##  [# Equity ETFs See Massive Outflows](/sections/weekly-etf-flows/equity-etfs-see-massive-outflows) 

 

# Equity ETFs See Massive Outflows

 

 

An astronomical $22 billion flowed out of equity ETFs last week, as familiar post-crash jitters took hold.



 

 

 

 

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[By ETF.com Staff](/contributors/etfcom-staff)

 Feb 07, 2014

 Edited by: ETF.com Staff

 

 

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An astronomical $22 billion flowed out of equity ETFs last week, as familiar post-crash jitters took hold.





 

 

An astronomical $22 billion flowed out of equity ETFs last week, as familiar post-crash jitters took hold.



Investors pulled more than $22 billion from equities-focused ETFs last week, $19 billion of it from U.S. equities strategies, as markets went into a familiar post-2008-crash “risk-off” mode in the wake of choppy economic data that have renewed concerns about the global recovery.

The flip side of that exodus from equities was powerful inflows into sundry fixed-income ETFs—the latest sign in the post-crash era that investors are willing to make peace with paltry yields at the first signs of trouble. Bond ETFs pulled $11.26 billion.

Overall, investors yanked $9.79 billion from ETFs in the week ended Thursday, Feb. 6, pulling down total U.S.-listed ETF assets by 4 percent to $1.625 trillion, according to data compiled by ETF.com.

The dramatic pivot in ETF flows is a case of back to the future for post-financial crisis investors, who rode the S&amp;P 500 Index up about 30 percent on last year's prevailing risk-on sentiment. But markets have fallen to 4.1 percent so far in 2014 as economic data has turned dodgy.

[From weak December and January labor-market gains](https://www.bls.gov/news.release/empsit.nr0.htm) to [ strong fourth-quarter gross domestic product output](https://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm) in the fourth quarter of 2013, investors are rushing back to the safety of bond funds, in a repetition of a risk-on/risk-off pattern that has prevailed in financial markets pretty much since Lehman Brothers declared bankruptcy in September 2008.

To be clear, the concern is global in scope, spanning worries about flagging growth in other developed markets such as Japan and Europe, and reflecting concerns that an asset-price bubble in the emerging markets over the past five years may be deflating.

So, investors are fleeing equities and buying bond funds spanning the yield curve and credit quality.

The iShares 1-3 Year Treasury Bond ([SHY | A-97](/SHY)) led all bond funds, raking in $3.7 billion last week, bringing its total assets up to $11.86 billion. On the contrary, the SPDR S&amp;P 500 ([SPY | A-97](/SPY)) was the least popular ETF last week, redeeming $8.63 billion, bringing its assets down to $144 billion.

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % ChangeSHYiShares 1-3 Year Treasury Bond3,702.6711,863.8045.37%IEIiShares 3-7 Year Treasury Bond3,639.126,187.83142.78%USTProShares Ultra 7-10 Year Treasury2,817.172,808.98-34,359.97%CSJiShares 1-3 Year Credit Bond864.0512,971.057.14%BNDVanguard Total Bond Market584.2419,286.293.12%TLTiShares 20+ Year Treasury Bond582.323,316.5021.30%LQDiShares iBoxx $ Investment Grade Corporate Bond474.7616,269.993.01%MDYSPDR S&amp;P MidCap 400420.9814,501.802.99%IEFiShares 7-10 Year Treasury Bond378.784,385.439.45%SHViShares Short Treasury Bond363.792,755.7515.21%Top 8 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % ChangeSPYSPDR S&amp;P 500-8,626.27144,063.74-5.65%IVViShares Core S&amp;P 500-3,182.9247,185.81-6.32%IJHiShares Core S&amp;P Mid-Cap-2,934.2619,434.69-13.12%IWMiShares Russell 2000-1,727.3923,088.51-6.96%MVVProShares Ultra MidCap 400-1,524.44154.09-90.82%SSOProShares Ultra S&amp;P 500-1,431.631,668.40-46.18%XLYConsumer Discretionary Select SPDR-1,235.325,041.85-19.68%EEMiShares MSCI Emerging Markets-1,194.5830,645.05-3.75%ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM**U.S. Equity** -19,092.90865,857.09-2.21%**International Equity** -2,718.18381,622.52-0.71%**U.S. Fixed Income** 11,255.72242,733.264.64%**International Fixed Income** 2.5620,638.920.01%**Commodities** 32.3664,158.760.05%**Currency** 20.232,032.551.00%**Leveraged**73.6219,793.700.37%**Inverse**1,032.9121,034.744.91%**Asset Allocation**-27.263,867.78-0.70%**Alternatives**-366.113,352.64-10.92%**Total:****-9,787.03****1,625,091.95****-0.60%**Top 10 Volume Surprises, Funds &gt;$50 mm AUM

TickerNameAverage Volume  
(30 Day)1 Week Average  
Volume% of AverageUSTProShares Ultra 7-10 Year Treasury2,529,57575,337,482595.65%TENZPIMCO 7-15 Year U.S. Treasury26,018711,112546.64%IEIiShares 3-7 Year Treasury Bond1,458,66038,673,137530.26%MVVProShares Ultra MidCap 4001,421,71734,658,466487.56%EFZProShares Short MSCI EAFE104,3442,424,152464.65%SHYiShares 1-3 Year Treasury Bond2,752,01363,151,086458.94%IBCCiSharesBondTM 2018 Corporate ex-Financials Term3,61673,632407.31%UCIETRACS CMCI Total Return ETN96,3931,921,538398.69%RYHGuggenheim S&amp;P Equal Weight Health Care32,997645,258391.10%FEMFirst Trust Emerging Markets AlphaDex464,9369,087,600390.92%Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and &lt;1,000 Shares Traded

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)JOiPath Dow Jones-UBS Coffee Total Return ETN23.97%3,077,591165.51CAFEiPath Pure Beta Coffee ETN22.18%373,5299.68VXXiPath S&amp;P 500 VIX Short-Term Futures ETN15.75%299,833,397748.34VIIXVelocityShares VIX Short Term ETN15.75%1,424,07611.20VIXYProShares VIX Short-Term15.70%17,384,781215.94JJSiPath Dow Jones-UBS Softs Total Return ETN11.88%8,7006.83GRNiPath Global Carbon ETN11.83%39,6901.50SGGiPath Dow Jones-UBS Sugar Total Return ETN9.75%119,83829.28VIXMProShares VIX Mid-term9.67%624,78660.72VIIZVelocityShares VIX Mid Term ETN9.65%209,0992.07Bottom 10 Weekly Performers, Excluding Leverage/Inverse Funds and &lt;1,000 Shares Traded

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)GAZiPath Dow Jones-UBS Natural Gas Total Return ETN-9.80%2,094,28538.94DXJSWisdomTree Japan Hedged SmallCap Equity-8.28%235,17866.22UNGUnited States Natural Gas-7.98%151,486,346760.49JSCSPDR Russell/Nomura Small Cap Japan-7.77%26,57077.86SCJiShares MSCI Japan Small-Cap-7.67%152,672127.20DBJPdb X-trackers MSCI Japan Hedged Equity-7.30%878,258415.17DFJWisdomTree Japan SmallCap Dividend-7.27%215,742272.27DXJWisdomTree Japan Hedged Equity-7.11%55,245,71911,451.69JPPSPDR Russell/Nomura PRIME Japan-6.37%154,876126.87EWJiShares MSCI Japan-6.22%236,987,22612,935.13Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)BXDBBarclays Short B Leveraged Inverse S&amp;P 500 TR ETN58.359.362.27TVIXVelocityShares Daily 2X VIX Short Term ETN56.1232.70162.81UVXYProShares Ultra VIX Short-Term Futures55.8132.67172.45UGAZVelocityShares 3X Long Natural Gas ETN46.96-26.8881.37JNUGDirexion Daily Junior Gold Miners Bull 3X44.57-6.9428.45BRZSDirexion Daily Brazil Bear 3x43.46-0.323.63RUSSDirexion Daily Russia Bear 3X41.75-2.647.92YANGDirexion Daily FTSE China Bear 3X40.756.5818.30BOILProShares Ultra DJ-UBS Natural Gas36.18-17.0746.75KORZDirexion Daily South Korea Bear 3X34.081.991.57Bottom 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)DGAZVelocityShares 3X Inverse Natural Gas ETN-60.0912.99284.89JDSTDirexion Daily Junior Gold Miners Bear 3X-45.914.8510.42KOLDProShares UltraShort DJ- UBS Natural Gas-41.8310.8864.72BRZUDirexion Daily Brazil Bull 3x-34.60-1.675.31YINNDirexion Daily FTSE China Bull 3X-33.87-7.1480.55RUSLDirexion Daily Russia Bull 3X-33.520.6416.51LBJDirexion Daily Latin America Bull 3X-32.50-2.0315.80DUSTDirexion Daily Gold Miners Bear 3X-29.8810.00191.83KORUDirexion Daily South Korea Bull 3x-29.09-2.802.00EDCDirexion Daily Emerging Markets Bull 3x-27.75-1.02309.94Disclaimer: 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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