Weekly ETF Flows: Into 'CIU'; Out Of 'GLD'

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Investors continued to show signs that they were growing more comfortable with diminished interest-rate risks in what is starting to look like a truly extended period of financial repression, with a conspicuous creation in the intermediate part of the corporate credit curve.

Overall, equity-heavy net inflows of $13.55 billion helped lift total U.S.-listed ETF assets to more than $1.520 trillion in the week ended Thursday, May 9-just shy of a record $1.524 trillion and 2.3 percent above the prior week's asset level, according to data compiled by IndexUniverse.

The iShares Barclays Intermediate Credit Bond Fund (NYSEArca:CIU), an investment-grade corporate bond ETF with a weighted average maturity of 4.89 years, hauled in $645.6 million, lifting total assets in the ETF to $6.12 billion.


The inflows are suggestive of the same sentiment that led investors to move out on the yield curve in search of extra yields last week with two intermediate-term funds focused on U.S. Treasurys. Market sources were fairly consistent in interpreting those creations that pockets of the bond market are beginning to believe that the Federal Reserve will keep rates pinned down for a long time.

On the flip side, the SPDR Gold Shares (NYSEArca:GLD) bled $700 million, bringing month-to-date outflows to $1.5 billion.

GLD has bled more than $14.5 billion in assets this year, the consequence of growing views that even as the Federal Reserve keeps in place its five-year post-crash project to hold down borrowing rates and weaken the dollar, the world's biggest economy is slowly climbing out of the doldrums, which has quelled the anxiety that has fueled gold's rally.

Top 10 Creations (All ETFs )

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 5,010.16 138,003.64 3.77%
QQQ PowerShares QQQ 894.47 34,642.23 2.65%
CIU iShares Barclays Intermediate Credit Bond 645.55 6,124.25 11.78%
LQD iShares iBoxx $ Investment Grade Corporate Bond 568.39 24,159.30 2.41%
EFA iShares MSCI EAFE 563.22 43,367.94 1.32%
XLF Financial Select SPDR 550.67 12,449.42 4.63%
EWJ iShares MSCI Japan 480.81 11,136.00 4.51%
IVV iShares Core S&P 500 457.79 42,810.84 1.08%
XLI Industrial Select SPDR 422.53 4,943.43 9.35%
XOP SPDR S&P Oil & Gas Exploration & Production 417.21 1,050.88 65.84%


Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
XLV Health Care Select SPDR -1,169.70 6,782.93 -14.71%
GLD SPDR Gold -706.83 49,641.01 -1.40%
XLP Consumer Staples Select SPDR -464.46 6,946.58 -6.27%
IYR iShares Dow Jones U.S. Real Estate -421.33 5,613.78 -6.98%
USMV iShares MSCI USA Minimum Volatility -162.14 3,515.38 -4.41%
XLU Utilities Select SPDR -149.95 6,062.07 -2.41%
SPLV PowerShares S&P 500 Low Volatility -138.55 5,300.05 -2.55%
UWM ProShares Ultra Russell 2000 -133.60 167.81 -44.33%
TIP iShares Barclays TIPS Bond -132.71 20,038.28 -0.66%
JNK SPDR Barclays High Yield Bond -83.51 11,720.13 -0.71%


ETF Weekly Daily Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 8,164.86 743,650.68 1.10%
International Equity 2,953.69 370,675.92 0.80%
U.S. Fixed Income 2,605.84 244,948.53 1.06%
International Fixed Income 171.01 29,025.49 0.59%
Commodities -814.89 89,458.40 -0.91%
Currency -36.76 2,631.61 -1.40%
Leveraged 69.38 13,758.55 0.50%
Inverse 187.77 19,241.79 0.98%
Asset Allocation 76.52 3,533.84 2.17%
Alternatives 168.31 3,469.05 4.85%
Total: 13,545.73 1,520,393.86 0.89%


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

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
FDM First Trust Dow Jones Select Micro Cap 66,099 1,832,557 554.49%
GSY Guggenheim Enhanced Short Duration Bond 88,810 1,968,156 443.23%
USL United States 12 Month Oil 30,553 586,783 384.10%
ASEA Global X FTSE ASEAN 40 55,499 955,554 344.35%
RYT Guggenheim S&P Equal Weight Technology 30,312 477,876 315.31%
IWL iShares Russell Top 200 11,018 171,579 311.44%
GMM SPDR S&P Emerging Markets 26,924 383,044 284.53%
INXX EGShares India Infrastructure 15,362 203,912 265.47%
ZROZ PIMCO 25+ Year Zero Coupon U.S. Treasury 18,367 238,393 259.58%
PKW PowerShares Buyback Achievers 197,787 2,380,837 240.75%


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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
REMX Market Vectors Rare Earth/Strategic Metals 10.11% 885,660 136.57
CPER United States Copper 8.78% 39,912 2.31
JJN iPath Dow Jones-UBS Nickel Total Return ETN 8.59% 6,067 5.90
GREK Global X FTSE Greece 20 8.04% 637,193 31.70
URA Global X Uranium 7.85% 1,116,163 126.95
JJC iPath Dow Jones-UBS Copper Total Return ETN 7.52% 414,607 107.23
EIPO ETRACS Next Generation Internet ETN 7.30% 2,050 6.82
VNM Market Vectors Vietnam 6.54% 1,759,548 446.77
JO iPath Dow Jones-UBS Coffee Total Return ETN 6.45% 308,172 109.46
CHII Global X China Industrials 5.98% 70,212 4.74
Bottom 10 Weekly Performers, Excluding Leverage/Inverse Funds and 'lt;1,000 Shares Traded
Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
NAGS Teucrium Natural Gas -7.44% 11,748 3.77
CVOL C-Tracks Citi Volatility ETN -7.24% 39,253 1.67
AGF PowerShares DB Agriculture Long ETN -5.37% 11,053 4.10
ZROZ PIMCO 25+ Year Zero Coupon U.S. Treasury -5.23% 238,393 87.81
EDV Vanguard Extended Duration Treasury -4.78% 184,569 193.58
AMPS iShares Utilities Sector Bond -3.25% 46,601 10.34
NIB iPath Dow Jones-UBS Cocoa Total Return ETN -3.22% 59,459 36.01
LTPZ PIMCO 15+ Year U.S. TIPS -3.22% 145,911 186.87
CORN Teucrium Corn -3.13% 362,636 35.79
TLT iShares Barclays 20+ Year Treasury Bond -3.08% 34,716,149 4,014.68

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
DBJP db X-trackers MSCI Japan Hedged Equity 37.99 3.98 70.62
QCLN First Trust NASDAQ Clean Edge Green Energy 37.27 5.81 36.28
IDXJ Market Vectors Indonesia Small Cap 33.93 0.84 10.63
DXJ WisdomTree Japan Hedged Equity 33.41 4.13 8,233.02
BBH Market Vectors Biotech 32.04 0.34 300.43
TAN Guggenheim Solar 29.28 -0.83 73.07
KBWI PowerShares KBW Insurance 27.70 4.25 2.71
GEX Market Vectors Global Alternative Energy 27.63 4.53 60.01
IBB iShares NASDAQ Biotechnology 27.45 0.52 3,157.31
AMJ JPMorgan Alerian MLP ETN 26.50 3.07 5,865.81

Bottom 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
CVOL C-Tracks Citi Volatility ETN -62.49 -7.24 1.67
GLDX Global X Gold Explorers -45.77 -1.24 28.98
VXX iPath S&P 500 VIX Short-Term Futures ETN -41.40 -2.45 1,325.00
VIIX VelocityShares VIX Short Term ETN -41.37 -2.23 18.52
VIXY ProShares VIX Short-Term -40.80 -2.33 204.83
GDXJ Market Vectors Junior Gold Miners -38.76 -2.18 1,614.67
SIL Global X Silver Miners -36.11 -1.70 222.58
SILJ PureFunds ISE Junior Silver (Small Cap Miners/Explorers) -36.02 -3.09 1.92
GDX Market Vectors Gold Miners -35.65 0.74 5,965.05
SLVP iShares MSCI Global Silver Miners -35.32 -2.64 4.25

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: CIU , GLD

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