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Investors continued pouring money into the iShares MSCI Emerging Markets Index Fund (NYSEArca: EEM) in the past week, in an ongoing aftermath to Vanguard Group’s announcement in early October that sometime next year its giant emerging markets fund that competes with EEM would stop using the same index as the iShares fund.
More than $2 billion flowed into EEM in the past week ended Thursday, Dec. 13, with the month-to-date total now at $3 billion and the grand total since the eve of Vanguard’s Oct. 2 announcement at $6.62 billion, according to data compiled by IndexUniverse. EEM was also the single most popular ETF in all of November.
Some ETF industry sources have argued that the positive flows for EEM relative to VWO—essentially a reversal of a broad pattern of the past few years—might be related to the fact that institutions still largely favor MSCI benchmarks. That would mean VWO, which next year will stop using the MSCI Emerging Markets Index that EEM uses, could be falling out of favor among such large investors who are preparing for the change.
Overall, investors plowed $11.3 billion into ETFs in the five days ended Thursday, Dec. 13, with $7.35 billion of that in U.S. equities and $3.9 billion of that in international equity. Total U.S-listed ETF assets rose 1.3 percent to more than $1.333 trillion—just shy of the all-time record of $1.338 trillion set on Dec. 12.
The asset gains were helped by the Dow Jones industrial average’s gain of 96 points, or 0.73 percent, in the same five-day period ended Thursday.
The most popular fund last week was, as it often is, the SPDR S&P 500 ETF (NYSEArca: SPY). It pulled in $4.78 billion in fresh money. SPY is the oldest U.S.-listed ETF and the biggest, with more than $117 billion in assets.
On the flip side, last week’s least popular fund was the Technology Select Sector SPDR (NYSEArca: XLK). The $8.4 billion ETF suffered redemptions of $662.3 million.
A number of bond funds also populated the biggest-redemptions list. The funds and their outflows were as follows:
- iShares Barclays TIPS Bond Fund (NYSEArca: TIP), -$269.5 million
- iShares Barclays 20+ Year Treasury Bond Fund (NYSEArca: TLT), -$185.4 million
- iShares iBoxx $ High Yield Corporate Bond Fund (NYSEArca: HYG), -$140.1 million
Top 10 Creations (All ETFs)
| SPY |
SPDR S&P 500 |
4,779.99 |
117,568.17 |
4.24% |
| EEM |
iShares MSCI Emerging Markets |
2,111.13 |
45,591.71 |
4.86% |
| IVV |
iShares Core S&P 500 |
1,211.84 |
34,277.33 |
3.66% |
| MDY |
SPDR S&P MidCap 400 |
557.12 |
10,344.75 |
5.69% |
| IWM |
iShares Russell 2000 |
410.28 |
16,397.60 |
2.57% |
| FXI |
iShares FTSE China 25 |
347.27 |
7,439.80 |
4.90% |
| IYJ |
iShares Dow Jones U.S. Industrial |
331.23 |
727.60 |
83.56% |
| RSP |
Guggenheim S&P 500 Equal Weight |
289.38 |
3,032.27 |
10.55% |
| XLY |
Consumer Discretionary Select SPDR |
250.81 |
4,062.77 |
6.58% |
| VEA |
Vanguard MSCI EAFE |
207.74 |
10,634.89 |
1.99% |
Top 10 Redemptions (All ETFs)
| XLK |
Technology Select SPDR |
-662.32 |
8,390.00 |
-7.32% |
| TIP |
iShares Barclays TIPS Bond |
-269.46 |
22,421.87 |
-1.19% |
| DVY |
iShares Dow Jones Select Dividend |
-266.29 |
10,487.90 |
-2.48% |
| XLF |
Financial Select SPDR |
-209.33 |
8,241.68 |
-2.48% |
| TLT |
iShares Barclays 20+ Year Treasury Bond |
-185.35 |
3,236.90 |
-5.42% |
| IYR |
iShares Dow Jones U.S. Real Estate |
-180.53 |
4,427.85 |
-3.92% |
| HYG |
iShares iBoxx $ High Yield Corporate Bond |
-140.09 |
16,328.07 |
-0.85% |
| XRT |
SPDR S&P Retail |
-137.59 |
498.56 |
-21.63% |
| QQQ |
PowerShares QQQ |
-124.94 |
31,110.42 |
-0.40% |
| EWJ |
iShares MSCI Japan |
-123.19 |
4,438.37 |
-2.70% |
ETF Weekly Daily Flows By Asset Class
| Leveraged |
-101.94 |
13,514.41 |
-0.75% |
| Currency |
-61.00 |
2,786.74 |
-2.19% |
| U.S. Equity |
7,354.74 |
596,300.77 |
1.23% |
| International Equity |
3,899.38 |
323,089.30 |
1.21% |
| Asset Allocation |
25.65 |
2,375.27 |
1.08% |
| Commodities |
221.72 |
120,410.08 |
0.18% |
| Inverse |
-126.60 |
17,549.53 |
-0.72% |
| International Fixed Income |
403.69 |
25,636.47 |
1.57% |
| Alternatives |
-54.94 |
3,519.61 |
-1.56% |
|
- |
- |
0.00% |
| Total: |
11,304.45 |
1,333,593.77 |
0.85% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| GII |
SPDR FTSE/Macquarie Global Infrastructure 100 |
46,255 |
1,254,301 |
542.34% |
| EPS |
WisdomTree Earnings 500 |
5,994 |
129,561 |
432.30% |
| EXI |
iShares S&P Global Industrials |
31,477 |
609,708 |
387.39% |
| CSD |
Guggenheim Spin-Off |
32,529 |
593,525 |
364.92% |
| NFO |
Guggenheim Insider Sentiment |
25,143 |
455,604 |
362.42% |
| RYJ |
Guggenheim Raymond James SB-1 Equity |
31,515 |
514,196 |
326.32% |
| TMW |
SPDR Dow Jones Total Market |
5,487 |
87,830 |
320.16% |
| VSS |
Vanguard FTSE All-World ex-US Small Cap |
47,077 |
652,553 |
277.23% |
| EPU |
iShares MSCI All Peru Capped |
195,126 |
2,590,637 |
265.53% |
| IWW |
iShares Russell 3000 Value |
53,105 |
699,222 |
263.34% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| TAN |
Guggenheim Solar |
14.68% |
466,393 |
48.80 |
| KWT |
Market Vectors Solar Energy |
14.06% |
25,848 |
11.01 |
| JJT |
iPath Dow Jones-UBS Tin Total Return ETN |
5.37% |
10,149 |
6.33 |
| FAA |
Guggenheim Airline |
4.90% |
33,775 |
16.96 |
| PBW |
PowerShares WilderHill Clean Energy |
4.71% |
2,157,673 |
121.80 |
| PKOL |
PowerShares Global Coal |
4.53% |
5,936 |
10.86 |
| ARGT |
Global X FTSE Argentina 20 |
4.52% |
38,039 |
2.99 |
| LD |
iPath Dow Jones-UBS Lead Total Return ETN |
4.10% |
49,973 |
2.22 |
| BRAF |
Global X Brazil Financials |
4.07% |
3,238 |
3.91 |
| FGEM |
EGShares Financials GEMS |
4.01% |
7,500 |
5.41 |
Bottom 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| GRN |
iPath Global Carbon ETN |
-10.01% |
2,788 |
0.99 |
| UNG |
United States Natural Gas |
-8.43% |
49,430,852 |
1,160.10 |
| CVOL |
C-Tracks Citi Volatility ETN |
-6.64% |
111,412 |
4.35 |
| NAGS |
Teucrium Natural Gas |
-5.94% |
16,051 |
4.65 |
| UNL |
United States 12 Month Natural Gas |
-5.89% |
136,739 |
44.06 |
| DCNG |
iPath Pure Beta Seasonal Natural Gas ETN |
-5.88% |
55,128 |
49.13 |
| GAZ |
iPath Dow Jones-UBS Natural Gas Total Return ETN |
-5.65% |
598,631 |
36.32 |
| JO |
iPath Dow Jones-UBS Coffee Total Return ETN |
-5.50% |
765,605 |
66.35 |
| WEAT |
Teucrium Wheat |
-5.39% |
56,160 |
3.34 |
| CAFE |
iPath Pure Beta Coffee ETN |
-4.75% |
15,834 |
1.91 |
Top 10 YTD Performers
| ITB |
iShares Dow Jones U.S. Home Construction |
71.59 |
2.06 |
1,581.13 |
| TUR |
iShares MSCI Turkey Investable Market |
61.38 |
1.54 |
721.72 |
| TAO |
Guggenheim China Real Estate |
53.48 |
-1.14 |
78.83 |
| XHB |
SPDR S&P Homebuilders |
52.14 |
0.90 |
2,114.43 |
| INCO |
EGShares India Consumer |
51.80 |
-2.49 |
7.21 |
| BBH |
Market Vectors Biotech |
51.03 |
1.42 |
145.72 |
| EPHE |
iShares MSCI Philippines Investable Market |
45.35 |
-0.82 |
205.70 |
| IFAS |
iShares FTSE EPRA/NAREIT Developed Asia |
42.48 |
0.63 |
33.50 |
| FBT |
First Trust NYSE Arca Biotechnology |
40.75 |
1.46 |
239.04 |
| PKB |
PowerShares Dynamic Building & Construction |
40.26 |
1.45 |
62.09 |
Bottom 10 YTD Performers
| VXX |
iPath S&P 500 VIX Short-Term Futures ETN |
-78.80 |
-1.35 |
1,172.25 |
| VIIX |
VelocityShares VIX Short Term ETN |
-78.77 |
-1.39 |
12.30 |
| VIXY |
ProShares VIX Short-Term |
-78.70 |
-1.45 |
146.70 |
| CVOL |
C-Tracks Citi Volatility ETN |
-74.45 |
-6.64 |
4.35 |
| VXZ |
iPath S&P 500 VIX Mid-Term Futures ETN |
-53.73 |
-0.81 |
70.93 |
| VIXM |
ProShares VIX Mid-term |
-53.54 |
-1.31 |
90.14 |
| VIIZ |
VelocityShares VIX Mid Term ETN |
-51.96 |
-7.66 |
5.09 |
| JO |
iPath Dow Jones-UBS Coffee Total Return ETN |
-43.15 |
-5.50 |
66.35 |
| CAFE |
iPath Pure Beta Coffee ETN |
-40.97 |
-4.75 |
1.91 |
| GRN |
iPath Global Carbon ETN |
-34.20 |
-10.01 |
0.99 |
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. |
