ETF Fund Flows: SPY Pulls In $1.91 Billion

Dave Nadig and Olivier Ludwig
March 19, 2012

Investors plowed $1.91 billion into the SPDR S'P 500 ETF (NYSEArca:SPY - News), making it No. 1 on IndexUniverse’s “Top 10 Creations” list. The Dow fell on disappointing economic reports, breaking its longest winning streak in more than a year.

Net flows were $1.54 billion and total assets under management rose to $1.218 trillion, up from $1.215 trillion on March 16, 2012, according to data compiled by IndexUniverse.

The Dow Jones industrial average fell 20.14 points, or 0.2 percent, to close at 13, 232.62. Stocks fell on reports showing that consumer sentiment dropped and the cost of living rose by the fastest pace in 10 months. The S'P 500 rose 2 points, or 0.1 percent, to close at 1,404.17.

The No. 2 fund on IndexUniverse’s creations list was the iPath S'P Short-Term Futures ETN (NYSEArca:VXX - News), which had inflows of $335.4 million. The No. 3 fund on the list was the Financial Select Sector SPDR Fund (NYSEArca:XLF - News), which had inflows of $226.5 million.

U.S. equity-focused ETFs had inflows of $1.23 billion.

Redemptions

Investors pulled $478.9 million from the PowerShares QQQ Trust (NasdaqGM:QQQ - News), making it No. 1 on IndexUniverse’s “Top 10 Redemptions” list.

The No. 2 fund on IndexUniverse’s redemptions list was the SPDR S'P MidCap 400 ETF (NYSEArca:MDY - News), which had outflows of $300.1 million. The No.3 fund on the list was the iShares Russell 2000 Index Fund (NYSEArca:IWM - News), which had outflows of $278.1 million.

U.S.-focused fixed-income ETFs had outflows of $70.3 million.

 

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S'P 500 1,907.94 108,974.47 2%
VXX iPath S'P 500 VIX Short-Term Futures ETN 335.38 2,155.51 18%
XLF Financial Select SPDR 266.45 7,502.37 4%
VQT Barclays ETN+ S'P Veqtor ETN 148.45 503.07 42%
UUP PowerShares DB US Dollar Index Bullish 110.85 1,334.63 9%
EEM iShares MSCI Emerging Markets 59.27 40,557.02 0%
XHB SPDR S'P Homebuilders 59.02 1,456.06 4%
VEU Vanguard FTSE All-World ex-US 53.75 6,954.10 1%
XLV Health Care Select SPDR 53.40 4,057.56 1%
BND Vanguard Total Bond Market 49.67 15,132.18 0%


Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
QQQ PowerShares QQQ -478.87 33,979.96 -1%
MDY SPDR S'P MidCap 400 -300.09 10,312.03 -3%
IWM iShares Russell 2000 -278.08 15,589.28 -2%
EFA iShares MSCI EAFE -133.34 39,269.81 -0%
SDY SPDR S'P Dividend -104.64 9,338.06 -1%
TLT iShares Barclays 20+ Year Treasury Bond -88.95 2,879.82 -3%
FLAT iPath U.S. Treasury Flattener ETN -74.73 45.29 -62%
DIA SPDR Dow Jones Industrial Average Trust -72.62 12,303.88 -1%
LQD iShares iBoxx $ Investment Grade Corporate Bond -68.59 19,663.04 -0%
HDV iShares High Dividend Equity -60.09 1,333.46 -4%


ETF Daily Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 1,231.81 555,344.51 0.22%
International Equity -91.95 296,906.81 -0.03%
U.S. Fixed Income -70.32 191,430.55 -0.04%
International Fixed Income 41.98 14,480.40 0.29%
Commodities 27.11 115,650.41 0.02%
Currency 30.82 3,731.19 0.83%
Leveraged -54.72 14,055.36 -0.39%
Inverse 62.69 20,602.98 0.30%
Asset Allocation - 1,088.00 0.00%
Alternatives 361.39 4,626.76 7.81%
Total: 1,538.81 1,217,916.96 0.13%


Top 10 Volume Surprises, Funds '$50 mm AUM

Ticker Name Average Volume
(30 Day)
1-Day Volume % of Average
AFK Market Vectors Africa 20,822 124,836 600%
PST ProShares UltraShort 7-10 Year Treasury 96,777 531,391 549%
PSCT PowerShares S'P SmallCap Information Technology 42,727 225,512 528%
AAXJ iShares MSCI All Country Asia ex-Japan 519,199 2,541,368 489%
KLD iShares MSCI USA ESG Select Social 8,601 37,486 436%
JJG iPath Dow Jones UBS Grains Total Return ETN 68,676 290,599 423%
ZROZ PIMCO 25+ Year Zero Coupon U.S. Treasury 18,816 76,316 406%
AUSE WisdomTree Australia Dividend Fund 8,221 32,902 400%
TBF ProShares Short 20+ Year Treasury 645,274 2,470,793 383%
EMIF iShares S'P Emerging Markets Infrastructure 18,676 70,651 378%


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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
GAZ iPath Dow Jones-UBS Natural Gas Total Return ETN 8.64% 934,226 38.81
SEA Guggenheim Shipping 4.76% 266,565 34.42
CVOL C-Tracks Exchange-Traded Notes on the Citi Volatility 3.46% 20,047 7.78
KWT Market Vectors Solar Energy 3.19% 27,625 14.14
EIRL iShares MSCI Ireland Capped Investable Market 3.10% 2,100 8.18
XGC Guggenheim International Small Cap LDRs 2.91% 2,200 5.63
BNO United States Brent Oil 2.88% 85,561 75.14
OIH Market Vectors Oil Services 2.70% 4,021,491 1,067.94
UNG United States Natural Gas 2.68% 8,810,783 840.34
AXSL iShares MSCI ACWI ex-US Consumer Staples 2.67% 1,500 3.31


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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
JJN iPath Dow Jones-UBS Nickel Total Return ETN -2.43% 1,880 9.47
PTM ETRACS CMCI Long Platinum Total Return ETN -2.34% 25,032 39.30
SCIF Market Vectors India Small-Cap -2.18% 70,165 56.42
CVRT PowerShares Convertible Securities -1.92% 1,700 9.58
FAA Guggenheim Airline -1.90% 1,800 14.28
MUAF iShares 2017 S'P AMT-Free Municipal Series -1.85% 1,100 43.78
JO iPath Dow Jones-UBS Coffee Total Return ETN -1.79% 19,168 26.39
VNM Market Vectors Vietnam -1.77% 199,653 292.62
PIN PowerShares India Portfolio -1.70% 370,497 417.60
INDA iShares MSCI India -1.62% 6,200 15.14

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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