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.
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