Investors poured $948.5 million into the SPDR S&P 500 ETF (NYSEArca:SPY - News), fueling gains in overall assets, as stocks edged lower a day after they notched their biggest one-day gain of the year.
Overall, ETF inflows were $1.89 billion and total U.S.-listed ETF assets rose to more than $1.119 trillion from $1.116 trillion on Tuesday, according to data compiled by IndexUniverse. The slight decline in stock prices wasn’t enough to offset creations.
Among other noteworthy creations was the nearly $583 million that flowed into the PowerShares QQQ Trust (NasdaqGM:QQQ - News) Nasdaq 100 ETF and the money that flowed into a number of sector funds from State Street Global Advisors. For example, the Energy Select SPDR ETF (NYSEArca:XLE - News) added $381 million in new assets, ending the day a $9.06 billion fund.
On a percentage basis, the First Trust S&P REIT ETF (NYSEArca:FRI - News) had creations of almost $163 million, a 163 percent jump in its assets. It ended Wednesday’s trading session a nearly $263 million fund.
Also, the SPDR S&P Metals & Mining ETF (NYSEArca:XME - News) hauled in $151.7 million, which amounted to 16 percent of its assets. It ended yesterday with $1.12 billion in assets.
Redemptions
Yesterday’s least popular fund was the iShares Russell 2000 Index Fund (NYSEArca:IWM - News). It suffered redemptions of almost $848 million, or 5 percent of its assets. It ended the day a $15.74 billion fund.
The First Trust Nasdaq 100-Technology ETF (NasdaqGM:QTEC - News) meanwhile lost 28 percent of its assets to redemptions. It had outflows of about $156 million and, after the stock market’s slight drop, had $393.4 million in assets.
Investors also pulled $151.3 million from the SPDR S&P MidCap 400 ETF (NYSEArca:MDY - News), which ended the day with almost $11 billion in assets.
Additionally, with the market relatively quiet, the iPath S&P 500 VIX Short-Term Futures ETN (NYSEArca:VXX - News) had 5 percent of its assets head for the door. Investors pulled $48.4 million from the popular volatility management tool, leaving it with $1.02 billion in assets.
VXX was also No. 9 on IndexUniverse’s “Bottom 10 1-Day Performers” list, with a daily drop in price of 2.13 percent.
VXX’s competitor, the ProShares VIX Short-Term ETF (NYSEArca:VIXY - News), was 10th on the list, with a decline of 2.08 percent.
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 | 948.51 | 94,351.13 | 1% |
| QQQ | PowerShares QQQ | 582.90 | 25,457.42 | 2% |
| XLE | Energy Select SPDR | 381.09 | 9,062.39 | 4% |
| XLF | Financial Select SPDR | 258.79 | 7,032.40 | 4% |
| FRI | First Trust S&P REIT | 162.87 | 262.91 | 163% |
| XME | SPDR S&P Metals and Mining | 151.66 | 1,118.04 | 16% |
| VTI | Vanguard Total Stock Market | 123.72 | 20,389.71 | 1% |
| TLT | iShares Barclays 20+ Year Treasury Bond | 86.30 | 2,713.74 | 3% |
| XLB | Materials Select SPDR | 79.35 | 2,494.39 | 3% |
| IBB | iShares Nasdaq Biotechnology | 69.54 | 1,791.92 | 4% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| IWM | iShares Russell 2000 | -847.96 | 15,737.21 | -5% |
| QTEC | First Trust NASDAQ-100-Technology | -156.09 | 393.39 | -28% |
| MDY | SPDR S&P MidCap 400 | -151.27 | 10,958.40 | -1% |
| XLU | Utilities Select SPDR | -67.03 | 4,478.45 | -1% |
| UNG | United States Natural Gas | -50.85 | 1,796.80 | -3% |
| VXX | iPath S&P 500 VIX Short-Term Futures ETN | -48.36 | 1,016.89 | -5% |
| TNA | Direxion Daily Small Cap Bull 3x | -45.57 | 700.08 | -6% |
| GDX | Market Vectors Gold Miners | -30.15 | 7,489.27 | 0% |
| IVV | iShares S&P 500 | -26.62 | 27,729.40 | 0% |
| EWC | iShares MSCI Canada | -25.82 | 5,729.77 | 0% |
ETF Daily Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 1,765.76 | 501,376.49 | 0.35% |
| International Equity | -67.61 | 295,790.07 | -0.02% |
| U.S. Fixed Income | 257.26 | 150,631.67 | 0.17% |
| International Fixed Income | 39.63 | 11,374.78 | 0.35% |
| Commodities | 62.28 | 113,781.54 | 0.05% |
| Currency | 13.01 | 5,844.11 | 0.22% |
| Leveraged | -94.94 | 13,753.57 | -0.69% |
| Inverse | -43.75 | 22,403.09 | -0.20% |
| Asset Allocation | - | 943.93 | 0.00% |
| Alternatives | -42.89 | 3,268.10 | -1.31% |
| Total: | 1,888.75 | 1,119,167.34 | 0.17% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| Ticker | Name | Average Volume (30 Day) | 1-Day Volume | % of Average |
| FRI | First Trust S&P REIT | 534,708 | 13,665,076 | 2556% |
| QTEC | First Trust NASDAQ-100-Technology | 485,458 | 8,135,057 | 1676% |
| IFGL | iShares FTSE EPRA/NAREIT Developed Real Estate ex-US. | 43,278 | 268,085 | 619% |
| REM | iShares FTSE NAREIT Mortgage Plus Capped | 191,488 | 1,120,067 | 585% |
| COPX | Global X Copper Miners | 106,407 | 554,599 | 521% |
| CSM | ProShares Credit Suisse 130/30 | 19,018 | 95,420 | 502% |
| XVIX | UBS E-TRACS Daily Long-Short VIX ETN | 27,873 | 133,206 | 478% |
| EMIF | iShares S&P Emerging Markets Infrastructure | 16,897 | 71,593 | 424% |
| IAI | iShares Dow Jones U.S. Broker-Dealers | 24,207 | 89,578 | 370% |
| GXG | Global X/InterBolsa FTSE Colombia 20 | 250,062 | 847,972 | 339% |
Top 10 1-Day Performers, Excluding Leverage/Inverse Funds and
| Ticker | Name | 1-Day Performance | 1-Day Volume | AUM ($, mm) |
| GWO | ELEMENTS Credit Suisse Global Warming ETN | 5.73% | 7,150 | 0.00 |
| CVOL | C-Tracks Exchange-Traded Notes on the Citi Volatility | 5.07% | 11,280 | 9.39 |
| EWP | iShares MSCI Spain | 3.59% | 1,064,517 | 216.49 |
| IPF | SPDR S&P International Financial | 3.47% | 2,543 | 4.89 |
| FJP | First Trust Japan AlphaDex | 3.37% | 3,500 | 4.43 |
| EUFN | iShares MSCI-Europe Financials | 3.14% | 2,777 | 7.24 |
| SLV | iShares Silver | 2.92% | 44,992,284 | 12,217.61 |
| DBS | PowerShares DB Silver | 2.89% | 32,945 | 180.13 |
| SIVR | ETFS Physical Silver | 2.84% | 570,144 | 694.31 |
| EWI | iShares MSCI Italy | 2.75% | 349,950 | 127.76 |
Bottom 10 1-Day Performers, Excluding Leverage/Inverse Funds and
| Ticker | Name | 1-Day Performance | 1-Day Volume | AUM ($, mm) |
| FLYX | Direxion Airline | -8.41% | 4,000 | 3.20 |
| BHH | B2B Internet HOLDRS | -3.96% | 106,100 | 17.09 |
| USV | UBS E-TRACS CMCI Silver Total Return ETN | -3.40% | 4,820 | 8.27 |
| PXQ | PowerShares Dynamic Networking Portfolio | -3.38% | 129,685 | 151.94 |
| PMNA | PowerShares MENA Frontier Countries Portfolio | -2.42% | 20,171 | 22.29 |
| LD | iPath Dow Jones-UBS Lead Total Return ETN | -2.30% | 39,600 | 54.50 |
| GRWN | iPath Pure Beta Softs ETN | -2.18% | 2,300 | 7.14 |
| SKYY | First Trust ISE Cloud Computing | -2.15% | 240,758 | 48.01 |
| VXX | iPath S&P 500 VIX Short-Term Futures ETN | -2.13% | 21,582,696 | 1,016.89 |
| VIXY | ProShares VIX Short-Term | -2.08% | 388,927 | 46.20 |
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.
