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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