Weekly ETF Flows: Into Japan, Out Of Gold

ETF.com

Investors piled more money into Japanese ETFs—yen-hedged and unhedged alike—amid continuing belief that Japan’s ongoing efforts to weaken the yen against the dollar will successfully spur Japan’s export sector and its economy.

Gold funds continued to lose assets in the five-day trading period ended on Thursday, April 25, even though the yellow metal rebounded from a sharp sell-off earlier in the month.

Overall, net inflows into ETFs totaled more than $2 billion in the past week, and total assets in U.S.-listed ETFs climbed 2.7 percent to $1.474 trillion from the $1.434 trillion in the prior week, according to data compiled by IndexUniverse. Much of the asset gain was due to the S'P 500, which rallied 43.55 points, or 2.82 percent, to 1585.16.

On the Japan front, the iShares MSCI Japan Index Fund (EWJ) hauled in $551.8 million, making it the most popular fund in the past week. The WisdomTree Japan Hedged Equity Fund (DXJ) was the No. 2 ETF on IndexUniverse’s “Top 10 Creations” list, pulling in $415.3 million.

DXJ, which pulls the weakening-yen variable off the table, is the second-highest-returning ETF so far this year, topped only by the db X-trackers MSCI Japan Hedged Equity ETF (DBJP), another yen-hedged fund focused on Japanese equities.

DBJP has gained 35.75 percent this year, while DXJ has jumped 31.67 percent, with both insulated from the yen’s 11.62 percent slide against the dollar this year.

The least-popular ETF was SPDR Gold Shares (GLD), the physical bullion fund sponsored by State Street. It bled almost $2 billion in assets last week.

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
EWJ iShares MSCI Japan 551.80 10,453.50 5.57%
DXJ WisdomTree Japan Hedged Equity 415.31 7,553.94 5.82%
USMV iShares MSCI USA Minimum Volatility 405.57 3,659.36 12.46%
SPLV PowerShares S'P 500 Low Volatility 376.67 5,204.66 7.80%
OIH Market Vectors Oil Services 343.80 1,525.85 29.08%
BKLN PowerShares Senior Loan 298.68 3,681.13 8.83%
USO United States Oil 239.89 1,118.23 27.31%
VTV Vanguard Value 239.42 9,470.03 2.59%
XLY Consumer Discretionary Select SPDR 212.04 4,507.15 4.94%
XLI Industrial Select SPDR 208.34 4,257.20 5.15%


Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
GLD SPDR Gold -1,949.13 50,841.56 -3.69%
SPY SPDR S'P 500 -970.76 130,394.48 -0.74%
TIP iShares Barclays TIPS Bond -802.52 20,460.13 -3.77%
DIA SPDR Dow Jones Industrial Average Trust -411.45 12,132.28 -3.28%
IYR iShares Dow Jones U.S. Real Estate -331.64 5,650.60 -5.54%
XRT SPDR S'P Retail -281.42 619.47 -31.24%
EEM iShares MSCI Emerging Markets -244.88 44,408.25 -0.55%
GDX Market Vectors Gold Miners -152.84 6,162.42 -2.42%
MDY SPDR S'P MidCap 400 -145.76 11,807.33 -1.22%
XLK Technology Select SPDR -127.58 9,369.89 -1.34%


ETF Weekly Daily Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 1,053.01 715,788.55 0.15%
International Equity 1,734.04 357,119.06 0.49%
U.S. Fixed Income 1,089.15 240,043.97 0.45%
International Fixed Income 274.56 28,580.32 0.96%
Commodities -1,924.43 90,367.80 -2.13%
Currency -31.46 2,661.41 -1.18%
Leveraged -241.01 13,360.37 -1.80%
Inverse 183.53 19,425.82 0.94%
Asset Allocation 58.61 3,340.41 1.75%
Alternatives -101.23 3,301.31 -3.07%
Total: 2,094.77 1,473,989.05 0.14%


Top 10 Volume Surprises, Funds '$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
VONG Vanguard Russell 1000 Growth 30,378 664,387 437.41%
IDLV PowerShares S'P International Developed Low Volatility 65,129 1,090,500 334.88%
GSP iPath S'P GSCI Total Return ETN 26,347 392,008 297.57%
TUZ PIMCO 1-3 Year U.S. Treasury 28,703 390,231 271.91%
GSC GS Connect S'P GSCI Enhanced Commodity Total Return Strategy ETN 19,013 251,360 264.41%
ECON EGShares Emerging Markets Consumer 315,983 4,125,334 261.11%
GYLD Arrow Dow Jones Global Yield 36,056 468,526 259.89%
DTYS iPath U.S. Treasury 10-Year Bear ETN 58,800 718,620 244.43%
EEMA iShares MSCI Emerging Markets Asia 126,261 1,467,736 232.49%
BSCI Guggenheim BulletShares 2018 Corporate Bond 50,418 572,699 227.18%


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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
TAN Guggenheim Solar 15.67% 1,123,477 67.07
GGGG Global X PURE Gold Miners 12.42% 68,157 3.10
KWT Market Vectors Solar Energy 12.34% 14,896 12.53
GLDX Global X Gold Explorers 11.08% 897,863 29.89
ITB iShares Dow Jones U.S. Home Construction 10.75% 27,453,578 2,295.53
PBW PowerShares WilderHill Clean Energy 10.64% 1,484,541 138.23
GDXJ Market Vectors Junior Gold Miners 10.56% 25,285,249 1,740.21
SIL Global X Silver Miners 10.41% 1,092,118 229.83
QCLN First Trust NASDAQ Clean Edge Green Energy 9.48% 287,760 31.73
AZIA Global X Central Asia ' Mongolia 9.23% 3,932 2.20

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
VXX iPath S'P 500 VIX Short-Term Futures ETN -13.85% 258,759,190 1,206.11
VIIX VelocityShares VIX Short Term ETN -13.85% 3,584,663 20.59
VIXY ProShares VIX Short-Term -13.81% 10,970,553 190.60
GAZ iPath Dow Jones-UBS Natural Gas Total Return ETN -6.45% 814,068 43.69
VXZ iPath S'P 500 VIX Mid-Term Futures ETN -6.18% 2,875,030 52.43
VIXM ProShares VIX Mid-term -6.18% 288,862 58.09
VIIZ VelocityShares VIX Mid Term ETN -6.18% 9,600 3.66
UNG United States Natural Gas -5.25% 27,607,912 889.16
DCNG iPath Pure Beta Seasonal Natural Gas ETN -4.21% 38,210 42.12
UNL United States 12 Month Natural Gas -3.94% 94,207 37.83

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
DBJP db X-trackers MSCI Japan Hedged Equity 35.75 3.80 56.06
DXJ WisdomTree Japan Hedged Equity 31.67 4.52 7,553.94
BBH Market Vectors Biotech 31.37 5.07 291.62
IDXJ Market Vectors Indonesia Small Cap 26.49 0.93 10.24
IBB iShares NASDAQ Biotechnology 26.15 4.99 2,992.55
TAN Guggenheim Solar 25.31 15.67 67.07
GAZ iPath Dow Jones-UBS Natural Gas Total Return ETN 24.39 -6.45 43.69
QCLN First Trust NASDAQ Clean Edge Green Energy 24.16 9.48 31.73
PBE PowerShares Dynamic Biotech ' Genome 23.91 4.46 154.34
FBT First Trust NYSE Arca Biotechnology 23.42 5.52 323.93

Bottom 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
GRN iPath Global Carbon ETN -60.02 -3.76 0.48
GLDX Global X Gold Explorers -42.72 11.08 29.89
VXX iPath S'P 500 VIX Short-Term Futures ETN -38.67 -13.85 1,206.11
VIIX VelocityShares VIX Short Term ETN -38.67 -13.85 20.59
VIXY ProShares VIX Short-Term -38.21 -13.81 190.60
GDXJ Market Vectors Junior Gold Miners -34.80 10.56 1,740.21
GGGG Global X PURE Gold Miners -34.23 12.42 3.10
GDX Market Vectors Gold Miners -34.03 8.34 6,162.42
RING iShares MSCI Global Gold Miners -33.26 7.65 29.44
SIL Global X Silver Miners -33.02 10.41 229.83

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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