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In sum, across all 652 U.S. ETFs on the market, there was a net $4.7 billion in redemption activity last week. All told, there were 160 ETFs with net creation activity and 105 ETFs with net redemption activity.
These numbers do not include ETFs listed in the past week.
Largest Net Creations
For the second week running, net creation activity in the ETF space was low last week. The iShares Dow Jones US Transportation ETF (IYT) led all ETFs with nearly $350 million in creation activity, more than tripling the amount of assets on that fund. The iShares FTSE/Xinhua China 25 ETF (FXI) reversed a few weeks of net redemptions by adding $231 million in assets, while the PowerShares DB Agriculture ETF (DBA) scored an additional $167 billion.
Scanning down the list, five UltraShort ProShares ETFs make the list, suggesting that investors are still aggressively betting against the market.
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Top 20 ETFs By Creation Activity - Week Ending February 8, 2008
|
|
Fund
|
Ticker
|
Creation Shares
|
Dollar Value
|
|
iShares DJ US Transportation
|
IYT
|
4,100,000
|
$349,197,000
|
|
iShares FTSE/Xinhua China 25
|
FXI
|
1,600,000
|
$230,976,000
|
|
PowerShares DB Agriculture
|
DBA
|
4,400,000
|
$166,980,000
|
|
ProShares UltraShort S&P 500
|
SDS
|
2,550,000
|
$163,863,000
|
|
Semiconductor HOLDRS
|
SMH
|
5,615,801
|
$158,477,904
|
|
iShares Russell 1000 Growth
|
IWF
|
2,800,000
|
$153,104,000
|
|
iShares MSCI-Emerging Markets
|
EEM
|
1,050,000
|
$139,051,500
|
|
iShares Russell 1000
|
IWB
|
1,800,000
|
$131,364,000
|
|
ProShares UltraShort Real Estate
|
SRS
|
1,200,000
|
$127,104,000
|
|
ProShares UltraShort Financials
|
SKF
|
1,125,000
|
$117,348,750
|
|
ProShares UltraShort Russell 2000
|
TWM
|
1,275,000
|
$104,269,500
|
|
ProShares UltraShort QQQ
|
QID
|
1,950,000
|
$103,135,500
|
|
iShares S&P Global Utilities Sector Index
|
JXI
|
1,500,000
|
$94,695,000
|
|
iShares MSCI-EMU
|
EZU
|
900,000
|
$91,179,000
|
|
iShares MSCI-Italy
|
EWI
|
2,850,000
|
$81,567,000
|
|
iShares S&P Global Consumer Staples Sector
|
KXI
|
1,400,000
|
$80,136,000
|
|
iShares Lehman Aggregate Bond
|
AGG
|
700,000
|
$71,442,000
|
|
iShares Dow Jones U.S. Regional Banks
|
IAT
|
1,800,000
|
$70,848,000
|
|
Vanguard Total Bond Market
|
BND
|
800,000
|
$61,912,000
|
|
PowerShares DB Commodity Index
|
DBC
|
1,800,000
|
$58,140,000
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Largest Net Redemptions
On the flip side, there were heavy redemptions again in the S&P 500 SPDR ($2.9 billion) and iShares Russell 2000 ($1.5 billion) ETFs. The Select Sector SPDRs also saw heavy redemptions last week, with the Financials, Energy, Materials and Industrials ETFs all making the list.
Energy funds are highlighted this week on the redemption end, with large redemptions in the Select Sector SPDR - Energy ETF (XLE), the U.S. Oil Fund (USO) and the Oil Services HOLDRS (OIH) funds.
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Top 20 ETFs By Redemption Activity - Week Ending February 8, 2008
|
|
Fund
|
Ticker
|
Creation Shares
|
Dollar Value
|
|
S&P 500 SPDR
|
SPY
|
(21,424,120)
|
($2,865,476,050)
|
|
iShares Russell 2000
|
IWM
|
(22,100,000)
|
($1,547,000,000)
|
|
Select Sector SPDR-Financial
|
XLF
|
(19,550,000)
|
($540,753,000)
|
|
S&P 400 MidCap SPDR
|
MDY
|
(3,099,000)
|
($446,410,950)
|
|
Select Sector SPDR-Energy
|
XLE
|
(5,800,000)
|
($397,358,000)
|
|
United States Oil Fund
|
USO
|
(4,500,000)
|
($314,640,000)
|
|
PowerShares QQQ
|
QQQQ
|
(6,250,000)
|
($272,625,000)
|
|
Select Sector SPDR-Materials
|
XLB
|
(6,350,000)
|
($247,142,000)
|
|
iShares DJ US Real Estate
|
IYR
|
(3,050,000)
|
($199,561,500)
|
|
iShares S&P 100
|
OEF
|
(3,200,000)
|
($198,720,000)
|
|
Select Sector SPDR-Industrial
|
XLI
|
(5,050,000)
|
($183,870,500)
|
|
iShares Dow Jones U.S. Broker-Dealers
|
IAI
|
(3,700,000)
|
($166,870,000)
|
|
iShares Russell 1000 Value
|
IWD
|
(1,950,000)
|
($146,230,500)
|
|
Oil Services HOLDRS
|
OIH
|
(798,000)
|
($127,185,240)
|
|
iShares MSCI-EAFE
|
EFA
|
(1,800,000)
|
($123,984,000)
|
|
iShares Lehman 20+ Year Treasury Bond
|
TLT
|
(1,300,000)
|
($120,588,000)
|
|
KBW Regional Banking
|
KRE
|
(2,300,000)
|
($86,549,000)
|
|
iShares Lehman 1-3 Year Treasury Bond
|
SHY
|
(900,000)
|
($75,186,000)
|
|
iShares Russell 2000 Growth
|
IWO
|
(1,000,000)
|
($74,650,000)
|
|
ProShares Ultra S&P500
|
SSO
|
(825,000)
|
($56,413,500)
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Data from the American Stock Exchange.
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