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ETF Fund Flows: SPY Bleeds $1.44 Billion
By Dave Nadig and Olivier Ludwig | June 27, 2011

Related ETFs: XLE / IAU / IWM / PPA / QQQ / UCO / SPY / USO

Investors pulled $1.44 billion out of the SPDR S&P 500 ETF (NYSEArca: SPY) on Friday, as stocks fell again on continued concerns surrounding Europe’s sovereign debt crisis, capping the seventh losing week in eight.

On the flip side, investors poured $81.4 million into the iShares Gold Trust (NYSEArca: IAU), making it Friday’s most popular fund, and lifting assets in the physical gold ETF to more than $7 billion.

Overall, net flows were negative to the tune of $2.52 billion, and total U.S.-listed ETF assets fell to just shy of $1.065 trillion from $1.076 trillion on June 23, according to data compiled by IndexUniverse. The Dow Jones industrial average fell 115.42 points, or 1 percent, to 11,934.58, as investors continued to fret about how Greece and Italy were going to manage their sizable debt loads.

After SPY, the Energy Select SPDR ETF (NYSEArca: XLE) was the second-most-unpopular fund on Friday, suffering $450.3 million in outflows. XLE now has under $8.28 billion in assets.

The iShares Russell 2000 Index Fund Index Fund (NYSEArca: IWM) meanwhile suffered almost $200 million in redemptions, with assets in the widely traded fund ending the day at just below $16 billion.

On a percentage basis, the biggest redemption on Friday was the $85.3 million that exited the PowerShares Aerospace & Defense Portfolio (NYSEArca: PPA). Those outflows amounted to 45 percent of PPA’s assets, and appeared to be a reversal of $78 million in creations on Thursday, June 23 that came to 70 percent of the ETF’s assets. It ended Friday a $102.9 million fund.

Creations

After the iShares Gold Trust, the futures-based United States Oil Fund (NYSEArca: USO) was second on the creations list, adding $60.8 million in assets, a 5 percent jump that brought assets to $1.41 billion.

The double-exposure ProShares Ultra DJ-UBS Crude Oil ETF (NYSEArca: UCO) meanwhile recorded a $33.2 million jump in assets that lifted total money in the fund to $358.7 million.

Also, the PowerShares QQQ Trust (NasdaqGM: QQQ) of Nasdaq’s 100 biggest nonfinancial companies added $54.4 million. It ended Friday a nearly $22 billion ETF.

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
IAU iShares Gold Trust 81.35 7,034.86 1%
USO United States Oil 60.80 1,412.67 5%
QQQ PowerShares QQQ 54.38 21,956.85 0%
UNG United States Natural Gas 37.47 1,772.71 2%
VNQ Vanguard REIT 35.12 9,143.15 0%
UUP PowerShares DB US Dollar Index Bullish 34.63 1,108.30 3%
ERX Direxion Daily Energy Bull 3x 33.90 397.53 9%
UCO ProShares Ultra DJ-UBS Crude Oil 33.15 358.74 10%
VIG Vanguard Dividend Appreciation 32.39 6,414.88 1%
AGG iShares Barclays Aggregate Bond 32.29 11,893.49 0%


Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 -1,438.82 90,244.00 -2%
XLE Energy Select SPDR -450.26 8,276.53 -5%
IWM iShares Russell 2000 -199.63 15,994.64 -1%
XLB Materials Select SPDR -127.50 2,663.48 -5%
GDX Market Vectors Gold Miners -123.49 6,455.64 -2%
XLP Consumer Staples Select SPDR -113.28 4,265.34 -3%
IWR iShares Russell Midcap -100.13 6,814.33 -1%
PPA PowerShares Aerospace & Defense Portfolio -85.29 102.93 -45%
XME SPDR S&P Metals and Mining -74.97 932.27 -7%
SDS ProShares UltraShort S&P 500 -60.45 2,208.21 -3%


ETF Daily Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -2,705.90 473,399.91 -0.57%
International Equity -154.41 281,941.62 -0.05%
U.S. Fixed Income 41.87 147,606.30 0.03%
International Fixed Income 30.43 10,677.00 0.28%
Commodities 196.68 105,180.26 0.19%
Currency 0.07 5,696.43 0.00%
Leveraged 58.86 12,680.50 0.46%
Inverse -24.73 23,115.89 -0.11%
Asset Allocation 9.37 889.03 1.05%
Alternatives 27.54 3,647.19 0.76%
Total: -2,520.23 1,064,834.13 -0.24%


Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)		 1-Day Volume % of Average
TOK iShares MSCI Kokusai 18,903 477,490 2526%
FVL First Trust Value Line 100 170,021 1,597,633 940%
FRN Guggenheim Frontier Markets 71,779 590,427 823%
DEW WisdomTree Global Equity Income 8,573 57,550 671%
PSK SPDR Wells Fargo Preferred Stock 22,057 115,996 526%
EMLC Market Vectors Emerging Markets Local Currency Bond 175,371 920,652 525%
MLN Market Vectors Long Municipal 22,850 107,863 472%
PGF PowerShares Financial Preferred Portfolio 534,831 2,495,364 467%
DOO WisdomTree International Dividend ex-Financials 47,916 221,070 461%
BAB PowerShares Build America Bond Portfolio 149,830 534,774 357%


Top 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 4.17% 29,187,955 1,201.15
VIXY ProShares VIX Short-Term 4.12% 538,189 43.98
CHOC iPath Pure Beta Cocoa ETN 3.43% 1,500 6.07
VIIX VelocityShares VIX Short Term ETN 3.26% 36,340 7.99
WXSP Guggenheim Wilshire 4500 Completion 2.74% 3,300 6.12
BHH B2B Internet HOLDRS 2.59% 120,000 16.81
FYT First Trust Small Cap Value AlphaDEX 2.50% 1,535 1.96
VXZ iPath S&P 500 VIX Mid-Term Futures ETN 2.44% 524,522 813.77
VIXM ProShares VIX Mid-term 2.44% 30,640 14.80
SCIN EGShares Indxx India Small Cap 2.38% 128,099 34.27

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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
GRN iPath Global Carbon ETN -5.74% 1,355 2.48
FEP First Trust Europe AlphaDex -4.41% 20,200 2.75
EEH ELEMENTS Linked to SPECTRUM Large Cap U.S. Momentum ETN -4.13% 3,600 0.00
SIL Global X Silver Miners -3.53% 459,743 398.29
EWI iShares MSCI Italy -3.26% 492,802 132.47
GDXJ Market Vectors Junior Gold Miners -3.23% 2,532,520 1,966.28
EIRL iShares MSCI Ireland Capped Investable Market -3.05% 1,156 4.25
DBS PowerShares DB Silver -3.03% 71,120 157.61
EWP iShares MSCI Spain -2.97% 178,236 203.95
SLV iShares Silver -2.94% 36,427,915 10,740.39

Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.