Investors Add Money To ETFs Ahead Of 'Brexit' Surprise

Jun 24, 2016

Reviewed by: etf.com Staff

Edited by: etf.com Staff

Hopeful that the U.K. would vote to remain in the European Union, investors plowed $5 billion into U.S.-listed exchange-traded funds in the week ending Thursday, June 23. The data from FactSet excludes flows from Friday, the day that markets tanked following shocking news that voters had chosen to leave the EU by a 4-point margin.

The week-ending-Thursday data showed positive flows into most of the major categories, with U.S. equity and international equity ETFs each garnering more than $2.3 billion in inflows.

U.S. fixed-income and international fixed-income ETFs also had positive flows, to the tune of $880 million and $360 million, respectively.

GLD Continues To Gather Assets

Meanwhile, commodities received about $650 million in investor capital largely thanks, once again, to the SPDR Gold Trust (GLD | A-100). The physically backed gold fund had inflows of $555 million, bringing its year-to-date haul to $10.7 billion.

Also receiving considerable inflows were the iShares MSCI Eurozone ETF (EZU | B-84) and the iShares Nasdaq Biotechnology ETF (IBB | A-69), with inflows of more than $450 million apiece.

On the flip side of the flows ledger were inverse ETFs, which had outflows of $760 million. Most of that came from one product in particular, the VelocityShares Daily Inverse VIX Short-Term ETN , which had outflows of $242 million.

That was followed by three Vanguard index funds and the First Trust Morningstar Dividend Leaders Index Fund (FDL | A-71), which had outflows of $587 million, equal to 27.3% of its assets under management.

For a complete list of the ETFs with the top inflows and outflows, see the tables below.

Top 10 Creations (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
SPY	SPDR S&P 500 ETF Trust	1,738.75	186,596.63	0.94%
IWD	iShares Russell 1000 Value ETF	1,240.09	29,777.43	4.35%
VWO	Vanguard FTSE Emerging Markets ETF	755.50	37,812.95	2.04%
EFA	iShares MSCI EAFE ETF	618.51	59,735.38	1.05%
GLD	SPDR Gold Trust	555.01	37,157.55	1.52%
EZU	iShares MSCI Eurozone ETF	484.20	11,020.09	4.60%
IBB	iShares NASDAQ Biotechnology ETF	451.50	6,799.83	7.11%
XLE	Energy Select Sector SPDR Fund	433.42	14,606.79	3.06%
IWR	iShares Russell Midcap ETF	418.94	13,050.33	3.32%
EEM	iShares MSCI Emerging Markets ETF	396.38	22,773.92	1.77%

Top 10 Redemptions (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
VO	Vanguard Mid-Cap Index Fund	-933.29	14,149.66	-6.19%
VUG	Vanguard Growth Index Fund	-614.04	20,600.92	-2.89%
VTV	Vanguard Value Index Fund	-606.69	21,781.69	-2.71%
FDL	First Trust Morningstar Dividend Leaders Index Fund	-586.57	1,562.44	-27.29%
BSV	Vanguard Short-Term Bond Index Fund	-581.03	18,442.29	-3.05%
VB	Vanguard Small-Cap Index Fund	-349.39	12,928.47	-2.63%
HEDJ	WisdomTree Europe Hedged Equity Fund	-305.36	11,652.21	-2.55%
QQQ	PowerShares QQQ Trust	-269.29	36,302.89	-0.74%
JNK	SPDR Barclays High Yield Bond ETF	-262.08	11,940.39	-2.15%
XIV	VelocityShares Daily Inverse VIX Short-Term ETN	-242.08	757.02	-24.23%

ETF Weekly Flows By Asset Class

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	2,379.13	1,237,267.51	0.19%
International Equity	2,704.37	475,047.50	0.57%
U.S. Fixed Income	882.18	377,452.52	0.23%
International Fixed Income	356.99	35,655.32	1.00%
Commodities	651.72	68,831.26	0.95%
Currency	-8.83	1,281.62	-0.69%
Leveraged	210.84	23,985.32	0.88%
Inverse	-760.32	20,723.25	-3.67%
Asset Allocation	105.17	6,020.66	1.75%
Alternatives	-86.07	4,166.62	-2.07%
Total:	6,435.18	2,250,431.58	0.29%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker	Name	Average Volume (30 Day)	1 Week Average Volume	% of Average
IBDB	iShares iBonds Mar 2018 Term Corporate ETF	3,053	6,625	217.02%
ADRD	BLDRS Developed Markets 100 ADR Index Fund	6,785	17,327	255.36%
LOWC	SPDR MSCI ACWI Low Carbon Target ETF	394	768	194.91%
GSIE	Goldman Sachs ActiveBeta International Equity ETF	86,589	211,863	244.68%
FXB	CurrencyShares British Pound Sterling Trust	48,757	144,437	296.24%
IYLD	iShares Morningstar Multi-Asset Income ETF	27,755	57,396	206.79%
FNDA	Schwab Fundamental US Small Co. Index ETF	109,587	192,873	176.00%
PSQ	ProShares Short QQQ	698,364	1,099,967	157.51%
DEW	WisdomTree Global High Dividend Fund	8,736	11,750	134.50%
DOO	WisdomTree International Dividend ex-Financials Fund	30,010	47,538	158.41%

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

Ticker	Name	Weekly Performance	Weekly Volume	AUM ($, mm)
GAZ	iPath Bloomberg Natural Gas Subindex Total Return ETN	19.86%	382,311	5.98
GREK	Global X MSCI Greece ETF	14.68%	3,069,319	272.04
EUFN	iShares MSCI Europe Financials ETF	14.07%	3,353,703	221.79
FKU	First Trust United Kingdom AlphaDEX Fund	13.73%	216,976	160.81
EWUS	iShares MSCI United Kingdom Small Cap ETF	13.45%	141,713	13.98
FBZ	First Trust Brazil AlphaDEX Fund	13.39%	4,304	3.02
BRAQ	Global X Brazil Consumer ETF	12.49%	12,438	4.00
QGBR	SPDR MSCI United Kingdom Quality Mix ETF	12.04%	1,889	2.54
EZA	iShares MSCI South Africa ETF	11.82%	3,749,254	359.95
EWU	iShares MSCI United Kingdom ETF	11.06%	61,978,850	2,140.12

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

Ticker	Name	Weekly Performance	Weekly Volume	AUM ($, mm)
VXUP	AccuShares Spot CBOE VIX Up Shares	-17.12%	74,768	0.55
VIXY	ProShares VIX Short-Term Futures ETF	-12.90%	34,942,025	275.87
VIIX	VelocityShares Daily Long VIX Short-Term ETN	-12.72%	1,578,463	10.14
VXX	iPath S&P 500 VIX Short-Term Futures ETN	-12.64%	411,053,365	1,555.04
VMAX	REX VolMAXX Long VIX Weekly Futures Strategy ETF	-12.17%	51,779	2.16
VIXM	ProShares VIX Mid-Term Futures ETF	-7.36%	388,274	42.60
VXZ	iPath S&P 500 VIX Mid-Term Futures ETN	-7.31%	4,089,594	53.60
VIIZ	VelocityShares VIX Medium Term ETN	-6.80%	30,300	0.60
CORN	Teucrium Corn Fund	-6.73%	563,872	69.81
EGPT	VanEck Vectors Egypt Index ETF	-6.56%	156,824	28.36

Top 10 YTD Performers

Ticker	Name	YTD Performance	Weekly Performance	AUM ($, mm)
FCG	First Trust ISE-Revere Natural Gas Index Fund	473.88%	3.89%	227.11
SILJ	PureFunds ISE Junior Silver (Small Cap Miners/Explorers) ETF	166.46%	0.29%	40.60
GLDX	Global X Gold Explorers ETF	114.97%	0.34%	64.03
SLVP	iShares MSCI Global Silver Miners ETF	111.49%	1.16%	50.82
SIL	Global X Silver Miners ETF	108.48%	1.02%	319.44
GDXJ	VanEck Vectors Junior Gold Miners ETF	107.08%	-1.31%	3,296.10
SGDJ	Sprott Junior Gold Miners ETF	97.35%	-1.28%	45.53
RING	iShares MSCI Global Gold Miners ETF	97.02%	-2.03%	174.14
SGDM	Sprott Gold Miners ETF	85.39%	-1.06%	215.87
PSAU	PowerShares Global Gold & Precious Metals Portfolio	84.85%	-1.18%	56.17

Bottom 10 YTD Performers

Ticker	Name	YTD Performance	Weekly Performance	AUM ($, mm)
BBC	BioShares Biotechnology Clinical Trials Fund	-35.22%	2.32%	18.81
GRN	iPath Global Carbon ETN	-33.39%	2.26%	1.60
VIXY	ProShares VIX Short-Term Futures ETF	-32.63%	-12.90%	275.87
VXX	iPath S&P 500 VIX Short-Term Futures ETN	-32.29%	-12.64%	1,555.04
VIIX	VelocityShares Daily Long VIX Short-Term ETN	-32.20%	-12.55%	10.14
TAN	Guggenheim Solar ETF	-31.95%	2.46%	227.41
KWT	VanEck Vectors Solar Energy ETF	-28.92%	2.66%	13.13
DXJF	WisdomTree Japan Hedged Financials Fund	-28.39%	6.20%	10.86
VXUP	AccuShares Spot CBOE VIX Up Shares	-27.23%	-15.87%	0.55
SBIO	ALPS Medical Breakthroughs	-26.42%	1.48%	132.21

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.

etf.com Staff

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Investors Add Money To ETFs Ahead Of 'Brexit' Surprise

Investors Add Money To ETFs Ahead Of 'Brexit' Surprise

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