Weekly ETF Flows: Bye-Bye SPY

By IndexUniverse July 27, 2012, 06:00:00 PM EDT

Investors bailed out of stocks in the past week, as financial markets were again rocked by a fresh burst of anxiety about what effects Spain's troubles and Europe's ongoing debt crisis are having on global growth. That said, equity markets rallied on Thursday on hopes the eurozone's crisis might be stemmed.

A total of $5.21 billion flowed out of the SPDR S&P 500 ETF (NYSEArca:SPY) in the five-day period ended Thursday, July 26, and another $1.33 billion from the PowerShares QQQ Trust (NasdaqGM:QQQ), easily swamping relatively modest net flows into bond funds.

Overall, investors yanked $8.04 billion out of the ETF market last week, and total U.S.-listed ETF assets dropped about 1.5 percent to just under $1.185 trillion at the end of the period, according to data compiled by IndexUniverse. Assets were also pulled lower by a decline in stock markets.

The Dow Jones industrial average fell a bit less than 0.5 percent in the five-day period to 12,887.93-with the index's sharp losses earlier in the week nearly all erased by the rally on Thursday fueled by comments from European Central Bank President Mario Draghi that the ECB would preserve the eurozone. Exactly how wasn't yet clear-not an unusual EU disconnect between talk and action.

The past week's most popular fund was the SPDR Barclays Capital High Yield Bond ETF (NYSEArca:JNK), which gathered $162.0 million in fresh assets-the leading edge of net inflows into fixed-income funds totaling about $181 million.

U.S. equity funds suffered net outflows of $7.68 billion, while futures-based commodities strategies had outflows of $568.7 million.

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
JNK SPDR Barclays Capital High Yield Bond 161.99 11,182.51 1.47%
DVY iShares Dow Jones Select Dividend 131.46 10,852.45 1.23%
BOND PIMCO Total Return 128.83 2,213.39 6.18%
XLP Consumer Staples Select SPDR 109.90 6,049.86 1.85%
TLT iShares Barclays 20+ Year Treasury Bond 105.20 3,768.02 2.87%
PFF iShares S&P U.S. Preferred Stock 102.09 9,503.47 1.09%
DIA SPDR Dow Jones Industrial Average Trust 100.45 11,578.24 0.88%
HYG iShares iBoxx $ High Yield Corporate Bond 99.80 15,581.48 0.64%
EWQ iShares MSCI France 97.92 389.64 33.56%
VGK Vanguard European 79.65 2,500.52 3.29%


Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 -5,209.72 102,346.62 -4.84%
QQQ PowerShares QQQ -1,327.08 31,856.64 -4.00%
IWM iShares Russell 2000 -497.80 14,974.93 -3.22%
XLI Industrial Select SPDR -478.33 3,177.08 -13.09%
XLE Energy Select SPDR -299.70 6,990.25 -4.11%
SHY iShares Barclays 1-3 Year Treasury Bond -287.37 9,270.75 -3.01%
IEI iShares Barclays 3-7 Year Treasury Bond -272.40 2,067.13 -11.64%
GLD SPDR Gold -231.05 65,134.25 -0.35%
OIH Market Vectors Oil Services -213.33 1,112.93 -16.09%
IEF iShares Barclays 7-10 Year Treasury Bond -197.19 4,668.53 -4.05%


ETF Weekly Daily Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -7,680.43 544,588.09 -1.41%
International Equity 252.49 260,685.07 0.10%
U.S. Fixed Income 10.60 213,414.77 0.00%
International Fixed Income 170.97 18,757.06 0.91%
Commodities -568.68 106,932.34 -0.53%
Currency -30.10 2,946.62 -1.02%
Leveraged -114.68 12,371.57 -0.93%
Inverse -128.49 19,082.72 -0.67%
Asset Allocation 30.51 1,962.40 1.55%
Alternatives 22.02 4,031.00 0.55%
Total: -8,035.80 1,184,771.65 -0.68%


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

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
VONE Vanguard Russell 1000 41,112 853,353 415.13%
PBJ PowerShares Dynamic Food & Beverage Portfolio 85,842 1,691,171 394.02%
IGN iShares S&P North American Technology-Multimedia Networking 50,558 669,053 264.67%
SPYG SPDR S&P 500 Growth 10,514 132,763 252.55%
MLPN Credit Suisse Cushing 30 MLP ETN 105,105 1,297,805 246.96%
EFAV iShares MSCI EAFE Minimum Volatility 16,008 197,127 246.29%
LVOL Russell 1000 Low Volatility 9,130 111,352 243.93%
RWL RevenueShares Large Cap 18,426 222,343 241.34%
TYO Direxion Daily 7-10 Year Treasury Bear 3x 8,386 100,773 240.34%
DBP PowerShares DB Precious Metals 35,358 408,825 231.25%


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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
QQQM Global X NASDAQ 400 Mid Cap 14.10% 1,100 1.32
CVOL C-Tracks Exchange-Traded Notes on the Citi Volatility 8.37% 140,137 6.02
VIXY ProShares VIX Short-Term 6.79% 5,659,539 133.00
VIIX VelocityShares VIX Short Term ETN 6.71% 2,374,504 32.73
VXX iPath S&P 500 VIX Short-Term Futures ETN 6.37% 241,753,497 1,640.13
DCNG iPath Pure Beta Seasonal Natural Gas ETN 4.04% 1,600 2.37
GDXJ Market Vectors Junior Gold Miners 3.67% 11,651,823 2,124.89
CHOC iPath Pure Beta Cocoa ETN 3.54% 1,200 3.17
ZROZ PIMCO 25+ Year Zero Coupon U.S. Treasury 3.32% 89,722 183.48
RING iShares MSCI Global Gold Miners 3.19% 20,751 29.34
Bottom 10 Weekly Performers, Excluding Leverage/Inverse Funds and 'lt;1,000 Shares Traded
Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
TAGS Teucrium Agricultural -9.50% 8,360 5.41
JO iPath Dow Jones-UBS Coffee Total Return ETN -8.59% 89,495 27.07
GRN iPath Global Carbon ETN -8.28% 2,758 1.19
GREK Global X FTSE Greece 20 -8.01% 92,555 6.88
CAFE iPath Pure Beta Coffee ETN -7.68% 93,728 1.61
JJT iPath Dow Jones-UBS Tin Total Return ETN -7.64% 20,174 8.90
SLX Market Vectors Steel -7.23% 256,310 108.60
IDXJ Market Vectors Indonesia Small Cap -6.94% 21,760 4.15
SCIF Market Vectors India Small-Cap -6.66% 166,099 39.34
PSTL PowerShares Global Steel Portfolio -6.66% 1,271 2.48

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
ITB iShares Dow Jones U.S. Home Construction 41.19 0.90 824.45
XBI SPDR S&P Biotech 37.77 -1.13 713.78
FBT First Trust NYSE Arca Biotechnology 35.76 -2.55 257.11
BBH Market Vectors Biotech 35.55 0.35 113.32
JJG iPath Dow Jones UBS Grains Total Return ETN 34.67 -4.70 179.32
TUR iShares MSCI Turkey Investable Market 32.59 1.67 483.85
EGPT Market Vectors Egypt 29.92 -2.23 43.30
GRU ELEMENTS MLCX Grains - Total Return ETN 29.44 -3.01 18.61
IBB iShares NASDAQ Biotechnology 29.21 0.37 2,107.12
WEET iPath Pure Beta Grains ETN 28.59 -2.42 2.70

Bottom 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
CVOL C-Tracks Exchange-Traded Notes on the Citi Volatility -71.74 8.37 6.02
VXAA ETRACS 1-Month S&P 500 VIX Futures ETN -62.84 -2.92 3.19
VXX iPath S&P 500 VIX Short-Term Futures ETN -62.43 6.37 1,640.13
VIXY ProShares VIX Short-Term -62.43 6.79 133.00
VIIX VelocityShares VIX Short Term ETN -62.27 6.71 32.73
VXBB ETRACS 2-Month S&P 500 VIX Futures ETN -48.56 0.00 4.57
VXCC ETRACS 3-Month S&P 500 VIX Futures ETN -38.35 3.07 5.81
KWT Market Vectors Solar Energy -38.07 -5.54 8.56
TAN Guggenheim Solar -35.79 -5.43 42.16
VXDD ETRACS 4-Month S&P 500 VIX Futures ETN -35.22 -3.29 5.98

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: JNK, QQQ, SPY



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