Heavy Outflows From US ETFs; Int'l ETFs Gain

September 25, 2015

U.S. equity ETFs were big losers in the week ending Thursday, Sept. 24. The segment saw $6.8 billion in outflows, helping push overall ETF flows into the negative to the tune of $3.6 billion. On the other hand, international equity ETFs were big winners, garnering $2.1 billion in inflows from investors.

Fixed-income and leveraged funds also saw interest. U.S. and international fixed-income products gained nearly $900 million in assets combined, while leveraged ETFs gained $65 million.

In terms of individual ETFs, the iShares MSCI Emerging Markets (EEM | B-100) took the top spot, with inflows of $664 million despite continued jitters about the health of the developing-world economies. The iShares MSCI EMU (EZU | A-82), which tracks countries that use the euro currency, is another international fund that also fared well, with inflows of $480 million.

As for ETFs that track U.S. markets, the iShares Russell 2000 (IWM | A-90) was easily the most popular during the week, adding $657 million. Sector funds like the Technology Select SPDR (XLK | A-91) and Utilities Select SPDR (XLU | A-89) also did well, with inflows of $306 million and $297 million, repsectively.

On the other end of the spectrum was the world's largest ETF, the SPDR S&P 500 (SPY | A-99), which had outflows of nearly $6 billion in the week. Following suit was the Vanguard Small-Cap (VB | A-100), with outflows of $673 million, the mirror image of the inflows into the aforementioned IWM.

On a percentage basis, the iShares U.S. Real Estate (IYR | A-97), the First Trust Dow Jones Internet (FDN | A-59), and the Schwab U.S. Small-Cap (SCHA | A-96) saw heavy outflows.

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
EEM iShares MSCI Emerging Markets 664.09 21,227.40 3.23%
IWM iShares Russell 2000 656.62 27,081.58 2.48%
EZU iShares MSCI EMU 480.06 10,361.86 4.86%
XLK Technology Select SPDR 306.34 11,531.08 2.73%
XLU Utilities Select SPDR 296.77 6,313.84 4.93%
XLY Consumer Discretionary Select SPDR 275.55 10,408.02 2.72%
SHY iShares 1-3 Year Treasury Bond 263.06 13,100.07 2.05%
QQQ PowerShares QQQ 253.30 37,402.74 0.68%
EWJ iShares MSCI Japan 226.91 18,847.12 1.22%
VEA Vanguard FTSE Developed Markets 220.08 25,762.70 0.86%

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 -5,959.27 164,688.58 -3.49%
VB Vanguard Small-Cap -673.39 11,025.31 -5.76%
VO Vanguard Mid-Cap -463.82 12,166.21 -3.67%
IYR iShares U.S. Real Estate -330.99 3,962.70 -7.71%
FDN First Trust Dow Jones Internet -319.29 3,456.36 -8.46%
MDY SPDR S&P MidCap 400 -296.17 14,535.35 -2.00%
SCHA Schwab U.S. Small-Cap -291.49 2,885.42 -9.18%
XLI Industrial Select SPDR -287.33 6,036.59 -4.54%
IWF iShares Russell 1000 Growth -286.24 28,328.87 -1.00%
VBR Vanguard Small-Cap Value -258.71 5,454.49 -4.53%

ETF Weekly Flows By Asset Class

Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -6,766.19 1,104,147.29 -0.61%
International Equity 2,065.25 461,460.11 0.45%
U.S. Fixed Income 781.68 320,720.32 0.24%
International Fixed Income 102.75 26,462.73 0.39%
Commodities 12.62 50,577.67 0.02%
Currency -11.76 1,308.72 -0.90%
Leveraged 220.91 22,237.67 0.99%
Inverse 64.89 21,354.47 0.30%
Asset Allocation 16.59 5,407.96 0.31%
Alternatives -43.42 3,305.56 -1.31%
Total: -3,556.68 2,016,982.49 -0.18%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker Name Average Volume
(30 Day)
1 Week Average
Volume
% of Average
MLPO Credit Suisse S&P MLP ETN 34 122 362.85%
WBIA WBI SMID Tactical Growth 24,901 87,642 351.97%
AIA iShares Asia 50 85,151 278,203 326.72%
WBIE WBI Large Cap Tactical Growth 26,938 81,549 302.73%
PICK iShares MSCI Global Metals & Mining Producers 152,453 456,358 299.34%
REK ProShares Short Real Estate 253,242 701,639 277.06%
IBDB iShares iBonds Mar 2018 Corporate 2,483 6,107 245.92%
WBIH WBI Tactical High Income Shares 51,199 111,934 218.63%
VLUE iShares MSCI USA Value Factor 13,223 28,609 216.35%
SUB iShares Short-Term National AMT-Free Muni Bond 45,891 98,460 214.55%

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
CVOL C-Tracks Citi Volatility ETN 21.52% 755,231 5.17
VXUP AccuShares Spot CBOE VIX Up Shares 20.00% 358,441 0.12
VIIX VelocityShares VIX Short Term ETN 11.43% 1,511,918 8.33
VIXY ProShares VIX Short-Term 11.41% 25,107,230 105.63
VXX iPath S&P 500 VIX Short-Term Futures ETN 11.24% 413,577,760 899.15
VIIZ VelocityShares VIX Mid Term ETN 10.75% 2,745 0.70
PALL ETFS Physical Palladium 7.25% 210,847 240.77
VIXM ProShares VIX Mid-term 7.18% 250,814 30.19
VXZ iPath S&P 500 VIX Mid-Term Futures ETN 7.06% 4,206,036 52.53
CNXT Market Vectors ChinaAMC SME-ChiNext 5.88% 231,890 31.00

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
BRAQ Global X Brazil Consumer -14.70% 11,266 3.36
BRAZ Global X Brazil Mid Cap -14.57% 15,650 2.77
COPX Global X Copper Miners -14.34% 512,760 16.81
BRXX EGShares Brazil Infrastructure -13.99% 75,048 8.09
CU First Trust ISE Global Copper -12.49% 111,964 13.31
KWT Market Vectors Solar Energy -12.01% 7,146 15.68
IDHB PowerShares S&P International Developed High Beta -11.70% 2,559 3.50
PLTM First Trust ISE Global Platinum -11.58% 21,497 5.70
SBIO ALPS Medical Breakthroughs ETF -11.26% 882,633 162.50
FBZ First Trust Brazil AlphaDex -11.22% 6,627 1.79

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
MOM QuantShares U.S. Market Neutral Momentum 0.21 -4.99 2.75
CNXT Market Vectors ChinaAMC SME-ChiNext 0.19 8.48 31.00
PSCH PowerShares S&P SmallCap Health Care 0.19 -3.08 276.09
BBP BioShares Biotechnology Products 0.18 -7.19 23.03
DXJH WisdomTree Japan Hedged Health Care 0.16 -1.96 13.57
EDEN iShares MSCI Denmark Capped 0.15 -1.71 63.73
EIRL iShares MSCI Ireland Capped 0.15 -4.12 162.62
CHOC iPath Pure Beta Cocoa ETN 0.15 -0.21 6.83
BBC BioShares Biotechnology Clinical Trials 0.14 -10.27 28.55
NIB iPath Bloomberg Cocoa Subindex Total Return ETN 0.13 0.05 17.09

Bottom 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
XBI SPDR S&P Biotech -0.61 -8.79 2,247.51
XTN SPDR S&P Transportation -0.59 -5.02 264.89
XSD SPDR S&P Semiconductor -0.53 -3.20 110.85
XRT SPDR S&P Retail -0.52 -1.15 1,023.22
XSW SPDR S&P Software & Services -0.50 -2.03 52.89
EWZS iShares MSCI Brazil Small-Cap -0.50 -4.86 21.70
BRF Market Vectors Brazil Small-Cap -0.49 -5.98 61.27
GAZ iPath Bloomberg Natural Gas Subindex Total Return ETN -0.49 -1.79 10.29
BRAQ Global X Brazil Consumer -0.47 -9.73 3.36
BRXX EGShares Brazil Infrastructure -0.47 -8.40 8.09

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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