Weekly ETF Flows: EWJ, DXJ Shine

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Investors continued in the past week to pour money into the Land of Rising Sun-aka the Land of the Weakening Yen-with the two biggest Japan-focused equity funds, EWJ and DXJ, landing near the top on IndexUniverse's "Top Creations" list.

Overall, total net inflows into U.S.-listed ETF were nearly $6 billion, and total assets reached a record $1.484 trillion in the week ended Thursday, April 11, compared with $1.453 trillion in the prior week, according to data compiled by IndexUniverse.

The S&P 500 rallied 33.39 points, or 2.14 percent, over the same five-day period ended Thursday, April 11, hitting an all-time record of 1593.37 at the close.


The iShares MSCI Japan Index Fund (NYSEArca:EWJ) and its currency-hedged alternative, the WisdomTree Japan Hedged Equity Fund (NYSEArca:DXJ), hauled in $549.1 million and $366.3 million, respectively.

While inflows in recent months into DXJ have reflected Japan's apparent changing fortunes as policymakers seek to weaken the yen to spur exporters and help lift the economy out of nearly 25 years of deflationary doldrums, EWJ-which is not currency hedged-has also been gaining assets recently as well.

EWJ has rallied 16.4 percent so far this year, whereas DXJ is up 27 percent, the difference reflecting the protection against yen weakening that DXJ is designed to deliver.

Last week's least popular ETF was the physical bullion fund SPDR Gold Shares (NYSEArca:GLD), which bled $1.23 billion. It was the second-straight week that GLD was at the top of IndexUniverse's "Top Redemptions" list-a reflection perhaps of the head winds gold is now facing.

GLD fell nearly 5 percent today on news Cyprus was dumping some of its gold reserves, and is down more than 20 percent since reaching a high in September 2011.

Top 10 Creations (All ETFs )

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
DIA SPDR Dow Jones Industrial Average Trust 826.06 12,199.46 7.26%
MDY SPDR S&P MidCap 400 755.38 12,749.00 6.30%
SHV iShares Barclays Short Treasury Bond 705.41 4,100.18 20.78%
FLOT iShares Floating Rate Note 581.05 1,531.67 61.12%
EWJ iShares MSCI Japan 549.14 8,394.28 7.00%
HYS PIMCO 0-5 Year High Yield Corporate Bond 434.78 1,859.56 30.52%
DXJ WisdomTree Japan Hedged Equity 366.25 6,543.36 5.93%
BSV Vanguard Short-Term Bond 347.93 11,821.76 3.03%
USMV iShares MSCI USA Minimum Volatility 303.11 3,030.00 11.12%
XLI Industrial Select SPDR 301.82 4,669.56 6.91%


Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
GLD SPDR Gold -1,233.48 59,431.79 -2.03%
IWF iShares Russell 1000 Growth -687.35 18,917.52 -3.51%
VWO Vanguard FTSE Emerging Markets -581.77 57,328.00 -1.00%
EFA iShares MSCI EAFE -529.42 41,716.69 -1.25%
JNK SPDR Barclays High Yield Bond -500.66 11,570.47 -4.15%
VCIT Vanguard Intermediate-Term Corporate Bond -500.40 3,150.23 -13.71%
LQD iShares iBoxx $ Investment Grade Corporate Bond -435.25 23,442.96 -1.82%
QQQ PowerShares QQQ -409.48 31,915.12 -1.27%
IWM iShares Russell 2000 -301.04 20,585.36 -1.44%
VCLT Vanguard Long-Term Corporate Bond -283.39 809.90 -25.92%


ETF Weekly Daily Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 3,606.13 718,422.36 0.50%
International Equity 701.50 356,011.80 0.20%
U.S. Fixed Income 2,078.49 236,912.54 0.88%
International Fixed Income 277.30 27,914.62 0.99%
Commodities -1,326.20 102,688.60 -1.29%
Currency -54.85 2,723.28 -2.01%
Leveraged -182.85 13,874.15 -1.32%
Inverse 777.58 19,042.16 4.08%
Asset Allocation 59.56 3,242.87 1.84%
Alternatives 60.24 3,405.94 1.77%
Total: 5,996.91 1,484,238.33 0.40%


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

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
RYJ Guggenheim Raymond James SB-1 Equity 33,238 702,774 422.88%
NYC iShares NYSE Composite 11,691 240,135 410.79%
ITF iShares S&P/TOPIX 150 34,765 676,958 389.45%
ROM ProShares Ultra Technology 22,705 421,151 370.97%
PICK iShares MSCI Global Select Metals & Mining Producers 40,696 741,601 364.46%
LWC SPDR Barclays Long Term Corporate Bond 86,554 1,386,580 320.39%
PPH Market Vectors Pharmaceutical 70,306 1,115,953 317.45%
NFO Guggenheim Insider Sentiment 24,638 389,834 316.45%
MLPN Credit Suisse Cushing 30 MLP ETN 163,520 2,549,271 311.80%
FLOT iShares Floating Rate Note 704,829 10,918,461 309.82%


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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
TAN Guggenheim Solar 15.66% 1,205,870 64.29
GREK Global X FTSE Greece 20 11.59% 285,723 24.89
DBJP db X-trackers MSCI Japan Hedged Equity 10.68% 757,017 27.58
KWT Market Vectors Solar Energy 10.27% 59,067 11.91
DXJ WisdomTree Japan Hedged Equity 10.25% 39,723,141 6,543.36
PSCE PowerShares S&P SmallCap Energy 8.64% 166,067 27.78
QCLN First Trust NASDAQ Clean Edge Green Energy 7.76% 152,477 26.86
PBW PowerShares WilderHill Clean Energy 6.89% 1,520,164 139.05
FCG First Trust ISE-Revere Natural Gas 6.49% 5,045,918 440.24
EWI iShares MSCI Italy Capped 6.44% 6,145,881 548.50
Bottom 10 Weekly Performers, Excluding Leverage/Inverse Funds and 'lt;1,000 Shares Traded
Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
GRN iPath Global Carbon ETN -13.03% 9,125 0.65
VXX iPath S&P 500 VIX Short-Term Futures ETN -8.97% 230,128,836 1,241.49
VIIX VelocityShares VIX Short Term ETN -8.97% 3,508,682 18.00
VIXY ProShares VIX Short-Term -8.93% 11,419,180 215.30
PALL ETFS Physical Palladium -6.81% 407,795 553.02
FXY CurrencyShares Japanese Yen Trust -6.69% 4,575,249 118.09
BAL iPath Dow Jones-UBS Cotton Total Return ETN -4.30% 105,063 42.12
VXZ iPath S&P 500 VIX Mid-Term Futures ETN -4.28% 2,561,744 47.88
VIXM ProShares VIX Mid-term -4.28% 397,750 60.50
VIIZ VelocityShares VIX Mid Term ETN -4.28% 1,960 3.70

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
DBJP db X-trackers MSCI Japan Hedged Equity 30.35 10.68 27.58
IDXJ Market Vectors Indonesia Small Cap 26.03 0.75 10.27
DXJ WisdomTree Japan Hedged Equity 25.76 10.25 6,543.36
BBH Market Vectors Biotech 25.25 3.82 258.13
GAZ iPath Dow Jones-UBS Natural Gas Total Return ETN 21.86 6.12 43.60
IBB iShares NASDAQ Biotechnology 20.46 3.59 2,796.75
XTN SPDR S&P Transportation 20.21 3.72 48.44
KBWY PowerShares KBW Premium Yield Equity REIT 19.92 3.13 88.80
QCLN First Trust NASDAQ Clean Edge Green Energy 19.81 7.76 26.86
FXG First Trust Consumer Staples AlphaDEX 19.76 1.26 551.43

Bottom 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
VIIX VelocityShares VIX Short Term ETN -40.43 -8.97 18.00
VXX iPath S&P 500 VIX Short-Term Futures ETN -40.43 -8.97 1,241.49
VIXY ProShares VIX Short-Term -40.04 -8.93 215.30
GRN iPath Global Carbon ETN -37.36 -13.03 0.65
GLDX Global X Gold Explorers -33.61 0.41 33.12
VXZ iPath S&P 500 VIX Mid-Term Futures ETN -27.02 -4.28 47.88
VIIZ VelocityShares VIX Mid Term ETN -27.02 -4.28 3.70
VIXM ProShares VIX Mid-term -26.97 -4.28 60.50
GDX Market Vectors Gold Miners -25.12 1.17 6,720.10
GGGG Global X PURE Gold Miners -24.86 3.15 3.09

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: DXJ , EWJ , GLD

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