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April ETF Flows: EEM Squarely In VWO’s Cross Hairs

April ETF Flows: EEM Squarely In VWO’s Cross Hairs

Related ETFs: VXZ | VXX | GLD | FXI | EFA | EEM | VWO | SPY | XLP | XLV | XLK | FAS | TBT
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Vanguard’s MSCI Emerging Markets ETF (NYSEArca: VWO) hauled in more assets than any other U.S. ETF in April, narrowing the gap a bit more with its arch rival, the iShares MSCI Emerging Market Index Fund (NYSEArca: EEM), and bringing into focus the day VWO may surpass EEM, according to data compiled by IndexUniverse.com.

State Street Global Advisors’ SPDR Gold Trust (NYSEArca: GLD) gathered $1.10 billion in April, the second-most of any fund, benefiting from worries surrounding Greece. The world’s biggest ETF, SSgA’s S&P 500 ETF (NYSEArca: SPY), remained on top in April, but lost $4.64 billion in investor assets, more than any other ETF, dropping its total to $74.44 billion. A slew of sector ETFs also suffered from investors cashing in their bets.

Last month’s big flows story, Vanguard’s VWO steadily catching up to iShares’ EEM, is by now a familiar tale. VWO added $1.28 billion last month, lifting the total to $24.24 billion, while EEM grew by just $408.6 million to $35.75 billion. If year-to-date trends hold—VWO assets have grown 21 percent and EEM’s have fallen 10 percent—VWO will easily surpass EEM in assets by the end of 2010.

Performance is clearly at play—VWO is 5 percent ahead of the theoretically equivalent EEM over the past 12 months—as is price, with VWO charging 0.27 percent vs. EEM’s 0.72. However, EEM remains quite popular with traders, with $65.51 billion in turnover in April. EEM and VWO remained the fourth- and fifth-biggest U.S. ETFs, respectively, according to the report.

Top Gainers ($ Millions)

Ticker

Name

Apr Flows

AUM at 4/30/2010

Mar. Turnover

VWO

Vanguard Emerging Markets

1,284.28

24,236.65

14,447.74

GLD

SPDR Gold

1,097.78

43,925.62

32,312.08

QQQQ

PowerShares QQQ

1,072.05

22,418.75

88,227.99

TBT

ProShares UltraShort 20+ Year Treasury

875.69

5,117.77

9,692.56

EFA

iShares MSCI EAFE

744.53

35,815.09

24,441.51

VB

Vanguard Small-Cap

595.24

3,988.33

1,060.98

DIA

Dow Diamonds

514.77

9,072.86

24,715.79

MDY

SPDR S&P MidCap 400

469.67

9,791.28

10,719.78

FXI

iShares FTSE/Xinhua China 25

444.30

8,332.06

25,704.66

IWM

iShares Russell 2000

433.03

14,400.33

103,362.58

The third-most-popular ETF in terms of new money pouring in was the PowerShares QQQ (NYSEArca: QQQQ), which is focused on the 100 biggest nonfinancial U.S. stocks. It hauled in $1.07 billion in assets, raising its total to $22.42 billion. In the No. 4 spot was the ProShares UltraShort 20+ Treasury ETF (NYSEArca: TBT), which provides investors with double the inverse of daily returns. It gathered $875.7 million, and now has $5.12 billion.

 

 

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