Weekly ETF Fund Flows: EEM, VWO Bleed

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Emerging market ETFs were some of the least popular strategies in the week ended Thursday, May 30, as investors trimmed their overall exposure to international equities while the U.S. stock market inched higher, albeit slowly.

The iShares MSCI Emerging Markets Index Fund (NYSEArca:EEM) saw the week's biggest redemption, bleeding $1.22 billion, or roughly 2.78 percent of its assets, now totaling $42.86 billion. Its main competitor, the Vanguard FTSE Emerging Markets ETF (NYSEArca:VWO), lost $500 million in the period, bringing its total assets down to $56.12 billion.

These two funds-the behemoths of broad emerging market exposure for U.S. ETF investors-have been on a losing streak much of the year. EEM has already lost a net of $3.6 billion since Jan. 1, while VWO has seen net outflows of nearly $1.3 billion year-to-date.

Another emerging market ETF that got caught among the week's biggest redemptions was the iShares MSCI Brazil Capped Index Fund (NYSEArca:EWZ)-the market's biggest Brazil-focused fund, with $6.4 billion in total assets. EWZ has now seen net outflows of $2.5 billion since the beginning of the year.

In all, investors took some $1.8 billion out of international equities ETFs in the past week ended Thursday, outflows that nearly identically matched the amount of net inflows into U.S. equities ETFs, according to data compiled by IndexUniverse. Still, total U.S.-listed ETF assets dropped to $1.518 trillion.

The asset flows came as the S&P 500 tagged on modest gains of 0.2 percent on the week, which included Monday's Memorial Day holiday, even if it failed to retest last week's record intraday high of 1,687.18. The index closed Thursday at 1,654.41.

Funds like the iShares Russell 2000 Index Fund (NYSEArca:IWM) and the Financial Select SPDR (NYSEArca:XLF) were among the most popular, raking in a net of $801 million and $397 million, respectively, in the past week.

The only international equities ETF that ranked among the week's top creations was the WisdomTree Japan Hedged Equity ETF (NYSEArca:DXJ), which had net inflows of $247 million. As of Thursday, DXJ's total assets had slipped to $9.92 billion.

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
IWM iShares Russell 2000 801.85 21,320.05 3.91%
XLF Financial Select SPDR 397.32 14,133.21 2.89%
USMV iShares MSCI USA Minimum Volatility 260.16 3,941.97 7.07%
DXJ WisdomTree Japan Hedged Equity 247.02 9,929.59 2.55%
XLY Consumer Discretionary Select SPDR 241.87 5,502.81 4.60%
DIA SPDR Dow Jones Industrial Average Trust 206.34 12,533.26 1.67%
XLI Industrial Select SPDR 172.86 5,208.21 3.43%
MINT PIMCO Enhanced Short Maturity Strategy 134.99 2,936.83 4.82%
VTV Vanguard Value 132.46 10,366.76 1.29%
VO Vanguard Mid-Cap 126.09 5,292.72 2.44%


Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
EEM iShares MSCI Emerging Markets -1,224.32 42,867.91 -2.78%
VWO Vanguard FTSE Emerging Markets -500.30 56,127.63 -0.88%
IYR iShares Dow Jones U.S. Real Estate -380.41 5,340.67 -6.65%
IVV iShares Core S&P 500 -367.30 43,189.94 -0.84%
JNK SPDR Barclays High Yield Bond -339.17 10,878.72 -3.02%
HYG iShares iBoxx $ High Yield Corporate Bond -321.16 15,252.30 -2.06%
LQD iShares iBoxx $ Investment Grade Corporate Bond -284.16 22,849.01 -1.23%
XLV Health Care Select SPDR -264.32 7,103.59 -3.59%
GLD SPDR Gold -240.42 46,023.72 -0.52%
EWZ iShares MSCI Brazil Capped -223.94 6,423.98 -3.37%


ETF Weekly Daily Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 1,818.75 760,722.97 0.24%
International Equity -1,802.32 361,685.03 -0.50%
U.S. Fixed Income -965.50 239,700.49 -0.40%
International Fixed Income -115.48 28,030.98 -0.41%
Commodities -424.25 83,591.86 -0.51%
Currency -44.18 2,467.10 -1.79%
Leveraged 151.41 15,962.92 0.95%
Inverse -149.32 19,438.91 -0.77%
Asset Allocation 38.17 3,663.27 1.04%
Alternatives -16.39 3,542.52 -0.46%
Total: -1,509.10 1,518,806.06 -0.10%


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

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
VGLT Vanguard Long-Term Government Bond 59,109 1,077,531 364.59%
FM iShares MSCI Frontier 100 129,212 2,206,262 341.49%
EBND SPDR Barclays Emerging Markets Local Bond 56,766 944,196 332.66%
ISHG iShares S&P/Citigroup 1-3 Year International Treasury Bond 25,404 411,772 324.19%
IWX iShares Russell Top 200 Value 14,079 200,565 284.91%
IGV iShares S&P North American Technology-Software 101,102 1,396,907 276.34%
DSUM PowerShares Chinese Yuan Dim Sum Bond 39,177 522,701 266.84%
EXT WisdomTree Total Earnings 1,789 22,871 255.67%
MUAD iShares 2015 S&P AMT-Free Municipal Series 5,601 63,513 226.79%
QQXT First Trust NASDAQ-100 Ex-Technology 15,779 177,700 225.24%


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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
GRN iPath Global Carbon ETN 13.94% 140,969 0.66
GLDX Global X Gold Explorers 12.60% 154,041 29.55
GDXJ Market Vectors Junior Gold Miners 12.07% 17,128,286 1,611.01
SIL Global X Silver Miners 9.52% 760,643 223.80
TAN Guggenheim Solar 9.00% 1,328,549 111.11
GDX Market Vectors Gold Miners 8.64% 109,886,073 5,801.15
RING iShares MSCI Global Gold Miners 8.26% 281,156 34.64
PSAU PowerShares Global Gold and Precious Metals 7.79% 42,906 22.91
GGGG Global X PURE Gold Miners 6.92% 15,408 3.20
QCLN First Trust NASDAQ Clean Edge Green Energy 6.87% 343,702 46.18
Bottom 10 Weekly Performers, Excluding Leverage/Inverse Funds and 'lt;1,000 Shares Traded
Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
NKY Maxis Nikkei 225 -10.48% 10,171,633 257.47
DBJP db X-trackers MSCI Japan Hedged Equity -10.04% 723,597 115.97
DXJ WisdomTree Japan Hedged Equity -9.88% 40,904,921 9,929.59
FJP First Trust Japan AlphaDex -9.15% 24,178 18.82
JPP SPDR Russell/Nomura PRIME Japan -9.12% 128,477 33.46
FEFN iShares MSCI Far East Financials -9.00% 20,018 8.61
ITF iShares S&P/TOPIX 150 -8.90% 69,004 85.93
GREK Global X FTSE Greece 20 -8.73% 424,088 49.17
EWJ iShares MSCI Japan -8.57% 407,670,575 11,568.26
DFJ WisdomTree Japan SmallCap Dividend -8.54% 452,707 269.85

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
TAN Guggenheim Solar 65.67 9.00 111.11
QCLN First Trust NASDAQ Clean Edge Green Energy 57.85 6.87 46.18
KWT Market Vectors Solar Energy 45.55 6.35 15.60
GEX Market Vectors Global Alternative Energy 44.57 4.86 74.68
IDXJ Market Vectors Indonesia Small Cap 42.19 2.90 11.27
BBH Market Vectors Biotech 37.55 1.11 334.93
PBW PowerShares WilderHill Clean Energy 37.25 3.13 173.01
IBB iShares NASDAQ Biotechnology 33.53 1.24 3,219.02
PBD PowerShares Global Clean Energy 33.30 3.55 75.39
PBE PowerShares Dynamic Biotech & Genome 31.79 1.99 167.06

Bottom 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
CVOL C-Tracks Citi Volatility ETN -63.17 -1.53 1.64
GLDX Global X Gold Explorers -44.47 12.60 29.55
VIIX VelocityShares VIX Short Term ETN -41.84 -0.60 18.63
VXX iPath S&P 500 VIX Short-Term Futures ETN -41.72 -0.50 1,389.98
VIXY ProShares VIX Short-Term -41.27 -0.60 234.94
GRN iPath Global Carbon ETN -39.39 13.94 0.66
SILJ PureFunds ISE Junior Silver (Small Cap Miners/Explorers) -39.15 6.72 1.86
GGGG Global X PURE Gold Miners -38.79 6.92 3.20
GDXJ Market Vectors Junior Gold Miners -37.59 12.07 1,611.01
SIL Global X Silver Miners -35.50 9.52 223.80

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: EEM , EWZ , IWM , VWO , XLF

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