Daily ETF Flows: SPY Bleeds $952 Million

May 13, 2011

SPY bleeds $952 million on Thursday, May 12, leading total U.S. ETF assets lower.

Investors yanked $952 million out of the SPDR S&P 500 ETF (NYSEArca: SPY) yesterday, the leading edge of broad outflows out of equities. The stock market meanwhile ended higher, pulled up by rising commodities and strength in defensive stocks.

Redemptions from U.S.-listed exchange-traded products were more than $3 billion, lowering all ETP assets to almost $1.105 trillion from $1.111 trillion on Wednesday, according to data compiled by IndexUniverse. The Dow Jones industrial average meanwhile rose 65.89 points to 12,695.92.

The PowerShares QQQ Trust (NasdaqGM: QQQ) of Nasdaq’s 100 biggest companies was yesterday’s second-least-popular ETP, with outflows of more than $650 million.

Also, investors pulled $377 million from SPDR Gold Shares (NYSEArca: GLD), the physical bullion ETF, leaving $57.13 billion in the world’s second-largest ETF. It now has $57.13 billion in assets. Comex gold futures rose $5.50 to 1,506.60 a troy ounce.

Creations

Yesterday’s most popular fund was the small-cap iShares Russell 2000 (NYSEArca: IWM), which gathered more than $97 million, lifting assets to just over $17 billion.

Investors also plowed more than $71 million into the Direxion Daily Energy Bull 3X (NYSEArca: ERX), a 19 percent leap in its assets, which ended yesterday’s session at $445.6 million.

Additionally, the First Trust Mid Cap Core AlphaDEX ETF (NYSEArca: FNX) gathered $49.2, a 21 percent jump in its assets, which stood at $285.9 million.

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
IWM iShares Russell 2000 97.40 17,130.23 1%
ERX Direxion Daily Energy Bull 3x 71.30 445.64 19%
AGQ ProShares Ultra Silver 68.48 1,186.91 6%
BND Vanguard Total Bond Market 64.78 9,724.50 1%
XLV Health Care Select SPDR 54.23 4,447.63 1%
FNX First Trust Mid Cap Core AlphaDEX 49.17 285.90 21%
XLK Technology Select SPDR 45.50 7,595.15 1%
EDC Direxion Daily Emerging Markets Bull 3x 44.82 360.55 14%
IBB iShares Nasdaq Biotechnology 38.33 1,746.79 2%
TLT iShares Barclays 20+ Year Treasury Bond 37.68 3,202.75 1%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 -952.48 94,245.56 -1%
QQQ PowerShares QQQ -650.28 25,375.67 -3%
GLD SPDR Gold -377.48 57,129.43 -1%
XLE Energy Select SPDR -374.75 8,535.61 -4%
XLF Financial Select SPDR -269.66 7,558.42 -3%
XOP SPDR S&P Oil & Gas Exploration & Production -137.77 978.76 -12%
DIA SPDR Dow Jones Industrial Average Trust -126.94 11,246.43 -1%
XME SPDR S&P Metals and Mining -116.03 1,033.71 -10%
XRT SPDR S&P Retail -106.03 614.43 -15%
FXI iShares FTSE/Xinhua China 25 -104.74 7,468.93 -1%

ETF Daily Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -2,519.94 504,817.19 -0.50%
International Equity -358.34 296,196.18 -0.12%
U.S. Fixed Income 158.14 143,599.81 0.11%
International Fixed Income - 9,658.31 0.00%
Commodities -535.65 105,702.61 -0.51%
Currency -11.50 5,217.50 -0.22%
Leveraged 242.37 13,891.02 1.74%
Inverse -37.24 21,348.49 -0.17%
Asset Allocation - 844.62 0.00%
Alternatives 20.53 3,680.59 0.56%
Total: -3,041.62 1,104,956.34 -0.28%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1-Day Volume % of Average
XLG Rydex Russell Top 50 22,023 324,864 1475%
FNX First Trust Mid Cap Core AlphaDEX 127,323 1,456,609 1144%
CSMA Credit Suisse Merger Arbitrage Liquid ETN 28,103 310,377 1104%
USCI United States Commodity 173,731 1,617,220 931%
PGM iPath Dow Jones-UBS Platinum Metals Total Return ETN 14,911 122,686 823%
REZ iShares FTSE NAREIT Residential Plus Capped 32,867 191,405 582%
MDYG SPDR S&P MidCap 400 Growth 5,488 29,552 539%
SCHE Schwab Emerging Markets Equity 214,869 1,108,701 516%
CEW WisdomTree Dreyfus Emerging Currency 410,957 2,037,741 496%
SDY SPDR S&P Dividend 682,486 3,375,197 495%

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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
EPU iShares MSCI All Peru Capped 3.73% 464,768 441.58
TUR iShares MSCI Turkey Investable Market 3.12% 419,946 663.81
SGG iPath Dow Jones-UBS Sugar Total Return ETN 3.05% 29,449 54.85
PMNA PowerShares MENA Frontier Countries Portfolio 2.27% 12,311 25.84
UCI UBS E-TRACS CMCI Total Return ETN 2.15% 19,555 152.96
BDG PowerShares DB Base Metals Long ETN 1.99% 3,825 3.99
AGF PowerShares DB Agriculture Long ETN 1.98% 5,989 11.38
MES Market Vectors Gulf States 1.93% 5,150 24.52
GEX Market Vectors Global Alternative Energy 1.91% 80,064 151.07
JJC iPath Dow Jones-UBS Copper Total Return ETN 1.77% 344,962 201.09

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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
BCM iPath Pure Beta Broad Commodity ETN -5.89% 5,300 5.21
BAL iPath Dow Jones-UBS Cotton Total Return ETN -4.87% 68,438 78.94
CTNN iPath Pure Beta Cotton ETN -4.81% 9,800 5.55
AXMT iShares MSCI ACWI ex-US Materials -4.19% 1,999 6.73
SBV iPath Pure Beta S&P GSCI-Weighted ETN -3.61% 3,800 4.47
CVOL C-Tracks Exchange-Traded Notes on the Citi Volatility -3.37% 4,200 10.91
SIVR ETFS Physical Silver -3.28% 1,797,794 578.61
DBS PowerShares DB Silver -3.16% 852,532 316.86
USV UBS E-TRACS CMCI Silver Total Return ETN -3.16% 6,072 9.05
SLV iShares Silver -3.11% 184,565,038 11,004.66

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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