Weekly ETF Flows: EEM Shines Again

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Investors continued to pour money into exchange-traded funds in the past week, with more conspicuous inflows into the iShares MSCI Emerging Markets Index Fund (NYSEArca:EEM) one of the week's top features.

Overall, investors plowed $16.6 billion into ETFs last week-almost $14 billion of that into U.S. equities funds. Total U.S-listed ETF assets rose 2.8 percent to more than $3.312 trillion from the prior week. In our survey, that prior week ended on Wednesday, Nov. 21-the day before the Thanksgiving holiday.

Over the same period, the Dow Jones industrial average rose 185 points, or 1.44 percent, to 13,021.82.

EEM gathered $1.02 billion, and total assets in the fund ended the period at almost $41 billion. The Vanguard MSCI Emerging Markets ETF (NYSEArca:VWO) meanwhile pulled in $119.2 million and ended the week with $56.9 billion, according to data compiled by IndexUniverse.

Investors have been pouring money back into EEM since Vanguard Group's announcement in early October that it planned to change indexes on VWO to a benchmark from FTSE.

Some ETF industry sources have argued that the positive flows for EEM relative to VWO-essentially a reversal of a broad pattern of the past few years-might be related to the fact that institutions still largely favor MSCI benchmarks. That would mean VWO could be falling out of favor among such large investors, no matter how smoothly it trades.

Another feature of the past week was broad inflows into Vanguard funds, though those are phantom flows to the extent that they are related to end-of-month rebalancing going on in the various funds. If history is any guide, next week will be marked by similar outflows from those very same funds, as the rebalancing activity is completed.

The week's single most popular fund was the world's biggest exchange-traded fund, the SPDR S&P 500 ETF (NYSEArca:SPY). It hauled in $5.75 billion.

Last week's least popular fund was the PowerShares QQQ Trust (NasdaqGM:QQQ), which suffered redemptions of $426 million.

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 5,745.34 110,054.25 5.51%
VO Vanguard Mid-Cap 1,399.76 5,215.00 36.69%
VTV Vanguard Value 1,292.19 8,010.97 19.23%
EEM iShares MSCI Emerging Markets 1,023.06 40,972.03 2.56%
IWM iShares Russell 2000 960.13 15,473.80 6.62%
VB Vanguard Small-Cap 841.98 5,343.87 18.70%
VUG Vanguard Growth 628.66 9,041.44 7.47%
DIA SPDR Dow Jones Industrial Average Trust 564.09 10,466.85 5.70%
VBK Vanguard Small-Cap Growth 499.67 2,616.42 23.61%
VBR Vanguard Small-Cap Value 496.65 2,672.29 22.83%


Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
QQQ PowerShares QQQ -426.04 30,518.29 -1.38%
XLV Health Care Select SPDR -341.42 5,549.66 -5.80%
TIP iShares Barclays TIPS Bond -268.14 22,828.12 -1.16%
IEF iShares Barclays 7-10 Year Treasury Bond -173.61 4,698.86 -3.56%
KBWB PowerShares KBW Bank -170.88 38.75 -81.51%
TNA Direxion Daily Small Cap Bull 3x -151.42 833.74 -15.37%
IYR iShares Dow Jones U.S. Real Estate -151.18 4,617.49 -3.17%
XOP SPDR S&P Oil & Gas Exploration & Production -111.38 742.28 -13.05%
CSJ iShares Barclays 1-3 Year Credit Bond -105.43 9,510.69 -1.10%
GOVT iShares Barclays U.S. Treasury Bond -96.25 141.96 -40.41%


ETF Weekly Daily Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 13,828.20 587,875.14 2.35%
International Equity 1,981.98 308,878.91 0.64%
U.S. Fixed Income 368.51 228,204.46 0.16%
International Fixed Income 228.81 24,840.29 0.92%
Commodities 394.07 122,294.35 0.32%
Currency -25.77 2,871.34 -0.90%
Leveraged -143.18 13,964.36 -1.03%
Inverse -201.73 17,534.44 -1.15%
Asset Allocation 15.28 2,333.53 0.65%
Alternatives 147.36 3,587.21 4.11%
Total: 16,593.54 1,312,384.03 1.26%


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

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
AGOL ETFS Physical Asian Gold 1,375 31,123 452.71%
RYT Guggenheim S&P Equal Weight Technology 16,955 381,119 449.56%
EMM SPDR Dow Jones Mid Cap 5,659 113,890 402.54%
MOAT Market Vectors Morningstar Wide Moat Research 69,683 1,369,147 392.96%
PICK iShares MSCI Global Select Metals & Mining Producers 60,774 1,177,170 387.39%
CORP PIMCO Investment Grade Corporate Bond 31,940 524,663 328.53%
SCHM Schwab U.S. Mid-Cap 103,637 1,484,219 286.43%
WPS iShares S&P Developed Ex-US. Property 73,170 1,019,318 278.62%
IGN iShares S&P North American Technology-Multimedia Networking 21,642 288,007 266.15%
EUSA iShares MSCI USA 7,324 93,556 255.47%


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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
KWT Market Vectors Solar Energy 12.52% 12,295 9.60
TAN Guggenheim Solar 11.91% 161,218 42.29
PSCM PowerShares S&P SmallCap Materials 7.95% 1,119 6.14
INCO EGShares India Consumer 7.78% 176,527 2.37
AXMT iShares MSCI ACWI ex-US Materials 7.00% 1,800 2.63
EWT iShares MSCI Taiwan 6.64% 34,067,285 2,567.79
EWGS iShares MSCI Germany Small Cap 6.29% 4,729 8.90
SCIF Market Vectors India Small-Cap 6.25% 731,615 74.31
XSD SPDR S&P Semiconductor 6.03% 35,180 34.73
PALL ETFS Physical Palladium 5.98% 573,274 485.90
Bottom 10 Weekly Performers, Excluding Leverage/Inverse Funds and 'lt;1,000 Shares Traded
Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
EGPT Market Vectors Egypt -13.17% 790,179 41.11
UNG United States Natural Gas -9.36% 35,235,198 1,162.65
UNL United States 12 Month Natural Gas -7.81% 156,545 47.66
VIXY ProShares VIX Short-Term -7.34% 3,545,269 143.96
VIIX VelocityShares VIX Short Term ETN -7.17% 2,296,403 14.06
VXX iPath S&P 500 VIX Short-Term Futures ETN -7.15% 132,348,520 1,277.94
CVOL C-Tracks Citi Volatility ETN -6.64% 173,463 4.41
NAGS Teucrium Natural Gas -6.25% 14,643 4.93
DCNG iPath Pure Beta Seasonal Natural Gas ETN -5.71% 36,661 36.76
GAZ iPath Dow Jones-UBS Natural Gas Total Return ETN -4.95% 270,569 40.38

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
ITB iShares Dow Jones U.S. Home Construction 73.87 0.73 1,621.70
XHB SPDR S&P Homebuilders 54.97 0.96 2,228.93
TUR iShares MSCI Turkey Investable Market 52.68 3.88 648.40
TAO Guggenheim China Real Estate 51.64 4.32 58.65
BBH Market Vectors Biotech 50.51 1.69 142.38
INCO EGShares India Consumer 50.25 7.78 2.37
EPHE iShares MSCI Philippines Investable Market 43.64 2.35 173.37
FBT First Trust NYSE Arca Biotechnology 40.94 2.79 237.11
PKB PowerShares Dynamic Building & Construction 40.76 2.25 59.64
IFAS iShares FTSE EPRA/NAREIT Developed Asia 40.06 1.39 32.91

Bottom 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
VXX iPath S&P 500 VIX Short-Term Futures ETN -79.52 -7.15 1,277.94
VIXY ProShares VIX Short-Term -79.51 -7.34 143.96
VIIX VelocityShares VIX Short Term ETN -79.48 -7.17 14.06
CVOL C-Tracks Citi Volatility ETN -74.45 -6.64 4.41
VXZ iPath S&P 500 VIX Mid-Term Futures ETN -53.26 -4.35 78.25
VIXM ProShares VIX Mid-term -52.96 -4.10 91.16
VIIZ VelocityShares VIX Mid Term ETN -51.96 -7.66 5.09
KWT Market Vectors Solar Energy -42.67 12.52 9.60
TAN Guggenheim Solar -42.19 11.91 42.29
JO iPath Dow Jones-UBS Coffee Total Return ETN -37.90 1.83 46.15

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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Copyright ® 2012 IndexUniverse LLC . All Rights Reserved.



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: EEM , QQQ , SPY , VWO

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