US Equity ETFs Lose $5.6B For Week

May 09, 2014

Investors filed out of U.S. equity ETFs last week as falling markets pulled total U.S.-listed ETF assets lower to $1.755 trillion.

Investors took a net of $2.62 billion out of flows for the week ended Thursday, May 8, with U.S. equities losing $5.6 billion. The amount in total U.S.-listed ETFs decreased to $1.755 trillion, as falling markets, spurred on by weak economic data out of China and escalating tensions in Ukraine, added to the outflows.

International equity funds saw $1.7 billion of inflows. On the fixed-income front, U.S.-focused funds had inflows of $908.9 million, while $30.5 million flowed out of international funds.

The S&P 500 Index edged lower more than 8 points, or less than 1 percent, from the previous week to close at 1,875.63.

The most popular fund last week was a fixed-income strategy, the ProShares Ultra 7-10 Year Treasury ETF (UST), which pulled in $566.9 million, bringing its total assets up to $599.8 million, a 1,720 percent increase in assets under management that reflects tactical shifts related to a surge in dovishness surrounding the interest rate outlook.

The SPDR S&P 500 ETF (SPY | A-97) led all ETF outflows, with redemptions of $2.8 billion, lowering its total assets to $155.2 billion.

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
UST ProShares Ultra 7-10 Year Treasury 566.86 599.80 1,720.62%
TLT iShares 20+ Year Treasury Bond 459.20 4,263.01 12.07%
IVV iShares Core S&P 500 349.41 56,598.80 0.62%
IYR iShares U.S. Real Estate 339.35 4,827.85 7.56%
VGK Vanguard FTSE Europe 331.44 16,748.88 2.02%
IEF iShares 7-10 Year Treasury Bond 307.86 6,520.06 4.96%
XLE Energy Select SPDR 253.60 11,040.96 2.35%
VXX iPath S&P 500 VIX Short-Term Futures ETN 179.60 1,286.58 16.22%
LQD iShares iBoxx $ Investment Grade Corporate Bond 177.47 17,353.04 1.03%
IEV iShares Europe 168.56 3,529.40 5.02%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 -2,802.89 155,170.07 -1.77%
IWM iShares Russell 2000 -2,207.82 23,586.48 -8.56%
QQQ PowerShares QQQ -1,229.65 39,235.55 -3.04%
UWM ProShares Ultra Russell 2000 -671.35 949.91 -41.41%
XLF Financial Select SPDR -461.82 17,820.11 -2.53%
DIA SPDR Dow Jones Industrial Average Trust -328.92 11,209.08 -2.85%
HYG iShares iBoxx $ High Yield Corporate Bond -234.80 12,905.03 -1.79%
XLU Utilities Select SPDR -233.39 6,184.85 -3.64%
CSJ iShares 1-3 Year Credit Bond -221.34 12,985.82 -1.68%
MINT PIMCO Enhanced Short Maturity Strategy -177.49 3,923.07 -4.33%

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -5,572.50 940,147.96 -0.59%
International Equity 1,741.45 424,854.31 0.41%
U.S. Fixed Income 908.89 250,016.35 0.36%
International Fixed Income -30.54 22,893.41 -0.13%
Commodities 86.60 65,998.20 0.13%
Currency -1.43 1,759.33 -0.08%
Leveraged 4.89 21,598.40 0.02%
Inverse 60.67 20,546.09 0.30%
Asset Allocation 53.58 4,504.05 1.19%
Alternatives 128.93 3,210.24 4.02%
Total: -2,619.46 1,755,528.36 -0.15%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
EUSA iShares MSCI USA 81,089 2,250,138 554.98%
EMLP First Trust North American Energy Infrastructure 373,385 8,134,177 435.70%
ESR iShares MSCI Emerging Markets Eastern Europe 27,498 566,266 411.86%
DBV PowerShares DB G10 Currency Harvest 294,495 6,043,622 410.44%
URTH iShares MSCI World 7,324 123,592 337.51%
STIP iShares 0-5 Year TIPS Bond 30,376 508,298 334.67%
CLY iShares 10+ Year Credit Bond 89,909 1,477,045 328.56%
INKM SPDR SSgA Income Allocation 22,720 349,819 307.95%
GUR SPDR S&P Emerging Europe 23,147 346,228 299.16%
BNDX Vanguard Total International Bond 327,756 4,800,993 292.96%

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
JJN iPath Dow Jones-UBS Nickel Total Return ETN 6.48% 238,140 12.72
NINI iPath Pure Beta Nickel ETN 6.45% 27,547 7.94
FLN First Trust Latin America AlphaDex 6.32% 22,767 7.20
ERUS iShares MSCI Russia Capped 6.29% 1,196,543 250.65
RBL SPDR S&P Russia 6.01% 170,616 22.26
RSX Market Vectors Russia 5.84% 51,236,548 1,414.32
DPU PowerShares DB Commodity Long ETN 4.77% 4,839 2.18
BRAZ Global X Brazil Mid Cap 4.77% 45,749 10.05
GAF SPDR S&P Emerging Middle East & Africa 4.71% 13,060 65.97
BRAQ Global X Brazil Consumer 4.54% 12,832 15.44

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
PBW PowerShares WilderHill Clean Energy -8.35% 7,325,795 202.37
KWT Market Vectors Solar Energy -7.78% 27,745 26.30
TAN Guggenheim Solar -7.69% 1,805,694 425.17
CVOL C-Tracks Citi Volatility ETN -6.50% 244,704 9.20
KWEB KraneShares CSI China Internet -6.42% 269,106 63.49
SOCL Global X Social Media -6.36% 1,443,134 121.13
VNM Market Vectors Vietnam -6.11% 2,989,462 458.19
QCLN First Trust NASDAQ Clean Edge Green Energy -5.97% 620,264 164.28
PNQI PowerShares NASDAQ Internet -5.86% 331,044 280.49
URA Global X Uranium -5.73% 1,494,324 212.49

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
JO iPath Dow Jones-UBS Coffee Total Return ETN 77.28 -5.08 104.39
CAFE iPath Pure Beta Coffee ETN 71.13 -4.38 8.05
BOS PowerShares DB Base Metals Short ETN 53.16 0.82 1.86
DRN Direxion Daily Real Estate Bull 3x 50.92 3.61 105.91
DDP PowerShares DB Commodity Short ETN 49.16 2.50 3.42
JJN iPath Dow Jones-UBS Nickel Total Return ETN 41.38 6.48 12.72
AGF PowerShares DB Agriculture Long ETN 38.05 -2.57 3.66
NINI iPath Pure Beta Nickel ETN 37.90 6.45 7.94
GASL Direxion Daily Natural Gas Related Bull 3X Shares 36.09 -4.21 16.09
TMF Direxion Daily 20 Year Plus Treasury Bull 3x 33.69 -0.73 40.77

Bottom 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
DGAZ VelocityShares 3X Inverse Natural Gas ETN -65.50 8.16 457.84
JDST Direxion Daily Junior Gold Miners Bear 3X -61.57 2.23 27.07
RUSL Direxion Daily Russia Bull 3X -50.16 17.94 73.29
DUST Direxion Daily Gold Miners Bear 3X -44.61 -0.33 174.82
KOLD ProShares UltraShort DJ- UBS Natural Gas -42.91 5.72 70.90
DRV Direxion Daily Real Estate Bear 3x -37.48 -3.82 10.45
GASX Direxion Daily Natural Gas Related Bear 3X Shares -36.63 3.27 10.62
BRZS Direxion Daily Brazil Bear 3x -33.58 -12.80 3.37
EMSA iPath Short Enhanced MSCI Emerging Markets ETN -32.70 0.00 4.69
CVOL C-Tracks Citi Volatility ETN -32.35 -6.50 9.20

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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