ETF Fund Flows: SPY Loses $600.3 Million

ETF.com

 

Investors pulled $600.3 million out of the SPDR S'P 500 ETF (SPY - News) yesterday, though rising equities markets fueled by a strong report on U.S. housing offset net outflows and lifted total assets invested in U.S.-listed ETFs.

The widely followed S'P/Case Shiller Home Price Index showed prices rising in April in most U.S. cities, after dropping for the past seven months to new lows. The Dow Jones industrial average rose 32.01 points, or 0.3 percent, to close at 12,534.67.

Overall, net outflows totaled $535.6 million, but total U.S.-listed ETF assets climbed to more than $1.147 trillion from under $1.145 trillion on Monday, June 25, according to data compiled by IndexUniverse.

Investors pulled $135.1 million out U.S. fixed-income funds—not a surprising turn of events on an up day for stocks. Some of the affected bond ETFs on IndexUniverse’s “Top 10 Redemptions” list and their outflows were:

· iShares Barclays 20+ Year Treasury Bond Fund (TLT - News), $126.4 million

· iShares Barclays 7-10 Year Treasury Bond Fund (IEF - News), $86.4 million

· iShares Barclays 1-3 Year Treasury Bond Fund (SHY - News), $67.5 million

· iShares Barclays 3-7 Year Treasury Bond Fund (IEI - News), $49.1 million

Tuesday’s most popular ETF was the iShares S'P 500 Index Fund (IVV - News)—an eye-catching fund to the extent that another S'P 500 ETF, SPY, was at the top of the redemptions list.

In the end, IVV, which hauled in $119.2 million, probably reflects market sentiment more than SPY, which is often used for tactical asset allocation adjustments.

In the No. 2 slot on the “Top 10 Creations” list was the Health Care Select Sector SPDR Fund (XLV - News), which pulled in $76.0 million.

Investors moving into health care just two days before the U.S. Supreme Court will rule on the constitutionality of “Obamacare” might reflect optimism that the High Court will leave the law alone.

If that’s what happens, funds like XLV are likely to shoot higher, fueled by the removal of uncertainty hanging over the sector and the prospect of selling products and services to millions of new customers.

 

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
IVV iShares S'P 500 119.21 28,790.18 0.42%
XLV Health Care Select SPDR 75.97 4,522.06 1.71%
AAXJ iShares MSCI All Country Asia ex-Japan 65.74 1,729.49 3.95%
OIH Market Vectors Oil Services 61.18 954.40 6.85%
VTI Vanguard Total Stock Market 60.66 20,625.07 0.29%
XLE Energy Select SPDR 56.41 6,100.02 0.93%
SH ProShares Short S'P 500 53.45 1,925.29 2.86%
BSV Vanguard Short-Term Bond 48.60 8,464.50 0.58%
EUO ProShares UltraShort Euro 46.16 902.81 5.39%
IWM iShares Russell 2000 45.73 14,255.08 0.32%


Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S'P 500 -600.33 99,315.20 -0.60%
XLY Consumer Discretionary Select SPDR -213.59 3,132.69 -6.38%
XLI Industrial Select SPDR -155.38 2,659.60 -5.52%
TLT iShares Barclays 20+ Year Treasury Bond -126.43 3,830.83 -3.19%
IEF iShares Barclays 7-10 Year Treasury Bond -86.38 5,214.95 -1.63%
XLF Financial Select SPDR -74.78 6,120.92 -1.21%
XRT SPDR S'P Retail -74.61 705.90 -9.56%
SHY iShares Barclays 1-3 Year Treasury Bond -67.49 10,941.49 -0.61%
XOP SPDR S'P Oil ' Gas Exploration ' Production -57.53 791.54 -6.78%
IEI iShares Barclays 3-7 Year Treasury Bond -49.14 3,181.82 -1.52%


ETF Daily Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -734.94 521,334.33 -0.14%
International Equity 33.95 252,871.00 0.01%
U.S. Fixed Income -135.14 210,655.79 -0.06%
International Fixed Income 58.58 16,748.17 0.35%
Commodities -9.60 104,658.60 -0.01%
Currency 20.76 2,938.90 0.71%
Leveraged 122.41 12,241.22 1.00%
Inverse 146.11 19,817.48 0.74%
Asset Allocation 1.88 1,854.11 0.10%
Alternatives -39.58 4,230.55 -0.94%
Total: -535.58 1,147,350.16 -0.05%


Top 10 Volume Surprises, Funds '$50 mm AUM

Ticker Name Average Volume
(30 Day)
1-Day Volume % of Average
SCHH Schwab U. S. REIT 109,327 1,050,501 960.88%
ALT iShares Diversified Alternatives 13,963 88,751 635.62%
TOK iShares MSCI Kokusai 2,840 17,408 612.98%
PMR PowerShares Dynamic Retail Portfolio 59,489 303,704 510.52%
IWC iShares Russell Microcap 87,668 436,990 498.46%
DSI iShares MSCI KLD 400 Social 8,830 43,283 490.21%
FDT First Trust Developed Markets Ex-U.S. AlphaDex 25,742 125,376 487.06%
GLJ iShares 10+ Year Government/Credit Bond 80,958 383,570 473.79%
CORN Teucrium Corn 47,619 213,752 448.88%
DBA PowerShares DB Agriculture 785,173 3,445,839 438.86%


Top 10 1-Day Performers, Excluding Leverage/Inverse Funds and '1,000 Shares Traded

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
JO iPath Dow Jones-UBS Coffee Total Return ETN 4.82% 51,745 26.14
CHIM Global X China Materials 4.59% 1,500 2.21
UNG United States Natural Gas 3.79% 8,051,833 1,060.89
CORN Teucrium Corn 3.48% 213,752 55.26
ITB iShares Dow Jones U.S. Home Construction 3.19% 3,009,570 699.75
SOIL Global X Fertilizers/Potash 3.03% 116,784 24.90
NIB iPath Dow Jones-UBS Cocoa Total Return ETN 2.84% 8,375 23.16
ESR iShares MSCI Emerging Markets Eastern Europe 2.69% 1,828 17.95
PAGG PowerShares Global Agriculture Portfolio 2.50% 10,834 93.40
EPOL iShares MSCI Poland Investable Market 2.43% 35,626 112.60

Bottom 10 1-Day Performers, Excluding Leverage/Inverse Funds and '1,000 Shares Traded

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
GWO ELEMENTS Credit Suisse Global Warming ETN -8.26% 1,100 2.62
CVOL C-Tracks Exchange-Traded Notes on the Citi Volatility -4.87% 25,014 8.36
GRN iPath Global Carbon ETN -4.17% 2,009 1.41
AADR AdvisorShares WCM/BNY Mellon Focused Growth ADR -3.28% 1,520 6.39
VIIX VelocityShares VIX Short Term ETN -3.02% 427,240 75.12
AXIT iShares MSCI ACWI ex-US Information Technology -3.00% 1,200 2.38
VIXY ProShares VIX Short-Term -2.95% 944,504 149.64
BAL iPath Dow Jones-UBS Cotton Total Return ETN -2.93% 17,805 29.20
IPN SPDR S'P International Industrial -2.76% 2,898 7.77
VXX iPath S'P 500 VIX Short-Term Futures ETN -2.74% 43,097,334 1,803.19

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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