Weekly ETF Flows: EEM Hauls In More Assets

IndexUniverse.com

 

Investors continued pouring money into the iShares MSCI Emerging Markets Index Fund (EEM) in the past week, in an ongoing aftermath to Vanguard Group’s announcement in early October that sometime next year its giant emerging markets fund that competes with EEM would stop using the same index as the iShares fund.

More than $2 billion flowed into EEM in the past week ended Thursday, Dec. 13, with the month-to-date total now at $3 billion and the grand total since the eve of Vanguard’s Oct. 2 announcement at $6.62 billion, according to data compiled by IndexUniverse. EEM was also the single most popular ETF in all of November.

Some ETF industry sources have argued that the positive flows for EEM relative to VWO—essentially a reversal of a broad pattern of the past few years—might be related to the fact that institutions still largely favor MSCI benchmarks. That would mean VWO, which next year will stop using the MSCI Emerging Markets Index that EEM uses, could be falling out of favor among such large investors who are preparing for the change.

Overall, investors plowed $11.3 billion into ETFs in the five days ended Thursday, Dec. 13, with $7.35 billion of that in U.S. equities and $3.9 billion of that in international equity. Total U.S-listed ETF assets rose 1.3 percent to more than $1.333 trillion—just shy of the all-time record of $1.338 trillion set on Dec. 12.

The asset gains were helped by the Dow Jones industrial average’s gain of 96 points, or 0.73 percent, in the same five-day period ended Thursday.

The most popular fund last week was, as it often is, the SPDR S'P 500 ETF (SPY). It pulled in $4.78 billion in fresh money. SPY is the oldest U.S.-listed ETF and the biggest, with more than $117 billion in assets.

On the flip side, last week’s least popular fund was the Technology Select Sector SPDR (XLK). The $8.4 billion ETF suffered redemptions of $662.3 million.

A number of bond funds also populated the biggest-redemptions list. The funds and their outflows were as follows:

  • iShares Barclays TIPS Bond Fund (TIP), -$269.5 million
  • iShares Barclays 20+ Year Treasury Bond Fund (TLT), -$185.4 million
  • iShares iBoxx $ High Yield Corporate Bond Fund (HYG), -$140.1 million

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S'P 500 4,779.99 117,568.17 4.24%
EEM iShares MSCI Emerging Markets 2,111.13 45,591.71 4.86%
IVV iShares Core S'P 500 1,211.84 34,277.33 3.66%
MDY SPDR S'P MidCap 400 557.12 10,344.75 5.69%
IWM iShares Russell 2000 410.28 16,397.60 2.57%
FXI iShares FTSE China 25 347.27 7,439.80 4.90%
IYJ iShares Dow Jones U.S. Industrial 331.23 727.60 83.56%
RSP Guggenheim S'P 500 Equal Weight 289.38 3,032.27 10.55%
XLY Consumer Discretionary Select SPDR 250.81 4,062.77 6.58%
VEA Vanguard MSCI EAFE 207.74 10,634.89 1.99%


Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
XLK Technology Select SPDR -662.32 8,390.00 -7.32%
TIP iShares Barclays TIPS Bond -269.46 22,421.87 -1.19%
DVY iShares Dow Jones Select Dividend -266.29 10,487.90 -2.48%
XLF Financial Select SPDR -209.33 8,241.68 -2.48%
TLT iShares Barclays 20+ Year Treasury Bond -185.35 3,236.90 -5.42%
IYR iShares Dow Jones U.S. Real Estate -180.53 4,427.85 -3.92%
HYG iShares iBoxx $ High Yield Corporate Bond -140.09 16,328.07 -0.85%
XRT SPDR S'P Retail -137.59 498.56 -21.63%
QQQ PowerShares QQQ -124.94 31,110.42 -0.40%
EWJ iShares MSCI Japan -123.19 4,438.37 -2.70%


ETF Weekly Daily Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
Leveraged -101.94 13,514.41 -0.75%
Currency -61.00 2,786.74 -2.19%
U.S. Equity 7,354.74 596,300.77 1.23%
International Equity 3,899.38 323,089.30 1.21%
Asset Allocation 25.65 2,375.27 1.08%
Commodities 221.72 120,410.08 0.18%
Inverse -126.60 17,549.53 -0.72%
International Fixed Income 403.69 25,636.47 1.57%
Alternatives -54.94 3,519.61 -1.56%
- - 0.00%
Total: 11,304.45 1,333,593.77 0.85%


Top 10 Volume Surprises, Funds '$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
GII SPDR FTSE/Macquarie Global Infrastructure 100 46,255 1,254,301 542.34%
EPS WisdomTree Earnings 500 5,994 129,561 432.30%
EXI iShares S'P Global Industrials 31,477 609,708 387.39%
CSD Guggenheim Spin-Off 32,529 593,525 364.92%
NFO Guggenheim Insider Sentiment 25,143 455,604 362.42%
RYJ Guggenheim Raymond James SB-1 Equity 31,515 514,196 326.32%
TMW SPDR Dow Jones Total Market 5,487 87,830 320.16%
VSS Vanguard FTSE All-World ex-US Small Cap 47,077 652,553 277.23%
EPU iShares MSCI All Peru Capped 195,126 2,590,637 265.53%
IWW iShares Russell 3000 Value 53,105 699,222 263.34%


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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
TAN Guggenheim Solar 14.68% 466,393 48.80
KWT Market Vectors Solar Energy 14.06% 25,848 11.01
JJT iPath Dow Jones-UBS Tin Total Return ETN 5.37% 10,149 6.33
FAA Guggenheim Airline 4.90% 33,775 16.96
PBW PowerShares WilderHill Clean Energy 4.71% 2,157,673 121.80
PKOL PowerShares Global Coal 4.53% 5,936 10.86
ARGT Global X FTSE Argentina 20 4.52% 38,039 2.99
LD iPath Dow Jones-UBS Lead Total Return ETN 4.10% 49,973 2.22
BRAF Global X Brazil Financials 4.07% 3,238 3.91
FGEM EGShares Financials GEMS 4.01% 7,500 5.41

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
GRN iPath Global Carbon ETN -10.01% 2,788 0.99
UNG United States Natural Gas -8.43% 49,430,852 1,160.10
CVOL C-Tracks Citi Volatility ETN -6.64% 111,412 4.35
NAGS Teucrium Natural Gas -5.94% 16,051 4.65
UNL United States 12 Month Natural Gas -5.89% 136,739 44.06
DCNG iPath Pure Beta Seasonal Natural Gas ETN -5.88% 55,128 49.13
GAZ iPath Dow Jones-UBS Natural Gas Total Return ETN -5.65% 598,631 36.32
JO iPath Dow Jones-UBS Coffee Total Return ETN -5.50% 765,605 66.35
WEAT Teucrium Wheat -5.39% 56,160 3.34
CAFE iPath Pure Beta Coffee ETN -4.75% 15,834 1.91

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
ITB iShares Dow Jones U.S. Home Construction 71.59 2.06 1,581.13
TUR iShares MSCI Turkey Investable Market 61.38 1.54 721.72
TAO Guggenheim China Real Estate 53.48 -1.14 78.83
XHB SPDR S'P Homebuilders 52.14 0.90 2,114.43
INCO EGShares India Consumer 51.80 -2.49 7.21
BBH Market Vectors Biotech 51.03 1.42 145.72
EPHE iShares MSCI Philippines Investable Market 45.35 -0.82 205.70
IFAS iShares FTSE EPRA/NAREIT Developed Asia 42.48 0.63 33.50
FBT First Trust NYSE Arca Biotechnology 40.75 1.46 239.04
PKB PowerShares Dynamic Building ' Construction 40.26 1.45 62.09

Bottom 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
VXX iPath S'P 500 VIX Short-Term Futures ETN -78.80 -1.35 1,172.25
VIIX VelocityShares VIX Short Term ETN -78.77 -1.39 12.30
VIXY ProShares VIX Short-Term -78.70 -1.45 146.70
CVOL C-Tracks Citi Volatility ETN -74.45 -6.64 4.35
VXZ iPath S'P 500 VIX Mid-Term Futures ETN -53.73 -0.81 70.93
VIXM ProShares VIX Mid-term -53.54 -1.31 90.14
VIIZ VelocityShares VIX Mid Term ETN -51.96 -7.66 5.09
JO iPath Dow Jones-UBS Coffee Total Return ETN -43.15 -5.50 66.35
CAFE iPath Pure Beta Coffee ETN -40.97 -4.75 1.91
GRN iPath Global Carbon ETN -34.20 -10.01 0.99

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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