Daily ETF Flows: SPY Bleeds $1.01 Billion

June 25, 2012

SPY bled $1.01 billion on Friday, June 22, as net outflows offset market gains, leaving total U.S.-listed ETF assets a touch lower at just shy of $1.158 trillion.

Investors pulled $1.01 billion out of the SPDR S&P 500 ETF (NYSEArca: SPY) on Friday, fueling net outflows on a day when markets took a breather from the sharp sell-off a day before.

Overall, net outflows were $1.27 billion, as total U.S.-listed ETF assets dropped a touch to just under $1.158 trillion from just above that level on Thursday, June 21, according to data compiled by IndexUniverse.

The Dow Jones industrial average rose 67.21 points, or 0.5 percent, to 12,640.78, as some investors swept into the market to buy on the dip after Thursday’s 250-point sell-off. That sharp drop was caused by a slew of weak economic data around the world and expectations of a Moody’s downgrade of 15 major global banks.

The PowerShares S&P 500 Low Volatility Portfolio (NYSEArca: SPLV) was No. 2 on IndexUniverse’s “Top 10 Redemptions” list, bleeding $311.4 million in assets, and pulling it below the $2 billion threshold it had crossed earlier in the week.

Rounding out the top three funds was the Nasdaq-100 focused PowerShares QQQ Trust (NasdaqGM: QQQ), which added $193.3 million. Technology has weathered the selling related largely to eurozone instability relatively well compared to other pockets of the equities universe.

Friday’s most popular ETF was the iShares Russell 2000 Index Fund (NYSEArca: IWM), which pulled in $260 million in fresh assets. The ETF now has $14.66 billion in assets.

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
IWM iShares Russell 2000 259.96 14,658.64 1.81%
IVV iShares S&P 500 227.72 28,980.08 0.79%
TLT iShares Barclays 20+ Year Treasury Bond 225.18 3,915.63 6.10%
VXX iPath S&P 500 VIX Short-Term Futures ETN 112.68 1,813.08 6.63%
VGK Vanguard European 78.68 2,342.56 3.48%
XRT SPDR S&P Retail 72.36 894.40 8.80%
DEM WisdomTree Emerging Markets Equity Income 71.09 3,615.54 2.01%
UCO ProShares Ultra DJ-UBS Crude Oil 49.26 401.47 13.99%
UNG United States Natural Gas 34.60 1,048.35 3.41%
DGS WisdomTree Emerging Markets SmallCap Dividend 34.40 907.30 3.94%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 -1,007.32 101,763.44 -0.98%
SPLV PowerShares S&P 500 Low Volatility -311.42 1,932.16 -13.88%
QQQ PowerShares QQQ -193.34 32,268.68 -0.60%
XLI Industrial Select SPDR -170.23 2,894.88 -5.55%
DIA SPDR Dow Jones Industrial Average Trust -113.53 10,928.77 -1.03%
XLB Materials Select SPDR -107.64 1,924.45 -5.30%
XLE Energy Select SPDR -98.18 6,284.59 -1.54%
XLU Utilities Select SPDR -85.26 6,503.92 -1.29%
SMH Market Vectors Semiconductor -81.32 282.86 -22.33%
GSC GS Connect S&P GSCI Enhanced Commodity Total Return Strategy ETN -73.13 61.78 -54.21%

ETF Daily Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -1,606.19 530,129.24 -0.30%
International Equity 8.00 256,043.36 0.00%
U.S. Fixed Income 169.75 210,472.11 0.08%
International Fixed Income 34.55 16,656.89 0.21%
Commodities -73.13 103,525.02 -0.07%
Currency -19.08 2,928.92 -0.65%
Leveraged 104.44 12,344.40 0.85%
Inverse -9.98 19,498.10 -0.05%
Asset Allocation - 1,878.41 0.00%
Alternatives 125.96 4,249.16 2.96%
Total: -1,265.68 1,157,725.60 -0.11%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1-Day Volume % of Average
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 24,935 474,722 1,903.84%
WDTI WisdomTree Managed Futures Strategy Fund 71,416 1,079,655 1,511.77%
UCI ETRACS CMCI Total Return ETN 38,023 434,388 1,142.44%
GLJ iShares 10+ Year Government/Credit Bond 58,272 659,033 1,130.96%
IHE iShares Dow Jones U.S. Pharmaceuticals 45,873 299,575 653.06%
EQIN Russell Equity Income 10,504 60,000 571.21%
IXJ iShares S&P Global Healthcare 138,469 748,279 540.39%
IHF iShares Dow Jones U.S. Healthcare Providers 50,557 260,342 514.95%
IGV iShares S&P North American Technology-Software 103,019 529,681 514.16%
IGM iShares S&P North American Technology 61,903 311,195 502.71%

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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
VXX iPath S&P 500 VIX Short-Term Futures ETN 11.11% 55,283,067 1,813.08
EEML iShares MSCI Emerging Markets Latin America 4.67% 2,200 4.63
CHIM Global X China Materials 4.46% 1,600 2.26
EWP iShares MSCI Spain 4.31% 662,634 158.65
QCLN First Trust NASDAQ Clean Edge Green Energy 2.89% 2,207 16.24
PBE PowerShares Dynamic Biotech & Genome Portfolio 2.78% 15,940 136.55
EPOL iShares MSCI Poland Investable Market 2.58% 36,532 112.16
XOP SPDR S&P Oil & Gas Exploration & Production 2.56% 5,161,839 814.85
URA Global X Uranium 2.51% 160,656 144.11
BNO United States Brent Oil 2.35% 58,297 41.95

Bottom 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 -12.15% 93,020 8.03
VIIX VelocityShares VIX Short Term ETN -10.48% 916,280 75.47
VIXY ProShares VIX Short-Term -10.31% 1,179,573 149.62
GDXJ Market Vectors Junior Gold Miners -7.73% 3,053,394 2,163.24
VXBB ETRACS 2-Month S&P 500 VIX Futures ETN -6.53% 1,300 5.33
GAZ iPath Dow Jones-UBS Natural Gas Total Return ETN -6.16% 151,303 35.93
VIXM ProShares VIX Mid-term -5.99% 21,923 90.06
VXZ iPath S&P 500 VIX Mid-Term Futures ETN -5.68% 385,117 255.63
TSXV Global X S&P/TSX Venture 30 Canada -5.42% 2,400 1.73
IEZ iShares Dow Jones U.S. Oil Equipment & Services -5.30% 124,888 340.11

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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