Investors pulled $1.178 billion from the S'P 500 ETF (SPY - News), making it the No. 1 fund on IndexUniverse’s “Top 10 Redemptions” list. Stocks were down as political turmoil in Europe, coupled with a business slump on the continent, roiled the markets.
Net outflows totaled $2.42 billion, and total assets under management fell to around $1.174 trillion on Monday, April 23 from $1.187 trillion on Friday, April 20.
The Dow Jones industrial average was down 102.09 points, or 0.78 percent, to close at 12,927.17. Stocks were down on news the eurozone’s slowdown is widening more than expected. Also, investor concerns increased over whether France and Holland have the political wherewithal to make necessary budget cuts. The S'P 500 was down 11.59 points, or 0.84 percent, to close at 1,366.94.
The No. 2 fund on the redemptions list was the PowerShares QQQ Trust (QQQ - News), which had outflows of $387.2 million. The No. 3 fund on the list was SPDR Gold Shares (GLD - News), the physical bullion ETF, which had outflows of $221.5 million.
U.S.-focused equity ETFs had outflows of just under $2.7 billion.
Creations
Investors put just under $126.0 million into the Direxion Daily Small Cap Bear 3X Shares ETF (TZA - News), making it the No. 1 fund on IndexUniverse’s “Top 10 Creations” list.
The No. 2 fund on the creations list was the Vanguard MSCI EAFE ETF (VEA - News), which had $113.4 million in inflows. The No. 3 fund on the list was the iPath S'P 500 VIX Short-Term Futures ETN (VXX - News), which gathered $108.5 million in fresh assets.
U.S.-focused fixed-income ETFs meanwhile had inflows of $137.4 million.
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| TZA | Direxion Daily Small Cap Bear 3x | 125.94 | 781.81 | 19% |
| VEA | Vanguard MSCI EAFE | 113.37 | 8,257.83 | 1% |
| VXX | iPath S'P 500 VIX Short-Term Futures ETN | 108.44 | 1,814.84 | 6% |
| TNA | Direxion Daily Small Cap Bull 3x | 99.44 | 854.63 | 13% |
| XLI | Industrial Select SPDR | 85.52 | 3,023.28 | 3% |
| XLE | Energy Select SPDR | 68.88 | 7,323.32 | 1% |
| XLV | Health Care Select SPDR | 64.75 | 4,144.74 | 2% |
| PGF | PowerShares Financial Preferred | 40.55 | 1,636.95 | 3% |
| VCSH | Vanguard Short-Term Corporate Bond | 39.50 | 3,025.70 | 1% |
| IWO | iShares Russell 2000 Growth | 36.30 | 3,730.24 | 1% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S'P 500 | -1,778.01 | 96,283.34 | -2% |
| QQQ | PowerShares QQQ | -387.17 | 32,134.82 | -1% |
| GLD | SPDR Gold | -221.47 | 67,120.02 | -0% |
| DIA | SPDR Dow Jones Industrial Average Trust | -193.47 | 11,200.62 | -2% |
| XLF | Financial Select SPDR | -118.30 | 6,526.82 | -2% |
| XRT | SPDR S'P Retail | -114.42 | 674.46 | -15% |
| IYR | iShares Dow Jones U.S. Real Estate | -105.20 | 3,814.90 | -3% |
| IVV | iShares S'P 500 | -75.49 | 29,373.64 | -0% |
| TLT | iShares Barclays 20+ Year Treasury Bond | -70.72 | 2,934.96 | -2% |
| XLY | Consumer Discretionary Select SPDR | -55.20 | 2,989.63 | -2% |
ETF Daily Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | -2,698.00 | 527,945.88 | -0.51% |
| International Equity | 109.10 | 281,246.21 | 0.04% |
| U.S. Fixed Income | 137.35 | 196,911.18 | 0.07% |
| International Fixed Income | 15.80 | 15,521.81 | 0.10% |
| Commodities | -255.36 | 111,023.82 | -0.23% |
| Currency | 40.89 | 3,328.84 | 1.23% |
| Leveraged | 29.86 | 12,955.44 | 0.23% |
| Inverse | 84.26 | 20,257.78 | 0.42% |
| Asset Allocation | - | 1,089.72 | 0.00% |
| Alternatives | 119.46 | 4,220.21 | 2.83% |
| Total: | -2,416.64 | 1,174,500.90 | -0.21% |
Top 10 Volume Surprises, Funds '$50 mm AUM
| Ticker | Name | Average Volume (30 Day) |
1-Day Volume | % of Average |
| NLR | Market Vectors Uranium + Nuclear Energy | 52,473 | 430,527 | 820% |
| MCHI | iShares MSCI China | 245,761 | 1,467,961 | 597% |
| RYT | Guggenheim S'P Equal Weight Technology | 94,544 | 547,677 | 579% |
| DIM | WisdomTree International MidCap Dividend | 5,503 | 31,736 | 577% |
| VTWO | Vanguard Russell 2000 | 22,012 | 105,597 | 480% |
| IWL | iShares Russell Top 200 | 223,985 | 1,011,933 | 452% |
| HYMB | SPDR Nuveen S'P High Yield Municipal Bond | 41,612 | 175,544 | 422% |
| JKG | iShares Morningstar Mid Core | 15,285 | 63,946 | 418% |
| BLV | Vanguard Long-Term Bond | 49,574 | 206,807 | 417% |
| HYLD | AdvisorShares Peritus High Yield | 14,291 | 55,300 | 387% |
Top 10 1-Day Performers, Excluding Leverage/Inverse Funds and '1,000 Shares Traded
| Ticker | Name | 1-Day Performance | 1-Day Volume | AUM ($, mm) |
| CVOL | C-Tracks Exchange-Traded Notes on the Citi Volatility | 5.90% | 9,038 | 9.29 |
| UNG | United States Natural Gas | 4.79% | 12,578,712 | 784.57 |
| EGPT | Market Vectors Egypt | 4.12% | 30,694 | 45.97 |
| VXX | iPath S'P 500 VIX Short-Term Futures ETN | 3.32% | 45,777,537 | 1,814.84 |
| VIXY | ProShares VIX Short-Term | 3.24% | 565,592 | 147.84 |
| VIIX | VelocityShares VIX Short Term ETN | 3.17% | 274,326 | 25.84 |
| PMNA | PowerShares MENA Frontier Countries Portfolio | 2.53% | 5,366 | 19.62 |
| UNL | United States 12 Month Natural Gas | 1.94% | 42,941 | 27.31 |
| VXZ | iPath S'P 500 VIX Mid-Term Futures ETN | 1.93% | 447,244 | 235.74 |
| MES | Market Vectors Gulf States | 1.87% | 8,278 | 12.62 |
Bottom 10 1-Day Performers, Excluding Leverage/Inverse Funds and '1,000 Shares Traded
| Ticker | Name | 1-Day Performance | 1-Day Volume | AUM ($, mm) |
| EWD | iShares MSCI Sweden | -4.55% | 200,705 | 321.93 |
| EEHB | PowerShares S'P Emerging Markets High Beta | -4.46% | 1,190 | 2.25 |
| INDA | iShares MSCI India | -4.12% | 22,550 | 18.78 |
| KWT | Market Vectors Solar Energy | -3.98% | 48,301 | 11.96 |
| SCIF | Market Vectors India Small-Cap | -3.93% | 81,269 | 52.85 |
| CHIE | Global X China Energy | -3.91% | 13,700 | 5.38 |
| URA | Global X Uranium | -3.85% | 298,959 | 171.94 |
| SCIN | EGShares India Small Cap | -3.57% | 7,084 | 25.49 |
| INXX | EGShares India Infrastructure | -3.56% | 35,365 | 56.70 |
| EMT | EGShares Emerging Markets Metals ' Mining | -3.51% | 1,600 | 13.72 |
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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