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Investors bailed out of stocks in the past week, as financial markets were again rocked by a fresh burst of anxiety about what effects Spain’s troubles and Europe’s ongoing debt crisis are having on global growth. That said, equity markets rallied on Thursday on hopes the eurozone’s crisis might be stemmed.
A total of $5.21 billion flowed out of the SPDR S&P 500 ETF (NYSEArca: SPY) in the five-day period ended Thursday, July 26, and another $1.33 billion from the PowerShares QQQ Trust (NasdaqGM: QQQ), easily swamping relatively modest net flows into bond funds.
Overall, investors yanked $8.04 billion out of the ETF market last week, and total U.S.-listed ETF assets dropped about 1.5 percent to just under $1.185 trillion at the end of the period, according to data compiled by IndexUniverse. Assets were also pulled lower by a decline in stock markets.
The Dow Jones industrial average fell a bit less than 0.5 percent in the five-day period to 12,887.93—with the index’s sharp losses earlier in the week nearly all erased by the rally on Thursday fueled by comments from European Central Bank President Mario Draghi that the ECB would preserve the eurozone. Exactly how wasn’t yet clear—not an unusual EU disconnect between talk and action.
The past week’s most popular fund was the SPDR Barclays Capital High Yield Bond ETF (NYSEArca: JNK), which gathered $162.0 million in fresh assets—the leading edge of net inflows into fixed-income funds totaling about $181 million.
U.S. equity funds suffered net outflows of $7.68 billion, while futures-based commodities strategies had outflows of $568.7 million.
Top 10 Creations (All ETFs)
| JNK |
SPDR Barclays Capital High Yield Bond |
161.99 |
11,182.51 |
1.47% |
| DVY |
iShares Dow Jones Select Dividend |
131.46 |
10,852.45 |
1.23% |
| BOND |
PIMCO Total Return |
128.83 |
2,213.39 |
6.18% |
| XLP |
Consumer Staples Select SPDR |
109.90 |
6,049.86 |
1.85% |
| TLT |
iShares Barclays 20+ Year Treasury Bond |
105.20 |
3,768.02 |
2.87% |
| PFF |
iShares S&P U.S. Preferred Stock |
102.09 |
9,503.47 |
1.09% |
| DIA |
SPDR Dow Jones Industrial Average Trust |
100.45 |
11,578.24 |
0.88% |
| HYG |
iShares iBoxx $ High Yield Corporate Bond |
99.80 |
15,581.48 |
0.64% |
| EWQ |
iShares MSCI France |
97.92 |
389.64 |
33.56% |
| VGK |
Vanguard European |
79.65 |
2,500.52 |
3.29% |
Top 10 Redemptions (All ETFs)
| SPY |
SPDR S&P 500 |
-5,209.72 |
102,346.62 |
-4.84% |
| QQQ |
PowerShares QQQ |
-1,327.08 |
31,856.64 |
-4.00% |
| IWM |
iShares Russell 2000 |
-497.80 |
14,974.93 |
-3.22% |
| XLI |
Industrial Select SPDR |
-478.33 |
3,177.08 |
-13.09% |
| XLE |
Energy Select SPDR |
-299.70 |
6,990.25 |
-4.11% |
| SHY |
iShares Barclays 1-3 Year Treasury Bond |
-287.37 |
9,270.75 |
-3.01% |
| IEI |
iShares Barclays 3-7 Year Treasury Bond |
-272.40 |
2,067.13 |
-11.64% |
| GLD |
SPDR Gold |
-231.05 |
65,134.25 |
-0.35% |
| OIH |
Market Vectors Oil Services |
-213.33 |
1,112.93 |
-16.09% |
| IEF |
iShares Barclays 7-10 Year Treasury Bond |
-197.19 |
4,668.53 |
-4.05% |
ETF Weekly Daily Flows By Asset Class
| U.S. Equity |
-7,680.43 |
544,588.09 |
-1.41% |
| International Equity |
252.49 |
260,685.07 |
0.10% |
| U.S. Fixed Income |
10.60 |
213,414.77 |
0.00% |
| International Fixed Income |
170.97 |
18,757.06 |
0.91% |
| Commodities |
-568.68 |
106,932.34 |
-0.53% |
| Currency |
-30.10 |
2,946.62 |
-1.02% |
| Leveraged |
-114.68 |
12,371.57 |
-0.93% |
| Inverse |
-128.49 |
19,082.72 |
-0.67% |
| Asset Allocation |
30.51 |
1,962.40 |
1.55% |
| Alternatives |
22.02 |
4,031.00 |
0.55% |
| Total: |
-8,035.80 |
1,184,771.65 |
-0.68% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| VONE |
Vanguard Russell 1000 |
41,112 |
853,353 |
415.13% |
| PBJ |
PowerShares Dynamic Food & Beverage Portfolio |
85,842 |
1,691,171 |
394.02% |
| IGN |
iShares S&P North American Technology-Multimedia Networking |
50,558 |
669,053 |
264.67% |
| SPYG |
SPDR S&P 500 Growth |
10,514 |
132,763 |
252.55% |
| MLPN |
Credit Suisse Cushing 30 MLP ETN |
105,105 |
1,297,805 |
246.96% |
| EFAV |
iShares MSCI EAFE Minimum Volatility |
16,008 |
197,127 |
246.29% |
| LVOL |
Russell 1000 Low Volatility |
9,130 |
111,352 |
243.93% |
| RWL |
RevenueShares Large Cap |
18,426 |
222,343 |
241.34% |
| TYO |
Direxion Daily 7-10 Year Treasury Bear 3x |
8,386 |
100,773 |
240.34% |
| DBP |
PowerShares DB Precious Metals |
35,358 |
408,825 |
231.25% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| QQQM |
Global X NASDAQ 400 Mid Cap |
14.10% |
1,100 |
1.32 |
| CVOL |
C-Tracks Exchange-Traded Notes on the Citi Volatility |
8.37% |
140,137 |
6.02 |
| VIXY |
ProShares VIX Short-Term |
6.79% |
5,659,539 |
133.00 |
| VIIX |
VelocityShares VIX Short Term ETN |
6.71% |
2,374,504 |
32.73 |
| VXX |
iPath S&P 500 VIX Short-Term Futures ETN |
6.37% |
241,753,497 |
1,640.13 |
| DCNG |
iPath Pure Beta Seasonal Natural Gas ETN |
4.04% |
1,600 |
2.37 |
| GDXJ |
Market Vectors Junior Gold Miners |
3.67% |
11,651,823 |
2,124.89 |
| CHOC |
iPath Pure Beta Cocoa ETN |
3.54% |
1,200 |
3.17 |
| ZROZ |
PIMCO 25+ Year Zero Coupon U.S. Treasury |
3.32% |
89,722 |
183.48 |
| RING |
iShares MSCI Global Gold Miners |
3.19% |
20,751 |
29.34 |
Bottom 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| TAGS |
Teucrium Agricultural |
-9.50% |
8,360 |
5.41 |
| JO |
iPath Dow Jones-UBS Coffee Total Return ETN |
-8.59% |
89,495 |
27.07 |
| GRN |
iPath Global Carbon ETN |
-8.28% |
2,758 |
1.19 |
| GREK |
Global X FTSE Greece 20 |
-8.01% |
92,555 |
6.88 |
| CAFE |
iPath Pure Beta Coffee ETN |
-7.68% |
93,728 |
1.61 |
| JJT |
iPath Dow Jones-UBS Tin Total Return ETN |
-7.64% |
20,174 |
8.90 |
| SLX |
Market Vectors Steel |
-7.23% |
256,310 |
108.60 |
| IDXJ |
Market Vectors Indonesia Small Cap |
-6.94% |
21,760 |
4.15 |
| SCIF |
Market Vectors India Small-Cap |
-6.66% |
166,099 |
39.34 |
| PSTL |
PowerShares Global Steel Portfolio |
-6.66% |
1,271 |
2.48 |
Top 10 YTD Performers
| ITB |
iShares Dow Jones U.S. Home Construction |
41.19 |
0.90 |
824.45 |
| XBI |
SPDR S&P Biotech |
37.77 |
-1.13 |
713.78 |
| FBT |
First Trust NYSE Arca Biotechnology |
35.76 |
-2.55 |
257.11 |
| BBH |
Market Vectors Biotech |
35.55 |
0.35 |
113.32 |
| JJG |
iPath Dow Jones UBS Grains Total Return ETN |
34.67 |
-4.70 |
179.32 |
| TUR |
iShares MSCI Turkey Investable Market |
32.59 |
1.67 |
483.85 |
| EGPT |
Market Vectors Egypt |
29.92 |
-2.23 |
43.30 |
| GRU |
ELEMENTS MLCX Grains - Total Return ETN |
29.44 |
-3.01 |
18.61 |
| IBB |
iShares NASDAQ Biotechnology |
29.21 |
0.37 |
2,107.12 |
| WEET |
iPath Pure Beta Grains ETN |
28.59 |
-2.42 |
2.70 |
Bottom 10 YTD Performers
| CVOL |
C-Tracks Exchange-Traded Notes on the Citi Volatility |
-71.74 |
8.37 |
6.02 |
| VXAA |
ETRACS 1-Month S&P 500 VIX Futures ETN |
-62.84 |
-2.92 |
3.19 |
| VXX |
iPath S&P 500 VIX Short-Term Futures ETN |
-62.43 |
6.37 |
1,640.13 |
| VIXY |
ProShares VIX Short-Term |
-62.43 |
6.79 |
133.00 |
| VIIX |
VelocityShares VIX Short Term ETN |
-62.27 |
6.71 |
32.73 |
| VXBB |
ETRACS 2-Month S&P 500 VIX Futures ETN |
-48.56 |
0.00 |
4.57 |
| VXCC |
ETRACS 3-Month S&P 500 VIX Futures ETN |
-38.35 |
3.07 |
5.81 |
| KWT |
Market Vectors Solar Energy |
-38.07 |
-5.54 |
8.56 |
| TAN |
Guggenheim Solar |
-35.79 |
-5.43 |
42.16 |
| VXDD |
ETRACS 4-Month S&P 500 VIX Futures ETN |
-35.22 |
-3.29 |
5.98 |
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. |
