Weekly ETF Fund Flows: SPY Laps Up Assets

Olly Ludwig and Hannah Tool

Investors poured nearly $8 billion into U.S.-listed ETFs last week, most of that in U.S. and international equities, conveying an expanding appetite for risk. Overall U.S.-listed ETF assets rose by nearly 1 percent from the prior five-day period to $1.423 trillion.


SPY celebrated its 20 th birthday by topping this week’s creations list, adding $1.43 billion over the week ending Thursday, according to data compiled by IndexUniverse. The Powershares QQQ Trust (QQQ) brought in $321.85 million, while five Vanguard funds—VIG, VTI, VNQ, VOO and VGK—peppered the Top 10 Creations list as well.

Meanwhile, fixed-income strategies were markedly the least appealing to investors. The iShares iBoxx $ High Yield Corporate Bond (HYG) topped the redemptions list with $367 million in outflows, followed closely by the J.P. Morgan USD Emerging Markets Bond fund (EMB) in the No. 2 spot, shedding $312 million this past week.

The into-stocks-and-out-of-bonds flavor in the world of ETF flows was emblematic of financial markets and an economy that maybe—just maybe—is finally starting to normalize after a rather volatile five-year period following the market collapse in September 2008. To be sure, perils remains—not least of which is the unpredictable political situation in Washington, D.C., but a cautious optimism is coming to the fore.

Top 10 Creations (All ETFs)

 

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S'P 500 1,428.83 125,630.67 1.15%
VIG Vanguard Dividend Appreciation 775.20 13,780.16 5.96%
VTI Vanguard Total Stock Market 528.60 26,713.42 2.02%
QQQ PowerShares QQQ 321.85 32,801.52 0.99%
VNQ Vanguard REIT 310.21 16,942.63 1.87%
VOO Vanguard S'P 500 271.84 7,633.90 3.69%
IYW iShares Dow Jones U.S. Technology 269.86 1,849.60 17.08%
XRT SPDR S'P Retail 244.23 754.65 47.85%
XLE Energy Select SPDR 238.01 7,552.78 3.25%
VGK Vanguard MSCI Europe 204.04 6,051.66 3.49%


Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
HYG iShares iBoxx $ High Yield Corporate Bond -367.46 15,865.51 -2.26%
EMB J.P. Morgan USD Emerging Markets Bond -311.84 6,557.92 -4.54%
IWM iShares Russell 2000 -306.06 18,187.61 -1.65%
BIL SPDR Barclays 1-3 Month T-Bill -261.12 893.30 -22.62%
GDX Market Vectors Gold Miners -221.39 7,700.84 -2.79%
EWZ iShares MSCI Brazil -221.10 9,259.19 -2.33%
GLD SPDR Gold -192.64 71,055.44 -0.27%
LQD iShares iBoxx $ Investment Grade Corporate Bond -155.51 24,272.24 -0.64%
EFA iShares MSCI EAFE -141.91 41,800.25 -0.34%
EWG iShares MSCI Germany -131.36 4,074.05 -3.12%


ETF Weekly Daily Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 6,246.15 653,774.90 0.96%
International Equity 1,499.30 357,618.29 0.42%
U.S. Fixed Income -11.02 226,695.83 -0.00%
International Fixed Income -195.70 26,684.86 -0.73%
Commodities -75.58 118,884.80 -0.06%
Currency -2.92 2,784.12 -0.11%
Leveraged -158.79 13,792.56 -1.15%
Inverse 544.69 16,878.51 3.23%
Asset Allocation 42.34 2,702.69 1.57%
Alternatives 22.87 3,096.68 0.74%
Total: 7,911.33 1,422,913.24 0.56%


Top 10 Volume Surprises, Funds '$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
FDM First Trust Dow Jones Select Micro Cap 37,238 941,925 505.89%
VGLT Vanguard Long-Term Government Bond 97,156 2,262,767 465.80%
SPHB PowerShares S'P 500 High Beta 252,843 5,143,576 406.86%
FXL First Trust Technology AlphaDEX 163,819 3,262,928 398.36%
IOO iShares S'P Global 100 174,975 3,420,232 390.94%
ILTB iShares Core Long-Term U.S. Bond 73,048 1,402,429 383.97%
VGIT Vanguard Intermediate-Term Government Bond 47,430 840,865 354.57%
FAB First Trust Multi Cap Value AlphaDEX 21,418 373,957 349.20%
DLN WisdomTree LargeCap Dividend 225,164 3,789,483 336.60%
CMBS iShares Barclays CMBS Bond 14,647 239,054 326.42%


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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
VIXY ProShares VIX Short-Term 5.97% 5,922,512 156.17
VNM Market Vectors Vietnam 5.94% 4,405,664 385.69
VIIX VelocityShares VIX Short Term ETN 5.93% 1,814,428 13.71
VXX iPath S'P 500 VIX Short-Term Futures ETN 5.93% 173,030,180 1,110.64
JJN iPath Dow Jones-UBS Nickel Total Return ETN 5.63% 11,165 6.43
UGA United States Gasoline 5.37% 224,248 70.09
DXJ WisdomTree Japan Hedged Equity 4.68% 11,960,356 2,452.91
DBJP db X-trackers MSCI Japan Hedged Equity 4.51% 51,495 5.62
PXE PowerShares Dynamic Energy Exploration ' Production 4.09% 316,630 90.96
EWD iShares MSCI Sweden 4.04% 1,263,973 395.45


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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
GRN iPath Global Carbon ETN -23.23% 8,301 0.49
TUR iShares MSCI Turkey Investable Market -8.18% 3,421,209 838.88
TAN Guggenheim Solar -4.57% 415,471 63.36
GAZ iPath Dow Jones-UBS Natural Gas Total Return ETN -4.40% 370,962 35.40
KWT Market Vectors Solar Energy -4.32% 29,228 12.46
RING iShares MSCI Global Gold Miners -4.21% 135,896 28.37
GDX Market Vectors Gold Miners -3.69% 102,703,310 7,700.84
UNG United States Natural Gas -3.34% 40,844,132 1,074.22
CHIM Global X China Materials -3.28% 29,408 2.75
PSAU PowerShares Global Gold and Precious Metals -3.25% 29,944 33.84

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
VNM Market Vectors Vietnam 20.53 5.94 385.69
TAN Guggenheim Solar 15.73 -4.57 63.36
KWT Market Vectors Solar Energy 14.13 -4.32 12.46
KBWC PowerShares KBW Capital Markets 13.24 1.74 3.74
IAI iShares Dow Jones U.S. Broker-Dealers 13.17 2.64 54.82
OIH Market Vectors Oil Services 12.69 2.75 1,476.78
PXJ PowerShares Dynamic Oil ' Gas Services 12.54 2.13 126.06
AMJ JPMorgan Alerian MLP ETN 12.50 3.05 5,477.45
IEZ iShares Dow Jones U.S. Oil Equipment ' Services 12.49 2.36 370.29
PXE PowerShares Dynamic Energy Exploration ' Production 11.85 4.09 90.96

Bottom 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
GRN iPath Global Carbon ETN -51.75 -23.23 0.49
VXX iPath S'P 500 VIX Short-Term Futures ETN -22.96 5.93 1,110.64
VIIX VelocityShares VIX Short Term ETN -22.96 5.93 13.71
VIXY ProShares VIX Short-Term -22.82 5.97 156.17
VIIZ VelocityShares VIX Mid Term ETN -18.69 1.58 4.15
VXZ iPath S'P 500 VIX Mid-Term Futures ETN -18.69 1.58 54.07
VIXM ProShares VIX Mid-term -18.65 1.59 41.78
GDX Market Vectors Gold Miners -10.27 -3.69 7,700.84
XVZ iPath S'P Dynamic VIX ETN -9.47 0.12 193.33
GLDX Global X Gold Explorers -8.84 -1.76 39.20

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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