Weekly ETF Fund Flows: BSV Adds $1.24B
Investors plowed more than $11 billion into U.S.-listed exchange-traded funds in the past week, with a healthy piece of that devoted to income-focused strategies at a time when signs of an improving macroeconomic picture are creating worry that longer-dated bonds may lose value.
Total assets invested in U.S.-listed ETFs rose to almost $1.468 trillion in the five-day period ended Thursday, March 14-a 1.5 percent increase over the $1.446 trillion in the prior week, according to data compiled by IndexUniverse. The S&P 500 Index meanwhile rose a bit more than 1 percent.
The Nos. 2 and 3 funds on the creations list were the Vanguard Short-Term Bond ETF (NYSEArca:BSV) and the Vanguard High Dividend Yield ETF (NYSEArca:VYM), which gathered $1.24 billion and $1.10 billion, respectively.
The prominence of the two funds suggest that investors may be shoring up the income-producing portions of their portfolios with both short-dated bonds and dividend-paying stocks to protect themselves from the vagaries of owning longer-dated bonds should the bond prices begin to fall as official interest rates start climbing.
Topping the redemptions list were the world's two biggest equities funds focused on the developing markets:the iShares MSCI Emerging Markets Index Fund (NYSEArca:EEM) and the Vanguard FTSE Emerging Markets Index ETF (NYSEArca:VWO).
EEM lost $840.4 million and VWO had redemptions of $614.2 million.
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
|---|---|---|---|---|
| SPY | SPDR S&P 500 | 4,699.97 | 135,799.70 | 3.59% |
| BSV | Vanguard Short-Term Bond | 1,236.28 | 11,259.03 | 12.33% |
| VYM | Vanguard High Dividend Yield | 1,101.24 | 6,303.15 | 21.17% |
| DXJ | WisdomTree Japan Hedged Equity | 447.03 | 5,172.00 | 9.46% |
| MDY | SPDR S&P MidCap 400 | 402.84 | 11,677.77 | 3.57% |
| IWM | iShares Russell 2000 | 348.84 | 20,761.56 | 1.71% |
| XLF | Financial Select SPDR | 334.74 | 11,434.39 | 3.02% |
| EWJ | iShares MSCI Japan | 329.65 | 6,847.63 | 5.06% |
| HDV | iShares High Dividend Equity | 316.30 | 2,876.54 | 12.35% |
| VEA | Vanguard MSCI EAFE | 313.35 | 12,637.09 | 2.54% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
|---|---|---|---|---|
| EEM | iShares MSCI Emerging Markets | -840.40 | 48,773.03 | -1.69% |
| VWO | Vanguard FTSE Emerging Markets | -614.18 | 59,773.16 | -1.02% |
| FXI | iShares FTSE China 25 | -515.62 | 7,104.56 | -6.77% |
| GLD | SPDR Gold | -321.16 | 63,026.02 | -0.51% |
| TIP | iShares Barclays TIPS Bond | -300.28 | 20,686.45 | -1.43% |
| JNK | SPDR Barclays High Yield Bond | -296.53 | 12,013.77 | -2.41% |
| SHV | iShares Barclays Short Treasury Bond | -176.33 | 2,821.63 | -5.88% |
| XLU | Utilities Select SPDR | -163.44 | 5,747.14 | -2.77% |
| TBT | ProShares UltraShort 20+ Year Treasury | -130.15 | 3,346.09 | -3.74% |
| EMB | iShares J.P. Morgan USD Emerging Markets Bond | -129.89 | 5,832.59 | -2.18% |
ETF Weekly Daily Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
|---|---|---|---|
| U.S. Equity | 9,890.12 | 702,077.91 | 1.41% |
| International Equity | 127.24 | 359,654.65 | 0.04% |
| U.S. Fixed Income | 1,410.64 | 229,891.46 | 0.61% |
| International Fixed Income | -132.94 | 26,957.62 | -0.49% |
| Commodities | -364.63 | 107,865.55 | -0.34% |
| Currency | -40.90 | 2,759.36 | -1.48% |
| Leveraged | 331.53 | 14,058.64 | 2.36% |
| Inverse | -18.53 | 18,160.10 | -0.10% |
| Asset Allocation | 57.70 | 2,998.58 | 1.92% |
| Alternatives | 185.23 | 3,328.06 | 5.57% |
| Total: | 11,445.47 | 1,467,751.94 | 0.78% |
Top 10 Volume Surprises, Funds 'gt;$50 mm AUM
| Ticker | Name | Average Volume(30 Day) | 1 Week AverageVolume | % of Average |
|---|---|---|---|---|
| TDTT | FlexShares iBoxx 3-Year Target Duration TIPS | 525,077 | 12,022,977 | 457.95% |
| TOK | iShares MSCI Kokusai | 32,498 | 652,033 | 401.27% |
| SHV | iShares Barclays Short Treasury Bond | 381,251 | 6,697,862 | 351.36% |
| SHM | SPDR Nuveen Barclays Short Term Municipal Bond | 809,316 | 13,548,786 | 334.82% |
| EFV | iShares MSCI EAFE Value | 328,614 | 5,289,046 | 321.90% |
| KCE | SPDR S&P Capital Markets | 52,490 | 807,299 | 307.60% |
| BWZ | SPDR Barclays Short Term International Treasury Bond | 45,093 | 690,682 | 306.34% |
| AUNZ | WisdomTree Australia & New Zealand Debt | 48,670 | 734,580 | 301.86% |
| IWY | iShares Russell Top 200 Growth | 39,897 | 596,122 | 298.83% |
| GMM | SPDR S&P Emerging Markets | 25,710 | 355,758 | 276.75% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and 'lt;1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
|---|---|---|---|---|
| GAZ | iPath Dow Jones-UBS Natural Gas Total Return ETN | 8.14% | 700,390 | 40.30 |
| SMIN | iShares MSCI India Small Cap | 6.80% | 20,013 | 4.60 |
| UNG | United States Natural Gas | 6.75% | 18,014,150 | 1,065.15 |
| GLDX | Global X Gold Explorers | 5.72% | 677,165 | 36.58 |
| BAL | iPath Dow Jones-UBS Cotton Total Return ETN | 5.57% | 140,650 | 48.20 |
| VIXH | First Trust CBOE S&P 500 VIX Tail Hedge | 5.11% | 11,280 | 6.27 |
| FCG | First Trust ISE-Revere Natural Gas | 5.03% | 3,884,014 | 433.87 |
| CHOC | iPath Pure Beta Cocoa ETN | 4.94% | 5,112 | 4.79 |
| GASZ | ETRACS Natural Gas Futures Contango ETN | 4.55% | 93,966 | 11.86 |
| UNL | United States 12 Month Natural Gas | 4.39% | 279,150 | 47.38 |
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
|---|---|---|---|---|
| VIXY | ProShares VIX Short-Term | -6.44% | 10,555,326 | 170.74 |
| VIIX | VelocityShares VIX Short Term ETN | -6.42% | 2,945,984 | 21.07 |
| KWT | Market Vectors Solar Energy | -6.40% | 53,279 | 12.23 |
| VXX | iPath S&P 500 VIX Short-Term Futures ETN | -6.38% | 247,469,801 | 1,269.78 |
| TAN | Guggenheim Solar | -5.97% | 916,363 | 68.93 |
| CHII | Global X China Industrials | -5.52% | 21,005 | 4.74 |
| CHXX | EGShares China Infrastructure | -4.77% | 27,896 | 13.34 |
| ECNS | iShares MSCI China Small Cap | -4.24% | 71,456 | 33.85 |
| CHIM | Global X China Materials | -4.05% | 2,973 | 2.54 |
| HAO | Guggenheim China Small Cap | -3.97% | 4,382,274 | 340.48 |
Top 10 YTD Performers
| Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
|---|---|---|---|---|
| FAA | Guggenheim Airline | 24.25 | 3.86 | 23.83 |
| IDXJ | Market Vectors Indonesia Small Cap | 23.03 | -3.88 | 5.36 |
| KBWC | PowerShares KBW Capital Markets | 22.95 | 1.54 | 10.07 |
| XTN | SPDR S&P Transportation | 21.98 | 4.34 | 36.15 |
| IAI | iShares Dow Jones U.S. Broker-Dealers | 21.88 | 1.55 | 95.04 |
| SPGH | ETRACS S&P 500 Gold Hedged ETN | 21.34 | 1.04 | 19.68 |
| QCLN | First Trust NASDAQ Clean Edge Green Energy | 21.20 | 1.26 | 25.85 |
| KBWI | PowerShares KBW Insurance | 19.90 | 2.38 | 2.56 |
| BAL | iPath Dow Jones-UBS Cotton Total Return ETN | 19.76 | 5.57 | 48.20 |
| PXE | PowerShares Dynamic Energy Exploration & Production | 19.32 | 1.16 | 117.31 |
Bottom 10 YTD Performers
| Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
|---|---|---|---|---|
| CVOL | C-Tracks Citi Volatility ETN | -48.59 | -3.05 | 2.29 |
| GRN | iPath Global Carbon ETN | -37.31 | 2.13 | 0.54 |
| VIIX | VelocityShares VIX Short Term ETN | -35.62 | -6.42 | 21.07 |
| VXX | iPath S&P 500 VIX Short-Term Futures ETN | -35.46 | -6.38 | 1,269.78 |
| VIXY | ProShares VIX Short-Term | -35.10 | -6.44 | 170.74 |
| GLDX | Global X Gold Explorers | -24.33 | 5.72 | 36.58 |
| VXZ | iPath S&P 500 VIX Mid-Term Futures ETN | -22.83 | 0.42 | 56.71 |
| VIXM | ProShares VIX Mid-term | -22.71 | 0.19 | 64.58 |
| VIIZ | VelocityShares VIX Mid Term ETN | -22.59 | 0.71 | 3.87 |
| SIL | Global X Silver Miners | -20.18 | 0.17 | 275.87 |
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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