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Many of last week’s most popular ETFs were focused on debt markets, as investor worries about slowing economic growth led them to the relative safety of the bond markets.
While the SPDR S&P 500 ETF (NYSEArca: SPY) was the single most popular fund in the trading day ended May 3, the No. 2 fund on IndexUniverse’s “Top 10 Weekly Creations” list was the iShares Barclays 1-3 Year Treasury Bond Fund (NYSEArca: SHY). SPY hauled in $928.7 million while SHY added $599.4 million.
Five other debt funds populated the top 10 list. Those ETFs are their inflows were:
- iShares Barclays 3-7 Year Treasury Bond Fund (NYSEArca: IEI), $599.0 million
- ProShares Ultra 7-10 Year Treasury ETF (NYSEArca: UST), $463.3 million
- SPDR Barclays Capital High Yield Bond ETF (NYSEArca: JNK), $292.4 million
- iShares Barclays 1-3 Year Credit Bond Fund (NYSEArca: CSJ), $230.4 million
- iShares Barclays 7-10 Year Treasury Bond Fund (NYSEArca: $168.6 million
Those flows into the bond market continued on Friday after the U.S. government reported that the economy generated just 115,000 new non-farm jobs in April – well below expectations of 168,000 among economists. The jobs number fueled views the economy is slowing, which could hurt corporate profits and stock-market performance.
Total inflows into U.S. bond funds were $2.87 billion, according to data compiled by IndexUniverse.
In a sign investors were bracing for volatility, the iPath S&P 500 VIX Short-Term Futures ETN (NYSEArca: VXX) pulled in $179.3 million in new investments – a more than 10 jump in assets. VXX and products like it are designed to gain in value when the stock market sells off sharply.
Redemptions
The least popular ETF during the week of trade was the iShares Russell 2000 Index Fund (NYSEArca: IWM). Investors pulled $931.5 million out of the popular small-cap equities fund.
They also yanked $436.7 million out of the iShares S&P 500 Index Fund (NYSEArca: IVV) and $417.7 million out of SPDR Gold Shares (NYSEArca: GLD), the physical bullion ETF.
Top 10 Creations (All ETFs)
| SPY |
SPDR S&P 500 |
928.72 |
102,974.74 |
0.91% |
| SHY |
iShares Barclays 1-3 Year Treasury Bond |
599.44 |
10,908.36 |
5.81% |
| IEI |
iShares Barclays 3-7 Year Treasury Bond |
599.01 |
2,922.25 |
25.78% |
| UST |
ProShares Ultra 7-10 Year Treasury |
463.29 |
479.44 |
2,867.95% |
| JNK |
SPDR Barclays Capital High Yield Bond |
292.37 |
12,179.98 |
2.46% |
| TZA |
Direxion Daily Small Cap Bear 3x |
241.19 |
915.23 |
35.78% |
| CSJ |
iShares Barclays 1-3 Year Credit Bond |
230.44 |
9,636.08 |
2.45% |
| VXX |
iPath S&P 500 VIX Short-Term Futures ETN |
179.26 |
1,941.89 |
10.17% |
| VNQ |
Vanguard REIT |
171.65 |
12,483.58 |
1.39% |
| IEF |
iShares Barclays 7-10 Year Treasury Bond |
168.62 |
4,725.06 |
3.70% |
Top 10 Redemptions (All ETFs)
| IWM |
iShares Russell 2000 |
-931.52 |
14,261.38 |
-6.13% |
| IVV |
iShares S&P 500 |
-436.72 |
29,565.59 |
-1.46% |
| GLD |
SPDR Gold |
-417.65 |
67,058.73 |
-0.62% |
| QQQ |
PowerShares QQQ |
-330.14 |
32,693.96 |
-1.00% |
| UWM |
ProShares Ultra Russell 2000 |
-229.15 |
182.69 |
-55.64% |
| SSO |
ProShares Ultra S&P 500 |
-224.00 |
1,316.70 |
-14.54% |
| XLF |
Financial Select SPDR |
-125.67 |
6,799.62 |
-1.81% |
| MDY |
SPDR S&P MidCap 400 |
-98.60 |
9,529.76 |
-1.02% |
| XLI |
Industrial Select SPDR |
-94.57 |
3,174.13 |
-2.89% |
| XLB |
Materials Select SPDR |
-74.99 |
1,991.23 |
-3.63% |
ETF Weekly Daily Flows By Asset Class
| U.S. Equity |
825.75 |
545,653.97 |
0.15% |
| International Equity |
462.97 |
285,609.28 |
0.16% |
| U.S. Fixed Income |
2,873.27 |
200,900.89 |
1.43% |
| International Fixed Income |
258.67 |
16,167.33 |
1.60% |
| Commodities |
-583.63 |
110,610.77 |
-0.53% |
| Currency |
-60.86 |
3,276.69 |
-1.86% |
| Leveraged |
-39.14 |
12,827.05 |
-0.31% |
| Inverse |
489.61 |
20,241.18 |
2.42% |
| Asset Allocation |
22.60 |
1,139.33 |
1.98% |
| Alternatives |
215.85 |
4,328.74 |
4.99% |
| Total: |
4,465.09 |
1,200,755.22 |
0.37% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| UST |
ProShares Ultra 7-10 Year Treasury |
182,069 |
5,231,578 |
574.68% |
| AOK |
iShares S&P Conservative Allocation |
70,629 |
1,558,542 |
441.33% |
| ACWV |
iShares MSCI All Country World Minimum Volatility |
14,468 |
318,346 |
440.07% |
| IEI |
iShares Barclays 3-7 Year Treasury Bond |
346,048 |
6,162,126 |
356.14% |
| IXG |
iShares S&P Global Financials |
59,680 |
1,048,975 |
351.53% |
| HYLD |
AdvisorShares Peritus High Yield |
35,476 |
575,605 |
324.50% |
| AOA |
iShares S&P Aggressive Allocation |
22,666 |
359,544 |
317.25% |
| PHO |
PowerShares Water Resources Portfolio |
285,982 |
4,336,338 |
303.26% |
| AOR |
iShares S&P Growth Allocation |
24,103 |
351,876 |
291.97% |
| CSMA |
Credit Suisse Merger Arbitrage Liquid ETN |
26,681 |
383,642 |
287.57% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| DCNG |
iPath Pure Beta Seasonal Natural Gas ETN |
11.36% |
4,965 |
2.17 |
| UNG |
United States Natural Gas |
9.85% |
72,317,531 |
860.45 |
| UNL |
United States 12 Month Natural Gas |
6.25% |
363,015 |
32.41 |
| NAGS |
Teucrium Natural Gas Fund |
5.73% |
20,131 |
1.69 |
| TSXV |
Global X S&P/TSX Venture 30 Canada |
5.18% |
15,820 |
2.62 |
| GERJ |
Market Vectors Germany Small-Cap |
4.69% |
1,800 |
3.12 |
| DBBR |
db-X MSCI Brazil Currency-Hedged Equity |
4.63% |
11,520 |
4.52 |
| CHIE |
Global X China Energy |
3.92% |
14,528 |
4.81 |
| SKOR |
IQ South Korea Small Cap |
3.71% |
7,482 |
7.50 |
| RWG |
Columbia Large-Cap Growth Strategy |
3.66% |
21,591 |
7.73 |
Bottom 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| GMMB |
Columbia Intermediate Municipal Bond Strategy |
-13.92% |
10,371 |
5.40 |
| VIIZ |
VelocityShares VIX Mid Term ETN |
-5.51% |
1,100 |
8.07 |
| SSDD |
ETRACS ISE SSD ETN |
-5.42% |
3,050 |
12.06 |
| SLVP |
iShares MSCI Global Silver Miners |
-5.39% |
2,060 |
4.15 |
| INXX |
EGShares India Infrastructure |
-5.30% |
43,138 |
53.74 |
| DBJP |
db-X MSCI Japan Currency-Hedged Equity |
-5.23% |
155,169 |
4.79 |
| GDX |
Market Vectors Gold Miners |
-5.12% |
56,166,821 |
7,792.67 |
| GAZ |
iPath Dow Jones-UBS Natural Gas Total Return ETN |
-5.01% |
1,198,720 |
33.29 |
| RING |
iShares MSCI Global Gold Miners |
-5.01% |
94,516 |
19.84 |
| JJN |
iPath Dow Jones-UBS Nickel Total Return ETN |
-4.86% |
5,748 |
7.38 |
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. |
