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.
