Investors plowed more than $15 billion into ETFs in the past
week, lifting assets to a record, amid expectations that the
Federal Reserve would launch a third round of quantitative easing
to keep lending costs low, lift asset prices and generally
stimulate an economy that has produced lackluster job growth.
Overall, total U.S.-listed ETF assets climbed 3.1 percent to
$1.288 billion-again a record. In fact, new records were broken on
each day of the week. Asset growth was also fueled by rising
markets, with the Dow Jones industrial average rising 1.8 percent
in the five days ended Sept. 13.
The actual arrival on Thursday of so-called QE3, courtesy of the
Fed, provided most of the impetus for the market's move. The
central bank committed to so-called QE3-an open-ended program to
purchase $40 billion in mortgage-backed securities a month. Apart
from stocks, precious metals rose as well, though bond prices were
steady to lower.
The most popular exchange-traded fund in the past week was the
SPDR S&P 500 ETF (NYSEArca:SPY). It hauled in $6.24 billion-the
leading edge of flows into U.S. equities that totaled $11.22
billion.
The least popular fund in the past week-the Market Vectors Gold
Miners ETF (NYSEArca:GDX)-was something of a surprise considering
gold's move up in price in connection with the Fed's decision to
launch QE3 and inflows during yesterday's session into the world's
biggest bullion ETF , SPDR Gold Shares (NYSEArca:GLD).
The yellow metal jumped 2.2 percent on Thursday alone and,
according to our separate daily ETF flows report, GLD pulled in
$168.1 million in fresh assets on Sept. 13.
But GDX recorded redemptions of $235.2 million in the entire
week.
Top 10 Creations (All ETFs)
| Ticker |
Name |
Net Flows ($,mm) |
AUM ($, mm) |
AUM % Change |
| SPY |
SPDR S&P 500 |
6,244.02 |
112,755.18 |
5.86% |
| IWM |
iShares Russell 2000 |
1,431.59 |
18,061.66 |
8.61% |
| QQQ |
PowerShares QQQ |
410.22 |
36,047.62 |
1.15% |
| EWZ |
iShares MSCI Brazil |
384.02 |
8,267.15 |
4.87% |
| XLB |
Materials Select SPDR |
375.25 |
2,562.66 |
17.16% |
| XLI |
Industrial Select SPDR |
346.21 |
3,755.00 |
10.16% |
| VGK |
Vanguard MSCI Europe |
331.10 |
3,360.09 |
10.93% |
| JNK |
SPDR Barclays Capital High Yield Bond |
318.08 |
12,521.71 |
2.61% |
| HYG |
iShares iBoxx $ High Yield Corporate Bond |
314.07 |
16,827.24 |
1.90% |
| EWG |
iShares MSCI Germany |
303.66 |
3,346.70 |
9.98% |
Top 10 Redemptions (All ETFs)
| Ticker |
Name |
Net Flows ($,mm) |
AUM ($, mm) |
AUM % Change |
| GDX |
Market Vectors Gold Miners |
-235.24 |
9,317.74 |
-2.46% |
| TNA |
Direxion Daily Small Cap Bull 3x |
-194.03 |
549.60 |
-26.09% |
| FAS |
Direxion Daily Financial Bull 3x |
-160.29 |
1,185.03 |
-11.91% |
| IVV |
iShares S&P 500 |
-151.52 |
31,504.14 |
-0.48% |
| RSX |
Market Vectors Russia |
-124.67 |
1,783.45 |
-6.53% |
| EWJ |
iShares MSCI Japan |
-120.74 |
4,620.24 |
-2.55% |
| UNG |
United States Natural Gas |
-107.62 |
1,138.45 |
-8.64% |
| XLU |
Utilities Select SPDR |
-100.52 |
6,236.35 |
-1.59% |
| RYH |
Guggenheim S&P Equal Weight Health Care |
-95.06 |
19.18 |
-83.21% |
| USO |
United States Oil |
-93.58 |
1,141.30 |
-7.58% |
ETF Weekly Daily Flows By Asset Class
|
|
Net Flows ($, mm) |
AUM ($, mm) |
% of AUM |
|
U.S. Equity
|
11,224.24 |
597,936.57 |
1.88% |
|
International Equity
|
2,180.54 |
290,396.19 |
0.75% |
|
U.S. Fixed Income
|
1,533.73 |
218,887.03 |
0.70% |
|
International Fixed Income
|
303.87 |
20,332.62 |
1.49% |
|
Commodities
|
129.30 |
119,086.48 |
0.11% |
|
Currency
|
-15.95 |
3,030.57 |
-0.53% |
|
Leveraged
|
-336.39 |
13,202.38 |
-2.55% |
|
Inverse
|
-32.61 |
19,042.42 |
-0.17% |
|
Asset Allocation
|
37.67 |
2,211.30 |
1.70% |
|
Alternatives
|
59.53 |
4,133.53 |
1.44% |
|
Total:
|
15,083.93
|
1,288,259.10
|
1.17%
|
Top 10 Volume Surprises, Funds 'gt;$50 mm AUM
| Ticker |
Name |
Average Volume
(30 Day) |
1 Week Average
Volume |
% of Average |
| IWX |
iShares Russell Top 200 Value |
17,711 |
348,001 |
392.97% |
| TUZ |
PIMCO 1-3 Year U.S. Treasury |
17,838 |
343,383 |
385.01% |
| AOK |
iShares S&P Conservative Allocation |
33,507 |
615,497 |
367.38% |
| RWJ |
RevenueShares Small Cap |
22,607 |
389,983 |
345.02% |
| EZU |
iShares MSCI EMU |
1,128,928 |
17,894,151 |
317.01% |
| EPS |
WisdomTree Earnings 500 |
10,673 |
163,565 |
306.50% |
| AGOL |
ETFS Physical Asian Gold |
391 |
5,925 |
303.01% |
| GSP |
iPath S&P GSCI Total Return ETN |
38,768 |
546,765 |
282.07% |
| PIO |
PowerShares Global Water |
66,785 |
940,626 |
281.69% |
| EMCB |
WisdomTree Emerging Markets Corporate Bond |
22,310 |
311,826 |
279.54% |
Top 10 Weekly Performers, Excluding Leverage/Inverse
Funds and 'lt;1,000 Shares Traded
| Ticker |
Name |
Weekly Performance |
Weekly Volume |
AUM ($, mm) |
| SGGG |
Russell Small Cap Aggressive Growth |
19.44% |
2,003 |
6.54 |
| GREK |
Global X FTSE Greece 20 |
17.57% |
633,248 |
18.23 |
| JJM |
iPath Dow Jones-UBS Industrial Metals Total Return
ETN |
14.14% |
9,557 |
37.84 |
| CAFE |
iPath Pure Beta Coffee ETN |
13.73% |
28,540 |
1.62 |
| JO |
iPath Dow Jones-UBS Coffee Total Return ETN |
13.16% |
485,521 |
35.31 |
| PSTL |
PowerShares Global Steel |
12.95% |
4,212 |
2.05 |
| REMX |
Market Vectors Rare Earth/Strategic Metals |
11.60% |
657,814 |
168.33 |
| CU |
First Trust ISE Global Copper |
11.46% |
177,592 |
45.82 |
| XME |
SPDR S&P Metals and Mining |
11.46% |
22,369,615 |
941.93 |
| LEDD |
iPath Pure Beta Lead ETN |
11.23% |
1,306 |
0.80 |
Bottom 10 Weekly Performers, Excluding Leverage/Inverse
Funds and 'lt;1,000 Shares Traded
| Ticker |
Name |
Weekly Performance |
Weekly Volume |
AUM ($, mm) |
| VIIX |
VelocityShares VIX Short Term ETN |
-11.09% |
1,263,151 |
17.40 |
| VXX |
iPath S&P 500 VIX Short-Term Futures ETN |
-11.08% |
271,015,103 |
1,657.57 |
| VIXY |
ProShares VIX Short-Term |
-10.92% |
5,852,670 |
155.75 |
| VIXM |
ProShares VIX Mid-term |
-9.04% |
340,771 |
99.38 |
| VXZ |
iPath S&P 500 VIX Mid-Term Futures ETN |
-8.81% |
4,381,136 |
172.23 |
| CVOL |
C-Tracks Exchange-Traded Notes on the Citi
Volatility |
-6.64% |
357,564 |
4.57 |
| FUE |
ELEMENTS MLCX Biofuels Total Return ETN |
-4.91% |
3,700 |
1.89 |
| ZROZ |
PIMCO 25+ Year Zero Coupon U.S. Treasury |
-4.47% |
259,528 |
99.68 |
| GWO |
ELEMENTS Credit Suisse Global Warming ETN |
-4.28% |
3,087 |
2.86 |
| EDV |
Vanguard Extended Duration Treasury |
-4.08% |
214,281 |
189.01 |
Top 10 YTD Performers
| Ticker |
Name |
YTD Performance |
Weekly Performance |
AUM ($, mm) |
| ITB |
iShares Dow Jones U.S. Home Construction |
66.16 |
5.01 |
1,317.93 |
| EGPT |
Market Vectors Egypt |
62.69 |
3.85 |
58.37 |
| XHB |
SPDR S&P Homebuilders |
48.99 |
3.88 |
1,848.36 |
| BBH |
Market Vectors Biotech |
44.33 |
-0.57 |
131.35 |
| TUR |
iShares MSCI Turkey Investable Market |
42.96 |
1.43 |
567.72 |
| JJG |
iPath Dow Jones UBS Grains Total Return ETN |
39.57 |
-0.52 |
173.60 |
| XBI |
SPDR S&P Biotech |
38.90 |
0.23 |
669.18 |
| FBT |
First Trust NYSE Arca Biotechnology |
38.73 |
0.69 |
256.00 |
| TAO |
Guggenheim China Real Estate |
36.00 |
7.33 |
20.64 |
| WEET |
iPath Pure Beta Grains ETN |
35.84 |
-1.97 |
2.91 |
Bottom 10 YTD Performers
| Ticker |
Name |
YTD Performance |
Weekly Performance |
AUM ($, mm) |
| VXX |
iPath S&P 500 VIX Short-Term Futures ETN |
-75.03 |
-11.08 |
1,657.57 |
| VIXY |
ProShares VIX Short-Term |
-75.02 |
-10.92 |
155.75 |
| VIIX |
VelocityShares VIX Short Term ETN |
-75.00 |
-11.09 |
17.40 |
| CVOL |
C-Tracks Exchange-Traded Notes on the Citi
Volatility |
-74.45 |
-6.64 |
4.57 |
| VXZ |
iPath S&P 500 VIX Mid-Term Futures ETN |
-41.99 |
-8.81 |
172.23 |
| VIXM |
ProShares VIX Mid-term |
-41.76 |
-9.04 |
99.38 |
| VIIZ |
VelocityShares VIX Mid Term ETN |
-37.12 |
-8.35 |
6.35 |
| KWT |
Market Vectors Solar Energy |
-28.85 |
6.68 |
11.77 |
| TAN |
Guggenheim Solar |
-27.45 |
8.08 |
46.96 |
| JO |
iPath Dow Jones-UBS Coffee Total Return ETN |
-25.14 |
13.16 |
35.31 |
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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