Almost $868 million flowed out of SPY on Tuesday, Jan. 24, as falling stocks and net outflows pulled total U.S.-listed ETF assets down to $1.133 trillion.
Net outflows were $408.2 million and total assets under management dropped to $1.133 trillion from $1.136 trillion on Monday, Jan. 23. The decline was due to both falling stocks and net outflows.
The Dow Jones industrial average lost 33.07 points, or 0.3 percent, to close at 12,675. Stocks were down on new lackluster corporate earnings and new difficulties getting creditors to take further haircuts on Greece’s debt. The S&P 500 Index dropped 1.4 points, or o.1 percent, to close at 1,315.
The No. 2 fund on the redemptions list was the Technology Select Sector SPDR Fund (NYSEArca: XLK), which had outflows of $574.8 million. The No. 3 fund on the list was the Consumer Staples Select Sector SPDR Fund (NYSEArca: XLP), which had outflows of $546.1 million.
Creations
Investors meanwhile poured $513.2 million into the PowerShares QQQ Trust (NasdaqGM: QQQ), making it the No. 1 fund on IndexUniverse’s “Top 10 Creations” list.
The No. 2 fund on the creations list was the iShares MSCI EAFE Index Fund (NYSEArca: EFA), which had inflows of $279.1 million. The No. 3 fund was the Financial Select Sector SPDR Fund (NYSEArca: XLF), which saw inflows of $231 million.
Although investment flows in equities were negative, U.S.-focused fixed-income ETFs had inflows of $394.0 million.
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| QQQ | PowerShares QQQ | 513.25 | 29,959.36 | 2% |
| EFA | iShares MSCI EAFE | 279.07 | 38,635.97 | 1% |
| XLF | Financial Select SPDR | 230.97 | 6,756.96 | 4% |
| VWO | Vanguard MSCI Emerging Markets | 183.92 | 48,271.76 | 0% |
| IWM | iShares Russell 2000 | 117.99 | 15,948.32 | 1% |
| MDY | SPDR S&P MidCap 400 | 110.35 | 9,838.17 | 1% |
| HYG | iShares iBoxx $ High Yield Corporate Bond | 106.96 | 12,424.72 | 1% |
| XOP | SPDR S&P Oil & Gas Exploration & Production | 102.08 | 962.89 | 12% |
| IEF | iShares Barclays 7-10 Year Treasury Bond | 93.80 | 4,825.39 | 2% |
| XRT | SPDR S&P Retail | 82.91 | 743.38 | 13% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 | -867.77 | 101,039.75 | -1% |
| XLK | Technology Select SPDR | -574.80 | 8,091.84 | -7% |
| XLP | Consumer Staples Select SPDR | -546.13 | 4,959.30 | -10% |
| XLU | Utilities Select SPDR | -484.30 | 6,679.25 | -7% |
| TLT | iShares Barclays 20+ Year Treasury Bond | -116.03 | 3,156.02 | -4% |
| VTI | Vanguard Total Stock Market | -114.16 | 20,648.01 | -1% |
| XLE | Energy Select SPDR | -111.23 | 8,232.31 | -1% |
| EWJ | iShares MSCI Japan | -95.88 | 5,092.92 | -2% |
| IWD | iShares Russell 1000 Value | -69.73 | 11,787.78 | -1% |
| GDX | Market Vectors Gold Miners | -67.41 | 8,301.19 | -1% |
ETF Daily Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | -1,256.95 | 514,159.02 | -0.24% |
| International Equity | 348.66 | 271,120.76 | 0.13% |
| U.S. Fixed Income | 393.77 | 182,653.51 | 0.22% |
| International Fixed Income | 21.78 | 12,970.34 | 0.17% |
| Commodities | -23.07 | 110,658.37 | -0.02% |
| Currency | -5.41 | 4,267.04 | -0.13% |
| Leveraged | -5.53 | 12,962.63 | -0.04% |
| Inverse | 59.58 | 21,020.11 | 0.28% |
| Asset Allocation | - | 997.47 | 0.00% |
| Alternatives | 58.98 | 2,911.37 | 2.03% |
| Total: | -408.18 | 1,133,720.61 | -0.04% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| Ticker | Name | Average Volume (30 Day) |
1-Day Volume | % of Average |
| RPV | Rydex S&P 500 Pure Value | 31,854 | 243,839 | 765% |
| EQIN | Russell Equity Income | 4,823 | 34,495 | 715% |
| PNQI | PowerShares NASDAQ Internet Portfolio | 18,107 | 123,400 | 682% |
| RYT | Rydex S&P Equal Weight Technology | 9,536 | 64,384 | 675% |
| IHE | iShares Dow Jones U.S. Pharmaceuticals | 105,946 | 510,112 | 481% |
| EWO | iShares MSCI Austria Investable Market | 64,011 | 294,153 | 460% |
| FXB | CurrencyShares British Pound Sterling | 52,561 | 222,978 | 424% |
| FRN | Guggenheim Frontier Markets | 48,612 | 203,592 | 419% |
| SLYV | SPDR S&P SmallCap 600 Value Index | 8,452 | 35,284 | 417% |
| AGZ | iShares Barclays Agency Bond | 41,579 | 173,072 | 416% |
Top 10 1-Day Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | 1-Day Performance | 1-Day Volume | AUM ($, mm) |
| EGPT | Market Vectors Egypt | 8.27% | 132,193 | 40.73 |
| NIB | iPath Dow Jones-UBS Cocoa Total Return ETN | 6.14% | 45,415 | 20.08 |
| BDG | PowerShares DB Base Metals Long ETN | 2.06% | 2,500 | 1.56 |
| DBB | PowerShares DB Base Metals | 1.98% | 741,718 | 377.10 |
| WSTE | Global X Waste Management | 1.89% | 1,179 | 1.23 |
| EPI | WisdomTree India Earnings | 1.84% | 2,008,914 | 871.89 |
| INDY | iShares S&P India Nifty 50 | 1.72% | 92,649 | 309.79 |
| GRU | ELEMENTS MLCX Grains - Total Return ETN | 1.66% | 54,908 | 17.53 |
| ITB | iShares Dow Jones U.S. Home Construction | 1.66% | 2,320,556 | 465.37 |
| XHB | SPDR S&P Homebuilders | 1.61% | 4,301,049 | 1,160.13 |
Bottom 10 1-Day Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | 1-Day Performance | 1-Day Volume | AUM ($, mm) |
| GREK | Global X FTSE Greece 20 | -5.00% | 5,915 | 2.27 |
| KWT | Market Vectors Solar Energy | -2.25% | 38,288 | 12.77 |
| GDX | Market Vectors Gold Miners | -2.24% | 12,768,502 | 8,301.19 |
| GLDX | Global X Gold Explorers | -2.16% | 13,348 | 25.34 |
| NORW | Global X FTSE Norway | -1.88% | 19,486 | 45.68 |
| PWND | PowerShares Global Wind Energy Portfolio | -1.80% | 5,134 | 14.97 |
| MES | Market Vectors Gulf States | -1.75% | 1,700 | 12.69 |
| EWO | iShares MSCI Austria Investable Market | -1.74% | 294,153 | 53.38 |
| GDXJ | Market Vectors Junior Gold Miners | -1.74% | 1,787,998 | 2,237.68 |
| PTM | ETRACS CMCI Long Platinum Total Return ETN | -1.69% | 50,049 | 37.72 |
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.
