Investors poured more than $1.4 billion into fixed income
exchange-traded funds in the past week, as they flocked to the
safety of bonds, while equities markets struggled with heightened
concerns over the stability of the debt-laden eurozone,
particularly as it relates to Greece and Spain.
Funds like Vanguard Total Bond Market ETF (NYSEArca:BND) and the
iShares Barclays 20+ Year Treasury Bond Fund (NYSEArca:TLT) were
among the most popular funds this week. Flows into each ETF
amounted to 4 percent and 6.5 percent, respectively, of their
assets at the start of the five-trading-day period. Flows were
measured through the week ended on Thursday, May 24.
That's not to say that investors shunned equities. On the
contrary, U.S. equities ETFs reeled in a net of $795 million in new
assets in the past week, with funds like the SPDR S&P 500 ETF
(NYSEArca:SPY) leading the charge with inflows of $1.76 billion.
Investors, did, however, get out of international equities to the
tune of $389 million.
All in all, taking into account market action, total U.S.-listed
ETF assets inched higher to $1.135 trillion, barely higher than a
week earlier.
Among the largest redemptions in the week was the Energy Select
SPDR Fund (NYSEArca:XLE). It had outflows of more than $1.14
billion, which amounted to almost 18 percent of its assets at the
start of the five-day period. The iShares S&P SmallCap 600
Value ETF (NYSEArca:IJS) lost $365 million to redemptions, also
almost 18 percent of its assets as of the start of the week.
Even gold, often thought as a safe haven in times of economic
uncertainty, wasn't spared in a week marked by a flock to fixed
income. The SPDR Gold Shares (NYSEArca:GLD), the world's largest
physical gold ETF, was the third-least-popular fund in the past
week, shedding $433 million, or 0.67 percent of its total assets at
the start of the week.
All told, investors yanked more than $752 million out of
commodities ETFs.
Top 10 Creations (All ETFs)
| Ticker |
Name |
Net Flows ($,mm) |
AUM ($, mm) |
AUM % Change |
| SPY |
SPDR S&P 500 |
1,764.91 |
95,812.29 |
1.88% |
| BND |
Vanguard Total Bond Market |
646.86 |
16,816.30 |
4.00% |
| XLF |
Financial Select SPDR |
645.53 |
5,681.98 |
12.82% |
| XLI |
Industrial Select SPDR |
346.62 |
3,212.92 |
12.09% |
| IYR |
iShares Dow Jones U.S. Real Estate |
316.47 |
3,954.21 |
8.70% |
| TLT |
iShares Barclays 20+ Year Treasury Bond |
220.24 |
3,620.02 |
6.48% |
| OIH |
Market Vectors Oil Services |
180.97 |
1,225.81 |
17.32% |
| XLY |
Consumer Discretionary Select SPDR |
178.90 |
3,302.51 |
5.73% |
| XLB |
Materials Select SPDR |
173.77 |
1,967.15 |
9.69% |
| SHY |
iShares Barclays 1-3 Year Treasury Bond |
160.31 |
11,416.61 |
1.42% |
Top 10 Redemptions (All ETFs)
| Ticker |
Name |
Net Flows ($,mm) |
AUM ($, mm) |
AUM % Change |
| XLE |
Energy Select SPDR |
-1,143.14 |
5,290.58 |
-17.77% |
| JNK |
SPDR Barclays Capital High Yield Bond |
-484.67 |
10,482.35 |
-4.42% |
| GLD |
SPDR Gold |
-433.07 |
64,040.56 |
-0.67% |
| QQQ |
PowerShares QQQ |
-423.05 |
30,304.77 |
-1.38% |
| IJS |
iShares S&P SmallCap 600 Value |
-365.13 |
1,704.69 |
-17.64% |
| IWM |
iShares Russell 2000 |
-340.01 |
13,699.66 |
-2.42% |
| VXX |
iPath S&P 500 VIX Short-Term Futures ETN |
-323.64 |
1,794.30 |
-15.28% |
| HYG |
iShares iBoxx $ High Yield Corporate Bond |
-256.15 |
14,195.42 |
-1.77% |
| SDS |
ProShares UltraShort S&P 500 |
-159.85 |
1,890.28 |
-7.80% |
| VGK |
Vanguard European |
-158.78 |
2,058.63 |
-7.16% |
ETF Weekly Daily Flows By Asset Class
|
|
Net Flows ($, mm) |
AUM ($, mm) |
% of AUM |
|
U.S. Equity
|
795.97 |
516,591.28 |
0.15% |
|
International Equity
|
-388.96 |
252,963.31 |
-0.15% |
|
U.S. Fixed Income
|
1,423.86 |
203,797.27 |
0.70% |
|
International Fixed Income
|
27.40 |
16,232.36 |
0.17% |
|
Commodities
|
-752.77 |
104,187.04 |
-0.72% |
|
Currency
|
19.14 |
3,162.74 |
0.61% |
|
Leveraged
|
339.59 |
12,388.22 |
2.74% |
|
Inverse
|
-682.02 |
19,615.62 |
-3.48% |
|
Asset Allocation
|
-1.44 |
1,862.11 |
-0.08% |
|
Alternatives
|
-353.70 |
4,214.80 |
-8.39% |
|
Total:
|
427.06
|
1,135,014.74
|
0.04%
|
Top 10 Volume Surprises, Funds 'gt;$50 mm AUM
| Ticker |
Name |
Average Volume
(30 Day) |
1 Week Average
Volume |
% of Average |
| IJS |
iShares S&P SmallCap 600 Value |
484,491 |
9,102,283 |
375.75% |
| GRES |
IQ Global Resources |
19,899 |
321,514 |
323.15% |
| DJCI |
ETRACS DJ-Commodity Total Return ETN |
10,881 |
162,435 |
298.56% |
| IGOV |
iShares S&P/Citigroup International Treasury
Bond |
27,245 |
386,435 |
283.68% |
| MLPN |
Credit Suisse Cushing 30 MLP ETN |
107,386 |
1,490,710 |
277.64% |
| SPHB |
PowerShares S&P 500 High Beta |
81,606 |
1,131,829 |
277.39% |
| LVOL |
Russell 1000 Low Volatility |
14,976 |
205,658 |
274.65% |
| JSC |
SPDR Russell/Nomura Small Cap Japan |
5,081 |
68,658 |
270.26% |
| USL |
United States 12 Month Oil |
47,002 |
629,741 |
267.96% |
| SPYG |
SPDR 500 Growth |
12,169 |
160,805 |
264.29% |
Top 10 Weekly Performers, Excluding Leverage/Inverse
Funds and 'lt;1,000 Shares Traded
| Ticker |
Name |
Weekly Performance |
Weekly Volume |
AUM ($, mm) |
| GLDX |
Global X Gold Explorers |
8.38% |
450,263 |
27.79 |
| GDX |
Market Vectors Gold Miners |
7.96% |
109,365,815 |
8,313.07 |
| UBC |
ETRACS CMCI Livestock Total Return ETN |
7.56% |
1,150 |
4.78 |
| GGGG |
Global X PURE Gold Miners |
7.22% |
18,304 |
4.08 |
| TSXV |
Global X S&P/TSX Venture 30 Canada |
6.42% |
14,449 |
2.32 |
| ITB |
iShares Dow Jones U.S. Home Construction |
6.07% |
15,798,155 |
677.20 |
| CHIM |
Global X China Materials |
6.02% |
7,428 |
2.21 |
| SIL |
Global X Silver Miners |
5.51% |
1,545,983 |
278.46 |
| FAA |
Guggenheim Airline |
5.43% |
58,079 |
14.91 |
| RING |
iShares MSCI Global Gold Miners |
5.14% |
87,893 |
29.16 |
Bottom 10 Weekly Performers, Excluding Leverage/Inverse
Funds and 'lt;1,000 Shares Traded
| Ticker |
Name |
Weekly Performance |
Weekly Volume |
AUM ($, mm) |
| GAZ |
iPath Dow Jones-UBS Natural Gas Total Return ETN |
-13.28% |
1,382,082 |
38.35 |
| SSDD |
ETRACS ISE SSD ETN |
-9.03% |
3,688 |
10.55 |
| DPU |
PowerShares DB Commodity Long ETN |
-8.72% |
11,692 |
5.66 |
| BRAF |
Global X Brazil Financials |
-8.09% |
13,293 |
3.50 |
| EWAS |
iShares MSCI Australia Small Cap |
-8.00% |
1,590 |
2.18 |
| JO |
iPath Dow Jones-UBS Coffee Total Return ETN |
-8.00% |
100,573 |
27.43 |
| BDG |
PowerShares DB Base Metals Long ETN |
-7.91% |
1,094 |
1.37 |
| GERJ |
Market Vectors Germany Small-Cap |
-7.68% |
1,595 |
4.73 |
| FKU |
First Trust United Kingdom AlphaDEX |
-6.98% |
2,370 |
4.23 |
| VGEM |
EGShares Consumer Services GEMS |
-6.89% |
7,255 |
0.92 |
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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