Weekly ETF Fund Flows: EEM, VWO Bleed
Emerging market ETFs were some of the least popular strategies in the week ended Thursday, May 30, as investors trimmed their overall exposure to international equities while the U.S. stock market inched higher, albeit slowly.
The iShares MSCI Emerging Markets Index Fund (NYSEArca:EEM) saw the week's biggest redemption, bleeding $1.22 billion, or roughly 2.78 percent of its assets, now totaling $42.86 billion. Its main competitor, the Vanguard FTSE Emerging Markets ETF (NYSEArca:VWO), lost $500 million in the period, bringing its total assets down to $56.12 billion.
These two funds-the behemoths of broad emerging market exposure for U.S. ETF investors-have been on a losing streak much of the year. EEM has already lost a net of $3.6 billion since Jan. 1, while VWO has seen net outflows of nearly $1.3 billion year-to-date.
Another emerging market ETF that got caught among the week's biggest redemptions was the iShares MSCI Brazil Capped Index Fund (NYSEArca:EWZ)-the market's biggest Brazil-focused fund, with $6.4 billion in total assets. EWZ has now seen net outflows of $2.5 billion since the beginning of the year.
In all, investors took some $1.8 billion out of international equities ETFs in the past week ended Thursday, outflows that nearly identically matched the amount of net inflows into U.S. equities ETFs, according to data compiled by IndexUniverse. Still, total U.S.-listed ETF assets dropped to $1.518 trillion.
The asset flows came as the S&P 500 tagged on modest gains of 0.2 percent on the week, which included Monday's Memorial Day holiday, even if it failed to retest last week's record intraday high of 1,687.18. The index closed Thursday at 1,654.41.
Funds like the iShares Russell 2000 Index Fund (NYSEArca:IWM) and the Financial Select SPDR (NYSEArca:XLF) were among the most popular, raking in a net of $801 million and $397 million, respectively, in the past week.
The only international equities ETF that ranked among the week's top creations was the WisdomTree Japan Hedged Equity ETF (NYSEArca:DXJ), which had net inflows of $247 million. As of Thursday, DXJ's total assets had slipped to $9.92 billion.
Top 10 Creations (All ETFs)
Ticker
Name
Net Flows ($,mm)
AUM ($, mm)
AUM % Change
IWM
iShares Russell 2000
801.85
21,320.05
3.91%
XLF
Financial Select SPDR
397.32
14,133.21
2.89%
USMV
iShares MSCI USA Minimum Volatility
260.16
3,941.97
7.07%
DXJ
WisdomTree Japan Hedged Equity
247.02
9,929.59
2.55%
XLY
Consumer Discretionary Select SPDR
241.87
5,502.81
4.60%
DIA
SPDR Dow Jones Industrial Average Trust
206.34
12,533.26
1.67%
XLI
Industrial Select SPDR
172.86
5,208.21
3.43%
MINT
PIMCO Enhanced Short Maturity Strategy
134.99
2,936.83
4.82%
VTV
Vanguard Value
132.46
10,366.76
1.29%
VO
Vanguard Mid-Cap
126.09
5,292.72
2.44%
Top 10 Redemptions (All ETFs)
Ticker
Name
Net Flows ($,mm)
AUM ($, mm)
AUM % Change
EEM
iShares MSCI Emerging Markets
-1,224.32
42,867.91
-2.78%
VWO
Vanguard FTSE Emerging Markets
-500.30
56,127.63
-0.88%
IYR
iShares Dow Jones U.S. Real Estate
-380.41
5,340.67
-6.65%
IVV
iShares Core S&P 500
-367.30
43,189.94
-0.84%
JNK
SPDR Barclays High Yield Bond
-339.17
10,878.72
-3.02%
HYG
iShares iBoxx $ High Yield Corporate Bond
-321.16
15,252.30
-2.06%
LQD
iShares iBoxx $ Investment Grade Corporate Bond
-284.16
22,849.01
-1.23%
XLV
Health Care Select SPDR
-264.32
7,103.59
-3.59%
GLD
SPDR Gold
-240.42
46,023.72
-0.52%
EWZ
iShares MSCI Brazil Capped
-223.94
6,423.98
-3.37%
ETF Weekly Daily Flows By Asset Class
Net Flows ($, mm)
AUM ($, mm)
% of AUM
U.S. Equity
1,818.75
760,722.97
0.24%
International Equity
-1,802.32
361,685.03
-0.50%
U.S. Fixed Income
-965.50
239,700.49
-0.40%
International Fixed Income
-115.48
28,030.98
-0.41%
Commodities
-424.25
83,591.86
-0.51%
Currency
-44.18
2,467.10
-1.79%
Leveraged
151.41
15,962.92
0.95%
Inverse
-149.32
19,438.91
-0.77%
Asset Allocation
38.17
3,663.27
1.04%
Alternatives
-16.39
3,542.52
-0.46%
Total:
-1,509.10
1,518,806.06
-0.10%
Top 10 Volume Surprises, Funds 'gt;$50 mm AUM
Ticker
Name
Average Volume(30 Day)
1 Week AverageVolume
% of Average
VGLT
Vanguard Long-Term Government Bond
59,109
1,077,531
364.59%
FM
iShares MSCI Frontier 100
129,212
2,206,262
341.49%
EBND
SPDR Barclays Emerging Markets Local Bond
56,766
944,196
332.66%
ISHG
iShares S&P/Citigroup 1-3 Year International Treasury Bond
25,404
411,772
324.19%
IWX
iShares Russell Top 200 Value
14,079
200,565
284.91%
IGV
iShares S&P North American Technology-Software
101,102
1,396,907
276.34%
DSUM
PowerShares Chinese Yuan Dim Sum Bond
39,177
522,701
266.84%
EXT
WisdomTree Total Earnings
1,789
22,871
255.67%
MUAD
iShares 2015 S&P AMT-Free Municipal Series
5,601
63,513
226.79%
QQXT
First Trust NASDAQ-100 Ex-Technology
15,779
177,700
225.24%
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and 'lt;1,000 Shares Traded
Ticker
Name
Weekly Performance
Weekly Volume
AUM ($, mm)
GRN
iPath Global Carbon ETN
13.94%
140,969
0.66
GLDX
Global X Gold Explorers
12.60%
154,041
29.55
GDXJ
Market Vectors Junior Gold Miners
12.07%
17,128,286
1,611.01
SIL
Global X Silver Miners
9.52%
760,643
223.80
TAN
Guggenheim Solar
9.00%
1,328,549
111.11
GDX
Market Vectors Gold Miners
8.64%
109,886,073
5,801.15
RING
iShares MSCI Global Gold Miners
8.26%
281,156
34.64
PSAU
PowerShares Global Gold and Precious Metals
7.79%
42,906
22.91
GGGG
Global X PURE Gold Miners
6.92%
15,408
3.20
QCLN
First Trust NASDAQ Clean Edge Green Energy
6.87%
343,702
46.18
Ticker
Name
Weekly Performance
Weekly Volume
AUM ($, mm)
NKY
Maxis Nikkei 225
-10.48%
10,171,633
257.47
DBJP
db X-trackers MSCI Japan Hedged Equity
-10.04%
723,597
115.97
DXJ
WisdomTree Japan Hedged Equity
-9.88%
40,904,921
9,929.59
FJP
First Trust Japan AlphaDex
-9.15%
24,178
18.82
JPP
SPDR Russell/Nomura PRIME Japan
-9.12%
128,477
33.46
FEFN
iShares MSCI Far East Financials
-9.00%
20,018
8.61
ITF
iShares S&P/TOPIX 150
-8.90%
69,004
85.93
GREK
Global X FTSE Greece 20
-8.73%
424,088
49.17
EWJ
iShares MSCI Japan
-8.57%
407,670,575
11,568.26
DFJ
WisdomTree Japan SmallCap Dividend
-8.54%
452,707
269.85
Top 10 YTD Performers
Ticker
Name
YTD Performance
Weekly Performance
AUM ($, mm)
TAN
Guggenheim Solar
65.67
9.00
111.11
QCLN
First Trust NASDAQ Clean Edge Green Energy
57.85
6.87
46.18
KWT
Market Vectors Solar Energy
45.55
6.35
15.60
GEX
Market Vectors Global Alternative Energy
44.57
4.86
74.68
IDXJ
Market Vectors Indonesia Small Cap
42.19
2.90
11.27
BBH
Market Vectors Biotech
37.55
1.11
334.93
PBW
PowerShares WilderHill Clean Energy
37.25
3.13
173.01
IBB
iShares NASDAQ Biotechnology
33.53
1.24
3,219.02
PBD
PowerShares Global Clean Energy
33.30
3.55
75.39
PBE
PowerShares Dynamic Biotech & Genome
31.79
1.99
167.06
Bottom 10 YTD Performers
Ticker
Name
YTD Performance
Weekly Performance
AUM ($, mm)
CVOL
C-Tracks Citi Volatility ETN
-63.17
-1.53
1.64
GLDX
Global X Gold Explorers
-44.47
12.60
29.55
VIIX
VelocityShares VIX Short Term ETN
-41.84
-0.60
18.63
VXX
iPath S&P 500 VIX Short-Term Futures ETN
-41.72
-0.50
1,389.98
VIXY
ProShares VIX Short-Term
-41.27
-0.60
234.94
GRN
iPath Global Carbon ETN
-39.39
13.94
0.66
SILJ
PureFunds ISE Junior Silver (Small Cap Miners/Explorers)
-39.15
6.72
1.86
GGGG
Global X PURE Gold Miners
-38.79
6.92
3.20
GDXJ
Market Vectors Junior Gold Miners
-37.59
12.07
1,611.01
SIL
Global X Silver Miners
-35.50
9.52
223.80
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.
Permalink | 'copy; Copyright 2009 IndexUniverse LLC. All rights reserved
Don't forget to check IndexUniverse.com's ETF Data section.
Copyright ® 2013 IndexUniverse 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.
