ETF Fund Flows: SPY Drops $1.21 Billion

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Investors withdrew $1.21 billion from the SPDR S&P 500 ETF (NYSEArca:SPY), making it No. 1 on IndexUniverse's "Top 10 Redemptions" list. Blue chip stocks fell in response to election results in Europe, where voters rejected pro-austerity candidates.

Net outflows were $2.63 billion and total assets under management fell to $1.162 trillion from $1.185 billion on Friday, May 4.

The Dow Jones industrial average fell 29.74 points, or 0.2 percent, to close at 13,008.53. Blue chips were down as investors grew nervous about the prospects for a change in monetary policy in Greece and in France; however, the broader benchmarks gained. The S&P 500 added 0.48 points, or 0.4 percent, to close at 1,369.58.

The No. 2 fund on the redemptions list was the PowerShares QQQ Trust (NasdaqGM:QQQ), which suffered $935.6 million in outflows. The No. 3 fund on the list was the Energy Select SPDR Fund (NYSEArca:XLE), which had $344.0 million in outflows.

U.S.-listed equity funds had outflows of $2.45 billion.

Creations

Investors put $214.06 million into the iShares Russell 2000 Index Fund (NYSEArca:IWM), making it No. 1 on IndexUniverse's "Top 10 Creations" list.

The No. 2 fund on the creations list was the iShares Barclays 1-3 Year Credit Bond Fund (NYSEArca:CSJ), which had $94.3 million in inflows. The No. 3 fund on the list was the iShares Dow Jones U.S. Real Estate Index Fund (NYSEArca:IYR), which had $73.6 million in inflows.

U.S-listed fixed-income funds had inflows of $288.4 million.

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
IWM iShares Russell 2000 214.06 14,246.62 1.53%
CSJ iShares Barclays 1-3 Year Credit Bond 94.28 9,522.68 1.00%
IYR iShares Dow Jones U.S. Real Estate 73.63 4,085.11 1.84%
TNA Direxion Daily Small Cap Bull 3x 64.78 833.99 8.42%
AMLP Alerian MLP 57.37 3,180.48 1.84%
VCIT Vanguard Intermediate-Term Corporate Bond 50.79 2,116.25 2.46%
UCO ProShares Ultra DJ-UBS Crude Oil 49.37 262.06 23.21%
GDXJ Market Vectors Junior Gold Miners 46.97 2,016.51 2.38%
HYG iShares iBoxx $ High Yield Corporate Bond 45.32 15,126.15 0.30%
FAS Direxion Daily Financial Bull 3x 44.35 1,385.75 3.31%


Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 -1,206.57 98,277.71 -1.21%
QQQ PowerShares QQQ -935.64 30,782.15 -2.95%
XLE Energy Select SPDR -344.01 6,690.75 -4.89%
EEM iShares MSCI Emerging Markets -224.10 37,125.90 -0.60%
XLF Financial Select SPDR -192.79 6,379.40 -2.93%
XLI Industrial Select SPDR -123.18 2,778.12 -4.25%
TZA Direxion Daily Small Cap Bear 3x -104.09 719.02 -12.65%
MDY SPDR S&P MidCap 400 -88.18 9,329.44 -0.94%
XOP SPDR S&P Oil & Gas Exploration & Production -86.71 722.56 -10.71%
OIH Market Vectors Oil Services -79.15 969.50 -7.55%


ETF Daily Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -2,452.78 532,194.08 -0.46%
International Equity -443.83 275,918.59 -0.16%
U.S. Fixed Income 288.44 186,637.34 0.15%
International Fixed Income 55.45 16,247.78 0.34%
Commodities -7.96 110,334.30 -0.01%
Currency - 3,241.14 0.00%
Leveraged 190.78 12,622.67 1.51%
Inverse -268.21 20,058.10 -1.34%
Asset Allocation 1.73 897.06 0.19%
Alternatives 2.74 4,359.45 0.06%
Total: -2,633.63 1,162,510.51 -0.23%


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

Ticker Name Average Volume
(30 Day)
1-Day Volume % of Average
TMW SPDR Dow Jones Total Market 90,093 2,511,424 2,787.58%
SLY SPDR S&P SmallCap 600 Index 42,734 912,637 2,135.64%
VGLT Vanguard Long-Term Government Bond 16,766 309,400 1,845.36%
JJT iPath Dow Jones-UBS Tin Total Return ETN 33,367 573,257 1,718.02%
GSP iPath S&P GSCI Total Return ETN 92,849 1,382,601 1,489.08%
GWL SPDR S&P World ex-US 229,806 2,731,197 1,188.48%
PBJ PowerShares Dynamic Food & Beverage Portfolio 49,293 580,929 1,178.53%
LAG SPDR Barclays Capital Aggregate Bond 220,600 2,021,287 916.27%
RWJ RevenueShares Small Cap 24,388 211,897 868.84%
DBO PowerShares DB Oil 386,511 3,065,713 793.18%


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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
INXX EGShares India Infrastructure 4.06% 3,948 53.99
GAZ iPath Dow Jones-UBS Natural Gas Total Return ETN 3.67% 170,252 33.13
VNM Market Vectors Vietnam 3.49% 164,973 348.83
SCIF Market Vectors India Small-Cap 3.19% 29,706 50.23
FBT First Trust NYSE Arca Biotechnology 3.16% 90,215 253.66
INP iPath MSCI India ETN 3.06% 143,152 456.66
SCIN EGShares India Small Cap 3.03% 1,406 24.57
PIN PowerShares India Portfolio 2.94% 1,002,203 368.51
EWI iShares MSCI Italy 2.93% 510,469 138.48
INDY iShares S&P India Nifty 50 2.90% 107,342 324.27
Bottom 10 1-Day Performers, Excluding Leverage/Inverse Funds and 'lt;1,000 Shares Traded
Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
GREK Global X FTSE Greece 20 -6.34% 28,663 2.61
SOCL Global X Social Media -4.27% 119,726 13.88
CVRT PowerShares Convertible Securities -3.79% 3,058 9.36
CSLS Credit Suisse Long/Short Liquid ETN -3.53% 90,989 25.50
BTAH QuantShares U.S. Market Neutral Beta -3.53% 6,900 7.61
VROM Global X Auto -3.51% 179,930 4.71
CVOL C-Tracks Exchange-Traded Notes on the Citi Volatility -3.46% 15,350 7.74
SHMO Russell 2000 High Momentum -3.24% 5,000 4.94
PSCM PowerShares S&P SmallCap Materials -2.98% 7,572 4.18
JJT iPath Dow Jones-UBS Tin Total Return ETN -2.93% 573,257 65.36

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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This article appears in: Investing , ETFs

Referenced Stocks: CSJ , IWM , IYR , QQQ , XLE

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