Weekly ETF Flows: IEI Sheds 40% Of Assets

ETF.com

Investors plowed nearly $6 billion into U.S.-listed ETFs last week, lifting total assets to a record $1.548 trillion, though a popular intermediate-dated Treasury note fund lost 40 percent of its assets—the latest sign that investors are adjusting duration risk as they digest news about Fed policy and the macro economy.

While U.S. equities funds led the inflows, the iShares 3-7 Year Treasury Bond ETF (IEI) suffered redemptions of $1.88 billion. That dropped its assets to $2.9 billion. The fund has been the focus of big creation and redemptions in recent months as investors calibrate interest-rate risk in connection with Fed messaging concerning the fate of quantitative easing.

Overall, total assets in U.S.-listed rose 1.5 percent in the week ended Thursday, Aug. 1 to $1.548 trillion, according to data compiled by IndexUniverse. The S'P 500 Index meanwhile rose 1 percent to a record of 1706.87 in the same period.

The SPDR S'P 500 ETF (SPY) was the week’s most popular fund, garnering inflows of $3.4 billion and ending the period with $156.55 billion in total assets under management.

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S'P 500 3,401.72 156,553.45 2.22%
IJH iShares Core S'P Mid-Cap 1,887.33 19,570.13 10.67%
VGK Vanguard FTSE Europe 464.17 6,825.35 7.30%
EZU iShares MSCI EMU 283.94 2,715.25 11.68%
IVV iShares Core S'P 500 187.56 45,388.20 0.41%
VEA Vanguard FTSE Developed Markets 186.85 14,622.43 1.29%
XLP Consumer Staples Select SPDR 184.21 6,827.41 2.77%
VCSH Vanguard Short-Term Corporate Bond 182.41 6,508.60 2.88%
BKLN PowerShares Senior Loan 181.62 5,000.88 3.77%
XLU Utilities Select SPDR 175.13 5,947.21 3.03%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
ERW Equal Risk Weighted Large Cap 0%
IEI iShares 3-7 Year Treasury Bond -1,876.44 2,899.47 -39.29%
IWM iShares Russell 2000 -559.28 25,926.54 -2.11%
XLE Energy Select SPDR -337.56 8,349.15 -3.89%
DXJ WisdomTree Japan Hedged Equity -292.70 10,912.95 -2.61%
SHV iShares Short Treasury Bond -275.61 4,619.06 -5.63%
GLD SPDR Gold -266.76 38,921.99 -0.68%
XLF Financial Select SPDR -245.14 16,957.89 -1.42%
EWZ iShares MSCI Brazil Capped -215.79 5,583.71 -3.72%
SHY iShares 1-3 Year Treasury Bond -202.39 8,112.55 -2.43%
TIP iShares TIPS Bond -190.80 15,211.21 -1.00%

ETF Weekly Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 6,103.56 826,633.63 0.74%
International Equity 1,090.85 345,311.67 0.32%
U.S. Fixed Income -1,737.42 228,711.74 -0.76%
International Fixed Income 63.11 25,749.31 0.25%
Commodities -164.93 74,212.99 -0.22%
Currency -22.96 2,215.75 -1.04%
Leveraged 114.19 16,722.29 0.68%
Inverse 216.55 19,991.36 1.08%
Asset Allocation 8.30 3,674.89 0.23%
Alternatives 74.65 3,519.70 2.12%
Total: 5,745.90 1,546,743.31 0.37%

Top 10 Volume Surprises, Funds '$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
IBCC iSharesBondTM 2018 Corporate ex-Financials Term 37,334 1,030,173 551.86%
MVV ProShares Ultra MidCap 400 505,764 13,290,097 525.55%
FBG UBS AG FI Enhanced Big Cap Growth ETN 87,577 1,649,929 376.80%
IXP iShares Global Telecom 71,821 1,292,538 359.93%
JXI iShares Global Utilities 51,281 915,015 356.86%
EXI iShares Global Industrials 50,115 856,740 341.91%
IJH iShares Core S'P Mid-Cap 1,520,624 25,276,342 332.45%
UST ProShares Ultra 7-10 Year Treasury 1,386,237 22,788,862 328.79%
BSCJ Guggenheim BulletShares 2019 Corporate Bond 37,768 620,013 328.33%
EWK iShares MSCI Belgium Capped 95,813 1,569,275 327.57%

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
TDX db X-trackers In-Target Date 7.07% 3,196 11.35
JJT iPath Dow Jones-UBS Tin Total Return ETN 6.64% 1,017 3.80
GREK Global X FTSE Greece 20 5.79% 340,877 51.74
PGJ PowerShares Golden Dragon China 5.05% 319,025 208.17
SOCL Global X Social Media 4.10% 146,282 11.17
SGAR iPath Pure Beta Sugar ETN 4.07% 1,400 2.48
XPH SPDR S'P Pharmaceuticals 3.81% 184,939 513.71
FNY First Trust Mid Cap Growth AlphaDEX 3.79% 33,931 22.67
STPP iPath U.S. Treasury Steepener ETN 3.67% 40,831 13.64
IYT iShares Transportation Average 3.63% 1,323,550 625.64

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
CVOL C-Tracks Citi Volatility ETN -12.52% 72,038 1.83
SCIN EGShares India Small Cap -9.99% 175,738 17.37
SCIF Market Vectors India Small-Cap -9.19% 372,286 80.07
SOIL Global X Fertilizers/Potash -8.45% 281,796 19.23
SMIN iShares MSCI India Small-Cap -8.26% 2,375 2.61
GAZ iPath Dow Jones-UBS Natural Gas Total Return ETN -7.60% 515,853 32.18
JO iPath Dow Jones-UBS Coffee Total Return ETN -7.57% 386,935 89.54
UNG United States Natural Gas -7.49% 41,771,219 883.41
INCO EGShares India Consumer -7.16% 25,394 4.19
CAFE iPath Pure Beta Coffee ETN -6.99% 31,525 4.35

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
TAN Guggenheim Solar 78.01 -0.04 182.24
QCLN First Trust NASDAQ Clean Edge Green Energy 70.72 2.06 63.91
GEX Market Vectors Global Alternative Energy 55.42 3.05 83.59
KWT Market Vectors Solar Energy 51.48 -0.16 16.22
BBH Market Vectors Biotech 50.19 2.28 373.44
IBB iShares Nasdaq Biotechnology 46.26 2.64 3,770.90
PBE PowerShares Dynamic Biotech ' Genome 45.59 1.12 192.50
PBW PowerShares WilderHill Clean Energy 44.73 -0.85 201.77
FAN First Trust ISE Global Wind Energy 42.13 2.19 44.62
KBWI PowerShares KBW Insurance 41.91 3.55 9.01

Bottom 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
CVOL C-Tracks Citi Volatility ETN -75.31 -12.52 1.83
VIIX VelocityShares VIX Short Term ETN -54.15 -6.18 17.24
VXX iPath S'P 500 VIX Short-Term Futures ETN -54.10 -6.17 1,388.90
VIXY ProShares VIX Short-Term -53.82 -6.30 171.35
GLDX Global X Gold Explorers -50.52 -5.36 29.99
GDXJ Market Vectors Junior Gold Miners -49.84 -6.96 1,331.59
GGGG Global X PURE Gold Miners -45.13 -2.13 3.38
SILJ PureFunds ISE Junior Silver (Small Cap Miners/Explorers) -44.93 -3.74 1.65
RING iShares MSCI Global Gold Miners -44.12 -4.04 34.02
GDX Market Vectors Gold Miners -43.59 -3.82 6,666.81

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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