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Jan. ETF Fund Flows: Exodus From EEM

Jan. ETF Fund Flows: Exodus From EEM

Related ETFs: GLD | EEM | VWO | GDX | SPY | DIA | IWM
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Investors dumped the iShares MSCI Emerging Markets Index Fund (NYSEArca: EEM) in January while diving into U.S. equity ETFs, with net flows into U.S. exchange-traded products totaling $9.95 billion. Total assets in U.S. ETPs climbed about 1 percent, ending the month at almost $1.021 trillion.

The single-biggest story of the month was the culmination of the battle between EEM and the Vanguard MSCI Emerging Markets ETF (NYSEArca: VWO) for bragging rights as the world’s-biggest emerging markets fund. VWO toppled EEM on Jan. 18, and ever since, EEM’s assets have been declining sharply. EEM suffered $6.8 billion in outflows last month, while VWO gathered $1.7 billion.

Apart from VWO, which was the second-most-popular ETF last month, flows were focused on U.S. equities—large-cap funds in particular. More than $10 billion flowed into U.S. equity ETFs and, apart from exiting EEM, investors moved out of smaller-cap holdings and gold, according to data compiled by IndexUniverse.com.

Vanguard, the third-biggest U.S. ETF firm by assets, again bested its rivals in total assets gathered last month, as it did for all of last year. VWO, a $44.82 billion fund as of Jan. 31, was and remains a big part of Vanguard’s steady move up the U.S. ETF league tables.


Top Gainers ($, Millions)
Ticker Name Issuer January 2011
Flows
January 2011
AUM ($, M)
January 2011
Turnover
QQQQ PowerShares QQQ Invesco PowerShares 2,571.76 25,263.72 74,086.74
VWO Vanguard Emerging Markets Vanguard 1,741.26 44,822.51 16,561.34
SPY SPDR S&P 500 SSgA 1,472.67 93,488.65 382,154.69
EWZ iShares MSCI Brazil BlackRock 1,255.00 12,433.03 23,871.43
DIA SPDR Dow Jones Industrial Average Trust SSgA 1,097.34 10,054.94 20,870.15
TLT iShares Barclays 20+ Year Treasury Bond BlackRock 786.28 3,173.09 21,368.38
IVV iShares S&P 500 BlackRock 775.86 27,172.72 9,882.89
XLF Financial Select SPDR SSgA 742.36 8,416.34 28,141.27
XLK Technology Select SPDR SSgA 723.46 6,761.14 6,045.71
VIG Vanguard Dividend Appreciation Vanguard 643.37 5,315.04 950.15

 

Biggest Losers ($, Millions)
Ticker Name Issuer January 2011
Flows
January 2011
AUM ($, M)
January 2011
Turnover
EEM iShares MSCI Emerging Markets BlackRock -6,802.16 39,166.85 64,026.48
GLD SPDR Gold SSgA -2,302.56 52,336.99 49,517.19
IWM iShares Russell 2000 BlackRock -1,877.34 15,545.58 87,595.72
VTI Vanguard Total Stock Market Vanguard -815.67 17,787.90 2,744.50
FXI iShares FTSE/Xinhua China 25 BlackRock -643.55 7,418.49 12,950.36
MDY SPDR S&P MidCap 400 SSgA -585.02 11,864.49 13,515.22
GDX Market Vectors Gold Miners Van Eck -581.25 6,177.84 14,656.65
SLV iShares Silver BlackRock -473.41 9,277.68 16,556.16
XRT SPDR S&P Retail SSgA -434.81 508.73 8,992.00
UNG United States Natural Gas US Commodity Funds -391.10 2,349.88 3,369.93

 

Flows By Asset Class And Total Flows
Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 10,027.20 468,886.68 2.14%
International Equity -1,790.64 273,452.51 -0.65%
U.S. Fixed Income 2,914.80 135,347.37 2.15%
International Fixed Income 235.68 6,758.87 3.49%
Commodities -2,180.11 95,181.77 -2.29%
Currency 174.56 4,890.65 3.57%
Leveraged -698.36 12,647.18 -5.52%
Inverse 948.80 19,649.86 4.83%
Asset Allocation 34.62 536.48 6.45%
Alternatives 279.47 3,517.91 7.94%
Total: 9,946.01 1,020,869.28 0.97%

 

 

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