Weekly ETF Flows: Int'l Bonds Bleed Assets

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Investors yanked money out of international bond funds in the past week as financial markets, reacting to comments from Federal Reserve Chairman Ben Bernanke that the era of easy-money monetary policy may start to end this year, went on tenterhooks over the interest rate outlook.

Almost $4.8 billion flowed into U.S. ETFs , though more than $250 million flowed out of international fixed-income ETFs, including the iShares J.P. Morgan USD Emerging Markets Bond Fund (NYSEArca:EMB), a dollar-denominated security, which lost $217 million in assets.

Yields on benchmark 10-year Treasurys have moved the better part of 100 basis points higher in the past month to 2.51 percent on strengthening views that the Fed will start to end its unprecedented five-year campaign of zero-interest-rate policy and quantitative easing.

Markets tumbled hard, especially on Thursday, and in the five-day period ended June 20, the S&P 500 fell almost 3 percent to 1,588.19. Overall, U.S.-listed ETF assets fell about 2.5 percent to $1.437 trillion, according to data compiled by IndexUniverse.

Other bond funds that recorded significant redemptions included:

  • iShares Barclays TIPS Bond Fund (NYSEArca:TIP), outflows of $498.2 million
  • iShares iBoxx $ Investment Grade Corporate Bond Fund (NYSEArca:LQD), outflows of $375.9 million

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 2,027.55 136,674.34 1.51%
EWZ iShares MSCI Brazil Capped 406.32 5,841.93 7.48%
VB Vanguard Small-Cap 397.77 6,598.33 6.42%
VO Vanguard Mid-Cap 393.31 5,391.18 7.87%
XLE Energy Select SPDR 363.66 7,846.49 4.86%
TLT iShares Barclays 20+ Year Treasury Bond 334.88 3,800.12 9.66%
IVV iShares Core S&P 500 316.48 41,919.11 0.76%
HYG iShares iBoxx $ High Yield Corporate Bond 304.96 13,730.34 2.27%
XLY Consumer Discretionary Select SPDR 248.81 5,734.87 4.54%
XLF Financial Select SPDR 233.37 13,869.50 1.71%


Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
IWM iShares Russell 2000 -701.05 21,557.53 -3.15%
QQQ PowerShares QQQ -649.35 33,499.01 -1.90%
IYR iShares Dow Jones U.S. Real Estate -522.97 3,985.79 -11.60%
TIP iShares Barclays TIPS Bond -498.20 16,423.42 -2.94%
LQD iShares iBoxx $ Investment Grade Corporate Bond -375.94 20,232.19 -1.82%
GLD SPDR Gold -333.81 41,348.52 -0.80%
VWO Vanguard FTSE Emerging Markets -241.58 48,871.69 -0.49%
EMB iShares J.P. Morgan USD Emerging Markets Bond -217.15 4,599.98 -4.51%
EWC iShares MSCI Canada -199.75 3,450.30 -5.47%
PFF iShares S&P U.S. Preferred Stock -188.22 11,024.58 -1.68%


ETF Weekly Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 4,745.11 736,042.35 0.64%
International Equity -89.34 324,502.16 -0.03%
U.S. Fixed Income 54.02 228,359.32 0.02%
International Fixed Income -254.65 26,186.30 -0.97%
Commodities -343.36 76,636.36 -0.45%
Currency -13.34 2,351.25 -0.57%
Leveraged 244.95 14,888.02 1.65%
Inverse 240.68 21,367.51 1.13%
Asset Allocation 15.86 3,532.85 0.45%
Alternatives 199.49 3,620.58 5.51%
Total: 4,799.41 1,437,486.69 0.33%


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

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
UCI ETRACS CMCI Total Return ETN 53,904 1,087,460 403.48%
PBJ PowerShares Dynamic Food & Beverage 97,409 1,862,962 382.50%
INDA iShares MSCI India 307,243 5,708,471 371.59%
SPHB PowerShares S&P 500 High Beta 259,969 4,455,226 342.75%
COW iPath Dow Jones-UBS Livestock Total Return ETN 24,859 396,181 318.75%
XVZ iPath S&P Dynamic VIX ETN 96,962 1,488,457 307.02%
ITE SPDR Barclays Intermediate Term Treasury 19,806 284,600 287.39%
IWC iShares Russell Microcap 90,603 1,264,882 279.21%
HAP Market Vectors RVE Hard Assets Producers 31,154 431,060 276.73%
VONE Vanguard Russell 1000 19,145 259,113 270.69%


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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
VIXY ProShares VIX Short-Term 10.79% 4,689,215 245.98
VIIX VelocityShares VIX Short Term ETN 10.77% 7,647,027 28.17
VXX iPath S&P 500 VIX Short-Term Futures ETN 10.77% 381,648,467 1,544.41
STPP iPath U.S. Treasury Steepener ETN 6.21% 18,481 12.76
VIIZ VelocityShares VIX Mid Term ETN 5.00% 234,422 4.78
VXZ iPath S&P 500 VIX Mid-Term Futures ETN 5.00% 3,222,948 62.53
VIXM ProShares VIX Mid-term 5.00% 969,724 71.91
DBJP db X-trackers MSCI Japan Hedged Equity 4.93% 505,260 111.21
DXJ WisdomTree Japan Hedged Equity 4.45% 54,188,361 9,308.72
CORN Teucrium Corn 4.31% 301,329 42.21
Bottom 10 Weekly Performers, Excluding Leverage/Inverse Funds and 'lt;1,000 Shares Traded
Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
GLDX Global X Gold Explorers -18.54% 211,491 25.01
GDXJ Market Vectors Junior Gold Miners -17.26% 17,180,295 1,270.54
SILJ PureFunds ISE Junior Silver (Small Cap Miners/Explorers) -16.04% 31,172 1.48
SIL Global X Silver Miners -15.09% 1,578,962 181.16
GDX Market Vectors Gold Miners -14.31% 129,814,779 5,232.25
RING iShares MSCI Global Gold Miners -13.53% 433,723 26.77
SLVP iShares MSCI Global Silver Miners -13.38% 48,635 3.44
PSAU PowerShares Global Gold and Precious Metals -13.35% 70,696 18.75
GGGG Global X PURE Gold Miners -13.18% 18,453 2.64
JUNR Global X Junior Miners ETF -10.97% 41,577 4.41

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
TAN Guggenheim Solar 47.77 -4.01 102.91
QCLN First Trust NASDAQ Clean Edge Green Energy 44.37 -1.74 54.68
GEX Market Vectors Global Alternative Energy 33.37 -2.54 70.25
IAI iShares Dow Jones U.S. Broker-Dealers 29.39 -1.07 112.81
KWT Market Vectors Solar Energy 28.73 -5.64 14.05
DBJP db X-trackers MSCI Japan Hedged Equity 26.75 4.93 111.21
PBW PowerShares WilderHill Clean Energy 26.35 -2.93 168.54
KBWI PowerShares KBW Insurance 25.59 -2.15 5.39
XPH SPDR S&P Pharmaceuticals 25.14 -2.78 451.05
KBWC PowerShares KBW Capital Markets 24.12 -2.48 8.20

Bottom 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
GLDX Global X Gold Explorers -55.92 -18.54 25.01
GDXJ Market Vectors Junior Gold Miners -51.92 -17.26 1,270.54
SILJ PureFunds ISE Junior Silver (Small Cap Miners/Explorers) -50.50 -16.04 1.48
GGGG Global X PURE Gold Miners -49.62 -13.18 2.64
SIL Global X Silver Miners -48.57 -15.09 181.16
SLVP iShares MSCI Global Silver Miners -47.77 -13.38 3.44
RING iShares MSCI Global Gold Miners -47.34 -13.53 26.77
GDX Market Vectors Gold Miners -47.05 -14.31 5,232.25
PSAU PowerShares Global Gold and Precious Metals -46.14 -13.35 18.75
JUNR Global X Junior Miners ETF -42.53 -10.97 4.41

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: EMB , LQD , TIP

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