Big Weekly Outflows From QQQ, HEDJ, XOP, USO

etf.com Staff

Apr 22, 2016

Reviewed by: etf.com Staff

Edited by: etf.com Staff

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Inflows into U.S.-listed ETFs were only modest this week, as the rally in stocks stalled with the S&P 500 around the 2,100 mark. In the week ending Thursday, April 21, total inflows were $1.1 billion.

Outflows of $913 million from U.S. equity ETFs were offset by inflows of $369 million into international equity ETFs and inflows of $1.4 billion into U.S. fixed-income ETFs.

VOO Tops Inflows

Amidst the lackluster interest in ETFs this week, not a single product registered an inflow greater than $400 million. The Vanguard S&P 500 (VOO | A-98) gained $365 million, while the iPath S&P 500 VIX Short-Term Futures ETN (VXX | B-47) added $317 million.

Also in favor were the iShares MSCI USA Minimum Volatility ETF (USMV | A-73), with inflows of $262 million, and the iShares U.S. Preferred Stock ETF (PFF | B), with inflows of $231 million.

SPY & QQQ Top Outflows

On the outflows side, the SPDR S&P 500 ETF (SPY | A-98) was the biggest loser, with $1.4 billion coming out of the fund. That was closely followed by $1.2 billion in outflows for the PowerShares QQQ (QQQ | A-65).

Other notable names on the outflows list included the WisdomTree Europe Hedged Equity ETF (HEDJ | B-47), the SPDR S&P Oil & Gas Exploration & Production ETF (XOP | A-66) and the United States Oil Fund (USO | B-100).

Top 10 Creations (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
VOO	Vanguard S&P 500	364.70	44,858.04	0.82%
VXX	iPath S&P 500 VIX Short-Term Futures ETN	317.33	1,509.08	26.63%
XLI	Industrial Select SPDR	311.92	7,154.39	4.56%
AGG	iShares Core U.S. Aggregate Bond	287.99	35,216.38	0.82%
IWB	iShares Russell 1000	273.57	15,302.68	1.82%
USMV	iShares MSCI USA Minimum Volatility	261.60	12,309.22	2.17%
IEMG	iShares Core MSCI Emerging Markets	255.13	10,899.70	2.40%
PFF	iShares U.S. Preferred Stock	230.86	14,901.00	1.57%
VEA	Vanguard FTSE Developed Markets	224.46	32,436.62	0.70%
LQD	iShares iBoxx $ Investment Grade Corporate Bond	214.22	28,386.14	0.76%

Top 10 Redemptions (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
SPY	SPDR S&P 500	-1,382.84	187,808.06	-0.73%
QQQ	PowerShares QQQ	-1,184.76	37,967.95	-3.03%
IWM	iShares Russell 2000	-414.22	25,917.04	-1.57%
XLU	Utilities Select SPDR	-299.55	7,825.59	-3.69%
EWJ	iShares MSCI Japan	-255.24	17,038.39	-1.48%
HEDJ	WisdomTree Europe Hedged Equity	-237.78	13,746.49	-1.70%
VXF	Vanguard Extended Market	-202.17	3,935.51	-4.89%
IYR	iShares U.S. Real Estate	-198.22	4,129.40	-4.58%
XOP	SPDR S&P Oil & Gas Exploration & Production	-189.01	1,897.62	-9.06%
USO	United States Oil	-183.50	3,591.88	-4.86%

ETF Weekly Flows By Asset Class

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	-912.70	1,222,658.99	-0.07%
International Equity	368.58	488,459.27	0.08%
U.S. Fixed Income	1,394.89	368,834.70	0.38%
International Fixed Income	111.04	31,803.32	0.35%
Commodities	-174.35	61,037.09	-0.29%
Currency	-39.92	1,305.63	-3.06%
Leveraged	-398.45	24,257.12	-1.64%
Inverse	416.43	19,684.00	2.12%
Asset Allocation	12.72	5,689.27	0.22%
Alternatives	339.25	3,804.17	8.92%
Total:	1,117.48	2,227,533.56	0.05%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker	Name	Average Volume (30 Day)	1 Week Average Volume	% of Average
FDT	First Trust Developed Markets Ex-U.S. AlphaDex	68,908	320,497	465.11%
PSCI	PowerShares S&P SmallCap Industrials	7,265	26,665	367.05%
SST	SPDR Barclays Short Term Treasury	55,707	184,431	331.07%
QDF	FlexShares Quality Dividend	136,329	428,748	314.50%
FMAT	Fidelity MSCI Materials	44,484	117,740	264.68%
PXE	PowerShares Dynamic Energy Exploration & Production	21,210	51,644	243.49%
USLB	PowerShares Russell 1000 Low Beta Equal Weight	10,627	20,396	191.92%
LRGF	iShares FactorSelect MSCI USA	25,344	54,219	213.93%
IDLB	PowerShares FTSE International Low Beta Equal Weight	10,971	20,770	189.32%
IQDE	FlexShares International Quality Dividend Defensive	11,475	27,734	241.69%

Disclaimer: All data is from FactSet, 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.

etf.com Staff

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Big Weekly Outflows From QQQ, HEDJ, XOP, USO

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