Weekly ETF Fund Flows: SPY Pulls In $7.48B

IndexUniverse.com

Investors poured more than $15 billion into U.S. equities ETFs in the past week, adding exposure to a stock market that has again climbed to new record highs amid renewed hopes that the Federal Reserve will remain very accommodative ahead.

The S'P 500 tagged on a modest 0.85 percent in gains in the five-day period ended Thursday, July 18, but not without ending Thursday's session at a new record-high closing of 1,689.37.

The largest ETF that tracks the broad U.S. stocks benchmark, the SPDR S'P 500 (SPY), was the week's most popular fund, raking in $7.48 billion in assets.

Now boasting total assets of $154.23 billion, SPY has seen net inflows of $13.66 billion since July 1 — a significant reversal from the $2.48 billion in net outflows the ETF saw in June when investors feared a sudden Fed exit.

IndexUniverse's tally of the top 10 ETF creations of the week is indeed a strong showing of investor appetite for U.S. equities exposure, which as an asset class, represented the bulk of ETF asset growth in the week. Total U.S.-listed ETF assets, including net inflows of more than $18.69 billion and market action, now total $1.532 trillion.

Of note, emerging market equities have been far from investor favorites in recent weeks due to concerns centered primarily on political instability in various countries and still-slowing Chinese growth.

Still, the Vanguard FTSE Emerging Markets Index ETF (VWO) was the third-most-popular ETF in the past week, attracting a net of $891 million.

That's VWO's first net-asset-gaining week since the fund bled $1.74 billion in June and continued on a losing streak in the first two weeks of July. Year-to-date, asset flows into VWO remain in the red, with net outflows of $2.97 billion. But there's growing chatter among market participants that the sell-off in emerging equities could be starting to present some prospective value opportunities for investors willing to take the risk.

On the flip side, the iShares MSCI USA Minimum Volatility fund (USMV) saw the week's biggest redemption, bleeding $419.5 million in five days.

Low-volatility ETFs have generally been popular with investors, but they tend to show a  bias toward defensive stocks and also a lack of exposure to financials—characteristics that can lead to underperformance in strong market rallies, as IndexUniverse's Ugo Egbunike and Elisabeth Kashner pointed out in a recent blog .

Since the beginning of July, the $2.9 billion USMV has lost a net of $766 million in assets, although its year-to-date asset gathering remains solid, with net inflows of $1.92 billion, according to data compiled by IndexUniverse.

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S'P 500 7,477.47 154,234.73 5.10%
QQQ PowerShares QQQ 1,908.37 37,647.22 5.34%
VWO Vanguard FTSE Emerging Markets 891.16 50,777.24 1.79%
FBG UBS AG FI Enhanced Big Cap Growth ETN 766.52 872.75 721.52%
HYG iShares iBoxx $ High Yield Corporate Bond 729.99 15,111.58 5.08%
IWM iShares Russell 2000 601.63 26,068.13 2.36%
VTI Vanguard Total Stock Market 540.03 33,110.90 1.66%
IVV iShares Core S'P 500 455.48 44,513.69 1.03%
XLF Financial Select SPDR 356.00 16,573.93 2.20%
IDU iShares U.S. Utilities 301.00 1,030.22 41.28%


Top 8 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
USMV iShares MSCI USA Minimum Volatility -419.54 2,935.66 -12.50%
DIA SPDR Dow Jones Industrial Average Trust -399.83 13,030.21 -2.98%
BIV Vanguard Intermediate-Term Bond -225.48 4,040.94 -5.29%
TLT iShares 20+ Year Treasury Bond -184.18 3,327.93 -5.24%
GLD SPDR Gold -162.26 38,573.29 -0.42%
EWZ iShares MSCI Brazil Capped -149.97 5,902.95 -2.48%
TIP iShares TIPS Bond -135.18 15,665.14 -0.86%
SH ProShares Short S'P 500 -133.23 1,771.29 -7.00%


ETF Weekly Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 15,119.05 812,885.62 1.86%
International Equity 2,166.40 342,738.27 0.63%
U.S. Fixed Income 752.23 231,024.32 0.33%
International Fixed Income -150.97 26,175.01 -0.58%
Commodities 58.74 73,785.29 0.08%
Currency -44.66 2,265.07 -1.97%
Leveraged 790.27 16,672.18 4.74%
Inverse -22.04 19,704.89 -0.11%
Asset Allocation -23.11 3,636.40 -0.64%
Alternatives 53.31 3,284.44 1.62%
Total: 18,699.24 1,532,171.48 1.22%


Top 10 Volume Surprises, Funds '$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
IWW iShares Russell 3000 Value 29,574 617,371 417.50%
INKM SPDR SSgA Income Allocation 108,836 2,232,461 410.24%
PXLG PowerShares Fundamental Pure Large Growth 19,200 327,183 340.82%
VIS Vanguard Industrials 131,061 1,925,683 293.86%
USL United States 12 Month Oil 30,838 424,619 275.38%
FXU First Trust Utilities AlphaDEX 398,300 5,299,460 266.10%
USMV iShares MSCI USA Minimum Volatility 2,027,935 26,894,589 265.24%
RJN ELEMENTS Rogers International Commodity - Energy Total Return ETN 60,892 800,812 263.03%
RSCO SPDR Russell Small Cap Completeness 6,599 82,181 249.06%
MTUM iShares MSCI USA Momentum Factor 17,253 213,929 247.99%


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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
ICOL iShares MSCI Colombia Capped 10.04% 4,300 12.86
QQQC Global X NASDAQ China Technology 9.02% 12,674 3.42
OGEM EGShares Energy GEMS 8.42% 8,910 7.59
TAN Guggenheim Solar 8.02% 1,716,435 163.49
KWT Market Vectors Solar Energy 7.92% 26,269 16.22
COLX Market Vectors Colombia 7.37% 4,731 2.67
INCO EGShares India Consumer 7.33% 5,917 4.58
GXG Global X FTSE Colombia 20 7.28% 1,305,932 147.44
TUR iShares MSCI Turkey 6.94% 1,162,501 694.16
GGGG Global X PURE Gold Miners 6.06% 9,204 3.20

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
BDG PowerShares DB Base Metals Long ETN -11.52% 1,364 0.94
CVOL C-Tracks Citi Volatility ETN -5.23% 155,244 1.85
CORN Teucrium Corn -4.72% 205,451 39.02
TDD db X-trackers 2010 Target Date -4.43% 1,827 9.88
SIVR ETFS Physical Silver -3.96% 470,209 346.68
SLV iShares Silver Trust -3.95% 39,821,620 6,441.82
WEAT Teucrium Wheat -3.83% 28,744 6.85
VXX iPath S'P 500 VIX Short-Term Futures ETN -3.78% 174,953,440 1,253.28
VIXY ProShares VIX Short-Term -3.72% 2,598,849 168.70
VIIX VelocityShares VIX Short Term ETN -3.66% 4,583,628 23.12

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
TAN Guggenheim Solar 77.49 8.02 163.49
QCLN First Trust NASDAQ Clean Edge Green Energy 66.40 1.59 59.17
KWT Market Vectors Solar Energy 51.91 7.92 16.22
GEX Market Vectors Global Alternative Energy 47.52 0.12 79.58
PBW PowerShares WilderHill Clean Energy 45.48 2.44 199.87
BBH Market Vectors Biotech 43.57 1.76 349.30
PBE PowerShares Dynamic Biotech ' Genome 41.48 1.25 187.17
DBJP db X-trackers MSCI Japan Hedged Equity 41.24 2.87 151.12
IBB iShares Nasdaq Biotechnology 39.94 1.90 3,455.64
FBT First Trust NYSE Arca Biotechnology 39.61 1.55 711.51

Bottom 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
CVOL C-Tracks Citi Volatility ETN -68.89 -5.23 1.85
GLDX Global X Gold Explorers -52.90 1.26 28.68
GDXJ Market Vectors Junior Gold Miners -52.06 -0.99 1,247.66
SILJ PureFunds ISE Junior Silver (Small Cap Miners/Explorers) -48.31 -2.35 1.56
GGGG Global X PURE Gold Miners -48.24 6.06 3.20
VIIX VelocityShares VIX Short Term ETN -48.05 -3.66 23.12
VXX iPath S'P 500 VIX Short-Term Futures ETN -48.04 -3.78 1,253.28
VIXY ProShares VIX Short-Term -47.70 -3.72 168.70
RING iShares MSCI Global Gold Miners -46.90 -0.20 29.80
GDX Market Vectors Gold Miners -46.58 -0.76 6,068.53

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.

Permalink | ' Copyright 2013 IndexUniverse LLC. All rights reserved

Rates

View Comments (0)