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Weekly ETF Fund Flows

Weekly ETF Fund Flows: SPY Bleeds $3B
By Cinthia Murphy | August 10, 2012

Related ETFs: UST / SPY / VWO

 

The SPDR S&P 500 ETF (NYSEArca: SPY), the world’s largest ETF, with more than $107 billion in assets, bled nearly $3 billion in the week ended Thursday, Aug. 9, as investors trimmed exposure to U.S. equities and loaded up assets into international equity funds instead.

U.S. equity ETF outflows netted $1.42 billion in the past Thursday-to-Thursday period, despite the fact that the Dow Jones industrial average performed relatively well in the same period, tagging on gains of 2.2 percent.

Investors are said to be turning cautious as the market whipsaws back and forth between hopes that the government will step in and stimulate the economy while getting little to go on other than largely disappointing economic indicators. The European debt crisis continues to unravel and China’s growth is still showing signs of slowing down.

Still, net outflows were not enough to offset inflows and positive market action that helped push total U.S.-listed ETF assets Thursday to a new weekly record of $1.226 trillion.

International equities were the biggest beneficiaries this week of U.S. investor jitters over the U.S. economy. Some $1.42 billion in net assets landed in funds like the Vanguard MSCI Emerging Markets ETF (NYSEArca: VWO), which ranked among the week’s most popular ETFs. VWO attracted $335 million this past week.

Fixed-income strategies were also popular with investors, despite the currently low Treasury yield levels and an environment of ultra-low interest rates. Fixed-income ETFs netted some $790 million.

The ProShares Ultra 7-10 Year Treasury ETF (NYSEArca: UST) saw its assets grow exponentially this week, gathering more than $442 million, putting its total assets at $533 million.

Top 10 Creations (All ETFs)

 

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
IWM iShares Russell 2000 652.47 15,607.38 4.36%
UST ProShares Ultra 7-10 Year Treasury 442.43 533.93 483.57%
XLE Energy Select SPDR 363.04 7,479.83 5.10%
VWO Vanguard MSCI Emerging Markets 335.83 54,486.01 0.62%
QQQ PowerShares QQQ 265.95 34,488.53 0.78%
TZA Direxion Daily Small Cap Bear 3x 240.20 956.24 33.55%
XLI Industrial Select SPDR 239.70 3,769.72 6.79%
LQD iShares iBoxx $ Investment Grade Corporate Bond 191.99 23,639.27 0.82%
SMH Market Vectors Semiconductor 170.80 428.41 66.30%
VXX iPath S&P 500 VIX Short-Term Futures ETN 169.51 1,565.14 12.15%


Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 -2,967.30 107,238.04 -2.69%
DIA SPDR Dow Jones Industrial Average Trust -392.95 11,934.12 -3.19%
IWF iShares Russell 1000 Growth -217.53 15,768.95 -1.36%
SHY iShares Barclays 1-3 Year Treasury Bond -202.71 8,989.67 -2.21%
XLP Consumer Staples Select SPDR -176.70 6,046.95 -2.84%
VPU Vanguard Utilities -167.35 1,193.96 -12.29%
UNG United States Natural Gas -97.32 1,182.20 -7.61%
BND Vanguard Total Bond Market -92.96 17,431.98 -0.53%
VGK Vanguard European -88.65 2,647.16 -3.24%
USO United States Oil -88.05 1,223.59 -6.71%


ETF Weekly Daily Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -1,420.41 565,390.60 -0.25%
International Equity 1,425.38 277,615.40 0.51%
U.S. Fixed Income 666.59 215,549.80 0.31%
International Fixed Income 123.19 19,325.78 0.64%
Commodities 11.94 107,789.14 0.01%
Currency -47.68 2,897.21 -1.65%
Leveraged 135.13 12,451.55 1.09%
Inverse 516.78 19,683.81 2.63%
Asset Allocation 14.61 2,042.33 0.72%
Alternatives 130.28 3,951.51 3.30%
Total: 1,555.80 1,226,697.13 0.13%


Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)		 1 Week Average
Volume		 % of Average
KBWB PowerShares KBW Bank Portfolio 193,444 4,361,847 450.97%
TOK iShares MSCI Kokusai 12,572 256,958 408.76%
ZROZ PIMCO 25+ Year Zero Coupon U.S. Treasury 46,352 804,536 347.14%
NY iShares NYSE 100 1,647 26,051 316.35%
IDU iShares Dow Jones U.S. Utilities 51,431 706,550 274.76%
WPS iShares S&P Developed Ex-US. Property 36,243 496,412 273.94%
KIE SPDR S&P Insurance 35,482 477,021 268.88%
EPHE iShares MSCI Philippines Investable Market 112,001 1,412,892 252.30%
PSCD PowerShares S&P SmallCap Consumer Discretionary 6,766 84,175 248.83%
EWL iShares MSCI Switzerland 239,975 2,945,464 245.48%


Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
TAN Guggenheim Solar 13.11% 148,739 45.92
EWP iShares MSCI Spain 12.18% 2,175,736 184.50
PSCE PowerShares S&P SmallCap Energy 11.12% 12,393 45.51
EWI iShares MSCI Italy 11.01% 4,700,152 163.11
KWT Market Vectors Solar Energy 10.89% 11,564 9.32
FRAK Market Vectors Unconventional Oil & Gas 9.91% 16,023 22.16
KOL Market Vectors Coal 9.67% 1,236,836 193.42
ARGT Global X FTSE Argentina 20 9.63% 21,255 3.05
PICK iShares MSCI Global Select Metals & Mining Producers 9.56% 18,269 4.07
IGN iShares S&P North American Technology-Multimedia Networking 9.47% 142,840 212.84

Bottom 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
VIIX VelocityShares VIX Short Term ETN -10.96% 1,295,892 23.73
VIXY ProShares VIX Short-Term -10.77% 4,167,781 128.66
VXX iPath S&P 500 VIX Short-Term Futures ETN -10.74% 165,701,593 1,565.14
VXCC ETRACS 3-Month S&P 500 VIX Futures ETN -7.89% 1,500 5.39
CVOL C-Tracks Exchange-Traded Notes on the Citi Volatility -6.64% 157,507 5.73
MOM QuantShares U.S. Market Neutral Momentum -5.80% 8,500 5.07
ZROZ PIMCO 25+ Year Zero Coupon U.S. Treasury -5.69% 804,536 142.65
EDV Vanguard Extended Duration Treasury -5.20% 119,828 216.78
BTAL QuantShares U.S. Market Neutral Anti-Beta -5.13% 74,317 28.90
VIXM ProShares VIX Mid-term -4.89% 107,625 96.60

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
ITB iShares Dow Jones U.S. Home Construction 46.33 6.51 977.11
JJG iPath Dow Jones UBS Grains Total Return ETN 39.97 3.02 184.85
EGPT Market Vectors Egypt 37.95 4.32 44.59
BBH Market Vectors Biotech 36.59 1.84 119.47
TUR iShares MSCI Turkey Investable Market 35.89 2.95 535.77
GRU ELEMENTS MLCX Grains - Total Return ETN 34.88 3.56 19.39
XHB SPDR S&P Homebuilders 32.11 6.96 1,378.72
WEET iPath Pure Beta Grains ETN 31.17 0.11 2.82
FBT First Trust NYSE Arca Biotechnology 30.99 1.40 246.16
TAO Guggenheim China Real Estate 29.85 3.99 20.25

Bottom 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
CVOL C-Tracks Exchange-Traded Notes on the Citi Volatility -74.45 -6.64 5.73
VIXY ProShares VIX Short-Term -67.28 -10.77 128.66
VXX iPath S&P 500 VIX Short-Term Futures ETN -67.27 -10.74 1,565.14
VIIX VelocityShares VIX Short Term ETN -67.27 -10.96 23.73
VXAA ETRACS 1-Month S&P 500 VIX Futures ETN -61.92 2.47 3.27
VXBB ETRACS 2-Month S&P 500 VIX Futures ETN -48.34 0.44 4.59
VXCC ETRACS 3-Month S&P 500 VIX Futures ETN -42.85 -7.89 5.39
VXDD ETRACS 4-Month S&P 500 VIX Futures ETN -35.23 0.00 5.97
VXZ iPath S&P 500 VIX Mid-Term Futures ETN -33.56 -4.59 178.44
VIXM ProShares VIX Mid-term -33.31 -4.89 96.60

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.