Weekly ETF Flows: DXJ Still Red Hot
Investors continued to flock to the WisdomTree Japan Hedged Equity Fund (DXJ) amid ongoing jaw-boning by Japanese officials regarding their aim to weaken the yen to help bring an end to almost 25 years of sluggish growth for the world’s No. 3 economy.
DXJ hauled in $715.7 million in fresh assets, making it the No. 2 fund on IndexUniverse’s top 10 inflows list in the past week, behind the iShares Russell 2000 Index Fund (IWM), which gathered almost $806 million in the five-day trading period ended Thursday, Feb. 7.
Overall, net inflows totaled almost $2 billion and the Dow Jones industrial average rose 0.6 percent, lifting total U.S.-listed ETF assets to $1.425 trillion, compared with $1.423 trillion in the prior period .
The flows into DXJ lifted assets to nearly $3.25 billion, according to data compiled by IndexUniverse. It’s hard to believe, but DXJ ended 2012 with $1.22 billion after gathering $740 million in assets—barely more than what it pulled in the past week.
The rapid asset gathering began last fall when it became clear that Prime Minister Shinzo Abe would lead Japan and that his yen-weakening policies would carry the day.
That said, Japanese officials have begun to voice concern that the yen may be falling too quickly against the dollar, and how that affects investor sentiment toward ETFs such as DXJ remains to be seen.
Bond-Fund Redemptions
While last week’s least popular fund was the SPDR S'P 500 ETF (SPY), dropping $2.75 billion in assets, half the securities on the top 10 outflows list were focused on fixed income—the latest sign that investors may be slowly positioning themselves for an increase in official interest rates.
Some of those funds on the list were among the biggest bond funds in the U.S. markets.
For example, in the No. 3 spot on the outflows list was the $21 billion iShares Barclays TIPS Bond Fund (TIP). It dropped $688.7 million in assets.
Top 10 Creations (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
IWM | iShares Russell 2000 | 805.96 | 19,118.43 | 4.40% |
DXJ | WisdomTree Japan Hedged Equity | 715.66 | 3,246.08 | 28.28% |
IYR | iShares Dow Jones U.S. Real Estate | 601.80 | 5,093.51 | 13.40% |
XLF | Financial Select SPDR | 370.75 | 10,868.72 | 3.53% |
EWH | iShares MSCI Hong Kong | 282.68 | 3,492.81 | 8.81% |
VTI | Vanguard Total Stock Market | 260.34 | 27,194.89 | 0.97% |
XLI | Industrial Select SPDR | 205.89 | 4,745.15 | 4.54% |
XRT | SPDR S'P Retail | 197.41 | 958.78 | 25.93% |
HYS | PIMCO 0-5 Year High Yield Corporate Bond | 176.20 | 1,082.93 | 19.43% |
TLT | iShares Barclays 20+ Year Treasury Bond | 174.38 | 3,114.86 | 5.93% |
Top 10 Redemptions (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
SPY | SPDR S'P 500 | -2,746.75 | 123,929.57 | -2.17% |
QQQ | PowerShares QQQ | -1,085.53 | 31,931.86 | -3.29% |
TIP | iShares Barclays TIPS Bond | -688.69 | 21,424.60 | -3.11% |
JNK | SPDR Barclays High Yield Bond | -418.94 | 12,262.16 | -3.30% |
HYG | iShares iBoxx $ High Yield Corporate Bond | -345.37 | 15,360.90 | -2.20% |
DIA | SPDR Dow Jones Industrial Average Trust | -334.88 | 10,700.74 | -3.03% |
VIG | Vanguard Dividend Appreciation | -312.57 | 13,560.83 | -2.25% |
VNQ | Vanguard REIT | -285.64 | 16,664.02 | -1.69% |
LQD | iShares iBoxx $ Investment Grade Corporate Bond | -214.73 | 24,027.02 | -0.89% |
EMB | J.P. Morgan USD Emerging Markets Bond | -178.44 | 6,345.90 | -2.74% |
ETF Weekly Daily Flows By Asset Class
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | -531.53 | 657,943.55 | -0.08% |
International Equity | 2,280.47 | 356,293.69 | 0.64% |
U.S. Fixed Income | -598.84 | 225,714.57 | -0.27% |
International Fixed Income | 117.10 | 26,700.89 | 0.44% |
Commodities | 262.49 | 119,105.28 | 0.22% |
Currency | -6.31 | 2,760.33 | -0.23% |
Leveraged | -57.36 | 13,834.97 | -0.41% |
Inverse | 488.82 | 17,293.18 | 2.83% |
Asset Allocation | 53.00 | 2,744.04 | 1.93% |
Alternatives | -32.18 | 3,020.01 | -1.07% |
Total: | 1,975.67 | 1,425,410.50 | 0.14% |
Top 10 Volume Surprises, Funds '$50 mm AUM
Ticker | Name | Average Volume | 1 Week Average | % of Average |
AGOL | ETFS Physical Asian Gold | 1,641 | 31,000 | 377.86% |
EPS | WisdomTree Earnings 500 | 4,491 | 75,523 | 336.34% |
PBD | PowerShares Global Clean Energy | 56,847 | 930,223 | 327.27% |
DBE | PowerShares DB Energy | 100,000 | 1,541,993 | 308.40% |
EUSA | iShares MSCI USA | 24,836 | 372,081 | 299.63% |
XES | SPDR S'P Oil ' Gas Equipment ' Services | 158,496 | 2,317,725 | 292.46% |
GBF | iShares Barclays Government/Credit Bond | 19,349 | 276,436 | 285.74% |
GSY | Guggenheim Enhanced Short Duration Bond | 52,102 | 730,198 | 280.30% |
ILTB | iShares Core Long-Term U.S. Bond | 126,977 | 1,754,340 | 276.32% |
FLOT | iShares Floating Rate Note | 290,422 | 3,943,995 | 271.60% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and '1,000 Shares Traded
Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
GRN | iPath Global Carbon ETN | 25.34% | 5,225 | 0.62 |
GREK | Global X FTSE Greece 20 | 4.92% | 194,745 | 29.06 |
PSCE | PowerShares S'P SmallCap Energy | 4.48% | 29,589 | 27.66 |
PLTM | First Trust ISE Global Platinum | 4.44% | 373,695 | 13.12 |
VNM | Market Vectors Vietnam | 4.16% | 4,907,700 | 412.34 |
QCLN | First Trust NASDAQ Clean Edge Green Energy | 3.88% | 14,571 | 15.56 |
PPLT | ETFS Physical Platinum | 3.82% | 424,340 | 911.69 |
PWND | PowerShares Global Wind Energy | 3.65% | 43,044 | 9.24 |
EPHE | iShares MSCI Philippines Investable Market | 3.61% | 1,392,345 | 288.08 |
IGN | iShares S'P North American Technology-Multimedia Networking | 3.58% | 299,536 | 325.05 |
Bottom 10 Weekly Performers, Excluding Leverage/Inverse Funds and '1,000 Shares Traded
Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
EWI | iShares MSCI Italy | -7.25% | 8,434,186 | 565.58 |
EWP | iShares MSCI Spain | -5.81% | 5,010,884 | 273.13 |
FEZ | SPDR Euro STOXX 50 | -5.17% | 4,483,457 | 1,616.81 |
JO | iPath Dow Jones-UBS Coffee Total Return ETN | -4.77% | 808,197 | 105.50 |
CHIX | Global X China Financials | -4.66% | 178,908 | 9.60 |
GLDX | Global X Gold Explorers | -4.63% | 307,170 | 37.38 |
EWQ | iShares MSCI France | -4.39% | 2,875,065 | 461.54 |
CORN | Teucrium Corn | -4.27% | 300,140 | 42.63 |
CAFE | iPath Pure Beta Coffee ETN | -4.23% | 16,883 | 2.71 |
EZU | iShares MSCI EMU | -4.23% | 9,309,280 | 2,449.02 |
Top 10 YTD Performers
Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
VNM | Market Vectors Vietnam | 25.55 | 4.16 | 412.34 |
TAN | Guggenheim Solar | 17.54 | 1.56 | 64.35 |
KBWC | PowerShares KBW Capital Markets | 16.25 | 2.66 | 9.61 |
IAI | iShares Dow Jones U.S. Broker-Dealers | 16.04 | 2.53 | 65.81 |
PXJ | PowerShares Dynamic Oil ' Gas Services | 15.01 | 2.20 | 135.84 |
KWT | Market Vectors Solar Energy | 14.90 | 0.67 | 12.54 |
GREK | Global X FTSE Greece 20 | 14.64 | 4.92 | 29.06 |
PXE | PowerShares Dynamic Energy Exploration ' Production | 14.17 | 2.08 | 94.40 |
PPLT | ETFS Physical Platinum | 13.91 | 3.82 | 911.69 |
XES | SPDR S'P Oil ' Gas Equipment ' Services | 13.82 | 2.53 | 342.95 |
Bottom 10 YTD Performers
Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
GRN | iPath Global Carbon ETN | -39.52 | 25.34 | 0.62 |
VXX | iPath S'P 500 VIX Short-Term Futures ETN | -25.57 | -3.38 | 1,015.06 |
VIIX | VelocityShares VIX Short Term ETN | -25.57 | -3.38 | 12.37 |
VIXY | ProShares VIX Short-Term | -25.41 | -3.35 | 155.00 |
VIIZ | VelocityShares VIX Mid Term ETN | -19.75 | -1.31 | 4.09 |
VXZ | iPath S'P 500 VIX Mid-Term Futures ETN | -19.75 | -1.31 | 61.74 |
VIXM | ProShares VIX Mid-term | -19.70 | -1.29 | 49.59 |
GLDX | Global X Gold Explorers | -13.06 | -4.63 | 37.38 |
XVZ | iPath S'P Dynamic VIX ETN | -9.48 | -0.01 | 200.07 |
GDX | Market Vectors Gold Miners | -8.03 | 2.50 | 7,814.97 |
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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