Daily ETF Flows: $711 Million Flows Out Of SPY

October 19, 2010

Investors get out of U.S. equities and into international equities.

Investors pulled $711.4 million out of the SPDR S&P 500 ETF (NYSEArca: SPY) on Monday, though in the aggregate, more money went into international equity funds than came out of U.S. equity ETFs, according to data compiled by IndexUniverse.com.

Net flows were negative to the tune of $246.3 million, largely because of redemptions in SPY. However, total assets in U.S. ETFs rose to $941.97 billion due to stock market gains fueled in part by promising earnings from Citigroup.

Investors pulled $235.7 million out of U.S. equity ETFs, while adding $324.0 million to international equity ETFs.

Creations

Inflows were led by the highly liquid small-cap iShares Russell 2000 ETF (NYSEArca: IWM), which collected $234.4 million in new assets.

Other funds that collected assets included the heavily traded SPDR S&P Retail ETF (NYSEArca: XRT) and the Technology Select Sector SPDR (NYSEArca: XLK), which gathered $162.8 million and $106.5 million, respectively.

Noteworthy international inflows included the iShares MSCI Brazil Index Fund (NYSEArca: EWZ), and the iShares MSCI Australia Index Fund (NYSEArca: EWA). The two funds collected $55.3 million and $49.3, respectively.

The Dow Jones industrial average rose 80.91 points to 11,143.69, as Citigroup’s third-quarter earnings beat analysts’ estimates and a gauge of U.S. homebuilder sentiment rose for the first time in five months.

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
IWM iShares Russell 2000 234.36 14,157.74 2%
XRT SPDR S&P Retail 162.83 633.73 35%
XLK Technology Select Sector SPDR 106.51 4,949.35 2%
XME SPDR S&P Metals and Mining 78.98 832.09 10%
EWZ iShares MSCI Brazil 55.33 12,061.57 0%
VB Vanguard Small-Cap 53.08 4,048.28 1%
IDV iShares Dow Jones International Select Dividend 52.71 275.07 24%
EWA iShares MSCI Australia 49.31 2,761.14 2%
UUP PowerShares DB US Dollar Index Bullish 49.08 847.69 6%
XLU Utilities Select Sector SPDR 43.43 4,245.47 1%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 -711.35 82,603.92 -1%
DIA SPDR Dow Jones Industrial Average ETF Trust -144.86 7,738.14 -2%
XLI Industrial Select Sector SPDR -88.76 3,199.42 -3%
KRE SPDR KBW Regional Banking -83.84 529.09 -14%
FAZ Direxion Daily Financial Bear 3x -69.67 1,161.78 -6%
QLD ProShares Ultra QQQ -55.01 764.67 -7%
SDS ProShares UltraShort S&P 500 -49.23 3,033.80 -2%
XLE Energy Select Sector SPDR -47.70 6,786.82 -1%
SSO ProShares Ultra S&P 500 -44.56 1,451.45 -3%
AGG iShares Barclays Aggregate Bond -43.41 12,686.02 0%

ETF Daily Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -235.72 398,661.56 -0.06%
International Equity 323.98 265,554.24 0.12%
U.S. Fixed Income 22.91 137,596.21 0.02%
International Fixed Income 50.96 6,365.60 0.80%
Commodities -7.42 92,428.68 -0.01%
Currency 26.40 4,783.37 0.55%
Leveraged -211.99 11,485.21 -1.85%
Inverse -220.14 20,339.40 -1.08%
Asset Allocation 1.58 468.96 0.34%
Alternatives 3.12 4,284.66 0.07%
Total: -246.31 941,967.90 -0.03%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1-Day Volume % of Average
FDM First Trust Dow Jones Select Micro Cap 35,371 554,709 1568%
CRBQ Jefferies TR/J CRB Global Commodity Equity 19,809 187,259 945%
UCI UBS E-TRACS CMCI Total Return ETN 6,987 60,042 859%
CGW Guggenheim S&P Global Water Index ETF 52,765 351,550 666%
CXA SPDR Barclays Capital California Municipal Bond 20,302 121,029 596%
GSC GS Connect S&P GSCI Enhanced Commodity Total Return Strategy ETN 11,564 65,100 563%
ACWI iShares MSCI ACWI 270,391 1,369,091 506%
PSAU PowerShares Global Gold and Precious Metals Portfolio 12,174 60,256 495%
TAN Guggenheim Solar ETF 602,867 2,500,479 415%
PWV PowerShares Dynamic Large Cap Value Portfolio 93,853 386,242 412%

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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
BAL iPath Dow Jones-UBS Cotton Subindex Total Return ETN 3.77% 66,335 29.19
LD iPath Dow Jones-UBS Lead Subindex Total Return ETN 3.49% 13,494 5.79
EZU iShares MSCI EMU 3.32% 171,254 887.34
FUE ELEMENTS MLCX Biofuels Total Return ETN 2.58% 11,675 2.51
JSC SPDR Russell/Nomura Small Cap Japan 2.48% 7,747 63.89
INP iPath MSCI India ETN 2.33% 577,285 1,170.62
USO United States Oil 2.28% 8,236,634 1,684.04
UGA United States Gasoline , LP 2.27% 19,335 61.34
AXHE iShares MSCI ACWI ex-US Health Care Sector Index Fund 2.27% 2,625 5.70
OIL iPath Dow Jones-UBS Crude Oil Subindex Total Return ETN 2.22% 373,351 631.00

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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
DGT SPDR DJ Global Titans -5.07% 4,830 99.22
VXX iPath S&P 500 VIX Short-Term Futures ETN -2.67% 23,798,511 2,041.74
TWON IndexIQ IQ Taiwan Small Cap -2.09% 1,423 2.77
UNG United States Natural Gas -1.92% 16,915,485 2,459.15
EFN Emerging Global Shares Dow Jones Emerging Markets Financials Titans -1.89% 1,354 10.77
BRAF Global X Brazil Financials -1.80% 21,292 7.28
GEX Market Vectors Global Alternative Energy -1.69% 28,169 146.07
BRF Market Vectors Brazil Small-Cap -1.52% 331,569 1,111.83
GRV Mars Hill Global Relative Value -1.44% 4,700 43.08
EEO Emerging Global Shares Dow Jones Emerging Markets Energy Titans -1.36% 2,087 10.26

Disclaimer: All data as of 6 a.m. Eastern following the day noted in the headline. 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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