Daily ETF Flows: JNK Adds $146.3 Million

By IndexUniverse July 23, 2012, 11:00:00 AM EDT

Investors plowed almost $250 million into the ETF market's two-biggest junk bond funds, as markets fell sharply on foreboding views that an aid package to Spain fell short of what the country really needs, namely a formal bailout.

The SPDR Barclays Capital High Yield Bond ETF (NYSEArca:JNK) was Friday's most popular fund, with inflows of $146.3 million and the iShares iBoxx $ High Yield Corporate Bond Fund (NYSEArca:HYG) added $99.8 million in fresh assets.

On the flipside, the SPDR S&P 500 ETF (NYSEArca:SPY) and the SPDR Gold Shares (NYSEArca:GLD) physical bullion ETF were among the least popular funds on Friday, with SPY losing $736.5 million and GLD losing $122.3 million to redemptions, respectively.

Overall, net flows were negative to the tune of $1.22 billion, and total U.S.-listed ETF assets fell on Friday, July 20 to less than $1.195 trillion from more than $1.204 trillion on Thursday, July 19, according to data compiled by IndexUniverse.

Both the net outflows and falling stock markets contributed to the decline in assets, as the Dow Jones industrial average fell 120.79 points, or 0.93 percent, to 12,822.57 on worries about the eurozone. Markets in Asia and Europe were sharply lower on Monday, as those concerns bled into the new week.

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
JNK SPDR Barclays Capital High Yield Bond 146.30 11,206.43 1.32%
QQQ PowerShares QQQ 144.45 33,762.78 0.43%
HYG iShares iBoxx $ High Yield Corporate Bond 99.80 15,605.56 0.64%
EWQ iShares MSCI France 97.92 384.13 34.21%
DVY iShares Dow Jones Select Dividend 97.51 10,938.55 0.90%
VGK Vanguard European 79.65 2,480.41 3.32%
TBT ProShares UltraShort 20+ Year Treasury 63.66 3,016.80 2.16%
XLY Consumer Discretionary Select SPDR 45.93 3,234.57 1.44%
MOO Market Vectors Agribusiness 44.90 5,515.34 0.82%
SDS ProShares UltraShort S&P 500 43.12 1,878.73 2.35%


Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 -736.45 107,076.03 -0.68%
XLI Industrial Select SPDR -376.21 3,276.21 -10.30%
IWM iShares Russell 2000 -307.87 15,444.61 -1.95%
SHY iShares Barclays 1-3 Year Treasury Bond -126.78 9,432.43 -1.33%
GLD SPDR Gold -122.33 63,564.69 -0.19%
XLE Energy Select SPDR -120.31 7,141.06 -1.66%





GDX Market Vectors Gold Miners -73.01 7,520.03 -0.96%
XLB Materials Select SPDR -70.78 1,931.23 -3.54%
XLF Financial Select SPDR -68.26 6,268.19 -1.08%


ETF Daily Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -1,332.92 553,819.12 -0.24%
International Equity 152.88 262,678.91 0.06%
U.S. Fixed Income 257.58 213,582.63 0.12%
International Fixed Income 16.69 18,627.23 0.09%
Commodities -266.29 105,351.33 -0.25%
Currency -14.91 2,953.98 -0.50%
Leveraged -125.72 12,380.75 -1.02%
Inverse 76.21 19,347.34 0.39%
Asset Allocation 3.95 1,935.86 0.20%
Alternatives 16.60 4,032.30 0.41%
Total: -1,215.93 1,194,709.45 -0.10%


Top 10 Volume Surprises, Funds 'gt;$50 mm AUM

Ticker Name Average Volume
(30 Day)
1-Day Volume % of Average
VONE Vanguard Russell 1000 33,814 626,897 1,853.97%
LVOL Russell 1000 Low Volatility 9,316 103,993 1,116.32%
IGN iShares S&P North American Technology-Multimedia Networking 73,419 600,569 818.00%
PXQ PowerShares Dynamic Networking Portfolio 34,229 181,775 531.05%
PBE PowerShares Dynamic Biotech & Genome Portfolio 19,546 96,102 491.67%
EWO iShares MSCI Austria Investable Market 66,146 306,021 462.65%
EWD iShares MSCI Sweden 180,912 822,372 454.57%
LAG SPDR Barclays Capital Aggregate Bond 55,338 246,940 446.24%
EDIV SPDR S&P Emerging Markets Dividend 58,338 249,038 426.89%
IJK iShares S&P Mid Cap 400 Growth 151,150 533,897 353.22%


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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
GRN iPath Global Carbon ETN 8.90% 1,983 1.22
CVOL C-Tracks Exchange-Traded Notes on the Citi Volatility 8.64% 64,125 6.04
VIXY ProShares VIX Short-Term 5.44% 856,496 140.49
VIIX VelocityShares VIX Short Term ETN 5.31% 499,545 32.65
VXX iPath S&P 500 VIX Short-Term Futures ETN 5.18% 44,298,640 1,610.66
SGG iPath Dow Jones-UBS Sugar Total Return ETN 3.27% 17,997 29.76
JJS iPath Dow Jones-UBS Softs Total Return ETN 2.95% 1,897 18.97
UNG United States Natural Gas 2.58% 9,976,467 1,210.32
VXZ iPath S&P 500 VIX Mid-Term Futures ETN 2.43% 393,479 248.64
GAZ iPath Dow Jones-UBS Natural Gas Total Return ETN 2.43% 49,673 42.74
Bottom 10 1-Day Performers, Excluding Leverage/Inverse Funds and 'lt;1,000 Shares Traded
Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
EWP iShares MSCI Spain -6.76% 1,516,396 151.70
EWI iShares MSCI Italy -5.33% 1,274,222 140.30
FEZ SPDR Euro STOXX 50 -3.81% 558,955 645.53
EUFN iShares MSCI Europe Financials -3.77% 19,564 20.94
PEK Market Vectors China -3.61% 1,210 15.36
BWV iPath CBOE S&P 500 BuyWrite ETN -3.56% 1,093 11.61
EZU iShares MSCI EMU -3.29% 212,204 639.28
IPU SPDR S&P International Utilities -3.22% 2,120 12.91
EWO iShares MSCI Austria Investable Market -3.12% 306,021 51.87
IFEU iShares FTSE EPRA/NAREIT Developed Europe -2.96% 1,449 13.41

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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, ETFs

Referenced Stocks: GLD, HYG, JNK, SPY



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