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Week Ending 1/18/08
Written by Matt Hougan   
Wednesday, 23 January 2008 12:32  |  Related ETFs: AGG / DBA / DIA / EEM / EFA / EWC / EWD / EWH / EWJ / EWM / EWP / EWW / FXI / IBB / IEV / ILF / IVV / IWB / IWD / IWF / IWM / IWN / IWS / IYT / MDY / MOO / OIH / OIL / PDP / QQQQ / RSP / RTH / SKF / SMH / SPY / UNG / XLB / XLF / XLI / XRT

In sum, across all 647 U.S. ETFs on the market, there was more than $12.8 billion in net creation activity last week.

Largest Net Creations

Three of the largest ETFs on the market topped the ETF creation list this week. The PowerShares QQQ Trust (QQQQ) posted the highest net creations, at $3.1 billion, followed by the S&P 500 SPDR (SPY) at $3.1 billion and the iShares Russell 2000 (IWM) at $2.3 billion. The Select Sector SPDR-Financials (XLF) also posted strong creations, at $2.0 billion.

Moving down the list, there was strong demand for overseas and Asian ETFs, with the iShares MSCI Emerging Markets (EEM), iShares FTSE/Xinhua China 25 (FXI), iShares Hong Kong (EWH) and iShares Malaysia (EWM) ETFs all posting strong demand. Beyond that, two agricultural ETFs show up on the Top 20 list as well.

Although there's no way to be sure, much of the demand this week likely came from short demand. As much as I want to have faith in the contrarian bent of ETF investors, I'm guessing there wasn't a huge surge in long demand for the QQQQs.


Top 20 ETFs By Creation Activity - Week Ending January 18, 2008
Fund Ticker Creation Shares Dollar Value
PowerShares QQQ Trust QQQQ 68,900,000 $3,124,615,000
S&P 500 SPDR SPY 23,150,000 $3,065,523,000
iShares Russell 2000 IWM 33,950,000 $2,281,100,500
Select Sector SPDR-Financial XLF 80,600,000 $2,048,852,000
Select Sector SPDR-Materials XLB 13,850,000 $519,098,000
Retail HOLDRS RTH 4,477,000 $392,677,670
iShares MSCI-Emerging Markets EEM 2,400,000 $327,840,000
iShares FTSE/Xinhua China 25 FXI 1,850,000 $293,891,000
PowerShares DB Agriculture DBA 7,200,000 $264,024,000
DJIA DIAMONDS DIA 2,151,150 $260,052,524
Market Vectors-Agribusiness MOO 4,750,000 $237,785,000
Select Sector SPDR-Industrial XLI 6,750,000 $235,035,000
Oil Services HOLDRS OIH 1,240,800 $201,183,312
iShares MSCI-Hong Kong EWH 7,950,000 $161,544,000
iShares MSCI-Malaysia EWM 12,150,000 $158,679,000
iShares Lehman Aggregate Bond AGG 1,300,000 $133,718,000
S&P 400 MidCap SPDR MDY 950,000 $130,511,000
SPDR S&P Retail XRT 4,350,000 $129,325,500
iShares Nasdaq Biotech IBB 1,500,000 $121,425,000
Semiconductor HOLDRS SMH 4,250,000 $118,915,000


Largest Net Redemptions

The most interesting fund to show up on the redemptions list this week is the streetTRACKS Gold Trust (GLD), with total redemptions of $340 million. Beyond that and the iShares S&P 500 ETF (IVV)—the leader in redemptions at $1.2 billion—it's mostly a smattering of funds with relatively small amounts of redemptions.

Top 20 ETFs By Redemption Activity - Week Ending January 18, 2008
Fund Ticker Creation Shares Dollar Value
iShares S&P 500 IVV (9,150,000) ($1,213,747,500)
streetTRACKS Gold Trust GLD (3,900,000) ($340,158,000)
iShares Russell 1000 Growth IWF (5,050,000) ($277,245,000)
iShares Russell 1000 Value IWD (3,500,000) ($253,540,000)
iShares MSCI-Japan EWJ (16,200,000) ($205,902,000)
iShares S&P Europe 350 Index IEV (1,850,000) ($192,714,500)
PowerShares DWA Technical Leaders PDP (5,600,000) ($134,120,000)
iShares MSCI-Mexico EWW (2,000,000) ($100,900,000)
iShares Russell MidCap Value IWS (700,000) ($87,864,000)
UltraShort Financials ProShares SKF (675,000) ($86,926,500)
iShares MSCI-EAFE EFA (1,200,000) ($86,376,000)
iShares MSCI-Canada EWC (3,000,000) ($85,860,000)
Rydex S&P Equal Weight RSP (1,850,000) ($78,144,000)
iShares DJ US Transportation IYT (950,000) ($71,126,500)
iShares MSCI-Spain EWP (1,200,000) ($69,492,000)
iShares S&P Latin America 40 ILF (300,000) ($66,207,000)
iShares MSCI-Sweden EWD (2,325,000) ($63,519,000)
United States Natural Gas UNG (1,600,000) ($61,344,000)
iShares Russell 2000 Value IWN (950,000) ($59,536,500)
iShares Russell 1000 IWB (750,000) ($53,947,500)
More on this topic (What's this?)
The Top 20 ETFs to Buy and To Sell Out of 776 ETFs (Shocked Investor, 10/19/09)
Actively Managed ETF: Terrible Performance Versus Passive ETF (Shocked Investor, 11/20/09)
Emerging Market ETFs… Five Ways to Play (Investment U, 10/21/09)
A watershed event this week for ETFs (Canadian Business Blog, 11/5/09)
Read more on Barclays, Exchange Traded Fund (ETF) at Wikinvest