF (NYSEArca: QQQQ) of Nasdaq’s 100 biggest companies, the small-cap iShares Russell 2000 ETF (NYSEArca: IWM) and the SPDR S&P 500 ETF (NYSEArca: SPY). The ‘Qs’ suffered outflows of $617.5 million, while IWM and SPY had redemptions of $462.6 million and $327.1 million, respectively.

The redemptions came on a day when the Dow Jones industrial average rose 46.10 points to 10,858.14 on growing sentiment that the Federal Reserve will renew its efforts to stimulate the economy through measures such as buying longer-dated Treasurys. That would help push yields lower, cutting borrowing costs.

Those views also had a hand in fueling gold’s settlement at $1,306.60 a troy ounce, as did reports showing signs that U.S. housing-price gains are faltering and consumer confidence is suffering because of a weak job market.

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
GLD SPDR Gold 214.94 54,303.57 0%
IYR iShares Dow Jones U.S. Real Estate 167.67 3,249.62 5%
XLK Technology Select Sector SPDR 145.83 4,452.60 3%
XRT SPDR S&P Retail 134.92 596.60 29%
UNG United States Natural Gas 71.90 2,525.28 3%
LQD iBoxx $ Investment Grade Corporate Bond 56.20 14,869.45 0%
XLU Utilities Select Sector SPDR 52.16 4,228.78 1%
KRE SPDR KBW Regional Banking 44.47 547.37 9%
VGK Vanguard European 44.16 2,681.58 2%
CSJ Barclays 1-3 Year Credit Bond 41.96 7,364.68 1%


Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
QQQQ PowerShares QQQ -617.52 21,576.11 -3%
IWM iShares Russell 2000 -462.59 12,854.51 -3%
SPY SPDR S&P 500 -327.09 79,998.01 0%
XLY Consumer Discretionary Select Sector SPDR -99.54 1,739.47 -5%
TLT iShares Barclays 20+ Year Treasury Bond -95.58 3,674.47 -3%
XLE Energy Select Sector SPDR -52.72 6,457.62 -1%
TIP iShares Barclays TIPS Bond -43.95 20,546.70 0%
UUP PowerShares DB US Dollar Index Bullish -27.48 751.24 -4%
IWO iShares Russell 2000 Growth -26.18 2,939.73 -1%
PVI PowerShares VRDO Tax-Free Weekly Portfolio -22.50 654.92 -3%


ETF Daily Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -834.34 381,830.12 -0.22%
International Equity 208.48 245,908.60 0.08%
U.S. Fixed Income 55.22 137,219.04 0.04%
International Fixed Income 5.54 9,248.24 0.06%
Commodities 394.67 87,165.66 0.45%
Currency -44.34 4,919.11 -0.90%
Leveraged -70.19 11,329.41 -0.62%
Inverse 36.73 20,937.20 0.18%
Asset Allocation - 455.75 0.00%
Alternatives 16.68 4,293.13 0.39%
Total: -231.56 903,306.25 -0.03%


Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)		 1-Day Volume % of Average
AIA iShares S&P Asia 50 27,372 183,341 670%
FDL First Trust Morningstar Dividend Leaders 122,201 808,207 661%
CFT iShares Barclays Credit Bond 48,882 319,607 654%
EIDO iShares MSCI Indonesia Investable Market 214,339 1,305,333 609%
EWO iShares MSCI Austria Investable Market 112,490 621,646 553%
GSR GlobalShares FTSE Emerging Markets 341 1,642 481%
IFGL iShares FTSE EPRA/NAREIT Developed Real Estate ex-US. 65,971 315,949 479%
FAN First Trust ISE Global Wind Energy 30,239 142,899 473%
IGN iShares S&P North American Technology-Multimedia Networking 118,082 544,548 461%
UCI UBS E-TRACS CMCI Total Return ETN 3,899 15,060 386%


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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
JO iPath Dow Jones-UBS Coffee Subindex Total Return ETN 4.02% 39,464 23.78
GXG Global X/InterBolsa FTSE Colombia 20 3.16% 144,669 111.76
TUR iShares MSCI Turkey Investable Market 2.74% 258,103 772.30
AXSL iShares MSCI ACWI ex-US Consumer Staples Sector Index Fund 2.45% 10,600 5.94
GDX Market Vectors Gold Miners 2.38% 15,152,729 7,318.80
EWD iShares MSCI Sweden 2.00% 346,189 312.77
FRN Claymore/BNY Mellon Frontier Markets 1.97% 223,161 148.45
PALL ETFS Physical Palladium 1.97% 180,922 395.72
GDXJ Market Vectors Junior Gold Miners 1.91% 2,768,923 1,448.59
EZA iShares MSCI South Africa 1.89% 462,161 580.11

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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
GRU ELEMENTS MLCX Grains - Total Return ETN -2.37% 95,070 17.58
JJG iPath Dow Jones UBS Grains Subindex Total Return ETN -2.37% 75,760 145.42
LD iPath Dow Jones-UBS Lead Subindex Total Return ETN -2.11% 1,901 5.43
JJA iPath Dow Jones UBS Agriculture Subindex Total Return ETN -1.25% 23,188 92.69
TWON IndexIQ IQ Taiwan Small Cap -1.11% 1,100 2.77
RJA ELEMENTS Rogers International Commodity - Agriculture Total Return ETN -1.00% 328,475 346.24
IPF SPDR S&P International Financial Sector -0.91% 1,500 8.88
VXX iPath S&P 500 VIX Short-Term Futures ETN -0.90% 27,067,381 2,253.15
NIB iPath Dow Jones-UBS Cocoa Subindex Total Return ETN -0.88% 16,694 14.20
TAO Claymore/AlphaShares China Real Estate -0.86% 24,194 53.85

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.