Daily ETF Flows: EFA, GLD Lead Creations

November 23, 2011

GLD and a number of bond funds pull in assets on Tuesday, Nov. 22, as stocks again move lower on continuing macroeconomic anxiety.

Investors placed $345.8 million into the iShares MSCI EAFE Index Fund and another $330.5 million into the SPDR Gold Shares (NYSEArca: GLD) physical bullion ETF, as stocks again moved lower on continuing anxiety about the health of the world economy.

Also, a number of bond funds were again scattered all over IndexUniverse’s “Top 10 Creations” list yesterday -- another sign of investor nervousness.

Overall, net outflows were $1.15 billion and total assets in U.S.-listed ETFs ended the day at $1.030 trillion from $1.033 trillion on Monday, Nov. 21, according to data compiled by IndexUniverse.com. The net outflows and the stock market’s declines both conspired to pull down total assets.

The Dow Jones industrial average fell 53.59 points, or 0.5 percent, to 11,493.72, in part because the U.S. government lowered its estimate for third-quarter economic growth to 2 percent from 2.5 percent initially.

The bond funds investors flocked to yesterday and their respective inflows were:

  • The iShares Barclays 20+ Year Treasury Bond Fund (NYSEArca: TLT), $133.2 million
  • The SPDR Barclays Capital 1-3 Month T-Bill ETF (NYSEArca: BIL), $119.2 million
  • The Vanguard Short-Term Bond ETF (NYSEArca: BSV), $113.7 million
  • The iShares Barclays 1-3 Year Credit Bond Fund (NYSEArca: CSJ), $103.7 million
  • Vanguard Total Bond Market ETF (NYSEArca: BND), $83.6 million

Redemptions

Yesterday’s least-popular ETF was the SPDR Dow Jones Industrial Average Trust (NYSEArca: DIA), which had outflows of $871.9 million, which amounted to 8 percent of its assets at the start of Tuesday’s trading session.

The Nos. 2 and 3 funds on IndexUniverse’s “Top 10 Redemptions” list were the Consumer Staples Select Sector SPDR Fund (NYSEArca: XLP) and the iShares Russell 2000 Index Fund (NYSEArca: IWM), which bled $365.7 million and $348.2 million, respectively.

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
EFA iShares MSCI EAFE 345.78 34,520.30 1%
GLD SPDR Gold 330.52 70,847.35 0%
TLT iShares Barclays 20+ Year Treasury Bond 133.16 3,244.31 4%
BIL SPDR Barclays Capital 1-3 Month T-Bill 119.18 2,305.62 5%
BSV Vanguard Short-Term Bond 113.69 7,276.42 2%
CSJ iShares Barclays 1-3 Year Credit Bond 103.68 8,750.64 1%
XLB Materials Select SPDR 94.16 1,520.26 7%
FAS Direxion Daily Financial Bull 3x 90.16 1,437.63 7%
BND Vanguard Total Bond Market 83.55 13,576.88 1%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
DIA SPDR Dow Jones Industrial Average Trust -871.94 10,192.85 -8%
XLP Consumer Staples Select SPDR -365.69 5,294.76 -6%
IWM iShares Russell 2000 -348.17 13,021.69 -3%
EEM iShares MSCI Emerging Markets -220.66 32,046.15 -1%
SPY SPDR S&P 500 -208.58 83,422.46 -0%
XLF Financial Select SPDR -138.33 4,183.56 -3%
DVY iShares Dow Jones Select Dividend -136.01 8,319.50 -2%
MDY SPDR S&P MidCap 400 -114.48 8,738.61 -1%
XLI Industrial Select SPDR -103.82 2,570.83 -4%
SDY SPDR S&P Dividend -90.14 7,427.66 -1%

ETF Daily Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -2,607.20 444,900.04 -0.72%
International Equity 184.72 244,605.73 0.17%
U.S. Fixed Income 664.10 168,397.97 0.45%
International Fixed Income -17.31 12,187.72 -0.01%
Commodities 128.88 114,923.35 -0.22%
Currency 53.79 4,741.49 0.14%
Leveraged 377.59 12,451.64 0.91%
Inverse 56.53 23,498.43 0.18%
Asset Allocation 1.45 899.87 0.02%
Alternatives 9.35 3,393.92 0.02%
Total: -1,148.10 1,030,000.16 0.95%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1-Day Volume % of Average
TIPZ PIMCO Broad U.S. TIPS 22,607 349,373 1545%
DBE PowerShares DB Energy 68,452 638,611 933%
EPS WisdomTree Earnings 500 10,840 82,949 765%
IAK iShares Dow Jones U.S. Insurance 47,702 363,054 761%
GNR SPDR Global Natural Resources 42,684 302,877 710%
FEZ SPDR Euro STOXX 50 73,355 468,031 638%
GWX SPDR S&P International Small Cap 166,424 965,811 580%
CWB SPDR Barclays Capital Convertible Bond 195,595 1,009,142 516%
PIV PowerShares S&P 500 High Quality Portfolio 73,139 377,257 516%
FTC First Trust Large Growth AlphaDEX 40,574 183,991 453%

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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
WITE ETFS Physical WM Basket 4.27% 2,000 49.20
SLV iShares Silver 3.67% 23,765,622 9,854.74
BBH Biotech HOLDRS 3.66% 13,100 252.93
SIVR ETFS Physical Silver 3.62% 442,986 629.39
DBS PowerShares DB Silver 3.54% 34,943 103.62
PALL ETFS Physical Palladium 2.67% 232,912 383.73
BUND PIMCO Germany Bond 2.65% 3,200 12.87
SKOR IQ South Korea Small Cap 2.26% 3,595 11.29
GLDX Global X Gold Explorers 2.25% 21,733 25.32
UGA United States Gasoline 2.12% 37,040 74.99

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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
GRN iPath Global Carbon ETN -17.15% 4,510 1.66
KBWC PowerShares KBW Capital Markets Portfolio -8.62% 104,500 9.61
CHII Global X China Industrials -6.05% 3,814 4.16
EWSM Rydex S&P SmallCap 600 Equal Weight -5.47% 1,450 5.31
EGPT Market Vectors Egypt -4.93% 176,305 37.88
CTNN iPath Pure Beta Cotton ETN -4.72% 1,500 3.62
OGEM EG Shares Energy GEMS -4.71% 2,521 14.78
HGEM EGShares Health Care GEMS -4.59% 2,000 0.82
XTL SPDR S&P Telecom -4.14% 1,213 6.08
CONG Russell Consistent Growth -3.97% 400,671 22.65

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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