New ‘Core’ IVV Leads Oct. ETF Flows

IndexUniverse.com

 

Investors poured a net of $2.84 billion into exchange-traded funds in October, even as more than $11 billion flowed out of U.S. equities. The Dow Jones industrial average fell 2.5 percent last month on renewed macroeconomic concern, pulling total U.S.-listed ETF assets down about 1 percent to less than $1.289 trillion.

So far this year, $139.23 billion have flowed into U.S.-listed ETFs, and, including market movement, total assets are up 21 percent from the $1.062 trillion in assets at the end of 2011. Assets are meanwhile up 19 percent compared with October 2011, according to data compiled by IndexUniverse.

The outflows from U.S. equities were offset by $7 billion in inflows to international equity, more than $5 billion into fixed-income and upwards of $2 billion into commodities.

Last month's least popular fund was the SPDR S'P 500 ETF (SPY), the world's largest ETF, which suffered outflows of more than $7 billion. Investors were again fretting as macroeconomic data on the economy was showing signs of faltering and debt problems in the eurozone again threatened market stability.

Score 1 For 'Core'

But the most popular fund last month, the iShares Core S'P 500 ETF (IVV), showed that ETF sponsors can definitely move the asset-gathering needle by jockeying for bragging rights by marketing ultra-cheap funds.

IVV was reintroduced by iShares last month with a cheaper price—the new version costs 0.07 percent a year compared with its previous expense ratio of 0.09 percent. The new IVV gathered more than $2 billion, and its assets ended the month at more than $33 billion.

IVV's re-christening was part of the introduction of iShares' new "Core" brand of ETFs designed for long-term investors interested in paying as little as possible in management fees for broad, pure beta exposure funds that can serve as the cornerstone of any portfolio.

A Good Month For iShares

IVV was the leading edge of a solid month of asset gathering for BlackRock's iShares unit, the biggest ETF company in the world.

iShares and the No. 3 ETF firm Vanguard each saw asset inflows that represented roughly 1.4 percent of each firm's total assets coming into the month. iShares pulled in $7.77 billion, while Vanguard added $3.28 billion in assets.

State Street Global Advisors, the second-largest ETF provider by assets, meanwhile suffered redemptions of $9.3 billion last month, much of that related to outflows from SPY.

Also, three iShares emerging market ETFs were among the month's most popular funds, including the iShares MSCI Emerging Markets Index Fund (EEM), which saw inflows of $1.26 billion.

All in all, investors poured more than $7 billion into international equities ETFs in October.

Other noteworthy creations last month were in gold. SPDR Gold Shares (GLD), the world's biggest bullion ETF, and the iShares Gold Trust (IAU) raked in $922 million and $480 million, respectively.

Additionally, some $5.5 billion of new investor assets found their way into fixed-income ETFs last month, with U.S. debt funds snagging $3.2 billion of that total.

The iShares iBoxx $ Investment Grade Corporate Bond Fund (LQD), the world's biggest debt ETF, and the Vanguard Short-Term Corporate Bond Fund (VCSH) were the most popular fixed-income ETFs in October, with inflows of $817 million and $569 million, respectively.

 

Oct. 2012 Assets by Class and Total Assets ($, Millions)

Assets By Class And Total Assets Net Flows ($, M) AUM ($, M) % of AUM
U.S.

Equity

-11,071.74 577,489.84 -1.92%
International Equity 7,062.89 301,365.82 2.34%
U.S. Fixed Income 3,189.53 225,325.58 1.42%
International Fixed Income 2,337.58 23,448.38 9.97%
Commodities 1,714.58 120,240.96 1.43%
Currency - 239.65 2,769.74 -8.65%
Leveraged 379.83 12,835.37 2.96%
Inverse - 482.84 18,823.28 -2.57%
Asset Allocation 79.79 2,268.73 3.52%
Alternatives - 129.58 4,017.96 -3.22%
Total: 2,840.40 1,288,585.66 0.22%


Oct. 2012 Biggest Losers ($, Millions)

Ticker Name Issuer October 2012 Flows October 2012
AUM ($, M)
October 2012 Turnover
SPY SPDR S'P 500 SSgA - 7,197.71 109,025.05 433,030.21
QQQ PowerShares QQQ Invesco PowerShares - 2,309.07 30,671.54 65,370.72
IWM iShares Russell 2000 BlackRock - 1,307.42 16,670.89 67,693.70
DIA SPDR Dow Jones Industrial Average Trust SSgA - 1,128.59 10,321.87 16,072.06
IJH iShares Core S'P Mid-Cap BlackRock -924.66 11,253.84 2,716.46
MDY SPDR S'P MidCap 400 SSgA -772.95 9,256.57 8,745.37
OEF iShares S'P 100 BlackRock -769.99 4,114.10 2,259.44
XLK Technology Select SPDR SSgA -658.05 9,384.77 6,744.56
MVV ProShares Ultra MidCap 400 ProShares -527.46 71.82 811.39
TIP iShares Barclays TIPS Bond BlackRock -462.89 22,823.30 2,516.15


Oct. 2012 Top Gainers ($, Millions)

Ticker Name Issuer October 2012 Flows October 2012 AUM ($, M) October 2012 Turnover
IVV iShares Core S'P 500 BlackRock 2,050.57 33,192.75 10,523.36
EEM iShares MSCI Emerging Markets BlackRock 1,259.94 38,247.98 42,239.24
FXI iShares FTSE China 25 BlackRock 997.41 5,985.21 12,366.22
GLD SPDR Gold SSgA 922.02 73,827.81 30,129.78
LQD iShares iBoxx $ Investment Grade Corporate Bond BlackRock 817.72 25,476.62 6,359.75
SSO ProShares Ultra S'P 500 ProShares 623.89 1,646.89 9,087.06
EWZ iShares MSCI Brazil BlackRock 581.72 9,034.74 15,388.62
VCSH Vanguard Short-Term Corporate Bond Vanguard 569.70 4,493.80 973.77
PCY PowerShares Emerging Markets Sovereign Debt Invesco PowerShares 497.89 2,805.69 978.76
IAU iShares Gold Trust BlackRock 480.15 11,578.64 2,440.61

 


October 2012 League Tables
Issuer Net Flows AUM ($, M) % of AUM Turnover
BlackRock 7,773.25 529,828.15 1.47% 300,909.43
SSgA - 9,317.40 312,117.00 -2.99% 603,319.35
Vanguard 3,282.02 231,930.28 1.42% 39,988.77
Invesco PowerShares - 1,275.85 70,354.64 -1.81% 74,434.73
Van Eck 791.63 28,493.13 2.78% 26,260.32
ProShares 121.67 22,313.03 0.55% 72,254.90
WisdomTree 47.04 16,751.19 0.28% 3,847.13
Guggenheim -143.10 11,753.37 -1.22% 4,866.72
PIMCO 529.14 8,357.98 6.33% 2,578.64
First Trust 129.60 8,051.06 1.61% 1,594.94
Charles Schwab 362.36 7,857.10 4.61% 1,355.92
Barclays Capital -194.36 6,524.17 -2.98% 21,452.71
Direxion -200.45 5,964.86 -3.36% 42,549.51
JPMorgan - 5,253.34 0.00% 583.16
ALPS 218.29 4,597.22 4.75% 622.25
ETF Securities - 74.30 4,077.49 -1.82% 704.82
US Commodity Funds 346.17 3,276.32 10.57% 12,013.70
Northern Trust 172.18 1,786.64 9.64% 267.75
Global X 15.93 1,446.70 1.10% 638.09
UBS 96.24 1,328.08 7.25% 380.66
Merrill Lynch - 0.19 1,194.12 -0.02% 135.31
VelocityShares 118.60 783.31 15.14% 6,315.66
Emerging Global Shares 0.62 781.34 0.08% 94.61
AdvisorShares 40.88 696.65 5.87% 231.51
IndexIQ 12.24 558.71 2.19% 132.69
GreenHaven - 9.11 490.72 -1.86% 53.54
Pacer Financial - 2.71 432.19 -0.63% 34.43
Credit Suisse - 6.39 429.46 -1.49% 99.43
RBS Securities 4.35 198.63 2.19% 30.84
Precidian - 188.95 0.00% 124.71
Fidelity - 176.58 0.00% 23.30
Deutsche Bank - 9.32 140.42 -6.64% 12.65
Exchange Traded Concepts 12.33 92.74 13.30% 28.05
Teucrium - 2.57 78.66 -3.27% 96.16
Jefferies - 78.33 0.00% 10.97
FFCM - 3.27 48.42 -6.76% 6.67
Morgan Stanley - 30.38 0.00% 5.23
Columbia - 25.53 0.00% 8.30
Pax World - 22.01 0.00% 4.16
Arrow Investment Advisors 3.88 21.41 18.11% 6.68
BNP Paribas - 16.62 0.00% 0.30
Factor Advisor - 15.22 0.00% 3.29
Huntington Strategy Shares - 13.17 0.00% 2.37
CitiGroup 0.97 6.09 15.97% 3.45
Russell - 4.25 0.00% 2.98
Goldman Sachs - - - 19.56

 


Oct. 2012 ETF Giants ($, Millions)

Ticker Name Issuer October 2012 Flows October 2012
AUM ($, M)
October 2012 Turnover
SPY SPDR S'P 500 SSgA -7,197.71 109,025.05 433,030.21
GLD SPDR Gold SSgA 922.02 73,827.81 30,129.78
VWO Vanguard MSCI Emerging Markets Vanguard 0.58 57,118.93 15,390.64
EEM iShares MSCI Emerging Markets BlackRock 1,259.94 38,247.98 42,239.24
EFA iShares MSCI EAFE BlackRock 289.73 36,944.95 18,744.13
IVV iShares Core S'P 500 BlackRock 2,050.57 33,192.75 10,523.36
QQQ PowerShares QQQ Invesco PowerShares -2,309.07 30,671.54 65,370.72
LQD iShares iBoxx $ Investment Grade Corporate Bond BlackRock 817.72 25,476.62 6,359.75
VTI Vanguard Total Stock Market Vanguard 196.68 23,080.88 2,712.50
TIP iShares Barclays TIPS Bond BlackRock - 462.89 22,823.30 2,516.15


Oct. 2012 Liquidity Mavens

Ticker Name Issuer October 2012 Flows October 2012
AUM ($, M)
October 2012 Turnover
SPY SPDR S'P 500 SSgA -7,197.71 109,025.05 433,030.21
IWM iShares Russell 2000 BlackRock -1,307.42 16,670.89 67,693.70
QQQ PowerShares QQQ Invesco PowerShares -2,309.07 30,671.54 65,370.72
EEM iShares MSCI Emerging Markets BlackRock 1,259.94 38,247.98 42,239.24
GLD SPDR Gold SSgA 922.02 73,827.81 30,129.78
XLF Financial Select SPDR SSgA 115.93 8,230.53 22,082.93
VXX iPath S'P 500 VIX Short-Term Futures ETN Barclays Capital -151.30 1,628.79 19,871.51
XLE Energy Select SPDR SSgA -400.01 7,231.96 18,922.43
EFA iShares MSCI EAFE BlackRock 289.73 36,944.95 18,744.13
DIA SPDR Dow Jones Industrial Average Trust SSgA -1,128.59 10,321.87 16,072.06

 

Permalink | ' Copyright 2012 IndexUniverse LLC. All rights reserved

More From IndexUniverse.com
View Comments