Markets

ETF Fund Flows: SPY Bleed $3 Billion

Investors pulled about $3 billion out of the SPDR S&P 500 ETF (NYSEArca:SPY) on Monday, but stocks rose amid rising appetite for riskier stocks, helping total assets in U.S.-listed exchange-traded products.

Indeed, SPY was the single biggest contributor to net outflows of $3.56 billion, but, helped by rising stocks, total U.S. ETP assets grew to $1.046 trillion, according to data compiled by IndexUniverse. The Dow Jones industrial average climbed 178.01 points, or 1.5 percent, to 12,036.53.

Among other noteworthy redemptions yesterday included the $488.8 million that came out of the SPDR Gold Shares (NYSEArca:GLD), though rising gold prices kept assets in the world's second-biggest ETF after SPY at just shy of $56 billion.

The SPDR S&P Retail ETF (NYSEArca:XRT) also had sizable redemptions, of $236.7 million, or 44 percent of the fund. The heavily traded and shorted ETF ended Monday's trading session with assets of $307.4 million.

Creations

The small-cap iShares Russell 2000 Index Fund (NYSEArca:IWM) meanwhile topped IndexUniverse's inflows list, with creations of $325 million. IWM now has $15.14 billion in assets.

The iShares MSCI Japan Index Fund (NYSEArca:EWJ) gathered another $115.3 million, as investors looked to buy Japanese assets on the cheap in the wake of the calamitous earthquake and tsunami there 11 days ago that badly damaged a nuclear power plant, causing it to leak dangerous amounts of radiation.

A fresh $1.26 rise in crude oil prices to $102.33 a barrel following the beginning of U.S.-led military action against Libya also spurred activity in energy-related ETFs.

The SPDR S&P Oil & Gas Exploration & Production ETF (NYSEArca:XOP) gathered $77.2 million in new assets, while the Energy Select SPDR ETF (NYSEArca:XLE) suffered redemptions of $314.7 million.

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
IWM iShares Russell 2000 325.21 15,138.64 2%
XLF Financial Select SPDR 308.98 8,206.82 4%
IYR iShares Dow Jones U.S. Real Estate 132.67 3,163.55 4%
EWJ iShares MSCI Japan 115.33 6,852.85 2%
XME SPDR S&P Metals and Mining 77.34 1,364.07 6%
XOP SPDR S&P Oil & Gas Exploration & Production 77.19 1,092.94 8%
FAZ Direxion Daily Financial Bear 3x 69.78 715.51 11%
IJH iShares S&P 400 MidCap 67.31 10,803.01 1%
IVV iShares S&P 500 58.85 26,817.89 0%
IWD iShares Russell 1000 Value 54.18 11,857.74 0%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 -3,055.61 90,070.18 -3%
GLD SPDR Gold -488.80 55,960.24 -1%
XLE Energy Select SPDR -314.69 10,134.09 -3%
DIA SPDR Dow Jones Industrial Average Trust -288.23 8,976.48 -3%
QQQQ PowerShares QQQ -274.81 23,098.18 -1%
XRT SPDR S&P Retail -236.65 307.40 -44%
XLY Consumer Discretionary Select SPDR -206.10 2,171.78 -9%
XLV Health Care Select SPDR -108.00 2,752.11 -4%
YCS ProShares UltraShort Yen -94.27 370.89 -20%
TNA Direxion Daily Small Cap Bull 3x -75.18 751.81 -9%

ETF Daily Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -3,334.19 472,844.56 -0.71%
International Equity 99.44 275,862.37 0.04%
U.S. Fixed Income 116.40 137,536.24 0.08%
International Fixed Income 18.00 8,469.25 0.21%
Commodities -408.10 107,268.99 -0.38%
Currency 28.54 5,188.51 0.55%
Leveraged -69.42 14,323.05 -0.48%
Inverse 31.18 20,462.90 0.15%
Asset Allocation - 567.51 0.00%
Alternatives -44.00 3,945.08 -1.12%
Total: -3,562.14 1,046,468.47 -0.34%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume(30 Day) 1-Day Volume % of Average
DGL PowerShares DB Gold 65,011 635,350 977%
DXJ WisdomTree Japan Total Dividend 324,844 2,570,783 791%
STPZ PIMCO 1-5 Year U.S. TIPS 170,844 1,103,700 646%
GAZ iPath Dow Jones-UBS Natural Gas Sub Total Return ETN 222,648 1,356,575 609%
PZD PowerShares Cleantech Portfolio 16,997 99,641 586%
DFJ WisdomTree Japan SmallCap Dividend 165,540 915,546 553%
EZJ ProShares Ultra MSCI Japan 76,543 393,165 514%
SCHP Schwab U.S. TIPS 67,507 335,833 497%
EFZ ProShares Short MSCI EAFE 87,210 409,067 469%
MDYG S&P MidCap 400 Growth 6,145 27,863 453%

Top 10 1-Day Performers, Excluding Leverage/Inverse Funds and

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
URA Global X Uranium 9.19% 3,221,605 228.82
IVO iPath Inverse January 2021 S&P 500 VIX Short-Term Futures ETN 8.81% 24,363 38.72
SIL Global X Silver Miners 5.33% 827,783 520.11
SKOR IQ South Korea Small Cap 4.79% 13,172 11.81
NLR Market Vectors Uranium + Nuclear Energy 3.99% 314,510 219.35
USV UBS E-TRACS CMCI Silver Total Return ETN 3.96% 7,272 8.14
MES Market Vectors Gulf States 3.89% 120,569 23.00
PKN PowerShares Global Nuclear Energy Portfolio 3.88% 78,470 33.43
NUCL iShares S&P Global Nuclear Energy 3.85% 8,200 17.20
GDXJ Market Vectors Junior Gold Miners 3.58% 2,083,112 2,212.29
Bottom 10 1-Day Performers, Excluding Leverage/Inverse Funds and

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
CVOL C-Tracks Exchange-Traded Notes on the Citi Volatility -14.65% 2,200 18.80
VIXY ProShares VIX Short-Term -7.82% 88,403 23.01
VXX iPath S&P 500 VIX Short-Term Futures ETN -7.60% 21,917,935 1,474.26
VIIX VelocityShares VIX Short Term ETN -6.87% 8,800 7.06
VXZ iPath S&P 500 VIX Mid-Term Futures ETN -5.01% 718,979 605.61
VIXM ProShares VIX Mid-term -4.36% 3,650 6.96
AXID iShares MSCI ACWI ex-US Industrials -3.14% 1,625 6.11
PMNA PowerShares MENA Frontier Countries Portfolio -2.24% 42,775 25.12
DPU PowerShares DB Commodity Long ETN -1.89% 1,500 7.76
INY SPDR Barclays Capital New York Municipal Bond -1.72% 2,000 26.20

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.

Don't forget to check IndexUniverse.com's ETF Data section.

Copyright ® 2011 Index Publications LLC . All Rights Reserved.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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