Investors plowed almost $8 billion into the SPDR S'P 500 ETF (SPY - News) in the past week, as markets gyrated with the tortured tale that is the eurozone, but somehow ended higher. Including the market’s movements, total ETF assets rose about 1.5 percent to almost $1.160 billion.
A number of bond funds also made it onto IndexUniverse’s top creations list – a fitting piece of a flows tale that has been dominated by flight-to quality concerns among investors in the grips of the idea that they may have a ringside seat to the end of the eurozone as we know it. Parliamentary elections this Sunday, June 17 in Greece should provide an important indication of which way things are heading.
The bond ETFs that made it onto IndexUniverse’s weekly “Top 10 Redemptions” and their inflows were:
- iShares Barclays Intermediate Credit Bond Fund (CIU - News), $737.1 million
- iShares iBoxx $ Investment Grade Corporate Bond Fund (LQD - News), $706.2 million
- iShares Barclays 1-3 Year Credit Bond Fund (CSJ - News), $156.5 million
SPY was the single-biggest piece of net inflows that totaled $12.81 billion in the five trading days ended June 14, according to data compiled by IndexUniverse. U.S. equities gathered $10.38 billion, while U.S. fixed-income funds picked up $2.19 billion.
SPDR Gold Shares (GLD - News), the world’s biggest bullion ETF, pulled in $156.6 million, lifting its assets to more than $66 billion as gold again crossed the $1,600 a troy ounce threshold.
The gold market has been revived in recent week amid speculation that the Federal Reserve may again soon begin buying bonds to prop up the economy – a policy broadly viewed as dollar-weakening.
Bond Fund Redemptions
While the mega-cap iShares FTSE China 25 Index Fund (FXI - News) was the least-popular ETF of the past week, bleeding $270.0 million in assets, a few bond funds were also on the “Top 10 Redemptions” list.
That might be a reflection of renewed interest in gold, as the safe-haven allure of U.S. government debt starts to again share the limelight with the yellow metal.
Among those funds that suffered redemptions were the iShares Barclays 20+ Year Treasury Bond Fund (TLT - News) and the iShares Barclays 1-3 Year Treasury Bond Fund (SHY - News).
TLT and SHY bled $113.8 million and $84.4 million in assets, respectively.
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S'P 500 | 7,938.42 | 103,819.18 | 8.28% |
| QQQ | PowerShares QQQ | 1,132.03 | 31,905.98 | 3.68% |
| CIU | iShares Barclays Intermediate Credit Bond | 737.13 | 5,463.86 | 15.60% |
| LQD | iShares iBoxx $ Investment Grade Corporate Bond | 706.18 | 22,054.19 | 3.31% |
| XLU | Utilities Select SPDR | 411.07 | 6,747.26 | 6.49% |
| XLP | Consumer Staples Select SPDR | 326.15 | 5,970.92 | 5.78% |
| MDY | SPDR S'P MidCap 400 | 231.20 | 9,316.01 | 2.54% |
| XLY | Consumer Discretionary Select SPDR | 179.07 | 3,273.69 | 5.79% |
| GLD | SPDR Gold | 156.59 | 66,253.23 | 0.24% |
| CSJ | iShares Barclays 1-3 Year Credit Bond | 156.53 | 9,674.17 | 1.64% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| FXI | iShares FTSE China 25 | -269.96 | 4,924.08 | -5.20% |
| XLF | Financial Select SPDR | -210.17 | 5,757.18 | -3.52% |
| XRT | SPDR S'P Retail | -158.08 | 820.68 | -16.15% |
| XLE | Energy Select SPDR | -145.41 | 6,629.48 | -2.15% |
| VTV | Vanguard Value | -126.01 | 5,668.14 | -2.17% |
| TLT | iShares Barclays 20+ Year Treasury Bond | -113.83 | 3,905.07 | -2.83% |
| IBB | iShares NASDAQ Biotechnology | -109.57 | 1,799.84 | -5.74% |
| DIA | SPDR Dow Jones Industrial Average Trust | -89.07 | 11,228.38 | -0.79% |
| DVY | iShares Dow Jones Select Dividend | -86.23 | 10,170.32 | -0.84% |
| SHY | iShares Barclays 1-3 Year Treasury Bond | -84.39 | 11,349.11 | -0.74% |
ETF Weekly Daily Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 10,381.56 | 530,558.42 | 1.96% |
| International Equity | -437.12 | 255,900.68 | -0.17% |
| U.S. Fixed Income | 2,187.72 | 209,272.81 | 1.05% |
| International Fixed Income | 207.64 | 16,513.84 | 1.26% |
| Commodities | 402.01 | 106,451.54 | 0.38% |
| Currency | -34.71 | 3,093.34 | -1.12% |
| Leveraged | -50.89 | 12,657.79 | -0.40% |
| Inverse | 101.92 | 19,367.02 | 0.53% |
| Asset Allocation | 5.38 | 1,871.21 | 0.29% |
| Alternatives | 43.93 | 4,111.91 | 1.07% |
| Total: | 12,807.45 | 1,159,798.58 | 1.10% |
Top 10 Volume Surprises, Funds '$50 mm AUM
| Ticker | Name | Average Volume (30 Day) |
1 Week Average Volume |
% of Average |
| IWL | iShares Russell Top 200 | 28,884 | 741,881 | 513.69% |
| DLN | WisdomTree LargeCap Dividend | 192,673 | 3,053,270 | 316.94% |
| GSC | GS Connect S'P GSCI Enhanced Commodity Total Return Strategy ETN | 28,678 | 389,754 | 271.82% |
| PZT | PowerShares Insured New York Municipal Bond | 34,960 | 467,947 | 267.70% |
| VOOG | Vanguard S'P 500 Growth | 11,322 | 128,942 | 227.77% |
| FTY | iShares FTSE NAREIT Real Estate 50 | 25,951 | 289,409 | 223.05% |
| GRI | Cohen ' Steers Global Realty Majors | 8,452 | 90,568 | 214.32% |
| PSCF | PowerShares S'P SmallCap Financials | 10,410 | 106,338 | 204.29% |
| TOK | iShares MSCI Kokusai | 1,947 | 19,688 | 202.26% |
| TLO | SPDR Barclays Capital Long Term Treasury | 22,538 | 224,484 | 199.21% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and '1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| GREK | Global X FTSE Greece 20 | 19.15% | 146,064 | 4.27 |
| UNG | United States Natural Gas | 10.88% | 58,901,795 | 1,001.15 |
| DPU | PowerShares DB Commodity Long ETN | 10.66% | 7,739 | 5.95 |
| GWO | ELEMENTS Credit Suisse Global Warming ETN | 10.00% | 17,900 | 2.86 |
| GRN | iPath Global Carbon ETN | 8.62% | 5,104 | 1.20 |
| OGEM | EG Shares Energy GEMS | 5.95% | 4,551 | 9.59 |
| FGEM | EGShares Financials GEMS | 5.40% | 6,750 | 3.60 |
| EIPO | ETRACS Next Generation Internet ETN | 5.31% | 216,983 | 5.95 |
| NAGS | Teucrium Natural Gas Fund | 4.63% | 2,350 | 3.37 |
| TUR | iShares MSCI Turkey Investable Market | 4.58% | 660,561 | 375.29 |
Bottom 10 Weekly Performers, Excluding Leverage/Inverse Funds and '1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| EEHB | PowerShares S'P Emerging Markets High Beta | -9.83% | 2,650 | 2.03 |
| VXAA | ETRACS 1-Month S'P 500 VIX Futures ETN | -8.89% | 3,900 | 4.81 |
| VXBB | ETRACS 2-Month S'P 500 VIX Futures ETN | -6.81% | 8,400 | 6.21 |
| IDXJ | Market Vectors Indonesia Small Cap | -5.75% | 4,660 | 4.11 |
| JO | iPath Dow Jones-UBS Coffee Total Return ETN | -4.66% | 60,607 | 23.74 |
| EFNL | iShares MSCI Finland Capped Investable Market | -4.53% | 6,083 | 2.09 |
| TSXV | Global X S'P/TSX Venture 30 Canada | -4.51% | 14,314 | 1.82 |
| ARGT | Global X FTSE Argentina 20 | -4.17% | 4,006 | 2.70 |
| CARZ | First Trust NASDAQ Global Auto | -4.04% | 15,526 | 4.79 |
| RWG | Columbia Large-Cap Growth Strategy | -4.00% | 2,200 | 6.93 |
Top 10 YTD Performers
| Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
| KOLD | ProShares UltraShort DJ- UBS Natural Gas | 111.85 | 20.83 | 13.16 |
| RETL | Direxion Daily Retail Bull 3X Shares | 50.31 | 2.76 | 8.77 |
| XIV | VelocityShares Daily Inverse VIX Short Term ETN | 42.24 | -1.49 | 235.36 |
| SVXY | ProShares Short VIX Short-Term Futures | 41.53 | -1.75 | 22.31 |
| GASX | Direxion Daily Natural Gas Related Bear 3X Shares | 39.58 | 2.26 | 2.66 |
| AAVX | ETRACS Daily Short 1-Month S'P 500 VIX Futures ETN | 36.91 | -4.93 | 11.87 |
| TQQQ | ProShares UltraPro QQQ | 35.34 | 0.24 | 198.23 |
| BIB | ProShares Ultra NASDAQ Biotech | 35.05 | 0.84 | 23.85 |
| SCO | ProShares UltraShort DJ-UBS Crude Oil | 34.35 | -0.46 | 87.47 |
| ITLT | PowerShares DB 3X Italian Treasury Bond Futures ETN | 33.15 | -10.60 | 29.14 |
Bottom 10 YTD Performers
| Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
| UVXY | ProShares Ultra VIX Short-Term Futures | -77.21 | -3.21 | 274.52 |
| TVIX | VelocityShares Daily 2X VIX Short Term ETN | -75.71 | -2.39 | 376.38 |
| BOIL | ProShares Ultra DJ-UBS Natural Gas | -69.83 | -18.13 | 54.24 |
| GASL | Direxion Daily Natural Gas Related Bull 3X Shares | -51.08 | -4.45 | 23.23 |
| CVOL | C-Tracks Exchange-Traded Notes on the Citi Volatility | -50.76 | 0.84 | 10.49 |
| FOL | FactorShares 2X:Oil Bull/S'P 500 Bear | -46.43 | -7.75 | 1.18 |
| VIXY | ProShares VIX Short-Term | -45.72 | -0.77 | 147.02 |
| VXX | iPath S'P 500 VIX Short-Term Futures ETN | -45.60 | -0.68 | 1,682.93 |
| VIIX | VelocityShares VIX Short Term ETN | -45.51 | -0.59 | 31.10 |
| VXAA | ETRACS 1-Month S'P 500 VIX Futures ETN | -44.06 | -8.89 | 4.81 |
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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