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The iShares MSCI Emerging Markets ETF (NYSEArca: EEM) was the most popular ETF in the week ended Thursday, gathering $1.48 billion in assets, and outshining yet again its Vanguard rival in the competition for investor dollars.
EEM now boasts $52.19 billion in assets, a growth in assets that has allowed the fund to slowly close in the gap with the larger, and much cheaper, $61.46 billion Vanguard FTSE Emerging Markets Fund (NYSEArca: VWO).
Truth be told, VWO was also popular, ranking among the top-10 creations for the week, as inflows of $316 million continued to demonstrate that investors' appetite for international equities is alive and well. In fact, investors poured some $3.85 billion into the asset class.
But what has been nothing short of a dramatic reversal in asset flows, as IU's Managing Editor Olly Ludwig pointed out in a recent blog, that started when Vanguard announced it would be switching VWO's benchmark to a FTSE index this year, continues to hold true.
Vanguard began transitioning VWO's portfolio to its new FTSE benchmark this week by changing the fund's name and linking it to a transitional index.
Perhaps unsurprisingly, another popular fund this week was the iShares MSCI Japan Index Fund (NYSEArca: EWJ), which gathered $354 million in what is a testament to investors' growing confidence in the Japanese economy.
Japan announced Friday a $116 billion stimulus plan that is expected to spur growth, job creation, and ultimately push an economy that has been plagued by deflation for 20-plus years out of its doldrums. EWJ invests in some of the largest Japanese companies like Toyota, Honda and Canon.
On the flip side, the SPDR S&P 500 ETF (NYSEArca: SPY) saw net outflows of $6.07 billion in the past five days, leading the charts in terms of redemptions. Altogether, investors pulled a net of $767 million out of U.S. equities funds.
A roster of fixed income strategies including ETFs that invest in Treasurys, TIPS and corporate bonds was also among the week's least popular funds.
Top 10 Creations (All ETFs)
| EEM |
iShares MSCI Emerging Markets |
1,479.91 |
52,193.44 |
2.92% |
| QQQ |
PowerShares QQQ |
482.92 |
33,311.36 |
1.47% |
| XLF |
Financial Select SPDR |
457.24 |
10,228.17 |
4.68% |
| MDY |
SPDR S&P MidCap 400 |
377.06 |
11,103.79 |
3.52% |
| RSP |
Guggenheim S&P 500 Equal Weight |
376.35 |
3,620.62 |
11.60% |
| EWJ |
iShares MSCI Japan |
345.13 |
5,586.49 |
6.58% |
| VWO |
Vanguard FTSE Emerging Markets |
316.01 |
61,460.25 |
0.52% |
| XLY |
Consumer Discretionary Select SPDR |
244.78 |
3,955.23 |
6.60% |
| XLB |
Materials Select SPDR |
244.14 |
2,990.06 |
8.89% |
| XLK |
Technology Select SPDR |
233.00 |
8,763.35 |
2.73% |
Top 10 Redemptions (All ETFs)
| SPY |
SPDR S&P 500 |
-6,079.11 |
127,946.61 |
-4.54% |
| GDX |
Market Vectors Gold Miners |
-448.76 |
8,763.79 |
-4.87% |
| UST |
ProShares Ultra 7-10 Year Treasury |
-323.53 |
25.13 |
-92.79% |
| LQD |
iShares iBoxx $ Investment Grade Corporate Bond |
-301.59 |
24,984.90 |
-1.19% |
| FAS |
Direxion Daily Financial Bull 3x |
-200.93 |
1,131.54 |
-15.08% |
| XRT |
SPDR S&P Retail |
-184.26 |
504.56 |
-26.75% |
| IYR |
iShares Dow Jones U.S. Real Estate |
-166.22 |
4,058.33 |
-3.93% |
| TIP |
iShares Barclays TIPS Bond |
-157.25 |
22,032.92 |
-0.71% |
| IEI |
iShares Barclays 3-7 Year Treasury Bond |
-147.42 |
2,041.63 |
-6.73% |
| SHV |
iShares Barclays Short Treasury Bond |
-143.30 |
2,447.11 |
-5.53% |
ETF Weekly Daily Flows By Asset Class
| Leveraged |
-326.99 |
14,184.64 |
-2.31% |
| Currency |
257.74 |
2,966.64 |
8.69% |
| U.S. Equity |
-767.45 |
636,425.07 |
-0.12% |
| International Equity |
3,852.60 |
348,525.04 |
1.11% |
| Asset Allocation |
27.91 |
2,510.94 |
1.11% |
| Commodities |
-97.39 |
118,338.90 |
-0.08% |
| Inverse |
-73.99 |
16,277.61 |
-0.45% |
| International Fixed Income |
478.73 |
26,477.26 |
1.81% |
| Alternatives |
68.56 |
3,208.20 |
2.14% |
|
- |
- |
0.00% |
| Total: |
3,204.55 |
1,395,127.68 |
0.23% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| GMM |
SPDR S&P Emerging Markets |
36,001 |
795,953 |
442.19% |
| CEW |
WisdomTree Dreyfus Emerging Currency |
157,891 |
3,352,147 |
424.62% |
| RYH |
Guggenheim S&P Equal Weight Health Care |
22,798 |
432,231 |
379.18% |
| FXB |
CurrencyShares British Pound Sterling Trust |
32,485 |
537,103 |
330.67% |
| SLYG |
SPDR S&P SmallCap 600 Growth |
5,385 |
82,348 |
305.84% |
| DBP |
PowerShares DB Precious Metals |
82,472 |
1,260,117 |
305.59% |
| GWX |
SPDR S&P International Small Cap |
167,526 |
2,526,403 |
301.61% |
| PPH |
Market Vectors Pharmaceutical |
93,656 |
1,405,720 |
300.19% |
| DFJ |
WisdomTree Japan SmallCap Dividend |
84,023 |
1,236,732 |
294.38% |
| BSJD |
Guggenheim BulletShares 2013 High Yield Corporate Bond |
66,562 |
943,410 |
283.47% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| VNM |
Market Vectors Vietnam |
9.63% |
3,170,295 |
334.68 |
| PWND |
PowerShares Global Wind Energy |
7.36% |
131,854 |
9.11 |
| KWT |
Market Vectors Solar Energy |
6.72% |
87,312 |
13.34 |
| FAN |
First Trust ISE Global Wind Energy |
5.61% |
97,237 |
21.03 |
| TAN |
Guggenheim Solar |
5.52% |
968,518 |
59.22 |
| CQQQ |
Guggenheim China Technology |
5.22% |
41,726 |
19.22 |
| XBI |
SPDR S&P Biotech |
4.39% |
1,295,577 |
725.95 |
| PBE |
PowerShares Dynamic Biotech & Genome |
4.34% |
50,219 |
133.58 |
| EWP |
iShares MSCI Spain |
4.32% |
2,140,518 |
253.83 |
| URA |
Global X Uranium |
4.04% |
1,556,051 |
143.17 |
Bottom 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| VIIX |
VelocityShares VIX Short Term ETN |
-7.06% |
1,348,610 |
14.71 |
| VXX |
iPath S&P 500 VIX Short-Term Futures ETN |
-7.06% |
128,576,927 |
978.49 |
| VIXY |
ProShares VIX Short-Term |
-7.02% |
4,857,484 |
140.09 |
| VIIZ |
VelocityShares VIX Mid Term ETN |
-2.95% |
49,000 |
4.62 |
| VXZ |
iPath S&P 500 VIX Mid-Term Futures ETN |
-2.95% |
1,939,016 |
68.15 |
| VIXM |
ProShares VIX Mid-term |
-2.95% |
434,564 |
29.21 |
| LD |
iPath Dow Jones-UBS Lead Total Return ETN |
-2.70% |
9,807 |
5.07 |
| LEDD |
iPath Pure Beta Lead ETN |
-2.69% |
6,000 |
0.86 |
| EIDO |
iShares MSCI Indonesia Investable Market |
-2.20% |
1,665,003 |
392.08 |
| COW |
iPath Dow Jones-UBS Livestock Total Return ETN |
-2.12% |
188,891 |
71.42 |
Top 10 YTD Performers
| KWT |
Market Vectors Solar Energy |
22.25 |
6.72 |
13.34 |
| TAN |
Guggenheim Solar |
21.99 |
5.52 |
59.22 |
| VNM |
Market Vectors Vietnam |
13.01 |
9.63 |
334.68 |
| PWND |
PowerShares Global Wind Energy |
10.57 |
7.36 |
9.11 |
| CHIM |
Global X China Materials |
9.50 |
2.65 |
2.90 |
| CQQQ |
Guggenheim China Technology |
9.38 |
5.22 |
19.22 |
| FAN |
First Trust ISE Global Wind Energy |
8.64 |
5.61 |
21.03 |
| XBI |
SPDR S&P Biotech |
8.54 |
4.39 |
725.95 |
| ECNS |
iShares MSCI China Small Cap |
8.37 |
4.00 |
23.85 |
| CHII |
Global X China Industrials |
8.05 |
3.10 |
5.32 |
Bottom 10 YTD Performers
| VXX |
iPath S&P 500 VIX Short-Term Futures ETN |
-15.80 |
-7.06 |
978.49 |
| VIIX |
VelocityShares VIX Short Term ETN |
-15.80 |
-7.06 |
14.71 |
| VIXY |
ProShares VIX Short-Term |
-15.69 |
-7.02 |
140.09 |
| VIXM |
ProShares VIX Mid-term |
-9.47 |
-2.95 |
29.21 |
| VXZ |
iPath S&P 500 VIX Mid-Term Futures ETN |
-9.46 |
-2.95 |
68.15 |
| VIIZ |
VelocityShares VIX Mid Term ETN |
-9.46 |
-2.95 |
4.62 |
| GRN |
iPath Global Carbon ETN |
-8.74 |
-5.08 |
0.86 |
| GAZ |
iPath Dow Jones-UBS Natural Gas Total Return ETN |
-6.22 |
-0.26 |
33.47 |
| XVZ |
iPath S&P Dynamic VIX ETN |
-5.63 |
0.07 |
201.55 |
| UNG |
United States Natural Gas |
-4.74 |
-0.17 |
1,142.99 |
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. |
