SPY bled $715.6 million on Monday, June 25, as falling markets and outflows pulled total U.S.-listed ETF assets down to less than $1.145 trillion.
Investors pulled $715.6 million out of the SPDR S&P 500 ETF (NYSEArca: SPY) yesterday, amid a market sell-off driven by heightened concern that whatever policymakers in Europe and elsewhere try do to control the eurozone’s debt crisis, it isn’t likely to be enough.
The risk aversion was pronounced enough to extend to the most popular pure-beta equity funds on the ETF market, including the PowerShares QQQ Trust (NasdaqGM: QQQ) and the iShares Russell 2000 Index Fund (NYSEArca: IWM), which bled $285.8 million and $186.9 million, respectively.
Overall, $1.65 billion moved out of U.S. equities and, including the market’s drop, total U.S.-listed ETF assets fell about 1 percent to under $1.145 trillion, from $1.158 trillion on Friday, June 22, according to data compiled by IndexUniverse.
The Dow Jones industrial average fell 138.12 points, or 1.1 percent, to 12,502.66 and oil prices fell as well on lowered expectations that policymakers will be able to change the tide quickly to stop Europe’s problems from slowing global growth. U.S. crude futures ended the day at $79.21 a barrel.
Fixed income, as an asset class, pulled in assets yesterday, with U.S. bond funds pulling in $48.7 million and international fixed-income ETFs gathering $63.5 million in new assets.
Ironically, yesterday’s most popular ETF was the Financial Select Sector SPDR Fund (NYSEArca: XLF), which gathered $120.7 million in new assets.
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| XLF | Financial Select SPDR | 120.66 | 6,160.57 | 2.00% |
| XLV | Health Care Select SPDR | 55.43 | 4,432.89 | 1.27% |
| BOND | PIMCO Total Return | 52.84 | 1,588.22 | 3.44% |
| IAU | iShares Gold Trust | 45.87 | 9,168.65 | 0.50% |
| HYG | iShares iBoxx $ High Yield Corporate Bond | 44.69 | 14,406.44 | 0.31% |
| TZA | Direxion Daily Small Cap Bear 3x | 44.23 | 754.16 | 6.23% |
| XOP | SPDR S&P Oil & Gas Exploration & Production | 40.76 | 835.60 | 5.13% |
| VNQ | Vanguard REIT | 37.57 | 12,547.67 | 0.30% |
| JNK | SPDR Barclays Capital High Yield Bond | 31.06 | 10,614.16 | 0.29% |
| XLB | Materials Select SPDR | 28.70 | 1,930.63 | 1.51% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 | -715.64 | 99,438.44 | -0.71% |
| QQQ | PowerShares QQQ | -285.75 | 31,336.43 | -0.90% |
| IWM | iShares Russell 2000 | -186.89 | 14,222.41 | -1.30% |
| XLE | Energy Select SPDR | -173.68 | 5,980.93 | -2.82% |
| XRT | SPDR S&P Retail | -105.17 | 773.16 | -11.97% |
| XLK | Technology Select SPDR | -99.12 | 8,943.06 | -1.10% |
| IYR | iShares Dow Jones U.S. Real Estate | -76.61 | 3,873.53 | -1.94% |
| XLP | Consumer Staples Select SPDR | -67.42 | 5,545.97 | -1.20% |
| VONV | Vanguard Russell 1000 Value | -54.26 | 42.84 | -55.88% |
| FXI | iShares FTSE China 25 | -43.56 | 4,671.08 | -0.92% |
ETF Daily Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | -1,653.11 | 519,855.03 | -0.32% |
| International Equity | -48.08 | 252,209.68 | -0.02% |
| U.S. Fixed Income | 48.68 | 210,872.13 | 0.02% |
| International Fixed Income | 63.46 | 16,691.59 | 0.38% |
| Commodities | 77.55 | 104,015.25 | 0.07% |
| Currency | -6.45 | 2,914.18 | -0.22% |
| Leveraged | -7.91 | 12,030.04 | -0.07% |
| Inverse | 31.64 | 19,766.49 | 0.16% |
| Asset Allocation | 1.28 | 1,849.32 | 0.07% |
| Alternatives | 43.06 | 4,338.98 | 0.99% |
| Total: | -1,449.87 | 1,144,542.69 | -0.13% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| Ticker | Name | Average Volume (30 Day) |
1-Day Volume | % of Average |
| MTK | SPDR Morgan Stanley Technology | 10,166 | 87,631 | 862.00% |
| KOL | Market Vectors Coal | 281,366 | 2,197,637 | 781.06% |
| PAF | PowerShares FTSE RAFI Asia Pacific ex-Japan Portfolio | 6,280 | 38,313 | 610.06% |
| SCHE | Schwab Emerging Markets Equity | 237,184 | 1,358,160 | 572.62% |
| VXUS | Vanguard Total International Stock | 166,023 | 948,344 | 571.21% |
| TOK | iShares MSCI Kokusai | 2,260 | 11,790 | 521.77% |
| FXS | CurrencyShares Swedish Krona | 2,963 | 14,089 | 475.52% |
| BWX | SPDR Barclays Capital International Treasury Bond | 211,902 | 966,995 | 456.34% |
| GLJ | iShares 10+ Year Government/Credit Bond | 68,179 | 297,208 | 435.92% |
| FFR | First Trust FTSE EPRA/NAREIT Developed Markets Real Estate | 28,752 | 117,856 | 409.91% |
Top 10 1-Day Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | 1-Day Performance | 1-Day Volume | AUM ($, mm) |
| EGPT | Market Vectors Egypt | 12.25% | 54,839 | 36.24 |
| CVOL | C-Tracks Exchange-Traded Notes on the Citi Volatility | 9.44% | 19,110 | 8.78 |
| VIXY | ProShares VIX Short-Term | 8.39% | 515,501 | 157.05 |
| VIIX | VelocityShares VIX Short Term ETN | 8.38% | 2,040,053 | 77.39 |
| WEAT | Teucrium Wheat | 8.03% | 15,888 | 2.82 |
| VXX | iPath S&P 500 VIX Short-Term Futures ETN | 7.87% | 38,209,080 | 1,884.11 |
| UAG | ETRACS CMCI Agriculture Total Return ETN | 6.69% | 11,361 | 13.49 |
| GRU | ELEMENTS MLCX Grains - Total Return ETN | 5.97% | 57,565 | 14.51 |
| JJG | iPath Dow Jones UBS Grains Total Return ETN | 5.95% | 180,456 | 159.20 |
| CORN | Teucrium Corn | 5.82% | 129,787 | 53.31 |
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 | -7.41% | 16,010 | 4.85 |
| EWP | iShares MSCI Spain | -4.97% | 611,181 | 151.97 |
| EWI | iShares MSCI Italy | -4.96% | 747,925 | 128.02 |
| FEP | First Trust Europe AlphaDex | -4.25% | 1,300 | 3.05 |
| XSD | SPDR S&P Semiconductor | -3.68% | 26,535 | 36.29 |
| PXJ | PowerShares Dynamic Oil & Gas Services Portfolio | -3.61% | 36,121 | 115.13 |
| PKOL | PowerShares Global Coal Portfolio | -3.60% | 9,028 | 9.10 |
| KBWI | PowerShares KBW Insurance | -3.58% | 2,200 | 1.86 |
| URA | Global X Uranium | -3.54% | 80,458 | 140.34 |
| FEZ | SPDR Euro STOXX 50 | -3.51% | 391,180 | 544.65 |
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.
