Daily ETF Flows: IWM, SPY Lead Creations

October 07, 2011

IWM and SPY led creations on Thursday, Oct. 6, as stocks rallied for the third straight day.

Investors poured $437.4 million into the iShares Russell 2000 Index Fund (NYSEArca: IWM) and $349.7 million into the SPDR S&P 500 ETF (NYSEArca: SPY) yesterday, as stocks rose for the third day in a row on signs eurozone leaders were making progress controlling the region’s debt crisis.

Overall, more than $2 billion flowed into U.S. ETFs, and total assets rose to $987.28 billion from $967.07 billion on Wednesday, Oct. 5, according to data compiled by IndexUniverse. Rising stocks were a big part of the increase in assets.

The Dow Jones industrial average rose 183.38 points on Thursday, or 1.7 percent, to end the session at 11,123.33, as central banks around Europe began to mobilize to inject liquidity into flagging banks around the region.

Rounding out the top three funds on IndexUniverse’s “Top 10 Creations” yesterday was the Energy Select Sector SPDR ETF (NYSEArca: XLE), which pulled in $286.9 million, or 4 percent of its assets.

On a percentage basis, yesterday’s two big winners were the iShares MSCI Hong Kong Index Fund (NYSEArca: EWH) and the SPDR S&P Oil & Gas Exploration & Production ETF (NYSEArca: XOP).

EWH pulled in $131.5 million, or a tenth of its assets, while XOP gathered $112.5 million, or 19 percent of its assets.

Redemptions

Yesterday’s least popular exchange-traded product was the iPath S&P 500 VIX Short-Term Futures ETN (NYSEArca: VXX), which lost $198.8 million in assets, or almost a fifth of its assets.

No. 2 on IndexUniverse’s “Top 10 Redemptions” list was the Vanguard REIT ETF (NYSEArca: VNQ), which suffered outflows of $113.1 million.

Rounding out the top three funds on the redemptions list was the ProShares Short S&P 500 ETF (NYSEArca: SH). It had outflows of $77 million.

Apart from VXX, on a percentage basis, redemptions from the CurrencyShares Swiss Franc ETF (NYSEArca: FXF) stuck out at 9 percent of its assets, or $53.7 million.

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
IWM iShares Russell 2000 437.42 13,384.96 3%
SPY SPDR S&P 500 349.69 81,917.55 0%
XLE Energy Select SPDR 286.93 7,193.13 4%
FXI iShares FTSE/Xinhua China 25 211.54 5,155.04 4%
GDX Market Vectors Gold Miners 154.66 9,237.64 2%
EWH iShares MSCI Hong Kong 131.49 1,466.88 10%
XLI Industrial Select SPDR 129.33 2,639.05 5%
XLV Health Care Select SPDR 126.00 3,608.32 4%
XOP SPDR S&P Oil & Gas Exploration & Production 112.47 715.34 19%
SHY iShares Barclays 1-3 Year Treasury Bond 101.34 9,821.38 1%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
VXX iPath S&P 500 VIX Short-Term Futures ETN -198.78 843.40 -19%
VNQ Vanguard REIT -113.08 8,041.17 -1%
SH ProShares Short S&P 500 -76.99 3,099.62 -2%
SDS ProShares UltraShort S&P 500 -75.19 2,576.17 -3%
VEU Vanguard FTSE All-World ex-US -71.91 5,830.48 -1%
ICF iShares Cohen & Steers Realty Majors -55.69 2,057.42 -3%
EWZ iShares MSCI Brazil -54.79 9,366.42 -1%
FXF CurrencyShares Swiss Franc -53.72 537.16 -9%
QQQ PowerShares QQQ -38.09 22,137.56 0%
EWX SPDR S&P Emerging Markets Small Cap -35.70 805.28 -4%

ETF Daily Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 1,647.43 424,808.79 0.39%
International Equity 324.97 235,465.43 0.14%
U.S. Fixed Income 368.48 160,974.88 0.23%
International Fixed Income -52.50 11,511.23 -0.46%
Commodities -41.86 108,460.19 -0.04%
Currency 49.02 4,684.03 1.05%
Leveraged -42.57 13,109.55 -0.32%
Inverse -23.70 24,214.83 -0.10%
Asset Allocation - 875.01 0.00%
Alternatives -185.20 3,179.90 -5.82%
Total: 2,044.07 987,283.84 0.21%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1-Day Volume % of Average
STPZ PIMCO 1-5 Year U.S. TIPS 185,135 2,228,360 1204%
EQL ALPS Equal Weight 17,814 200,777 1127%
TLH iShares Barclays 10-20 Year Treasury Bond 74,958 542,068 723%
ICI iPath Optimized Currency Carry ETN 49,142 308,208 627%
CFT iShares Barclays Credit Bond 57,441 341,972 595%
ISI iShares S&P 1500 19,595 114,565 585%
ERUS iShares MSCI Russia Capped 91,637 487,694 532%
PWB PowerShares Dynamic Large Cap Growth Portfolio 40,360 206,046 511%
DLN WisdomTree LargeCap Dividend 147,979 719,749 486%
RWR SPDR Dow Jones REIT 296,318 1,427,808 482%

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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
CHIB Global X China Technology 10.00% 3,069 4.81
GWO ELEMENTS Credit Suisse Global Warming ETN 9.17% 2,876 2.64
FLN First Trust Latin America AlphaDex 7.78% 1,173 2.26
IFEU iShares FTSE EPRA/NAREIT Developed Europe 7.67% 1,386 17.26
CCXE WisdomTree Commodity Country Equity 7.62% 12,858 29.08
EIRL iShares MSCI Ireland Capped Investable Market 7.51% 12,375 4.50
CHIE Global X China Energy 7.25% 2,870 4.16
WSTE Global X Waste Management 7.00% 2,000 1.76
MEXS Global X Mexico Small Cap 6.93% 5,526 0.53
ARGT Global X FTSE Argentina 20 6.66% 1,200 3.61

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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
TSXV Global X S&P TSX Venture 30 Canada -7.68% 10,632 2.38
OLEM iPath Pure Beta Crude Oil ETN -6.82% 1,100 4.69
DPU PowerShares DB Commodity Long ETN -4.86% 2,586 6.54
VGEM EGShares Consumer Services GEMS -4.76% 2,300 0.84
FOIL iPath Pure Beta Aluminum ETN -3.94% 1,100 3.68
TZW iShares S&P Target Date 2045 -3.81% 1,565 3.55
ZROZ PIMCO 25+ Year Zero Coupon U.S. Treasury -2.99% 19,340 63.02
FCA First Trust China AlphaDex -2.64% 20,544 1.65
SSDD ETRACS ISE SSD ETN -2.62% 1,300 8.76
EDV Vanguard Extended Duration Treasury -2.22% 72,463 157.01

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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