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The SPDR Gold Trust (NYSEArca: GLD), the largest physical gold ETF in the world, was the least popular fund in the past week, losing more than $1.6 billion in assets as gold prices slumped to six-month lows.
The fund, which tracks the price of gold, saw its assets bleed 2.45 percent in five days, dropping to $65.3 billion. It also went through its largest single-day redemption in 18 months when more than $1 billion of assets fled the fund midweek—as the gold market continued to feel the pressure of a rising dollar and a changing investor sentiment regarding risk.
GLD was not alone. The iShares Gold Trust (NYSEArca: IAU) was also caught in the sell-off, with investors yanking nearly $230 million out of the fund, bringing down its total assets to under $11 billion.
Indeed, riskier assets such as equities were far more popular with investors, who put nearly $3 billion of fresh assets into U.S. and international equities funds.
Commodities ETFs, as a group, on the other hand, were the biggest losers with outflows of $1.7 billion.
Even the iShares Barclays 20+ Year Treasury Bond Fund (NYSEArca: TLT) faced outflows sizable enough to land it in IndexUniverse's Top 10 Redemptions list for the week, adding fodder to the sentiment that risk is in. The $2.99 billion TLT gave up $116 million.
All in all, the U.S. ETF market continued to hover the $1.4-trillion-in-assets mark, having finished the week ended Thursday, Feb. 21, with $1.416 trillion in total assets.
Interestingly, the SPDR S&P 500 ETF (NYSEArca: SPY) was the second-least-popular fund despite inflows into U.S. equities. SPY saw outflows of $810 million, but it still boasts more than $122.6 billion in assets.
On the flip side, the most popular fund in the past five days was the iShares Dow Jones U.S. Real Estate Index Fund (NYSEArca: IYR), attracting $414 million in fresh assets as investors continued to bet on a recovering housing market.
Top 10 Creations (All ETFs)
| IYR |
iShares Dow Jones U.S. Real Estate |
414.56 |
5,427.80 |
8.27% |
| USMV |
iShares MSCI USA Minimum Volatility |
278.23 |
1,594.43 |
21.14% |
| DXJ |
WisdomTree Japan Hedged Equity |
241.15 |
3,918.64 |
6.56% |
| EEMV |
iShares MSCI Emerging Markets Minimum Volatility |
225.62 |
1,412.21 |
19.01% |
| VXX |
iPath S&P 500 VIX Short-Term Futures ETN |
204.42 |
1,388.52 |
17.26% |
| EWJ |
iShares MSCI Japan |
193.57 |
6,042.06 |
3.31% |
| XRT |
SPDR S&P Retail |
190.19 |
931.69 |
25.65% |
| XLP |
Consumer Staples Select SPDR |
188.40 |
6,077.65 |
3.20% |
| VEA |
Vanguard MSCI EAFE |
181.00 |
11,873.22 |
1.55% |
| XLI |
Industrial Select SPDR |
164.29 |
4,934.53 |
3.44% |
Top 10 Redemptions (All ETFs)
| GLD |
SPDR Gold |
-1,643.74 |
65,397.67 |
-2.45% |
| SPY |
SPDR S&P 500 |
-810.84 |
122,682.71 |
-0.66% |
| HYG |
iShares iBoxx $ High Yield Corporate Bond |
-289.51 |
15,021.62 |
-1.89% |
| FXI |
iShares FTSE China 25 |
-235.28 |
8,362.76 |
-2.74% |
| IAU |
iShares Gold Trust |
-229.64 |
10,942.55 |
-2.06% |
| EWZ |
iShares MSCI Brazil Capped |
-136.30 |
8,646.87 |
-1.55% |
| XME |
SPDR S&P Metals and Mining |
-128.63 |
709.14 |
-15.35% |
| IWN |
iShares Russell 2000 Value |
-122.03 |
4,732.13 |
-2.51% |
| TLT |
iShares Barclays 20+ Year Treasury Bond |
-116.15 |
2,992.64 |
-3.74% |
| TBT |
ProShares UltraShort 20+ Year Treasury |
-113.93 |
3,327.72 |
-3.31% |
ETF Weekly Daily Flows By Asset Class
| U.S. Equity |
1,554.39 |
657,681.84 |
0.24% |
| International Equity |
1,481.88 |
355,045.24 |
0.42% |
| U.S. Fixed Income |
122.86 |
226,386.22 |
0.05% |
| International Fixed Income |
124.38 |
26,957.65 |
0.46% |
| Commodities |
-1,736.38 |
110,497.53 |
-1.57% |
| Currency |
-34.35 |
2,749.20 |
-1.25% |
| Leveraged |
-1.66 |
13,184.50 |
-0.01% |
| Inverse |
-86.62 |
17,883.59 |
-0.48% |
| Asset Allocation |
48.12 |
2,817.82 |
1.71% |
| Alternatives |
230.66 |
3,423.79 |
6.74% |
| Total: |
1,703.28 |
1,416,627.37 |
0.12% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| IEFA |
iShares Core MSCI EAFE |
98,093 |
2,019,112 |
411.67% |
| PBS |
PowerShares Dynamic Media |
107,909 |
1,763,402 |
326.83% |
| EEMA |
iShares MSCI Emerging Markets Asia |
140,627 |
1,996,582 |
283.95% |
| DGL |
PowerShares DB Gold |
94,729 |
1,322,191 |
279.15% |
| GLL |
ProShares UltraShort Gold |
251,741 |
3,468,478 |
275.56% |
| RYH |
Guggenheim S&P Equal Weight Health Care |
13,746 |
166,890 |
242.83% |
| VONE |
Vanguard Russell 1000 |
30,905 |
357,777 |
231.53% |
| CMBS |
iShares Barclays CMBS Bond |
26,414 |
301,863 |
228.56% |
| UGL |
ProShares Ultra Gold |
186,771 |
2,075,002 |
222.20% |
| LVL |
Guggenheim S&P Global Dividend Opportunities |
57,899 |
627,380 |
216.71% |
Top 10 YTD Performers
| TAN |
Guggenheim Solar |
24.31 |
-0.62 |
75.77 |
| KWT |
Market Vectors Solar Energy |
21.61 |
0.57 |
13.27 |
| VNM |
Market Vectors Vietnam |
20.60 |
-4.92 |
404.40 |
| EPHE |
iShares MSCI Philippines Investable Market |
16.41 |
2.48 |
325.79 |
| IAI |
iShares Dow Jones U.S. Broker-Dealers |
16.25 |
-1.72 |
89.28 |
| KBWC |
PowerShares KBW Capital Markets |
15.56 |
-2.09 |
9.55 |
| PXJ |
PowerShares Dynamic Oil & Gas Services |
14.08 |
-2.19 |
132.47 |
| QCLN |
First Trust NASDAQ Clean Edge Green Energy |
13.74 |
-2.37 |
18.33 |
| IDXJ |
Market Vectors Indonesia Small Cap |
13.15 |
2.11 |
2.50 |
| PXE |
PowerShares Dynamic Energy Exploration & Production |
13.13 |
-2.45 |
107.35 |
Bottom 10 YTD Performers
| GLDX |
Global X Gold Explorers |
-26.39 |
-9.83 |
34.62 |
| VXX |
iPath S&P 500 VIX Short-Term Futures ETN |
-25.53 |
4.46 |
1,388.52 |
| VIIX |
VelocityShares VIX Short Term ETN |
-25.53 |
4.46 |
13.01 |
| VIXY |
ProShares VIX Short-Term |
-25.32 |
4.50 |
190.36 |
| GRN |
iPath Global Carbon ETN |
-22.20 |
1.51 |
0.80 |
| VIIZ |
VelocityShares VIX Mid Term ETN |
-21.06 |
1.75 |
4.03 |
| VXZ |
iPath S&P 500 VIX Mid-Term Futures ETN |
-21.06 |
1.75 |
57.16 |
| VIXM |
ProShares VIX Mid-term |
-21.00 |
1.76 |
51.53 |
| GDXJ |
Market Vectors Junior Gold Miners |
-19.57 |
-10.87 |
2,133.53 |
| GGGG |
Global X PURE Gold Miners |
-19.41 |
-9.35 |
3.37 |
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. |
