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ETF Fund Flows: EEM Bleeds $255.2 Million

Dave Nadig and Olivier Ludwig

Investors pulled $255.2 million from the iShares MSCI Emerging Markets Index Fund (EEM - News), making it No. 1 on IndexUniverse’s “Top 10 Redemptions” list. Stocks fell on worries about the debt crisis in the eurozone.

Net flows were $728.9 million and total assets under management fell to less than $1.170 trillion from $1.176 trillion on Tuesday, May 8.

The Dow Jones industrial average fell 97.03 points, or .75 percent, to close at 12,835.06. Stocks fell, as investors grew concerned that eurozone woes presaged a wider global slowdown. The S'P 500 fell 9.14 points, or 0.67 percent, to close at 1,354.58.

The No. 2 fund on the redemptions list was the Financial Select SPDR ETF (XLF - News), which suffered $225.9 million in outflows. The No. 3 fund on the list was the SPDR S'P Retail ETF (XRT - News), which had $125.8 million in outflows.

Creations

Investors put $956.4 million into the SPDR S'P 500 ETF (SPY - News), making it No. 1 on IndexUniverse’s “Top 10 Creations” list.

The No. 2 fund on the creations list was the PowerShares QQQ Trust (QQQ - News), which had $266.9 million in inflows. The No. 3 fund on the list was the iShares Barclays 20+Year Treasury Bond Fund (TLT - News), which had $166.3 million in inflows.

U.S.-focused equity ETFs had $632.3 million in inflows. U.S.-focused fixed income ETFs had $469.5 million in inflows.

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S'P 500 956.40 99,185.10 0.97%
QQQ PowerShares QQQ 266.89 31,714.48 0.85%
TLT iShares Barclays 20+ Year Treasury Bond 166.29 3,112.04 5.65%
XLY Consumer Discretionary Select SPDR 101.55 3,242.82 3.23%
MDY SPDR S'P MidCap 400 96.40 9,368.18 1.04%
GDX Market Vectors Gold Miners 94.47 7,699.14 1.24%
FAS Direxion Daily Financial Bull 3x 60.91 1,401.90 4.54%
USO United States Oil 54.96 1,216.45 4.73%
BND Vanguard Total Bond Market 50.30 15,870.91 0.32%
VOO Vanguard S'P 500 37.24 4,093.48 0.92%


Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
EEM iShares MSCI Emerging Markets -255.21 35,693.36 -0.71%
XLF Financial Select SPDR -225.89 6,370.30 -3.42%
XRT SPDR S'P Retail -125.79 560.07 -18.34%
DIA SPDR Dow Jones Industrial Average Trust -109.01 11,130.82 -0.97%
IWM iShares Russell 2000 -102.44 14,120.96 -0.72%
IWR iShares Russell Midcap -101.64 6,515.69 -1.54%
XLE Energy Select SPDR -101.21 6,603.29 -1.51%
IYR iShares Dow Jones U.S. Real Estate -76.50 3,971.63 -1.89%
VXX iPath S'P 500 VIX Short-Term Futures ETN -68.90 2,012.94 -3.31%
EWW iShares MSCI Mexico Investable Market -59.57 1,203.31 -4.72%


ETF Daily Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 632.34 530,878.94 0.12%
International Equity -275.92 271,469.06 -0.10%
U.S. Fixed Income 469.55 202,238.24 0.23%
International Fixed Income 82.62 16,278.81 0.51%
Commodities -90.40 106,454.11 -0.08%
Currency 7.98 3,191.12 0.25%
Leveraged 120.70 12,576.95 0.96%
Inverse -147.96 20,198.19 -0.73%
Asset Allocation 7.45 1,907.13 0.39%
Alternatives -77.51 4,415.82 -1.76%
Total: 728.86 1,169,608.39 0.06%


Top 10 Volume Surprises, Funds '$50 mm AUM

Ticker Name Average Volume
(30 Day)
1-Day Volume % of Average
RWL RevenueShares Large Cap 24,760 183,951 742.94%
EQIN Russell Equity Income 1,791 10,400 580.82%
CLY iShares 10+ Year Credit Bond 32,093 184,343 574.40%
YAO Guggenheim China All-Cap 9,556 48,940 512.15%
NY iShares NYSE 100 1,816 9,213 507.27%
SEF ProShares Short Financials 61,394 303,979 495.13%
TDTT FlexShares iBoxx 3-Year Target Duration TIPS 89,234 417,209 467.55%
FYX First Trust Small Cap Core AlphaDEX 64,373 287,720 446.96%
PPA PowerShares Aerospace ' Defense Portfolio 13,103 55,540 423.88%
PIZ PowerShares DWA Developed Markets Technical Leaders Portfolio 22,801 95,812 420.21%


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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
DPU PowerShares DB Commodity Long ETN 8.02% 61,701 6.13
CVOL C-Tracks Exchange-Traded Notes on the Citi Volatility 5.51% 35,744 8.33
VIIX VelocityShares VIX Short Term ETN 3.89% 367,270 27.02
VIXY ProShares VIX Short-Term 3.87% 1,161,448 168.34
VXX iPath S'P 500 VIX Short-Term Futures ETN 3.68% 60,158,092 2,012.94
FRAK Market Vectors Unconventional Oil ' Gas 2.30% 1,706 15.79
VIXM ProShares VIX Mid-term 2.12% 7,031 109.47
VXZ iPath S'P 500 VIX Mid-Term Futures ETN 2.10% 383,108 228.89
GDX Market Vectors Gold Miners 2.02% 28,895,272 7,699.14
JJE iPath Dow Jones-UBS Energy Total Return ETN 1.84% 4,895 13.71


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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
EWAS iShares MSCI Australia Small Cap -7.81% 2,374 2.37
VGEM EGShares Consumer Services GEMS -5.42% 1,240 0.99
CHIM Global X China Materials -4.70% 2,415 2.40
EWP iShares MSCI Spain -4.10% 1,077,196 123.44
TCHI RBS China Trendpilot ETN -4.04% 1,200 3.82
EWO iShares MSCI Austria Investable Market -3.95% 32,008 55.98
IRV SPDR S'P International Materials -3.87% 2,077 11.56
CVRT PowerShares Convertible Securities -3.19% 12,726 9.29
FKU First Trust United Kingdom AlphaDEX -3.17% 1,200 4.49
JJT iPath Dow Jones-UBS Tin Total Return ETN -3.08% 93,875 40.06

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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