Weekly ETF Fund Flows: SPY, EEM Bleed

ETF.com

Investors yanked money out of developed and emerging markets alike in the past week, as renewed fears about the eurozone’s debt crisis put global stock markets on the defensive.

The SPDR S'P 500 ETF (SPY - News) suffered outflows of $2.25 billion and the iShares MSCI Emerging Markets Index Fund (EEM - News) had redemptions of $1.22 billion. Even high-yield debt came under fire, with the SPDR Barclays Capital High Yield Bond ETF (JNK - News) losing $749.5 million to outflows, or more than 6 percent of its assets.

Overall, net outflows across all funds were $3.69 billion in the five trading days ended May 10, and, including market movements, total assets in U.S.-listed ETFs fell by about 1 percent to almost $1.172 trillion, according to data compiled by IndexUniverse.

No one knows for sure when the pullback will cease, and a $2 billion trading loss reported by JPMorgan Chase, the biggest U.S. bank, added to the new round of anxiety in markets. Fears of contagion from Europe’s malaise are again rife, and talk of the end of Greece as a member of the eurozone became unusually explicit this week.

In any case, the ETF market—or “ETF ecosystem,” as ConvergEx Group’s Chief Market Strategist Nicholas Colas calls it—is more and more becoming the place where sentiments in the financial markets can be gauged.

Creations

While scurrying for safety, investors sought the safe havens of gold and bonds.

For example, SPDR Gold Shares (GLD - News), the physical bullion ETF, gathered $156.5 million this week, and the Market Vectors Gold Miners ETF (GDX - News) added $173.6 million.

Also, the Vanguard Total Bond Market ETF (BND - News) pulled in $109 million.

The most popular exchange-traded product in the past week was, ironically, an equities ETF—the iShares Russell 2000 Index Fund (IWM - News), perhaps a sign of incipient “buying on the dip.” IWM attracted $305.5 million in new assets.

 

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
IWM iShares Russell 2000 305.48 14,307.38 2.18%
TMW SPDR Dow Jones Total Market 260.00 426.76 155.91%
TNA Direxion Daily Small Cap Bull 3x 179.92 913.37 24.53%
FAS Direxion Daily Financial Bull 3x 177.27 1,456.29 13.86%
GDX Market Vectors Gold Miners 173.60 7,822.99 2.27%
GLD SPDR Gold 156.51 65,598.81 0.24%
SHY iShares Barclays 1-3 Year Treasury Bond 126.66 11,035.00 1.16%
VOO Vanguard S'P 500 125.35 4,105.31 3.15%
IEF iShares Barclays 7-10 Year Treasury Bond 116.64 4,869.07 2.45%
BND Vanguard Total Bond Market 108.96 15,866.04 0.69%


Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S'P 500 -2,253.51 98,341.02 -2.24%
EEM iShares MSCI Emerging Markets -1,222.00 35,606.74 -3.32%
JNK SPDR Barclays Capital High Yield Bond -749.54 11,405.78 -6.17%
XLE Energy Select SPDR -463.60 6,776.78 -6.40%
TZA Direxion Daily Small Cap Bear 3x -296.75 667.44 -30.78%
XLF Financial Select SPDR -242.25 6,406.73 -3.64%
XLI Industrial Select SPDR -232.02 2,854.72 -7.52%
CSJ iShares Barclays 1-3 Year Credit Bond -188.57 9,443.94 -1.96%
SDS ProShares UltraShort S'P 500 -157.36 1,995.74 -7.31%
VWO Vanguard MSCI Emerging Markets -142.56 51,594.95 -0.28%


ETF Weekly Daily Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -2,335.25 531,820.71 -0.44%
International Equity -1,580.79 272,536.15 -0.58%
U.S. Fixed Income 524.19 201,652.32 0.26%
International Fixed Income 338.85 16,384.82 2.07%
Commodities -418.64 107,362.21 -0.39%
Currency -41.51 3,198.47 -1.30%
Leveraged 502.44 12,673.87 3.96%
Inverse -667.08 20,073.13 -3.32%
Asset Allocation 18.33 1,922.72 0.95%
Alternatives -28.66 4,335.90 -0.66%
Total: -3,688.13 1,171,960.32 -0.31%


Top 10 Volume Surprises, Funds '$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
TMW SPDR Dow Jones Total Market 89,676 2,524,898 563.12%
SLY SPDR S'P SmallCap 600 Index 46,930 1,057,617 450.72%
VTHR Vanguard Russell 3000 16,571 349,996 422.41%
PXJ PowerShares Dynamic Oil ' Gas Services Portfolio 103,368 2,172,799 420.40%
VGLT Vanguard Long-Term Government Bond 18,349 384,042 418.61%
CWI SPDR MSCI ACWI ex-US 74,387 1,391,309 374.07%
GSP iPath S'P GSCI Total Return ETN 114,436 2,137,643 373.60%
RWL RevenueShares Large Cap 27,466 490,407 357.11%
SEF ProShares Short Financials 74,277 1,250,674 336.76%
EQIN Russell Equity Income 1,097 18,000 328.10%


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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
CVOL C-Tracks Exchange-Traded Notes on the Citi Volatility 6.79% 127,821 8.03
UNG United States Natural Gas 5.86% 68,336,030 941.09
VXBB ETRACS 2-Month S'P 500 VIX Futures ETN 5.84% 1,100 5.47
NAGS Teucrium Natural Gas Fund 4.44% 11,547 1.76
VIXY ProShares VIX Short-Term 4.35% 3,776,861 162.86
VIIX VelocityShares VIX Short Term ETN 4.25% 1,226,457 25.73
UNL United States 12 Month Natural Gas 4.20% 345,497 36.52
VXX iPath S'P 500 VIX Short-Term Futures ETN 4.05% 241,500,604 1,917.26
VNM Market Vectors Vietnam 2.97% 1,188,880 352.77
VIXM ProShares VIX Mid-term 2.46% 151,334 107.40

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
CHII Global X China Industrials -10.11% 13,968 4.40
EWHS iShares MSCI Hong Kong Small Cap -10.08% 1,413 5.37
GREK Global X FTSE Greece 20 -9.41% 64,456 2.59
SPGH ETRACS S'P 500 Gold Hedged ETN -9.23% 7,506 16.88
URA Global X Uranium -9.11% 1,148,864 156.96
EWAS iShares MSCI Australia Small Cap -8.90% 2,374 2.42
BAL iPath Dow Jones-UBS Cotton Total Return ETN -8.60% 265,602 32.98
GLDX Global X Gold Explorers -8.17% 436,291 27.77
CHXX EGShares China Infrastructure -8.15% 144,587 12.09
COPX Global X Copper Miners -8.06% 159,342 29.42

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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