Daily ETF Flows: SPY Adds $1.22 Billion

March 23, 2012

SPY gathered $1.22 billion on Thursday, March 22, as falling markets pulled total U.S.-listed ETF assets down to a bit shy of $1.202 trillion.

Investors plowed $1.22 billion into the SPDR S&P 500 ETF (NYSEArca: SPY), making it No. 1 on IndexUniverse’s “Top 10 Creations” list. U.S. stocks fell again, as the S&P 500 Index posted its third-straight loss, dropping to below 1,400.

Net outflows were $136.7 million, and total assets under management fell to around $1.202 trillion from just shy of $1.209 trillion on Wednesday, March 21.

The Dow Jones industrial average fell 45.62 points, or 0.35 percent, to close at 13,124.62. Without any bad economic news to speak of Thursday, the market’s fall may have had more to do with a correction and end-of-quarter profit-taking. The S&P 500 fell 10.11 points, or 0.7 percent, to close at 1,392.78.

The Market Vectors Gold Miners ETF (NYSEArca: GDX) had inflows of $136.7 million, making it No. 2 on IndexUniverse’s “Top 10 Creations” list. The No. 3 fund on the list was the Consumer Discretionary Select Sector SPDR Fund (NYSEArca: XLY), which had inflows of $80.3 million.

U.S.-focused equity ETFs had inflows of $342.3 million, while commodities had net outflows of $493.2 million.

Redemptions

Investors pulled $784.6 million from the iShares Russell 2000 Index Fund (NYSEArca: IWM), making it No. 1 on IndexUniverse’s “Top 10 Redemptions” list.

The No. 2 fund on the redemptions list was the SPDR Gold Shares (NYSEArca: GLD) physical bullion ETF, which had outflows of $397.2 million. The No. 3 fund on the list was the Energy Select Sector SPDR Fund (NYSEArca: XLE), which had outflows of $228.7 million.

U.S.-focused fixed-income ETFs had outflows of $73.0 million.

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 1,217.74 103,323.98 1%
GDX Market Vectors Gold Miners 136.70 7,957.66 2%
XLY Consumer Discretionary Select SPDR 80.28 3,197.82 3%
TBT ProShares UltraShort 20+ Year Treasury 67.75 3,793.94 2%
XLI Industrial Select SPDR 64.93 3,221.39 2%
XLK Technology Select SPDR 59.98 9,711.06 1%
ACWV iShares MSCI All Country World Minimum Volatility 53.50 139.10 63%
XRT SPDR S&P Retail 46.12 827.04 6%
IVV iShares S&P 500 42.09 29,664.32 0%
XLU Utilities Select SPDR 34.58 6,359.95 1%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
IWM iShares Russell 2000 -784.63 15,647.37 -5%
GLD SPDR Gold -397.18 67,424.43 -1%
XLE Energy Select SPDR -228.74 7,860.66 -3%
XLF Financial Select SPDR -194.10 7,459.82 -3%
EWZ iShares MSCI Brazil -98.39 9,802.43 -1%
MDY SPDR S&P MidCap 400 -75.18 10,092.02 -1%
USO United States Oil -60.15 1,419.54 -4%
EWW iShares MSCI Mexico Investable Market -54.48 1,137.96 -5%
LQD iShares iBoxx $ Investment Grade Corporate Bond -45.82 19,578.30 -0%
IAU iShares Gold Trust -39.85 9,548.86 -0%

ETF Daily Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 342.34 547,653.63 0.06%
International Equity -40.57 291,191.64 -0.01%
U.S. Fixed Income -73.03 191,455.49 -0.04%
International Fixed Income 33.40 14,502.57 0.23%
Commodities -493.24 113,111.73 -0.44%
Currency -3.72 3,325.49 -0.11%
Leveraged -9.14 13,592.99 -0.07%
Inverse 157.29 21,193.72 0.74%
Asset Allocation 0.05 1,075.95 0.01%
Alternatives -50.11 4,492.64 -1.12%
Total: -136.71 1,201,595.85 -0.01%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1-Day Volume % of Average
IWL iShares Russell Top 200 5,795 46,860 809%
VOX Vanguard Telecommunication Services 33,740 248,358 736%
SRTY ProShares UltraPro Short Russell 2000 1,315,641 6,894,622 524%
ITA iShares Dow Jones U.S. Aerospace & Defense 13,444 60,914 453%
TILT FlexShares Morningstar U.S. Market Factor Tilt Index 9,878 41,750 423%
EWP iShares MSCI Spain 107,764 414,341 384%
EUM ProShares Short MSCI Emerging Markets 156,104 600,051 384%
EWG iShares MSCI Germany 5,878,245 22,159,983 377%
JJA iPath Dow Jones UBS Agriculture Total Return ETN 21,405 80,557 376%
XES SPDR S&P Oil & Gas Equipment & Services 196,055 709,526 362%

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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
CVOL C-Tracks Exchange-Traded Notes on the Citi Volatility 3.24% 25,814 6.69
VIIZ VelocityShares VIX Mid Term ETN 2.19% 4,100 6.93
SGG iPath Dow Jones-UBS Sugar Total Return ETN 1.98% 33,301 39.54
BAL iPath Dow Jones-UBS Cotton Total Return ETN 1.93% 69,436 39.20
LEMB iShares Emerging Markets Local Currency Bond 1.31% 16,479 30.40
VIIX VelocityShares VIX Short Term ETN 1.24% 224,518 37.77
VXX iPath S&P 500 VIX Short-Term Futures ETN 1.20% 61,341,339 2,056.72
GASZ ETRACS Natural Gas Futures Contango ETN 1.20% 1,054 12.18
JYN iPath JPY/USD Exchange Rate ETN 1.18% 1,746 12.81
SOCL Global X Social Media 1.18% 47,036 9.19

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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
CAFE iPath Pure Beta Coffee ETN -5.83% 3,700 1.41
INDA iShares MSCI India -5.14% 1,230 19.46
JO iPath Dow Jones-UBS Coffee Total Return ETN -4.97% 117,882 24.72
INXX EGShares India Infrastructure -4.94% 8,532 60.18
PALL ETFS Physical Palladium -4.69% 175,879 506.45
VXBB ETRACS 2-Month S&P 500 VIX Futures ETN -4.61% 1,496 5.90
SCIF Market Vectors India Small-Cap -4.46% 120,850 54.24
TSXV Global X S&P/TSX Venture 30 Canada -4.46% 1,489 2.64
ALUM Global X Aluminum -4.33% 2,162 3.12
GAZ iPath Dow Jones-UBS Natural Gas Total Return ETN -4.30% 797,014 37.58

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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