Weekly ETF Fund Flows: SPY Bleeds $2.21 Billion

June 08, 2012

Investors flee equities in week ended June 7 after disappointing May jobs report.

 

Investors bailed out of U.S. equities in the past week following last Friday’s dismal jobs report, but stocks staged enough of a comeback in subsequent sessions to lift overall ETF assets to $1.142 trillion from $1.137 trillion a week ago.

The SPDR S&P 500 ETF (NYSEArca: SPY) bled $2.21 billion, making up the lion’s share of the $2.67 billion that came out of equity funds in the five trading days ended Thursday, June 7, according to data compiled by IndexUniverse.

Junk bonds continued to get swept up in the concern about global economic growth, with the iShares iBoxx $ High Yield Corporate Bond Fund (NYSEArca: HYG) suffering outflows of $287.1 million.

However much the stock market retraced losses since the U.S. Department of Labor said the U.S. economy created far fewer jobs in May than analysts expected, financial markets remain very much on tenterhooks because of the turmoil in Europe. The market seems resigned to Greece’s exit from the eurozone, though the fates of banks in Spain and Italy are now very much in question.

Bond Funds Popular

Some of that investor anxiety was clearly reflected by the inflows into a number of bond funds.

For example, the Vanguard Short-Term Bond ETF (NYSEArca: BSV) gathered $445.4 million in new assets, the iShares Barclays 20+ Year Treasury Bond Fund (NYSEArca: TLT) pulled in $261.1 million and the Vanguard Total Bond Market ETF (NYSEArca: BND) attracted $259.2 million.

Overall, U.S. fixed-income funds attracted $1.17 billion, though international fixed income suffered outflows of $193.1 million.

The most popular ETF in the past week was the PowerShares QQQ Trust (NasdaqGM: QQQ), which pulled in $1.1 billion.

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
QQQ PowerShares QQQ 1,104.61 30,710.79 3.73%
IWM iShares Russell 2000 912.19 14,464.71 6.73%
VWO Vanguard MSCI Emerging Markets 452.41 48,291.15 0.95%
BSV Vanguard Short-Term Bond 445.44 8,314.59 5.66%
IFGL iShares FTSE EPRA/NAREIT Developed Real Estate ex-US. 378.60 807.32 88.31%
XLE Energy Select SPDR 366.89 6,752.17 5.75%
XLF Financial Select SPDR 354.61 5,861.11 6.44%
TLT iShares Barclays 20+ Year Treasury Bond 261.03 3,980.80 7.02%
BND Vanguard Total Bond Market 259.15 17,233.07 1.53%
AGG iShares Barclays Aggregate Bond 245.26 15,419.24 1.62%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 -2,211.66 94,781.12 -2.28%
VB Vanguard Small-Cap -950.81 3,992.02 -19.24%
VO Vanguard Mid-Cap -525.10 3,487.81 -13.09%
VBK Vanguard Small-Cap Growth -447.70 1,936.22 -18.78%
TIP iShares Barclays TIPS Bond -445.24 23,016.96 -1.90%
VTV Vanguard Value -440.79 5,706.65 -7.17%
VBR Vanguard Small-Cap Value -355.89 1,900.85 -15.77%
VUG Vanguard Growth -352.85 7,133.47 -4.71%
HYG iShares iBoxx $ High Yield Corporate Bond -287.05 13,816.95 -2.04%
EMB iShares JPMorgan USD Emerging Markets Bond -273.72 4,286.59 -6.00%

 

ETF Weekly Daily Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -2,665.11 516,356.57 -0.52%
International Equity 377.85 255,960.12 0.15%
U.S. Fixed Income 1,174.35 206,734.68 0.57%
International Fixed Income -193.06 16,256.56 -1.19%
Commodities 343.03 105,887.50 0.32%
Currency -4.80 3,125.08 -0.15%
Leveraged 117.09 12,500.00 0.94%
Inverse -97.20 19,570.14 -0.50%
Asset Allocation -0.20 1,858.68 -0.01%
Alternatives -63.15 4,063.10 -1.55%
Total: -1,011.21 1,142,312.43 -0.09%

 

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
IFGL iShares FTSE EPRA/NAREIT Developed Real Estate ex-US. 596,140 16,639,877 558.25%
ISI iShares S&P 1500 33,030 673,553 407.84%
EQIN Russell Equity Income 5,440 100,400 369.10%
RXI iShares S&P Global Consumer Discretionary 28,275 488,331 345.41%
TLO SPDR Barclays Capital Long Term Treasury 15,734 268,475 341.27%
SCHR Schwab Intermediate-Term U.S. Treasury 50,750 863,459 340.28%
RCD Guggenheim S&P Equal Weight Consumer Discretionary 12,309 208,970 339.53%
SLYV SPDR S&P SmallCap 600 Value Index 16,204 248,234 306.39%
FXR First Trust Industrials/Producer Durables AlphaDEX 80,730 1,218,986 301.99%
AGOL ETFS Physical Asian Gold 530 7,821 295.28%

 

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
VXAA ETRACS 1-Month S&P 500 VIX Futures ETN 11.10% 2,700 5.28
GGGG Global X PURE Gold Miners 10.50% 103,196 4.36
GDXJ Market Vectors Junior Gold Miners 7.92% 31,853,223 2,244.79
SIL Global X Silver Miners 7.51% 1,348,943 291.62
NIB iPath Dow Jones-UBS Cocoa Total Return ETN 7.05% 83,638 23.88
EWP iShares MSCI Spain 7.02% 5,989,496 154.91
EUFN iShares MSCI-Europe Financials 6.47% 348,383 20.14
SLVP iShares MSCI Global Silver Miners 6.43% 44,390 1.96
GLDX Global X Gold Explorers 6.39% 453,689 30.90
PLTM First Trust ISE Global Platinum 6.18% 46,929 8.57

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
BARL Morgan Stanley S&P 500 Oil Hedged ETN -9.27% 5,200 9.20
EIPO ETRACS Next Generation Internet ETN -8.25% 1,100 5.65
GWO ELEMENTS Credit Suisse Global Warming ETN -7.14% 4,200 2.60
VIXY ProShares VIX Short-Term -6.78% 4,743,911 147.10
VIIX VelocityShares VIX Short Term ETN -6.75% 3,117,207 31.28
VXX iPath S&P 500 VIX Short-Term Futures ETN -6.53% 289,765,088 1,646.70
UNG United States Natural Gas -5.84% 45,671,841 891.77
GREK Global X FTSE Greece 20 -5.75% 138,569 3.61
CVOL C-Tracks Exchange-Traded Notes on the Citi Volatility -5.41% 175,088 10.40
FAA Guggenheim Airline -5.27% 56,168 16.12

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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