Weekly ETF Flows: SPY Leads, GLD Bleeds
Investors returned to stocks in the week ended Thursday, July 19, pumping more than $5.15 billion of fresh capital into U.S. equities ETFs, as the broad stock market tagged on gains of nearly 3 percent.
The SPDR S&P 500 ETF (NYSEArca:SPY)--the largest U.S. equity ETF in the world with more than $108 billion in assets--was the most popular fund in the past five-day period, attracting $1.78 billion in new assets.
iShares' take on the S&P 500 Index, the iShares S&P 500 Index Fund (NYSEArca:IVV), was also among the most popular ETFs with investors, raking in $403.7 million to push its total assets up to $30.88 billion.
The inflows came as the Dow Jones industrial average climbed some 370 points to close Thursday at 12,943.36, or 2.9 percent higher than a week earlier.
Altogether, $5.99 billion of fresh investor money found its way into the U.S. ETF market, which now has more than $1.204 trillion in assets, the closest it has been to its all-time record of $1.219 trillion in months. The record of almost $1.220 trillion was reached on March 27.
From an asset class perspective, interestingly, commodities bled more than $612 million in assets, but commodities funds were this week's top performing strategies. In fact, IndexUniverse's weekly returns data showed that the top 10 best performing ETPs in the five-day period ended Thursday were either agriculture- or energy-related.
Meanwhile, the SPDR Gold Trust (NYSEArca:GLD), the world's largest physical bullion gold fund with more than $64 billion in assets, led this week's redemptions. Investors took $646.1 million out of the fund as gold prices softened while equities rose.
The iShares Gold Trust (NYSEArca:IAU) also saw redemptions of $92.64 million in the week. The fund now has $9.26 billion in total assets.
Investors plowed another $567 million into U.S. fixed income ETFs, but a pair of iShares near-term Treasury and credit bond funds still ranked among the week's biggest losers. The iShares Barclays 1-3 Year Treasury Bond Fund (NYSEArca:SHY) gave up $346.4 million, or 3.5 percent of its total assets.
Top 10 Creations (All ETFs)
Ticker
Name
Net Flows ($,mm)
AUM ($, mm)
AUM % Change
SPY
SPDR S&P 500
1,783.32
108,903.41
1.66%
XLI
Industrial Select SPDR
861.15
3,699.17
30.34%
QQQ
PowerShares QQQ
660.83
34,105.32
1.98%
IVV
iShares S&P 500
403.70
30,879.94
1.32%
HYG
iShares iBoxx $ High Yield Corporate Bond
380.43
15,502.34
2.52%
DVY
iShares Dow Jones Select Dividend
212.95
10,888.29
1.99%
IWM
iShares Russell 2000
157.93
15,964.00
1.00%
OIH
Market Vectors Oil Services
152.57
1,286.12
13.46%
EMB
iShares JPMorgan USD Emerging Markets Bond
152.40
5,221.19
3.01%
XLV
Health Care Select SPDR
146.97
4,950.43
3.06%
Top 10 Redemptions (All ETFs)
Ticker
Name
Net Flows ($,mm)
AUM ($, mm)
AUM % Change
GLD
SPDR Gold
-646.09
64,003.56
-1.00%
SHY
iShares Barclays 1-3 Year Treasury Bond
-346.44
9,558.08
-3.50%
CSJ
iShares Barclays 1-3 Year Credit Bond
-146.77
9,552.27
-1.51%
SDY
SPDR S&P Dividend
-131.61
9,109.01
-1.42%
IWR
iShares Russell Midcap
-116.72
5,719.33
-2.00%
XRT
SPDR S&P Retail
-97.66
652.69
-13.01%
IAU
iShares Gold Trust
-92.64
9,263.57
-0.99%
IVW
iShares S&P 500 Growth
-77.29
7,203.56
-1.06%
XLE
Energy Select SPDR
-74.84
7,251.87
-1.02%
IEF
iShares Barclays 7-10 Year Treasury Bond
-65.39
4,837.38
-1.33%
ETF Weekly Daily Flows By Asset Class
Net Flows ($, mm)
AUM ($, mm)
% of AUM
U.S. Equity
5,149.14
560,655.04
0.92%
International Equity
477.07
265,347.04
0.18%
U.S. Fixed Income
567.00
212,981.05
0.27%
International Fixed Income
362.60
18,633.82
1.95%
Commodities
-612.62
106,115.87
-0.58%
Currency
-3.29
2,978.38
-0.11%
Leveraged
-74.76
12,734.70
-0.59%
Inverse
30.45
19,106.96
0.16%
Asset Allocation
10.03
1,942.81
0.52%
Alternatives
85.10
3,925.22
2.17%
Total:
5,990.71
1,204,420.89
0.50%
Top 10 Volume Surprises, Funds 'gt;$50 mm AUM
Ticker
Name
Average Volume(30 Day)
1 Week AverageVolume
% of Average
VONE
Vanguard Russell 1000
12,994
298,110
458.85%
CORP
PIMCO Investment Grade Corporate Bond
16,482
245,220
297.57%
SPHQ
PowerShares S&P 500 High Quality Portfolio
34,739
476,809
274.51%
VQT
Barclays ETN+ S&P Veqtor ETN
21,447
290,822
271.20%
EBND
SPDR Barclays Capital Emerging Markets Local Bond
43,139
578,110
268.02%
RYH
Guggenheim S&P Equal Weight Health Care
23,574
310,738
263.63%
GRES
IQ Global Resources
12,854
162,272
252.49%
BSJD
Guggenheim BulletShares 2013 High Yield Corporate Bond
53,332
672,194
252.08%
BSJE
Guggenheim BulletShares 2014 High Yield Corporate Bond
63,344
789,130
249.16%
IHI
iShares Dow Jones U.S. Medical Devices
73,356
866,536
236.25%
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and 'lt;1,000 Shares Traded
Ticker
Name
Weekly Performance
Weekly Volume
AUM ($, mm)
JJG
iPath Dow Jones UBS Grains Total Return ETN
10.05%
795,064
195.25
JJE
iPath Dow Jones-UBS Energy Total Return ETN
8.33%
78,362
12.12
WEET
iPath Pure Beta Grains ETN
8.21%
3,233
2.80
OIL
iPath S&P GSCI Crude Oil Total Return ETN
8.10%
3,081,441
459.80
GRU
ELEMENTS MLCX Grains - Total Return ETN
7.77%
674,025
17.51
BNO
United States Brent Oil
7.66%
273,980
49.82
JJA
iPath Dow Jones UBS Agriculture Total Return ETN
7.66%
127,115
128.95
USO
United States Oil
7.58%
39,835,569
1,347.52
FUE
ELEMENTS MLCX Biofuels Total Return ETN
7.52%
7,841
2.66
RJN
ELEMENTS Rogers International Commodity - Energy Total Return ETN
7.33%
503,686
71.48
Ticker
Name
Weekly Performance
Weekly Volume
AUM ($, mm)
CVOL
C-Tracks Exchange-Traded Notes on the Citi Volatility
-15.89%
93,063
5.56
VIXY
ProShares VIX Short-Term
-11.55%
2,538,963
133.60
VIIX
VelocityShares VIX Short Term ETN
-11.49%
1,449,919
31.06
VXX
iPath S&P 500 VIX Short-Term Futures ETN
-11.26%
189,036,414
1,523.90
USMI
United States Metals Index Fund
-10.83%
8,994
3.69
GRN
iPath Global Carbon ETN
-5.23%
3,526
1.17
VXZ
iPath S&P 500 VIX Mid-Term Futures ETN
-5.08%
1,615,576
242.58
PXN
PowerShares Lux Nanotech Portfolio
-4.60%
105,491
21.70
VIXM
ProShares VIX Mid-term
-4.26%
39,463
77.55
UBC
ETRACS CMCI Livestock Total Return ETN
-4.22%
3,055
4.39
Top 10 YTD Performers
Ticker
Name
YTD Performance
Weekly Performance
AUM ($, mm)
XIV
VelocityShares Daily Inverse VIX Short Term ETN
105.68
12.32
291.35
SVXY
ProShares Short VIX Short-Term Futures
103.04
12.17
21.33
AAVX
ETRACS Daily Short 1-Month S&P 500 VIX Futures ETN
98.48
11.77
17.20
BBVX
ETRACS Daily Short 2-Month S&P 500 VIX Futures ETN
63.70
10.04
15.72
RETL
Direxion Daily Retail Bull 3X Shares
61.68
8.20
9.49
BIB
ProShares Ultra NASDAQ Biotech
61.36
5.15
33.54
TQQQ
ProShares UltraPro QQQ
52.96
12.99
231.85
DRN
Direxion Daily Real Estate Bull 3x
49.07
1.87
96.00
DDVX
ETRACS Daily Short 4-Month S&P 500 VIX Futures ETN
45.24
4.40
13.97
BDCL
ETRACS 2X Leveraged Long Wells Fargo Business Development Company ETN
44.55
1.13
45.49
Bottom 10 YTD Performers
Ticker
Name
YTD Performance
Weekly Performance
AUM ($, mm)
UVXY
ProShares Ultra VIX Short-Term Futures
-91.00
-21.97
237.59
TVIX
VelocityShares Daily 2X VIX Short Term ETN
-90.08
-20.55
213.07
CVOL
C-Tracks Exchange-Traded Notes on the Citi Volatility
-73.92
-15.89
5.56
VIXY
ProShares VIX Short-Term
-64.81
-11.55
133.60
VXX
iPath S&P 500 VIX Short-Term Futures ETN
-64.68
-11.26
1,523.90
VIIX
VelocityShares VIX Short Term ETN
-64.65
-11.49
31.06
VXAA
ETRACS 1-Month S&P 500 VIX Futures ETN
-63.79
0.00
3.11
TVIZ
VelocityShares Daily 2X VIX Mid Term ETN
-56.59
-6.45
3.85
NUGT
Direxion Daily Gold Miners Bull 3X
-55.95
-1.82
217.73
VZZB
iPath Long Enhanced S&P 500 VIX Mid-Term Futures ETN (II)
-52.88
-8.19
1.70
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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