Daily ETF Flows: SPY Pulls In $2.42 Billion

September 01, 2011

SPY gathered $2.42 billion on Wednesday, Aug. 31, as hopes for Fed help boosted stocks.

Investors plowed $2.42 billion into the SPDR S&P 500 ETF (NYSEArca: SPY) yesterday, as stocks rose on  hopes the Federal Reserve might again provide help in spurring growth by launching another round of bond buying called “quantitative easing.”

Overall, investors poured $2.6 billion into U.S.-listed ETFs Wednesday, and total assets rose to more than $1.064 trillion from $1.055 trillion on Tuesday, according to according to data compiled by IndexUniverse.

The Dow Jones industrial average rose 53.58 points to 11,613.53, on the hopes the Fed’s next policy meeting in September would end with the announcement of “QE3,” a third round of quantitative easing that keeps bond yields lower, theoretically spurring borrowing. That said, the central bank remains very divided on how to best provide the economy with support.

The No. 2 ETF on IndexUniverse’s “Top 10 Creations” list was the PowerShares QQQ Trust (NasdaqGM: QQQ), which gathered $302.9 million, lifting its assets to $22.18 billion.

In the No. 3 slot was the iPath S&P 500 VIX Short-Term Futures ETN (NYSEArca: VXX), which gathered $130.2 million in fresh assets. That amounted to 16 percent of its assets, and the ETN ended Wednesday’s session with $945.4 million.

A number of bond funds also made the top creations list, beginning with the SPDR Barclays Capital 1-3 Month T-Bill ETF (NYSEArca: BIL). It collected $114.6 million in new assets.

Also, the iShares Barclays Aggregate Bond Fund (NYSEArca: AGG) pulled in $76.5 million, bringing total assets in the ETF to $12.67 billion.

Finally, the SPDR Barclays Capital High Yield Bond ETF (NYSEArca: JNK) and the iShares Barclays 3-7 Year Treasury Bond Fund (NYSEArca: IEI) attracted $76.5 million and $72.8 million, respectively.

Redemptions

Yesterday’s least popular fund was the iShares Russell 2000 Index Fund (NYSEArca: IWM). The widely traded fund suffered redemptions of $545.3 million, leaving assets of $13.45 billion.

In the No. 2 slot on IndexUniverse’s “Top 10 Redemptions” slot was the iShares Barclays TIPS Fund (NYSEArca: TIP), which suffered outflows of $160.3 million, leaving $20.66 billion in assets.

Other bond funds on the redemptions list were the iShares Barclays 20+ Year Treasury Bond Fund (NYSEArca: TLT) and the iShares Barclays 1-3 Year Treasury Bond Fund (NYSEArca: SHY), which had outflows of $96.7 million and $67.8 million, respectively.

On a percentage basis, the Rydex CurrencyShares Euro ETF (NYSEArca: FXE) lost 22 percent of its assets to redemptions yesterday. The fund had outflows of $71.7 million, leaving almost $251 million.

Also, the Rydex CurrencyShares Swiss Franc ETF (NYSEArca: FXF) suffered outflows of $55.2 million, leaving $944.2 million in assets.

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 2,421.62 91,823.65 3%
QQQ PowerShares QQQ 302.87 22,183.58 1%
VXX iPath S&P 500 VIX Short-Term Futures ETN 130.17 945.41 16%
BIL SPDR Barclays Capital 1-3 Month T-Bill 114.62 3,131.47 4%
SDS ProShares UltraShort S&P 500 97.96 2,384.87 4%
AGG iShares Barclays Aggregate Bond 76.50 12,665.91 1%
JNK SPDR Barclays Capital High Yield Bond 76.45 6,628.78 1%
IEI iShares Barclays 3-7 Year Treasury Bond 72.81 2,099.28 4%
DIA SPDR Dow Jones Industrial Average Trust 63.79 9,649.04 1%
XLU Utilities Select SPDR 55.95 6,006.05 1%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
IWM iShares Russell 2000 -545.28 13,450.15 -4%
TIP iShares Barclays TIPS Bond -160.32 20,657.95 -1%
XLY Consumer Discretionary Select SPDR -131.52 2,076.21 -6%
TLT iShares Barclays 20+ Year Treasury Bond -96.74 2,730.19 -3%
FXE CurrencyShares Euro -71.71 250.98 -22%
SHY iShares Barclays 1-3 Year Treasury Bond -67.76 9,037.05 -1%
XLV Health Care Select SPDR -66.81 3,395.98 -2%
XLI Industrial Select SPDR -61.59 3,077.01 -2%
XRT SPDR S&P Retail -59.52 545.59 -10%
FXF CurrencyShares Swiss Franc -55.18 944.23 -6%

ETF Daily Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 2,076.08 457,675.19 0.45%
International Equity 111.81 268,090.29 0.04%
U.S. Fixed Income 79.85 154,960.13 0.05%
International Fixed Income 61.09 12,712.56 0.48%
Commodities -17.21 124,590.27 -0.01%
Currency -108.14 5,769.82 -1.87%
Leveraged 19.26 14,653.45 0.13%
Inverse 253.33 21,831.67 1.16%
Asset Allocation -1.61 888.03 -0.18%
Alternatives 129.98 3,086.61 4.21%
Total: 2,604.43 1,064,258.00 0.24%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1-Day Volume % of Average
GRES IQ Global Resources 24,839 336,590 1355%
PTH PowerShares Dynamic Healthcare Portfolio 45,210 586,451 1297%
RYH Rydex S&P Equal Weight Health Care 45,774 302,685 661%
FDM First Trust Dow Jones Select Micro Cap 89,692 420,458 469%
PWV PowerShares Dynamic Large Cap Value Portfolio 181,167 731,676 404%
FDL First Trust Morningstar Dividend Leaders 171,596 666,113 388%
DHS WisdomTree Equity Income 91,778 348,410 380%
IDU iShares Dow Jones U.S. Utilities 80,590 278,839 346%
IGOV iShares S&P/Citigroup International Treasury Bond 17,189 57,289 333%
IEI iShares Barclays 3-7 Year Treasury Bond 284,669 821,666 289%

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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
FKO First Trust South Korea AlphaDex 8.46% 5,444 1.40
AXEN iShares MSCI ACWI ex-US Energy 8.03% 1,690 5.72
SHVY Russell 2000 High Volatility 7.06% 2,000 16.43
FGEM EGShares Financials GEMS 5.02% 3,304 6.19
SHMO Russell 2000 High Momentum 3.98% 1,100 9.11
EWW iShares MSCI Mexico Investable Market 3.80% 5,081,631 1,243.65
UNG United States Natural Gas 3.76% 12,086,810 1,547.17
EMVX Global X Russell Emerging Markets Value 3.61% 1,208 2.27
CHII Global X China Industrials 3.32% 3,296 4.86
FBZ First Trust Brazil AlphaDex 3.24% 3,237 8.08

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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
DCNG iPath Pure Beta Seasonal Natural Gas ETN -2.88% 1,117 5.12
EDV Vanguard Extended Duration Treasury -2.62% 8,384 120.10
KWT Market Vectors Solar Energy -2.41% 245,355 19.05
TTH Telecom HOLDRS -2.34% 33,600 127.87
FAD First Trust Multi Cap Growth AlphaDEX -2.27% 22,414 36.91
ZROZ PIMCO 25+ Year Zero Coupon U.S. Treasury -2.19% 4,092 106.66
BHH B2B Internet HOLDRS -2.08% 96,300 13.28
FUE ELEMENTS MLCX Biofuels Total Return ETN -1.97% 104,719 18.50
EIPO UBS E-TRACS Internet IPO ETN -1.90% 20,000 7.23
PSI PowerShares Dynamic Semiconductors Portfolio -1.57% 3,210 22.10

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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