Monthly ETF Flows
By
ETF.com Staff
November 20, 2014
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Japan funds kept hauling in assets in May, while gold and emerging markets slipped.

 

Investors dumped money into Japanese equities funds last month, particularly currency-hedged strategies like the blockbuster DXJ, as total U.S.-listed ETF assets—helped by total inflows of more than $20 billion and a 2.1 percent rise in the S&P 500 Index—rose nearly 1 percent to $1.501 trillion.

The WisdomTree Japan Hedged Equity Fund (NYSEArca: DXJ) hauled in $2.4 billion, bringing its asset-gathering for the year to around $9.9 billion. DXJ ended the month with just shy of $10 billion, as investors continued to flock to a fund that has protected them from the yen's 15 percent slide this year.

Also among the Top 10 asset-gathering funds last months was the nonhedged iShares MSCI Japan Index Fund (NYSEArca: EWJ). It pulled in $1.21 billion last month and making it an $11.23 billion fund year-to-date. Overall, equities accounted for about $i'd'a 19 billion of the $20 billion in total inflows, according to data compiled by IndexUniverse.

The amazing story of DXJ's rapid rise is based on the Bank of Japan's commitment to weaken the yen as a means to pump up Japan's much-heralded export sector. It's a well-worn story by now, but worth repeating if for no other reason that the BOJ's policy is the quintessence of what some critics say is easy-money central-bank excess in the aftermath of the worst economic crisis since the 1930s.

What happens when all the monetary accommodation ends—especially the Federal Reserve's quantitative easing—is a question that hangs heavily over financial markets these days.

Investors are starting to wonder just what might happen to stock and bond prices when central banks start removing life support, and a few days of heavy selling last month were all about those concerns.

Top Gainers May 2013 ($, Millions)

Ticker Fund Issuer Flows AUM ($, M) Turnover
SPY SPDR S&P 500 SSgA 3,295.83 138,506.84 482,091.24
DXJ WisdomTree Japan Hedged Equity WisdomTree 2,385.04 9,900.70 10,091.26
IEI iShares Barclays 3-7 Year Treasury Bond BlackRock 1,611.72 3,850.30 2,169.02
XLF Financial Select SPDR SSgA 1,537.95 13,940.42 21,130.31
EWJ iShares MSCI Japan BlackRock 1,214.87 11,230.20 17,482.81
UST ProShares Ultra 7-10 Year Treasury ProShares 1,197.85 1,133.95 1,652.79
FIGY Barclays ETN+ FI Enhanced Global High Yield Barclays Capital 1,137.79 1,066.11 314.38
XLK Technology Select SPDR SSgA 912.27 10,819.55 6,213.36
CIU iShares Barclays Intermediate Credit Bond BlackRock 743.49 6,129.66 906.11
QQQ PowerShares QQQ Invesco PowerShares 701.94 34,767.63 51,747.12

 

May 2013 ETF Giants ($, Millions)

Ticker Name Issuer Flows AUM Turnover
SPY SPDR S&P 500 SSgA 3,295.83 138,506.84 482,091.24
VWO Vanguard FTSE Emerging Markets Vanguard -374.63 55,180.14 15,353.92
GLD SPDR Gold SSgA -2,945.81 45,403.87 38,774.68
IVV iShares Core S&P 500 BlackRock 212.84 42,556.73 17,457.90
EFA iShares MSCI EAFE BlackRock 563.22 41,905.71 27,038.21
EEM iShares MSCI Emerging Markets BlackRock -1,976.86 41,780.47 54,614.56
QQQ PowerShares QQQ Invesco PowerShares 701.94 34,767.63 51,747.12
VTI Vanguard Total Stock Market Vanguard 333.89 30,937.98 3,670.26
LQD iShares iBoxx $ Investment Grade Corporate Bond BlackRock -47.60 22,625.16 6,520.42
IWM iShares Russell 2000 BlackRock -1,016.66 21,068.67 89,910.24

 


 

On the flip side, gold and the world's biggest physical gold ETF continued to take it on the chin last month.

The SPDR Gold Shares (NYSEArca: GLD), saddled with about $3 billion in outflows, ended the month with $45.4 billion, or almost 11 percent less than at the end of April.

Developing markets equities also suffered amid growing nervousness about whether the Fed might start to slow its asset purchases.

In particular, the iShares MSCI Emerging Markets Index Fund (NYSEArca: EEM) suffered outflows of nearly $2 billion, ending May with $41.78 billion in assets, from about $45 billion at the end of April.

Those outflows, plus a 5 percent price decrease, dropped EEM to the No. 6 spot on IndexUniverse's table of the 10 biggest ETFs. It finished April in the No. 4 spot.

Biggest Losers ($, Millions)

Ticker Name Issuer Flows AUM ($, M) Turnover
GLD SPDR Gold SSgA -2,945.81 45,403.87 38,774.68
EEM iShares MSCI Emerging Markets BlackRock -1,976.86 41,780.47 54,614.56
XLV Health Care Select SPDR SSgA -1,040.07 7,051.52 11,143.79
IWM iShares Russell 2000 BlackRock -1,016.66 21,068.67 89,910.24
UWM ProShares Ultra Russell 2000 ProShares -987.34 146.45 1,789.05
TIP iShares Barclays TIPS Bond BlackRock -965.51 18,469.58 3,288.66
JNK SPDR Barclays High Yield Bond SSgA -802.10 10,757.59 4,860.55
HYG iShares iBoxx $ High Yield Corporate Bond BlackRock -783.10 15,099.51 8,959.42
SPLV PowerShares S&P 500 Low Volatility Invesco PowerShares -654.43 4,590.72 2,531.28
EWZ iShares MSCI Brazil Capped BlackRock -630.97 6,328.68 14,829.11

May 2013 ETF Giants ($, Millions)

Ticker Name Issuer Flows AUM Turnover
SPY SPDR S&P 500 SSgA 3,295.83 138,506.84 482,091.24
VWO Vanguard FTSE Emerging Markets Vanguard -374.63 55,180.14 15,353.92
GLD SPDR Gold SSgA -2,945.81 45,403.87 38,774.68
IVV iShares Core S&P 500 BlackRock 212.84 42,556.73 17,457.90
EFA iShares MSCI EAFE BlackRock 563.22 41,905.71 27,038.21
EEM iShares MSCI Emerging Markets BlackRock -1,976.86 41,780.47 54,614.56
QQQ PowerShares QQQ Invesco PowerShares 701.94 34,767.63 51,747.12
VTI Vanguard Total Stock Market Vanguard 333.89 30,937.98 3,670.26
LQD iShares iBoxx $ Investment Grade Corporate Bond BlackRock -47.60 22,625.16 6,520.42
IWM iShares Russell 2000 BlackRock -1,016.66 21,068.67 89,910.24

 


 

League Tables May 2013

Issuer Net Flows AUM ($, M) % of AUM Turnover
BlackRock 386.36 605,443.11 0.06% 399,806.21
SSgA 4,027.57 344,510.52 1.17% 700,446.60
Vanguard 5,123.95 287,792.91 1.78% 51,925.34
Invesco PowerShares 1,274.73 82,548.38 1.54% 64,777.26
WisdomTree 3,067.48 30,400.43 10.09% 14,484.78
ProShares 440.29 24,687.07 1.78% 73,881.05
Van Eck 72.91 23,733.79 0.31% 28,181.41
Guggenheim 672.12 14,884.28 4.52% 7,361.74
PIMCO 392.64 12,583.64 3.12% 4,225.94
Charles Schwab 628.00 12,198.16 5.15% 2,368.09
First Trust 683.58 11,972.34 5.71% 2,621.53
Barclays Capital 1,583.38 7,165.75 22.10% 18,824.72
ALPS 387.72 6,785.03 5.71% 1,511.65
Direxion 208.71 5,920.73 3.53% 47,663.64
JPMorgan - 5,620.24 0.00% 1,015.81
Northern Trust 413.04 5,278.84 7.82% 632.48
ETF Securities -37.44 3,651.33 -1.03% 1,113.18
UBS 807.28 2,784.49 28.99% 722.39
US Commodity Funds -59.55 2,463.60 -2.42% 7,717.57
Global X 179.48 2,068.37 8.68% 817.55
Emerging Global Shares 77.21 1,397.57 5.52% 290.13
Merrill Lynch - 23.86 1,136.96 -2.10% 167.79
AdvisorShares 25.28 828.76 3.05% 323.88
IndexIQ 33.96 760.61 4.46% 174.30
VelocityShares -454.35 669.34 -67.88% 9,107.22
Credit Suisse 26.87 664.05 4.05% 128.09
Pacer Financial -2.57 513.13 -0.50% 42.66
GreenHaven - 17.74 434.21 -4.09% 70.89
RBS Securities 26.11 363.26 7.19% 81.21
Deutsche Bank 108.62 313.38 34.66% 238.63
Precidian 80.69 250.90 32.16% 638.41
Goldman Sachs - 242.67 0.00% 17.47
Exchange Traded Concepts 35.99 238.40 15.10% 96.26
Fidelity - 204.36 0.00% 20.50
Arrow Investment Advisors 8.14 82.78 9.83% 34.32
Jefferies - 4.36 67.67 -6.44% 5.82
Teucrium - 0.09 60.09 -0.15% 76.17
Morgan Stanley - 0.18 60.05 -0.30% 14.84
Pax World 4.10 28.99 14.15% 8.56
Columbia - 27.40 0.00% 14.77
FFCM - 22.57 0.00% 5.62
Huntington Strategy Shares 0.77 22.07 3.50% 2.99
Factor Advisor - 12.55 0.00% 11.92
Russell - 1.63 7.93 -20.61% 1.49
CitiGroup - 1.80 0.00% 1.35
BNP Paribas - - - -
Pyxis - - - -

 

ETF DAILY DATA

Massive inflows into U.S. equity funds on Monday, Dec. 22, propelled total ETF assets to a new record.

'SPY' raked in more than $12 billion Monday, Dec. 22, pacing State Street's issuer-leading inflows on the day, as total U.S.-listed ETF assets jumped to $2.005 trillion.

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