Weekly ETF Flows: Into IWM, Out Of GLD

ETF.com

Investors poured fresh money into exchange-traded funds last week, as more measured comments from Federal Reserve Chairman about the end of the era of easy money lifted financial markets out of the selling mode that has prevailed for almost the past two months.

Net inflows totaled more than $9 billion—with U.S. equities inflows totaling more than $11 billion—and total U.S.-listed ETF assets jumped to just shy of $1.5 trillion at the end of the five-day period ended Thursday, July 11, according to data compiled by IndexUniverse. The S'P 500 meanwhile rose about 1.4 percent to a fresh record of 1,675.02.

Apart from the SPDR S'P 500 ETF (SPY), which pulled in almost $6 billion, the iShares Russell 2000 ETF (IWM) gathered almost $1.5 billion.

On the flip side, SPDR Gold Shares (GLD), the world’s biggest physical gold ETF, suffered redemptions of more than $1 billion, with total assets at just shy of $39 billion, or about 45 percent below where they were at the end of last year.

Gold’s fate is a perfect metaphor for views in financial markets that the macroeconomy is starting to stabilize after the market crash five years ago. Bernanke’s newest comments this week that quantitative easing and zero short-term interest rates won’t end as quickly as some had feared helped to put gold on the defensive. The lack of inflation in the wake of the Fed’s QE has damaged gold’s allure, analysts say.

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S'P 500 5,936.31 145,442.46 4.26%
IWM iShares Russell 2000 1,460.17 25,048.32 6.19%
XLY Consumer Discretionary Select SPDR 583.18 6,905.77 9.22%
XLK Technology Select SPDR 384.62 11,269.34 3.53%
XLF Financial Select SPDR 337.81 15,807.51 2.18%
DXJ WisdomTree Japan Hedged Equity 336.80 10,986.55 3.16%
VXX iPath S'P 500 VIX Short-Term Futures ETN 314.44 1,270.98 32.87%
IWO iShares Russell 2000 Growth 290.62 5,484.24 5.60%
MDY SPDR S'P MidCap 400 286.03 13,547.84 2.16%
DIA SPDR Dow Jones Industrial Average Trust 260.30 13,367.76 1.99%


Top 6 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
GLD SPDR Gold -1,005.58 38,787.58 -2.53%
FBG UBS AG FI Enhanced Big Cap Growth ETN -742.47 99.67 -88.16%
VWO Vanguard FTSE Emerging Markets -581.12 49,038.02 -1.17%
TLT iShares 20+ Year Treasury Bond -492.22 3,512.65 -12.29%
EEM iShares MSCI Emerging Markets -386.47 34,904.52 -1.10%
USMV iShares MSCI USA Minimum Volatility -347.29 3,345.62 -9.40%


ETF Weekly Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 11,890.42 789,595.56 1.51%
International Equity -329.58 336,505.80 -0.10%
U.S. Fixed Income -763.78 229,091.15 -0.33%
International Fixed Income 8.16 26,022.73 0.03%
Commodities -1,056.28 73,731.67 -1.43%
Currency 24.93 2,304.19 1.08%
Leveraged -779.08 15,562.27 -5.01%
Inverse 205.47 19,933.44 1.03%
Asset Allocation 14.10 3,638.23 0.39%
Alternatives 355.49 3,278.91 10.84%
Total: 9,569.86 1,499,663.94 0.64%


Top 10 Volume Surprises, Funds '$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
ONEQ Fidelity NASDAQ Composite Tracking Stock 28,440 625,711 440.02%
MTUM iShares MSCI USA Momentum Factor 11,160 232,971 417.52%
DNL WisdomTree Global ex-U.S. Growth 16,876 306,314 363.03%
PRN PowerShares Dynamic Industrials 18,362 300,156 326.93%
PAF PowerShares FTSE RAFI Asia Pacific ex-Japan 11,672 189,577 324.83%
ZROZ PIMCO 25+ Year Zero Coupon U.S. Treasury 39,114 569,000 290.95%
EPOL iShares MSCI Poland Capped 316,616 4,495,727 283.99%
RYJ Guggenheim Raymond James SB-1 Equity 37,139 508,376 273.77%
GMM SPDR S'P Emerging Markets 55,758 756,221 271.25%
JSC SPDR Russell/Nomura Small Cap Japan 21,608 285,294 264.06%


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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
SILJ PureFunds ISE Junior Silver (Small Cap Miners/Explorers) 8.13% 35,999 1.55
EFNL iShares MSCI Finland Capped 8.10% 27,511 4.10
TAN Guggenheim Solar 7.85% 1,530,733 136.45
NLR Market Vectors Uranium + Nuclear Energy 7.84% 37,282 76.40
FXI iShares China Large-Cap 7.63% 105,239,330 5,161.74
EWAS iShares MSCI Australia Small-Cap 7.62% 4,290 0.99
UGA United States Gasoline 7.01% 182,349 63.44
CHIX Global X China Financials 6.99% 52,710 5.30
PAF PowerShares FTSE RAFI Asia Pacific ex-Japan 6.65% 189,577 52.55
KROO IQ Australia Small Cap 6.65% 18,979 8.89

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 -26.80% 89,693 1.95
VIXY ProShares VIX Short-Term -14.63% 3,020,108 171.83
VXX iPath S'P 500 VIX Short-Term Futures ETN -14.61% 222,934,182 1,270.98
VIIX VelocityShares VIX Short Term ETN -14.55% 4,638,993 23.14
FUE ELEMENTS MLCX Biofuels Total Return ETN -10.55% 5,492 0.98
VIIZ VelocityShares VIX Mid Term ETN -9.65% 103,540 5.74
VIXM ProShares VIX Mid-term -9.59% 581,913 69.31
VXZ iPath S'P 500 VIX Mid-Term Futures ETN -9.44% 2,023,609 54.03
GRN iPath Global Carbon ETN -8.32% 10,421 0.84
NINI iPath Pure Beta Nickel ETN -4.76% 3,900 2.97

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
TAN Guggenheim Solar 64.32 7.85 136.45
QCLN First Trust NASDAQ Clean Edge Green Energy 63.80 4.99 56.78
GEX Market Vectors Global Alternative Energy 47.34 5.42 76.82
PBW PowerShares WilderHill Clean Energy 42.01 5.92 189.29
BBH Market Vectors Biotech 41.08 5.42 328.16
KWT Market Vectors Solar Energy 40.77 5.49 15.21
PBE PowerShares Dynamic Biotech ' Genome 39.73 6.12 178.53
FBT First Trust NYSE Arca Biotechnology 37.48 6.26 612.46
IBB iShares Nasdaq Biotechnology 37.33 5.38 3,476.90
DBJP db X-trackers MSCI Japan Hedged Equity 37.30 2.93 140.84

Bottom 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
CVOL C-Tracks Citi Volatility ETN -67.17 -26.80 1.95
GLDX Global X Gold Explorers -53.49 4.61 28.25
GDXJ Market Vectors Junior Gold Miners -51.58 5.91 1,268.85
GGGG Global X PURE Gold Miners -51.19 0.10 3.24
SILJ PureFunds ISE Junior Silver (Small Cap Miners/Explorers) -47.06 8.13 1.55
RING iShares MSCI Global Gold Miners -46.79 3.88 27.80
GDX Market Vectors Gold Miners -46.17 3.27 6,195.10
VIIX VelocityShares VIX Short Term ETN -46.08 -14.55 23.14
VXX iPath S'P 500 VIX Short-Term Futures ETN -45.99 -14.61 1,270.98
VIXY ProShares VIX Short-Term -45.68 -14.63 171.83

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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