Investors made the Health Care Select Sector SPDR Fund
(NYSEArca:XLV) the most popular U.S. ETF in the past week, pouring
$346.4 million into a fund that for now seems to be a lightning rod
for how the U.S. Supreme Court's decision let stand the cornerstone
of Obamacare plays out in financial markets.
The creations amounted to almost 8 percent of XLV's assets,
which totaled $4.75 billion as of Thursday, June 28-the end point
of our five-day "weekly" survey. Overall, net outflows were about
$1 billion and total U.S.-listed ETF assets fell to about $1.154
trillion from $1.158 trillion seven days earlier, according to data
compiled by IndexUniverse.
The Dow Jones industrial average rose less than 30 points on the
week to close at 12,602.26, though the Nasdaq dipped about a third
of a percent to end the five-day period at 2,849.49.
Stocks have been volatile all week on continuing anxiety
surrounding the eurozone, which dampened the effects of the High
Court's historic decision to preserve much of President Obama's
landmark 2010 health care bill, the implications of which still
aren't totally clear. XLV's price ended on June 28 down 0.5
percent-a bit more in the red than the Dow, which ended 0.2 percent
lower.
It's worth noting that our weekly flows survey didn't capture
the effects of the Dow's 278-point, 2.2 percent rally on Friday,
June 29 that was related to optimism that European policymakers are
making progress at a two-day summit in finding new ways to bring
the continent's debt crisis under control.
BOND And Other Bond ETFs
Among other noteworthy creations was the more than $200 million
that Bill Gross' Pimco Total Return ETF (NYSEArca:BOND) hauled in
last week, a reflection both of investors' nervousness about the
macro situation and of BOND's obvious allure.
Those inflows into BOND amounted to more than 13 percent of the
fund's assets, and demonstrate that it won't be before long the
$1.72 billion fund will cross the $2 billion barrier.
A few other bond funds that pulled in assets in the past week
are the iShares iBoxx $ Investment Grade Corporate Bond Fund
(NYSEArca:LQD) and the iShares iBoxx $ High Yield Corporate Bond
Fund (NYSEArca:HYG), which gathered $233.8 million and $116.4
million, respectively.
Redemptions
The top three funds in terms of outflows were funds that canvass
broad sectors of the U.S. equities universe, which, in the
aggregate, suffered outflows of $2.37 billion in the five-day
period.
Those funds and their redemptions are as follows:
- SPDR S&P 500 ETF (NYSEArca:SPY), $1.83 billion
- PowerShares QQQ Trust (NasdaqGM:QQQ), $473.0 million
- SPDR Dow Jones Industrial Average Trust (NYSEArca:DIA),
$302.8 million
Also worth mentioning was the $283.1 million that flowed out of
the PowerShares S&P 500 Low Volatility Portfolio
(NYSEArca:SPLV).
The fund, which was launched in May 2011, has been hovering
around the $2 billion AUM level for a few weeks. It ended the
period with assets of $1.96 billion.
Its redemptions amounted to 12.6 percent of its assets.
Top 10 Creations (All ETFs)
| Ticker |
Name |
Net Flows ($,mm) |
AUM ($, mm) |
AUM % Change |
| XLV |
Health Care Select SPDR |
346.39 |
4,752.26 |
7.86% |
| LQD |
iShares iBoxx $ Investment Grade Corporate Bond |
233.82 |
22,575.09 |
1.05% |
| IVV |
iShares S&P 500 |
213.32 |
28,849.91 |
0.74% |
| VTI |
Vanguard Total Stock Market |
204.06 |
20,927.51 |
0.98% |
| BOND |
PIMCO Total Return |
200.74 |
1,717.13 |
13.24% |
| XLE |
Energy Select SPDR |
189.33 |
6,677.27 |
2.92% |
| DEM |
WisdomTree Emerging Markets Equity Income |
156.19 |
3,610.74 |
4.52% |
| VNQ |
Vanguard REIT |
119.81 |
12,849.96 |
0.94% |
| HYG |
iShares iBoxx $ High Yield Corporate Bond |
116.36 |
14,515.95 |
0.81% |
| XLI |
Industrial Select SPDR |
114.48 |
3,155.95 |
3.76% |
Top 10 Redemptions (All ETFs)
| Ticker |
Name |
Net Flows ($,mm) |
AUM ($, mm) |
AUM % Change |
| SPY |
SPDR S&P 500 |
-1,833.99 |
100,514.42 |
-1.79% |
| QQQ |
PowerShares QQQ |
-472.99 |
31,377.96 |
-1.48% |
| DIA |
SPDR Dow Jones Industrial Average Trust |
-302.76 |
10,708.06 |
-2.75% |
| SPLV |
PowerShares S&P 500 Low Volatility |
-283.07 |
1,964.21 |
-12.60% |
| FXI |
iShares FTSE China 25 |
-254.03 |
4,520.47 |
-5.32% |
| SHY |
iShares Barclays 1-3 Year Treasury Bond |
-219.35 |
10,833.11 |
-1.98% |
| GDX |
Market Vectors Gold Miners |
-210.50 |
8,068.68 |
-2.54% |
| XRT |
SPDR S&P Retail |
-184.62 |
625.14 |
-22.80% |
| IEF |
iShares Barclays 7-10 Year Treasury Bond |
-183.45 |
5,195.71 |
-3.41% |
| XLY |
Consumer Discretionary Select SPDR |
-135.78 |
3,223.29 |
-4.04% |
ETF Weekly Daily Flows By Asset Class
|
|
Net Flows ($, mm) |
AUM ($, mm) |
% of AUM |
|
U.S. Equity
|
-2,372.04 |
527,429.60 |
-0.45% |
|
International Equity
|
-211.57 |
253,538.78 |
-0.08% |
|
U.S. Fixed Income
|
414.75 |
211,367.03 |
0.20% |
|
International Fixed Income
|
350.55 |
16,950.73 |
2.07% |
|
Commodities
|
149.27 |
103,580.12 |
0.14% |
|
Currency
|
-19.11 |
2,919.14 |
-0.65% |
|
Leveraged
|
305.93 |
12,409.54 |
2.47% |
|
Inverse
|
276.89 |
19,733.42 |
1.40% |
|
Asset Allocation
|
-14.47 |
1,854.16 |
-0.78% |
|
Alternatives
|
112.10 |
4,164.46 |
2.69% |
|
Total:
|
-1,007.68
|
1,153,946.97
|
-0.09%
|
Top 10 Volume Surprises, Funds 'gt;$50 mm AUM
| Ticker |
Name |
Average Volume
(30 Day) |
1 Week Average
Volume |
% of Average |
| FFR |
First Trust FTSE EPRA/NAREIT Developed Markets Real
Estate |
32,101 |
716,820 |
446.60% |
| GLJ |
iShares 10+ Year Government/Credit Bond |
95,343 |
1,774,466 |
372.23% |
| WDTI |
WisdomTree Managed Futures Strategy Fund |
75,969 |
1,354,882 |
356.69% |
| AOK |
iShares S&P Conservative Allocation |
59,838 |
1,040,748 |
347.86% |
| ALT |
iShares Diversified Alternatives |
15,909 |
244,597 |
307.49% |
| KOL |
Market Vectors Coal |
328,900 |
5,031,735 |
305.97% |
| VTWO |
Vanguard Russell 2000 |
21,422 |
324,510 |
302.97% |
| EUSA |
iShares MSCI USA |
24,861 |
371,881 |
299.17% |
| UCI |
ETRACS CMCI Total Return ETN |
40,618 |
587,179 |
289.12% |
| CORN |
Teucrium Corn |
60,020 |
826,086 |
275.27% |
Top 10 Weekly Performers, Excluding Leverage/Inverse
Funds and 'lt;1,000 Shares Traded
| Ticker |
Name |
Weekly Performance |
Weekly Volume |
AUM ($, mm) |
| GRN |
iPath Global Carbon ETN |
27.80% |
2,109 |
1.40 |
| EGPT |
Market Vectors Egypt |
18.17% |
123,468 |
40.69 |
| CORN |
Teucrium Corn |
10.70% |
826,086 |
59.73 |
| WEAT |
Teucrium Wheat |
9.40% |
46,368 |
2.83 |
| GRU |
ELEMENTS MLCX Grains - Total Return ETN |
9.19% |
180,577 |
14.81 |
| JJG |
iPath Dow Jones UBS Grains Total Return ETN |
8.59% |
485,535 |
160.86 |
| FCG |
First Trust ISE-Revere Natural Gas |
8.05% |
4,099,888 |
379.92 |
| AGF |
PowerShares DB Agriculture Long ETN |
7.62% |
11,297 |
11.25 |
| ITB |
iShares Dow Jones U.S. Home Construction |
7.17% |
15,138,235 |
765.70 |
| XOP |
SPDR S&P Oil & Gas Exploration &
Production |
7.03% |
28,506,900 |
772.46 |
Bottom 10 Weekly Performers, Excluding Leverage/Inverse
Funds and 'lt;1,000 Shares Traded
| Ticker |
Name |
Weekly Performance |
Weekly Volume |
AUM ($, mm) |
| TSXV |
Global X S&P/TSX Venture 30 Canada |
-11.96% |
18,322 |
1.65 |
| GAZ |
iPath Dow Jones-UBS Natural Gas Total Return ETN |
-10.86% |
587,613 |
36.59 |
| VIIX |
VelocityShares VIX Short Term ETN |
-8.16% |
4,012,155 |
73.77 |
| VXX |
iPath S&P 500 VIX Short-Term Futures ETN |
-8.14% |
216,756,531 |
1,755.22 |
| VIXY |
ProShares VIX Short-Term |
-8.08% |
4,014,117 |
146.97 |
| GWO |
ELEMENTS Credit Suisse Global Warming ETN |
-7.84% |
2,202 |
2.63 |
| GLDX |
Global X Gold Explorers |
-7.19% |
304,481 |
26.68 |
| PALL |
ETFS Physical Palladium |
-7.17% |
696,974 |
476.70 |
| PICK |
iShares MSCI Global Select Metals & Mining
Producers |
-7.09% |
6,565 |
3.78 |
| EWCS |
iShares MSCI Canada Small Cap |
-6.96% |
2,448 |
4.17 |
Top 10 YTD Performers
| Ticker |
Name |
YTD Performance |
Weekly Performance |
AUM ($, mm) |
| XIV |
VelocityShares Daily Inverse VIX Short Term ETN |
61.75 |
7.78 |
242.46 |
| SVXY |
ProShares Short VIX Short-Term Futures |
60.94 |
8.09 |
21.09 |
| AAVX |
ETRACS Daily Short 1-Month S&P 500 VIX Futures
ETN |
55.62 |
5.36 |
13.49 |
| SCO |
ProShares UltraShort DJ-UBS Crude Oil |
52.70 |
-1.10 |
82.87 |
| DTO |
PowerShares DB Crude Oil Double Short ETN |
43.99 |
-0.35 |
59.64 |
| BIB |
ProShares Ultra NASDAQ Biotech |
41.36 |
-1.24 |
25.00 |
| RETL |
Direxion Daily Retail Bull 3X Shares |
39.94 |
-4.61 |
8.47 |
| IVOP |
iPath Inverse January 2021 S&P 500 VIX Short-Term
Futures ETN |
38.52 |
5.03 |
3.19 |
| BDCL |
ETRACS 2X Leveraged Long Wells Fargo Business Development
Company ETN |
36.45 |
2.52 |
44.66 |
| ITB |
iShares Dow Jones U.S. Home Construction |
36.21 |
7.17 |
765.70 |
Bottom 10 YTD Performers
| Ticker |
Name |
YTD Performance |
Weekly Performance |
AUM ($, mm) |
| UVXY |
ProShares Ultra VIX Short-Term Futures |
-84.43 |
-15.41 |
302.73 |
| TVIX |
VelocityShares Daily 2X VIX Short Term ETN |
-82.85 |
-14.77 |
378.40 |
| CVOL |
C-Tracks Exchange-Traded Notes on the Citi
Volatility |
-59.95 |
-6.57 |
8.54 |
| BOIL |
ProShares Ultra DJ-UBS Natural Gas |
-56.57 |
10.03 |
60.51 |
| VIXY |
ProShares VIX Short-Term |
-54.34 |
-8.08 |
146.97 |
| VXX |
iPath S&P 500 VIX Short-Term Futures ETN |
-54.24 |
-8.14 |
1,755.22 |
| VIIX |
VelocityShares VIX Short Term ETN |
-54.19 |
-8.16 |
73.77 |
| FOL |
FactorShares 2X:Oil Bull/S&P 500 Bear |
-53.53 |
-1.48 |
1.00 |
| VXAA |
ETRACS 1-Month S&P 500 VIX Futures ETN |
-52.93 |
-0.30 |
4.04 |
| NUGT |
Direxion Daily Gold Miners Bull 3X |
-49.16 |
-9.87 |
199.50 |
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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