Investors pulled $398.7 million from the SPDR S'P 500 ETF (SPY - News), making it No. 1 on IndexUniverse’s “Top 10 Redemptions” list. Stocks were down as concerns grew about eurozone woes and investors grew worried that the U.S. recovery might not be as strong as was anticipated.
Net inflows were $807.9 million; however, due to the market’s drop, total assets under management fell to $1.206 trillion from a little more than $1.207 trillion on Monday, April 30.
The Dow Jones industrial average fell 14.68 points, or 0.1 percent, to close at 13,213.63. Stocks fell as some investors grew concerned about the state of the American economy and the U.S. Commerce Department released a report showing that manufacturing had dipped in the Chicago region during the month of April. The S'P 500 dropped 5.45 points, or 0.4 percent, to close at 1,397.91.
The No. 2 fund on the redemptions list was the PowerShares QQQ Trust (QQQ - News), which suffered outflows of $320.6 million. The No. 3 fund on the list was the iShares Barclays TIPS Bond Fund (TIP - News), which had outflows of $286.7 million.
U.S.-focused equity ETFs had inflows of $196.4 million. U.S.-focused fixed-income funds had inflows of $21.6 million.
Creations
Investors put $143.83 million into the Consumer Discretionary Select SPDR ETF (XLY - News), making it No. 1 on IndexUniverse’s “Top 10 Creations” list.
The No. 2 fund on the creations list was the Direxion Daily Small Cap Bear 3x Shares (TZA - News), which had inflows of $133.1 million. The No. 3 fund on the list was the SPDR S'P Retail ETF (XRT - News), which had inflows of $132.8 million.
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| XLY | Consumer Discretionary Select SPDR | 143.83 | 3,376.56 | 4.45% |
| TZA | Direxion Daily Small Cap Bear 3x | 133.11 | 781.63 | 20.52% |
| XRT | SPDR S'P Retail | 132.76 | 889.20 | 17.55% |
| GLD | SPDR Gold | 129.22 | 68,666.40 | 0.19% |
| EWW | iShares MSCI Mexico Investable Market | 86.80 | 1,339.20 | 6.93% |
| JNK | SPDR Barclays Capital High Yield Bond | 83.06 | 12,020.04 | 0.70% |
| FAZ | Direxion Daily Financial Bear 3x | 79.39 | 771.22 | 11.47% |
| XHB | SPDR S'P Homebuilders | 71.05 | 1,469.42 | 5.08% |
| TNA | Direxion Daily Small Cap Bull 3x | 70.68 | 798.10 | 9.72% |
| XLI | Industrial Select SPDR | 70.34 | 3,399.55 | 2.11% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S'P 500 | -398.69 | 103,117.12 | -0.39% |
| QQQ | PowerShares QQQ | -320.64 | 32,668.54 | -0.97% |
| TIP | iShares Barclays TIPS Bond | -286.66 | 22,741.38 | -1.24% |
| TLT | iShares Barclays 20+ Year Treasury Bond | -58.73 | 2,924.51 | -1.97% |
| IWO | iShares Russell 2000 Growth | -42.21 | 3,808.69 | -1.10% |
| SMH | Market Vectors Semiconductor | -34.61 | 383.13 | -8.29% |
| XLF | Financial Select SPDR | -29.30 | 6,890.43 | -0.42% |
| RTH | Market Vectors Retail | -25.42 | 41.09 | -38.22% |
| RYT | Guggenheim S'P Equal Weight Technology | -22.64 | 144.33 | -13.56% |
| XES | SPDR S'P Oil ' Gas Equipment ' Services | -19.48 | 304.61 | -6.01% |
ETF Daily Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 196.43 | 549,684.75 | 0.04% |
| International Equity | 78.15 | 287,515.29 | 0.03% |
| U.S. Fixed Income | 21.16 | 198,802.44 | 0.01% |
| International Fixed Income | 67.19 | 15,976.53 | 0.42% |
| Commodities | 179.44 | 113,144.47 | 0.16% |
| Currency | 9.55 | 3,314.29 | 0.29% |
| Leveraged | 46.44 | 13,082.04 | 0.35% |
| Inverse | 194.87 | 19,818.88 | 0.98% |
| Asset Allocation | -28.48 | 1,082.88 | -2.63% |
| Alternatives | 43.11 | 4,164.14 | 1.04% |
| Total: | 807.86 | 1,206,585.72 | 0.07% |
Top 10 Volume Surprises, Funds '$50 mm AUM
| Ticker | Name | Average Volume (30 Day) |
1-Day Volume | % of Average |
| AOA | iShares S'P Aggressive Allocation | 22,444 | 326,897 | 1,456.52% |
| PHO | PowerShares Water Resources Portfolio | 269,337 | 3,241,385 | 1,203.47% |
| AOR | iShares S'P Growth Allocation | 23,434 | 265,360 | 1,132.39% |
| EUSA | iShares MSCI USA | 11,204 | 120,438 | 1,074.97% |
| DBP | PowerShares DB Precious Metals | 75,766 | 759,254 | 1,002.10% |
| XLG | Guggenheim Russell Top 50 | 66,271 | 488,203 | 736.68% |
| VGIT | Vanguard Intermediate-Term Government Bond | 17,342 | 122,715 | 707.63% |
| SCHZ | Schwab U.S. Aggregate Bond | 70,209 | 473,813 | 674.86% |
| IYH | iShares Dow Jones U.S. Healthcare | 50,255 | 322,603 | 641.93% |
| JKI | iShares Morningstar Mid Value | 2,716 | 16,624 | 611.99% |
Top 10 1-Day Performers, Excluding Leverage/Inverse Funds and '1,000 Shares Traded
| Ticker | Name | 1-Day Performance | 1-Day Volume | AUM ($, mm) |
| FUE | ELEMENTS MLCX Biofuels Total Return ETN | 10.72% | 16,032 | 2.29 |
| UNG | United States Natural Gas | 4.52% | 14,399,905 | 861.68 |
| DBEF | db-X MSCI EAFE Currency-Hedged Equity | 4.19% | 4,991 | 33.42 |
| QGEM | EGShares Technology GEMS | 3.72% | 4,200 | 1.80 |
| AGRG | Russell Aggressive Growth | 2.87% | 1,143 | 5.27 |
| CVRT | PowerShares Convertible Securities | 2.67% | 2,400 | 9.48 |
| UNL | United States 12 Month Natural Gas | 2.56% | 49,877 | 30.28 |
| VIXY | ProShares VIX Short-Term | 2.27% | 511,795 | 139.66 |
| VIIX | VelocityShares VIX Short Term ETN | 2.23% | 81,401 | 23.19 |
| VXX | iPath S'P 500 VIX Short-Term Futures ETN | 2.22% | 29,114,157 | 1,785.54 |
Bottom 10 1-Day Performers, Excluding Leverage/Inverse Funds and '1,000 Shares Traded
| Ticker | Name | 1-Day Performance | 1-Day Volume | AUM ($, mm) |
| CHOC | iPath Pure Beta Cocoa ETN | -4.55% | 3,100 | 2.72 |
| NIB | iPath Dow Jones-UBS Cocoa Total Return ETN | -3.81% | 100,288 | 19.30 |
| SGAR | iPath Pure Beta Sugar ETN | -2.47% | 1,200 | 2.43 |
| DBJP | db-X MSCI Japan Currency-Hedged Equity | -2.25% | 40,249 | 4.87 |
| BAL | iPath Dow Jones-UBS Cotton Total Return ETN | -1.98% | 71,892 | 36.68 |
| CHIM | Global X China Materials | -1.85% | 4,724 | 2.55 |
| XHB | SPDR S'P Homebuilders | -1.76% | 7,405,928 | 1,469.42 |
| EUFN | iShares MSCI-Europe Financials | -1.72% | 17,125 | 20.75 |
| ITB | iShares Dow Jones U.S. Home Construction | -1.72% | 1,259,671 | 679.91 |
| GASZ | ETRACS Natural Gas Futures Contango ETN | -1.72% | 20,105 | 12.38 |
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.
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