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Weekly ETF Flows: EEM Asset Rise Continues

Weekly ETF Flows: EEM Asset Rise Continues

Related ETFs: EEM | VWO | SPY
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Investors kept pouring money into the iShares MSCI Emerging Markets Index Fund (NYSEArca: EEM) in the past week, the latest piece of a dynamic Vanguard unleashed in October when it said that its giant emerging markets fund that competes with EEM would stop using the same index as the iShares fund sometime next year.

The better part of $900 million flowed into EEM in the past week ended Thursday, Dec. 27 on top of more than $1 billion the week before, according to data compiled by IndexUniverse. The grand total of flows into EEM since the eve of Vanguard's Oct. 2 stood at $8.62 billion, While the Vanguard MSCI Emerging Markets ETF (NYSEArca: VWO) meanwhile has suffered outflows of $885 million since the announcement.

ETF industry sources have argued that the positive flows for EEM relative to VWO—essentially a reversal of a broad pattern of the past few years—might be related to the fact that institutions still favor MSCI benchmarks. That would mean VWO, which next year will stop using the MSCI Emerging Markets Index that EEM uses, could be falling out of favor among large investors who are preparing for the change.

The entire move back toward EEM is deep enough to have brought the iShares fund to the brink of being a bigger asset gatherer than VWO in all of 2012. VWO still leads, with year-to-date inflows of $10.59 billion compared to EEM's year-to-date creations of $10.26 billion, meaning just $33 million separate the two funds with two days left in the year.

Overall, investors plowed $7.37 billion into ETFs in the five days ended Thursday, Dec. 27, with $5.65 billion going into U.S. equities—$5.7 billion of that into the SPDR S&P 500 ETF (NYSEArca: SPY) alone.

But total U.S-listed ETF assets dipped to less than $1.342 trillion from a record of $1.350 trillion in the prior week, as the fiscal cliff worries pulled the Dow Jones industrial average down 1.4 percent in the week.

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 5,701.84 122,378.92 4.89%
EEM iShares MSCI Emerging Markets 894.33 47,640.83 1.91%
DIA SPDR Dow Jones Industrial Average Trust 583.15 10,917.01 5.64%
IYR iShares Dow Jones U.S. Real Estate 529.15 4,574.47 13.08%
FXI iShares FTSE China 25 400.41 8,369.75 5.02%
EFA iShares MSCI EAFE 337.26 38,953.53 0.87%
IVV iShares Core S&P 500 321.91 34,616.72 0.94%
VTI Vanguard Total Stock Market 315.62 24,001.29 1.33%
EWJ iShares MSCI Japan 299.35 5,015.30 6.35%
XLB Materials Select SPDR 265.59 2,371.75 12.61%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
IWM iShares Russell 2000 -1,097.76 15,614.49 -6.57%
QQQ PowerShares QQQ -490.83 30,717.00 -1.57%
XLP Consumer Staples Select SPDR -305.40 5,731.97 -5.06%
XLE Energy Select SPDR -235.61 6,870.34 -3.32%
VXX iPath S&P 500 VIX Short-Term Futures ETN -219.60 1,111.89 -16.49%
XRT SPDR S&P Retail -205.03 446.61 -31.46%
GDX Market Vectors Gold Miners -204.59 8,682.61 -2.30%
KBWB PowerShares KBW Bank -197.48 78.33 -71.60%
TLT iShares Barclays 20+ Year Treasury Bond -170.33 3,210.04 -5.04%
IJJ iShares S&P MidCap 400 Value -163.48 2,236.90 -6.81%

ETF Weekly Daily Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
Leveraged -250.45 13,421.03 -1.87%
Currency -12.02 2,692.71 -0.45%
U.S. Equity 5,652.22 602,461.19 0.94%
International Equity 2,629.55 329,980.65 0.80%
Asset Allocation 14.54 2,384.40 0.61%
Commodities -90.74 117,715.53 -0.08%
Inverse -122.12 16,756.83 -0.73%
International Fixed Income 133.69 25,787.05 0.52%
Alternatives -257.17 3,410.43 -7.54%
- - 0.00%
Total: 7,368.93 1,341,561.78 0.55%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
VIXM ProShares VIX Mid-term 101,773 1,854,065 364.35%
TMW SPDR Dow Jones Total Market 12,632 183,598 290.68%
INDA iShares MSCI India 42,371 603,818 285.01%
LEMB iShares Emerging Markets Local Currency Bond 35,871 504,061 281.04%
RWK RevenueShares Mid Cap 13,407 152,046 226.81%
FLOT iShares Floating Rate Note 271,319 2,913,009 214.73%
BSCC Guggenheim BulletShares 2012 Corporate Bond 11,907 125,385 210.60%
GSC GS Connect S&P GSCI Enhanced Commodity Total Return Strategy ETN 21,692 225,048 207.49%
IWL iShares Russell Top 200 7,089 72,748 205.24%
TVIX VelocityShares Daily 2X VIX Short Term ETN 960,013 9,456,099 197.00%

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
VIXY ProShares VIX Short-Term 11.46% 3,690,695 153.51
VIIX VelocityShares VIX Short Term ETN 11.43% 1,869,357 10.84
VXX iPath S&P 500 VIX Short-Term Futures ETN 11.42% 119,608,299 1,111.89
GREK Global X FTSE Greece 20 3.53% 73,104 23.09
VIIZ VelocityShares VIX Mid Term ETN 3.52% 93,580 5.09
VXZ iPath S&P 500 VIX Mid-Term Futures ETN 3.52% 1,964,385 68.29
VIXM ProShares VIX Mid-term 3.51% 1,854,065 87.59
DXJ WisdomTree Japan Hedged Equity 3.36% 4,718,788 1,099.80
PEK Market Vectors China 3.17% 84,926 28.76
ZROZ PIMCO 25+ Year Zero Coupon U.S. Treasury 2.59% 30,490 102.29

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
SLV iShares Silver Trust -5.18% 39,278,581 9,603.89
SIVR ETFS Physical Silver -5.17% 926,806 547.77
TAN Guggenheim Solar -4.87% 218,443 44.16
NIB iPath Dow Jones-UBS Cocoa Total Return ETN -4.57% 132,222 29.40
CHOC iPath Pure Beta Cocoa ETN -4.33% 19,711 3.05
WITE ETFS Physical WM Basket -4.15% 20,233 37.56
PGM iPath Dow Jones-UBS Platinum Total Return ETN -3.96% 20,230 26.70
PPLT ETFS Physical Platinum -3.83% 165,014 777.03
KWT Market Vectors Solar Energy -3.73% 8,587 10.65
PSCC PowerShares S&P SmallCap Consumer Staples -3.53% 12,007 27.46

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
ITB iShares Dow Jones U.S. Home Construction 75.65 -1.98 1,598.02
TUR iShares MSCI Turkey Investable Market 63.22 1.57 767.62
XHB SPDR S&P Homebuilders 54.13 -2.46 2,184.38
TAO Guggenheim China Real Estate 53.25 0.94 79.14
INCO EGShares India Consumer 50.78 -2.06 7.15
BBH Market Vectors Biotech 46.76 -2.23 141.30
EPHE iShares MSCI Philippines Investable Market 44.87 0.56 217.54
IFAS iShares FTSE EPRA/NAREIT Developed Asia 44.74 1.60 36.41
EGPT Market Vectors Egypt 43.37 -0.27 36.71
PKB PowerShares Dynamic Building & Construction 43.32 -1.11 64.90

Bottom 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
VXX iPath S&P 500 VIX Short-Term Futures ETN -76.69 11.42 1,111.89
VIIX VelocityShares VIX Short Term ETN -76.69 11.43 10.84
VIXY ProShares VIX Short-Term -76.64 11.46 153.51
VIIZ VelocityShares VIX Mid Term ETN -53.39 3.52 5.09
VXZ iPath S&P 500 VIX Mid-Term Futures ETN -53.39 3.52 68.29
VIXM ProShares VIX Mid-term -53.31 3.51 87.59
JO iPath Dow Jones-UBS Coffee Total Return ETN -41.41 2.16 61.77
CAFE iPath Pure Beta Coffee ETN -40.02 2.01 2.19
GAZ iPath Dow Jones-UBS Natural Gas Total Return ETN -35.80 1.51 36.62
KWT Market Vectors Solar Energy -33.38 -3.73 10.65

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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