Daily ETF Flows: SPY Loses $715.6 Million

June 26, 2012

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.

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