US ETF Assets Cross $2 Trillion For First Time

December 23, 2014

 

The U.S. ETF market has broken through the $2-trillion-in-assets mark this week following massive inflows into U.S. equity funds Monday. The milestone speaks volumes to the growing popularity of the ETF structure among retail as well as institutional investors.

The rise in assets also reflects positive market performance. Consider that the S&P 500 has rallied another 13 percent year-to-date, following gains of some 32 percent in 2013. Total assets reflect flows and performance.

Monday, investors poured more than $13 billion into U.S. equity ETFs, with the SPDR S&P 500 (SPY | A-99) raking in the bulk of that money. SPY was the first-ever ETF, launching some 22 years ago, and it remains the largest, with more than $200 billion in total assets.

It took ETFs 18 years to reach $1 trillion in assets, but only another four years to double those assets to $2 trillion. To put that figure into focus, hedge funds now command about $3 trillion in assets, and open-end mutual funds have $15 trillion, according to data from each industry.

Year-to-date, U.S.-listed ETFs have gathered some $232 billion in net new assets, beating the previous one-year record of $188 billion in 2013.

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 12,661.16 214,997.07 6.26%
IWM iShares Russell 2000 544.50 30,426.10 1.82%
XLE Energy Select SPDR 303.13 11,364.83 2.74%
DIA SPDR Dow Jones Industrial Average Trust 268.91 13,156.63 2.09%
QQQ PowerShares QQQ 224.80 40,475.18 0.56%
XLU Utilities Select SPDR 209.02 7,011.21 3.07%
XLP Consumer Staples Select SPDR 208.51 10,426.23 2.04%
IEFA iShares Core MSCI EAFE 162.72 3,248.77 5.27%
IEF iShares 7-10 Year Treasury Bond 148.69 7,275.39 2.09%
XLY Consumer Discretionary Select SPDR 146.64 7,893.34 1.89%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
RPV Guggenheim S&P 500 Pure Value -365.02 1,259.73 -22.47%
SDOG ALPS Sector Dividend Dogs -219.56 1,088.47 -16.79%
DLN WisdomTree LargeCap Dividend -187.00 2,408.56 -7.20%
RPG Guggenheim S&P 500 Pure Growth -136.63 1,900.75 -6.71%
IYR iShares U.S. Real Estate -102.45 5,473.35 -1.84%
SH ProShares Short S&P 500 -71.28 1,350.65 -5.01%
TNA Direxion Daily Small Cap Bull 3x -68.17 922.30 -6.88%
HYS PIMCO 0-5 Year High Yield Corporate Bond -66.09 2,862.01 -2.26%

ETF Daily Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 13,901.79 1,164,760.17 1.19%
International Equity 385.90 422,607.07 0.09%
U.S. Fixed Income 485.89 286,281.22 0.17%
International Fixed Income -0.36 23,685.92 -0.00%
Commodities 68.39 56,792.58 0.12%
Currency -23.14 1,415.58 -1.63%
Leveraged -20,998.33 23,875.07 -87.95%
Inverse -96.08 18,010.32 -0.53%
Asset Allocation 43.74 5,346.21 0.82%
Alternatives -3.48 2,977.40 -0.12%
Total: -6,235.68 2,005,751.54 -0.31%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1-Day Volume % of Average
FKU First Trust United Kingdom AlphaDEX 45,689 532,875 1,166.31%
IQDY FlexShares International Quality Dividend Dynamic 91,447 1,048,427 1,146.48%
DBE PowerShares DB Energy 204,701 2,214,411 1,081.78%
ITE SPDR Barclays Intermediate Term Treasury 19,139 188,725 986.09%
MLPA Global X MLP 88,908 853,923 960.45%
AOR iShares Growth Allocation 155,026 1,314,976 848.23%
IQDE FlexShares International Quality Dividend Defensive 99,897 844,495 845.37%
EWU iShares MSCI United Kingdom 2,489,927 19,382,728 778.45%
ISHG iShares 1-3 Year International Treasury Bond 21,240 142,413 670.50%
FRI First Trust S&P REIT 124,651 787,089 631.44%

Top 10 1-Day Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
NGE Global X MSCI Nigeria 6.57% 60,120 16.32
MES Market Vectors Gulf States 5.96% 38,239 18.62
UAE iShares MSCI UAE Capped 4.88% 44,154 48.63
FM iShares MSCI Frontier 100 4.65% 520,791 503.96
EGPT Market Vectors Egypt 4.55% 14,265 50.49
GULF WisdomTree Middle East Dividend 3.97% 10,313 44.31
ERUS iShares MSCI Russia Capped 3.88% 557,562 215.99
RSXJ Market Vectors Russia Small-Cap 2.88% 50,461 50.65
CHIX Global X China Financials 2.86% 84,201 58.52
RSX Market Vectors Russia 2.71% 31,687,372 1,476.25

Bottom 10 1-Day Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
UNG United States Natural Gas -7.57% 19,105,959 651.57
UCI ETRACS CMCI Total Return ETN -7.39% 32,983 86.80
GDXJ Market Vectors Junior Gold Miners -7.21% 26,310,379 1,481.77
SILJ PureFunds ISE Junior Silver (Small Cap Miners/Explorers) -7.01% 7,765 5.00
PSAU PowerShares Global Gold and Precious Metals -6.06% 25,942 18.49
SGDM Sprott Gold Miners -5.53% 242,812 97.47
RING iShares MSCI Global Gold Miners -5.51% 225,963 45.80
GDX Market Vectors Gold Miners -5.12% 73,948,671 5,786.14
DBO PowerShares DB Oil -5.11% 1,297,722 277.61
OIL iPath S&P GSCI Crude Oil Total Return ETN -4.91% 3,534,982 327.55

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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