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Daily ETF Flows: SPY Nets $836.5 Million

Daily ETF Flows: SPY Nets $836.5 Million

Related ETFs: VXZ | VWO | SPY | VB | XRT | HYG | LQD | AGZ | TIP | IEF | SHY
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An earlier version of the following story incorrectly stated total inflows, as data from State Street Global Advisors were largely missing. A corrected repetition, including SSgA flows, follows.

 

Investors poured $836.5 million into the SPDR S&P 500 ETF (NYSEArca: SPY) on Wednesday, as stocks rose following the approval by Greece’s parliament of an austerity plan aimed at helping the Mediterranean country manage its large debt load.

Overall, $1.82 billion in new money flowed into U.S.-listed ETFs, lifting total assets to more than $1.089 trillion from $1.079 trillion on Tuesday, according to data compiled by IndexUniverse.

Rising stocks helped lift the asset total, with the Dow Jones industrial average increasing 72.73 points, or 0.6 percent, to 12,261.42, largely because of the vote in Greece, which markets interpreted as a sign that Greece would avoid a debt default, at least for now.

The second fund on IndexUniverse’s “Top 10 Creations” list was the Vanguard MSCI Emerging Markets ETF (NYSEArca: VWO), which gathered $334.9 million in new assets. Another of Vanguard’s funds, its Small-Cap ETF (NYSEArca: VB), added $108.4 million.

It’s possible that the Vanguard inflows were related to monthly rebalancing. Creation and redemption activity on Vanguard ETFs often spikes at the end of one month and the beginning of the next due to rebalancing, Vanguard official have told IndexUniverse.

A number of sector funds from State Street Global Advisors were also among yesterday’s most popular funds, including the SPDR S&P Retail ETF (NYSEArca: XRT). XRT’s inflows of $133 million amounted to more than a quarter of its assets, which ended the day at $657 million.

A few bond funds also pulled in assets yesterday, including the iShares iBoxx $ Investment Grade Corporate Bond Fund (NYSEArca: LQD), which added $65.8 million in new assets.

Redemptions

Yesterday’s least popular security was the iPath S&P 500 VIX Mid-Term Futures ETN (NYSEArca: VXZ), which lost $257.7 million, or almost a third of its assets. It now has almost $538 million.

A slew of bond funds also had redemptions yesterday, possibly in connection with the end of the Federal Reserve’s quantitative easing program.

Analysts generally agree that so-called QE2 fueled a rally in bond markets as well as in stocks and commodities, even as it failed to spur a significant uptick in lending and employment.

Bond funds that suffered outflows included the iShares Barclays TIPS Bond Fund (NYSEArca: TIP) and the iShares Barclays 1-3 Year Treasury Bond Fund (NYSEArca: SHY). TIP lost almost $111 million a day after hauling in $132.7 million, while SHY suffered outflows of almost $110 million a day after pulling in $126.5 million.

Other bond funds on IndexUniverse’s “Top 10 Redemptions” list included the iShares Barclays Agency Bond Fund (NYSEArca: AGZ) and the iShares Barclays 7-10 Year Treasury Bond Fund (NYSEArca: IEF). AGZ suffered outflows of $33.2 million and IEF bled $28.9 million.

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 836.51 91,869.93 0.92%
VWO Vanguard MSCI Emerging Markets 334.88 49,243.93 0.68%
XLY Consumer Discretionary Select SPDR 255.07 2,793.99 10.05%
XRT SPDR S&P Retail 133.01 657.05 25.38%
XLB Materials Select SPDR 112.66 2,601.82 4.53%
VB Vanguard Small-Cap 108.36 4,728.89 2.35%
GDX Market Vectors Gold Miners 81.64 6,757.41 1.22%
XLF Financial Select SPDR 71.12 7,171.15 1.00%
LQD iShares iBoxx $ Investment Grade Corporate Bond 65.83 13,714.45 0.48%
IJR iShares S&P SmallCap 600 61.60 7,199.96 0.86%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
VXZ iPath S&P 500 VIX Mid-Term Futures ETN -257.73 537.98 -32.39%
XLP Consumer Staples Select SPDR -222.97 4,046.62 -5.22%
TIP iShares Barclays TIPS Bond -110.78 20,616.08 -0.53%
SHY iShares Barclays 1-3 Year treasury Bond -109.60 8,464.80 -1.28%
TNA Direxion Daily Small Cap Bull 3x -71.73 808.99 -8.14%
GLD SPDR Gold -43.96 58,412.32 -0.08%
ERX Direxion Daily Energy Bull 3x -42.29 412.36 -9.30%
XLE Energy Select SPDR -33.40 8,700.91 -0.38%
AGZ iShares Barclays Agency Bond -33.17 364.83 -8.33%
IEF iShares Barclays 7-10 Year treasury Bond -28.88 3,446.27 -0.83%

ETF Daily Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 1,763.19 488,086.43 0.36%
International Equity 519.46 290,508.06 0.18%
U.S. Fixed Income -91.87 147,503.28 -0.06%
International Fixed Income 45.01 10,892.12 0.41%
Commodities -120.43 105,513.89 -0.11%
Currency - 5,818.80 0.00%
Leveraged -129.06 13,662.85 -0.94%
Inverse 71.56 23,297.91 0.31%
Asset Allocation 1.30 911.59 0.14%
Alternatives -235.62 3,379.16 -6.97%
Total: 1,823.54 1,089,574.10 0.17%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume (30 Day) 1-Day Volume % of Average
VB Vanguard Small-Cap 389,698 4,287,189 1100.13%
QQEW First trust NASDAQ-100 Equal Weighted 41,176 346,962 842.64%
VDC Vanguard Consumer Staples 76,185 482,881 633.82%
IDU iShares Dow Jones U.S. Utilities 34,518 217,150 629.10%
AOR iShares S&P Growth Allocation 20,306 110,762 545.46%
ITF iShares S&P/TOPIX 150 11,900 64,669 543.43%
MLN Market Vectors Long Municipal 28,311 150,127 530.27%
IYC iShares Dow Jones U.S. Consumer Services 51,923 245,675 473.15%
NYF iShares S&P New York AMT-Free Municipal Bond 5,638 26,435 468.89%
IYH iShares Dow Jones U.S. Healthcare 84,754 374,092 441.39%

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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
UGA United States Gasoline 4.36% 121,672 138.61
EWEF Rydex MSCI EAFE Equal Weight 3.95% 2,484 16.55
EWD iShares MSCI Sweden 3.87% 216,164 573.67
COPX Global X Copper Miners 3.84% 86,456 85.84
FUE ELEMENTS MLCX Biofuels Total Return ETN 3.83% 2,380 9.19
GXF Global X FTSE Nordic 30 3.55% 6,991 35.69
AADR WCM/BNY Mellon Focused Growth ADR 3.53% 1,200 8.56
BNO United States Brent Oil 3.36% 49,738 52.51
CU First trust ISE Global Copper 3.31% 168,941 211.23
NORW Global X FTSE Norway 3.25% 29,907 67.53

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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
CVOL C-tracks Exchange-traded Notes on the Citi Volatility -7.72% 3,750 10.56
VIXY ProShares VIX Short-Term -5.01% 486,790 49.61
VXX iPath S&P 500 VIX Short-Term Futures ETN -5.00% 34,186,179 1,177.86
VIIX VelocityShares VIX Short Term ETN -4.99% 35,000 7.08
EEH ELEMENTS Linked to SPECtrUM Large Cap U.S. Momentum ETN -4.13% 3,600 0.00
EGPT Market Vectors Egypt -2.31% 81,475 75.36
FZB FaithShares Baptist Values -2.26% 1,500 1.49
DLBL iPath U.S. treasury Long Bond Bull ETN -2.16% 4,400 22.55
FGEM EGShares Financials GEMS -1.81% 1,672 8.20
ITB iShares Dow Jones U.S. Home Construction -1.71% 2,330,627 483.49

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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