Weekly ETF Flows: SPY Bleeds $2.74B

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Investors yanked $2.74 billion from the SPDR S&P 500 (NYSEArca:SPY, or roughly 1.8 percent of its total assets, in the past week ended Thursday, July 25, even as the S&P 500 ticked higher.

The broad benchmark of U.S. large cap equities ended Thursday at 1,690.25, or just 0.05 percent higher than its closing a week earlier, and roughly five points below the mid-week record closing of 1,695.53.

It seems many investors remain reluctant to fully embrace the upward momentum in U.S. stocks due to what is still tepid U.S. growth at best, corporate earnings reports that, in many cases, are failing to impress, and ongoing concerns about what a brewing Chinese economic crisis could do to the global economy. There's a lot of news for investors to digest.

That plethora of good and bad is partly to explain why a look at weekly flows shows a lack of unanimous sentiment among ETF investors-short bond funds were both top net gainers and net losers, some sector ETFs such as those tapping into financials and healthcare did well in the asset gathering game, while other such as home builders did poorly, and so on.

The SPDR Gold Trust (NYSEArca:GLD) was again among the week's top redemptions, losing a net of $330 million in five days. The fund, once a $75 billion ETF, now has only $39 billion in total assets-a far cry from its heyday totals that speak to investors growing willingness to take more risk, albeit measured.

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
XLF Financial Select SPDR 548.00 17,073.42 3.32%
IEF iShares 7-10 Year Treasury Bond 479.43 4,752.19 11.22%
DXJ WisdomTree Japan Hedged Equity 369.46 11,671.65 3.27%
HYG iShares iBoxx $ High Yield Corporate Bond 354.17 15,392.93 2.36%
IYH iShares U.S. Healthcare 348.14 1,403.93 32.97%
MDY SPDR S&P MidCap 400 344.62 14,347.45 2.46%
EEM iShares MSCI Emerging Markets 340.97 36,159.10 0.95%
EZU iShares MSCI EMU 258.48 2,375.24 12.21%
VTI Vanguard Total Stock Market 235.98 33,404.07 0.71%
VXX iPath S&P 500 VIX Short-Term Futures ETN 232.07 1,401.68 19.84%


Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 -2,745.43 151,588.58 -1.78%
QQQ PowerShares QQQ -622.74 36,821.25 -1.66%
USMV iShares MSCI USA Minimum Volatility -592.26 2,336.19 -20.22%
GLD SPDR Gold -330.86 39,521.94 -0.83%
EMB iShares J.P. Morgan USD Emerging Markets Bond -222.28 4,198.62 -5.03%
ACWI iShares MSCI ACWI -158.19 4,081.30 -3.73%
ITB iShares U.S. Home Construction -147.56 1,858.21 -7.36%
TIP iShares TIPS Bond -146.46 15,402.94 -0.94%
SHV iShares Short Treasury Bond -143.31 4,894.66 -2.84%
XLY Consumer Discretionary Select SPDR -139.99 7047.13 -0.02%


ETF Weekly Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -422.89 811,863.51 -0.05%
International Equity 2,002.73 344,038.21 0.58%
U.S. Fixed Income 942.08 220,687.53 0.43%
International Fixed Income -236.41 25,788.56 -0.92%
Commodities -363.14 75,673.92 -0.48%
Currency -20.74 2,185.35 -0.95%
Leveraged -141.90 16,235.99 -0.87%
Inverse -4.41 20,126.76 -0.02%
Asset Allocation 30.87 3,676.15 0.84%
Alternatives 263.00 3,449.76 7.62%
Total: 2,049.19 1,523,725.73 0.13%


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

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
MLN Market Vectors Long Municipal 85,949 17,342,694 4,035.59%
DVYE iShares Emerging Markets Dividend 31,627 1,752,545 1,108.27%
TOK iShares MSCI Kokusai 100,328 2,592,347 516.77%
PSJ PowerShares Dynamic Software 6,449 155,590 482.49%
HEDJ WisdomTree Europe Hedged Equity 165,283 3,452,879 417.82%
FEM First Trust Emerging Markets AlphaDex 152,194 2,700,182 354.83%
FLRN SPDR Barclays Investment Grade Floating Rate 94,293 1,647,807 349.51%
IYH iShares U.S. Healthcare 219,394 3,753,205 342.14%
TDTF FlexShares iBoxx 5-Year Target Duration TIPS 55,396 767,722 277.18%
EZU iShares MSCI EMU 2,216,765 26,613,632 240.11%


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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
GDXJ Market Vectors Junior Gold Miners 11.51% 6,071,794 1,378.23
GGGG Global X PURE Gold Miners 11.08% 51,652 3.55
SILJ PureFunds ISE Junior Silver (Small Cap Miners/Explorers) 10.88% 2,825 1.73
GLDX Global X Gold Explorers 10.59% 306,799 31.72
GDX Market Vectors Gold Miners 9.74% 182,791,417 6,826.78
SIL Global X Silver Miners 9.33% 1,197,642 212.98
RING iShares MSCI Global Gold Miners 9.21% 327,803 35.30
PSAU PowerShares Global Gold and Precious Metals 9.01% 224,236 20.92
SLVP iShares MSCI Global Silver Miners 8.63% 39,277 5.14
FAN First Trust ISE Global Wind Energy 7.84% 1,639,242 35.26
Bottom 10 Weekly Performers, Excluding Leverage/Inverse Funds and 'lt;1,000 Shares Traded
Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
VIXY ProShares VIX Short-Term -6.25% 2,365,643 171.54
VXX iPath S&P 500 VIX Short-Term Futures ETN -6.22% 35,437,394 1,401.68
VIIX VelocityShares VIX Short Term ETN -6.22% 2,845,285 21.70
GAZ iPath Dow Jones-UBS Natural Gas Total Return ETN -5.63% 107,220 35.57
ITB iShares U.S. Home Construction -5.50% 32,814,540 1,858.21
JJG iPath Dow Jones UBS Grains Total Return ETN -4.94% 167,881 101.93
IDXJ Market Vectors Indonesia Small Cap -4.74% 117,313 6.53
TUR iShares MSCI Turkey -4.34% 1,167,717 666.88
UNG United States Natural Gas -4.30% 25,457,472 1,462.19
CORN Teucrium Corn -3.93% 431,607 37.48

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
TAN Guggenheim Solar 79.02 0.72 178.01
QCLN First Trust NASDAQ Clean Edge Green Energy 64.13 0.79 61.96
GEX Market Vectors Global Alternative Energy 49.99 2.19 81.32
KWT Market Vectors Solar Energy 49.87 0.83 16.36
BBH Market Vectors Biotech 46.69 2.22 364.89
PBW PowerShares WilderHill Clean Energy 45.59 0.43 203.50
PBE PowerShares Dynamic Biotech & Genome 43.71 1.79 190.53
IBB iShares Nasdaq Biotechnology 42.64 1.84 3,685.36
DBJP db X-trackers MSCI Japan Hedged Equity 39.93 -1.52 148.81
FAN First Trust ISE Global Wind Energy 38.65 7.84 35.26

Bottom 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
VXX iPath S&P 500 VIX Short-Term Futures ETN -50.43 -6.22 1,401.68
VIIX VelocityShares VIX Short Term ETN -50.43 -6.22 21.70
VIXY ProShares VIX Short-Term -50.15 -6.25 171.54
GLDX Global X Gold Explorers -48.13 10.59 31.72
GDXJ Market Vectors Junior Gold Miners -46.39 11.51 1,378.23
GGGG Global X PURE Gold Miners -43.45 11.08 3.55
SILJ PureFunds ISE Junior Silver (Small Cap Miners/Explorers) -42.34 10.88 1.73
RING iShares MSCI Global Gold Miners -41.95 9.21 35.30
GDX Market Vectors Gold Miners -41.23 9.74 6,826.78
SLVP iShares MSCI Global Silver Miners -41.16 8.63 5.14

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: GLD

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