Daily ETF Flows: SPY Leads, GLD Bleeds

August 23, 2011

SPY pulled in $2.1 billion on Monday, Aug. 22, as bargain hunters bid up stocks.

Bargain-seeking investors plowed about $2.1 billion into the SPDR S&P 500 ETF (NYSEArca: SPY) on Monday, while pulling almost $384 million out of the SPDR Gold Shares (NYSEArca: GLD), as a slight appetite for risk returned to global stock markets.

Overall, $1.35 billion flowed into U.S.-listed ETFs, raising assets to about $1 trillion from $998.7 billion last Friday, according to data compiled by IndexUniverse. The Dow Jones industrial average added 37 points, or 0.3 percent, to 10,845.65 fueled by cautious bargain hunting after the average has fallen by about 10 percent in August.

Trading was far from fully risk-on, however, as creations in the iShares Silver Trust (NYSEArca: SLV) and the Market Vectors Gold Miners ETF (NYSEArca: GDX) made clear. SLV pulled in $186.4 million, while GDX added $127.3 million in new assets.

The relative safety of bonds also remained in focus, with the iShares iBoxx $ Investment Grade Corporate Bond Fund (NYSEArca: LQD) adding almost $226 million in new assets.

A few materials-related ETFs also came back into favor, including the iShares MSCI Australia Index Fund (NYSEArca: EWA) and the Materials Select Sector SPDR ETF (NYSEArca: XLB).  EWA added $67 million and XLB gathered $65.6 million.

Redemptions

Apart from GLD, a broad swath of equities and commodities funds lost assets yesterday to redemptions.

The iShares Russell 2000 Index Fund (NYSEArca: IWM) suffered outflows of $355 million, leaving about $10.4 billion in assets.

On a percentage basis, the SPDR S&P Oil & Gas Exploration & Production ETF (NYSEArca: XOP) led redemptions, with outflows of $162.7 million, or nearly a third of its total assets. It ended Monday a nearly $526 million fund.

The Vanguard S&P 500 ETF (NYSEArca: VOO) meanwhile lost about 7 percent to redemptions, or about $100 million. The fund ended yesterday’s session with $1.24 billion in assets.

The futures-based United States Oil Fund (NYSEArca: USO) suffered redemptions of $95 million, or 6 percent of its assets. It now has $1.39 billion in assets.

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 2,113.39 76,513.95 3%
DIA SPDR Dow Jones Industrial Average Trust 276.20 9,232.90 3%
LQD iShares iBoxx $ Investment Grade Corporate Bond 225.92 14,718.92 2%
SLV iShares Silver 186.38 13,832.66 1%
GDX Market Vectors Gold Miners 127.34 9,156.11 1%
IVV iShares S&P 500 84.82 24,095.59 0%
XLP Consumer Staples Select SPDR 77.01 4,763.64 2%
EWA iShares MSCI Australia 67.01 2,836.60 2%
XLB Materials Select SPDR 65.56 1,675.06 4%
XLK Technology Select SPDR 63.41 6,167.05 1%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
GLD SPDR Gold -383.90 77,511.61 0%
IWM iShares Russell 2000 -355.02 10,422.50 -3%
VO Vanguard Mid-Cap -182.42 2,912.76 -6%
XOP SPDR S&P Oil & Gas Exploration & Production -162.72 525.91 -24%
VTI Vanguard Total Stock Market -137.93 17,175.01 -1%
XLF Financial Select SPDR -129.33 4,228.95 -3%
VOO Vanguard S&P 500 -100.46 1,240.44 -7%
USO United States Oil -95.06 1,386.60 -6%
TIP iShares Barclays TIPS Bond -81.32 21,340.36 0%
RSX Market Vectors Russia -80.64 2,287.51 -3%

ETF Daily Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 1,346.50 406,457.27 0.33%
International Equity 50.62 252,001.12 0.02%
U.S. Fixed Income 155.15 153,232.50 0.10%
International Fixed Income 81.69 12,418.70 0.66%
Commodities -223.23 131,059.21 -0.17%
Currency 20.99 5,869.12 0.36%
Leveraged 141.41 13,174.45 1.07%
Inverse -228.68 22,398.25 -1.02%
Asset Allocation - 829.29 0.00%
Alternatives 3.50 3,391.77 0.10%
Total: 1,347.95 1,000,831.69 0.13%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1-Day Volume % of Average
TOK iShares MSCI Kokusai 64,707 306,327 473%
DOO WisdomTree International Dividend ex-Financials 95,816 438,380 458%
SCHR Schwab Intermediate-Term U.S. Treasury 24,066 73,481 305%
MINT PIMCO Enhanced Short Maturity Strategy 181,641 552,037 304%
VPU Vanguard Utilities 89,879 272,770 303%
SPLV PowerShares S&P 500 Low Volatility 356,768 1,067,299 299%
HDGE Active Bear 175,787 512,504 292%
DOL WisdomTree International LargeCap Dividend 27,112 77,898 287%
RYT Rydex S&P Equal Weight Technology 18,429 51,208 278%
PPLT ETFS Physical Platinum 78,832 217,662 276%

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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
VIIZ VelocityShares VIX Mid Term ETN 15.46% 3,608 4.39
CNTR Russell Contrarian 6.91% 1,300 3.85
SIL Global X Silver Miners 5.72% 756,106 472.65
GGEM EGShares Consumer Goods GEMS 5.32% 15,828 2.03
GGGG Global X PURE Gold Miners 4.72% 10,255 4.02
GDXJ Market Vectors Junior Gold Miners 4.15% 4,679,151 2,585.66
GDX Market Vectors Gold Miners 3.98% 21,895,008 9,156.11
PSAU PowerShares Global Gold and Precious Metals Portfolio 3.85% 41,452 67.38
SCIN EGShares Indxx India Small Cap 3.43% 37,841 27.68
PGM iPath Dow Jones-UBS Platinum Metals Total Return ETN 3.43% 12,342 56.33

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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
HKK IQ Hong Kong Small Cap -9.38% 1,200 1.57
AXID iShares MSCI ACWI ex-US Industrials -7.05% 1,100 5.05
FCA First Trust China AlphaDex -6.68% 8,600 2.27
IVO iPath Inverse January 2021 S&P 500 VIX Short-Term Futures ETN -5.98% 1,786,145 37.69
FNK First Trust Mid Cap Value AlphaDEX -5.90% 4,352 1.61
VROM Global X Auto -5.74% 13,186 4.69
AADR WCM/BNY Mellon Focused Growth ADR -5.62% 1,151 7.59
EMVX Global X Russell Emerging Markets Value -5.16% 1,715 2.12
BSC ELEMENTS Benjamin Graham Small Cap Value - Total Return ETN -4.64% 1,140 1.39
FWDD Madrona Forward Domestic -4.40% 5,560 13.78

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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