ETF Fund Flows Report: Week Ending 2/8/08

February 13, 2008

Investors pulled $4.7 billion out of ETFs in the past week.

In sum, across all 652 U.S. ETFs on the market, there was a net $4.7 billion in redemption activity last week. All told, there were 160 ETFs with net creation activity and 105 ETFs with net redemption activity.

These numbers do not include ETFs listed in the past week.

Largest Net Creations

For the second week running, net creation activity in the ETF space was low last week. The iShares Dow Jones US Transportation ETF (IYT) led all ETFs with nearly $350 million in creation activity, more than tripling the amount of assets on that fund. The iShares FTSE/Xinhua China 25 ETF (FXI) reversed a few weeks of net redemptions by adding $231 million in assets, while the PowerShares DB Agriculture ETF (DBA) scored an additional $167 billion.

Scanning down the list, five UltraShort ProShares ETFs make the list, suggesting that investors are still aggressively betting against the market.

Top 20 ETFs By Creation Activity - Week Ending February 8, 2008

Fund

Ticker

Creation Shares

Dollar Value

iShares DJ US Transportation

IYT

4,100,000

$349,197,000

iShares FTSE/Xinhua China 25

FXI

1,600,000

$230,976,000

PowerShares DB Agriculture

DBA

4,400,000

$166,980,000

ProShares UltraShort S&P 500

SDS

2,550,000

$163,863,000

Semiconductor HOLDRS

SMH

5,615,801

$158,477,904

iShares Russell 1000 Growth

IWF

2,800,000

$153,104,000

iShares MSCI-Emerging Markets

EEM

1,050,000

$139,051,500

iShares Russell 1000

IWB

1,800,000

$131,364,000

ProShares UltraShort Real Estate

SRS

1,200,000

$127,104,000

ProShares UltraShort Financials

SKF

1,125,000

$117,348,750

ProShares UltraShort Russell 2000

TWM

1,275,000

$104,269,500

ProShares UltraShort QQQ

QID

1,950,000

$103,135,500

iShares S&P Global Utilities Sector Index

JXI

1,500,000

$94,695,000

iShares MSCI-EMU

EZU

900,000

$91,179,000

iShares MSCI-Italy

EWI

2,850,000

$81,567,000

iShares S&P Global Consumer Staples Sector

KXI

1,400,000

$80,136,000

iShares Lehman Aggregate Bond

AGG

700,000

$71,442,000

iShares Dow Jones U.S. Regional Banks

IAT

1,800,000

$70,848,000

Vanguard Total Bond Market

BND

800,000

$61,912,000

PowerShares DB Commodity Index

DBC

1,800,000

$58,140,000

 

Largest Net Redemptions

On the flip side, there were heavy redemptions again in the S&P 500 SPDR ($2.9 billion) and iShares Russell 2000 ($1.5 billion) ETFs. The Select Sector SPDRs also saw heavy redemptions last week, with the Financials, Energy, Materials and Industrials ETFs all making the list.

Energy funds are highlighted this week on the redemption end, with large redemptions in the Select Sector SPDR - Energy ETF (XLE), the U.S. Oil Fund (USO) and the Oil Services HOLDRS (OIH) funds.

Top 20 ETFs By Redemption Activity - Week Ending February 8, 2008

Fund

Ticker

Creation Shares

Dollar Value

S&P 500 SPDR

SPY

(21,424,120)

 ($2,865,476,050)

iShares Russell 2000

IWM

(22,100,000)

 ($1,547,000,000)

Select Sector SPDR-Financial

XLF

(19,550,000)

($540,753,000)

S&P 400 MidCap SPDR

MDY

(3,099,000)

($446,410,950)

Select Sector SPDR-Energy

XLE

(5,800,000)

($397,358,000)

United States Oil Fund

USO

(4,500,000)

($314,640,000)

PowerShares QQQ

QQQQ

(6,250,000)

($272,625,000)

Select Sector SPDR-Materials

XLB

(6,350,000)

($247,142,000)

iShares DJ US Real Estate

IYR

(3,050,000)

($199,561,500)

iShares S&P 100

OEF

(3,200,000)

($198,720,000)

Select Sector SPDR-Industrial

XLI

(5,050,000)

($183,870,500)

iShares Dow Jones U.S. Broker-Dealers

IAI

(3,700,000)

($166,870,000)

iShares Russell 1000 Value

IWD

(1,950,000)

($146,230,500)

Oil Services HOLDRS

OIH

(798,000)

($127,185,240)

iShares MSCI-EAFE

EFA

(1,800,000)

($123,984,000)

iShares Lehman 20+ Year Treasury Bond

TLT

(1,300,000)

($120,588,000)

KBW Regional Banking

KRE

(2,300,000)

($86,549,000)

iShares Lehman 1-3 Year Treasury Bond

SHY

(900,000)

($75,186,000)

iShares Russell 2000 Growth

IWO

(1,000,000)

($74,650,000)

ProShares Ultra S&P500

SSO

(825,000)

($56,413,500)

Data from the American Stock Exchange.

 

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