'IWM' Big Loser, 'TLT' Big Winner In Risk-Off Week

Investors fled stocks and rushed into bonds in one of the most volatile weeks of the year.

etf.com Staff

Aug 21, 2015

Reviewed by: etf.com Staff

Edited by: etf.com Staff

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Investors pulled money out of U.S. and international equity ETFs this week as global economic fears related to emerging markets—and particularly China—weighed on sentiment. Each segment saw outflows totaling more than $900 million in the week ended Thursday, Aug. 20.

Still, overall flows into U.S. exchange-traded funds were positive, thanks to big inflows into U.S. fixed-income funds. That segment attracted almost $1.5 billion in the period.

In terms of individual funds, the biggest loser was the iShares Russell 2000 (IWM | A-89), with outflows of $1.7 billion, followed by the SPDR S&P 500 (SPY | A-98) and the iShares MSCI Emerging Markets (EEM | B-99). The Russell 2000 entered correction territory this week after falling more than 10 percent from its highs.

One rare bright spot in terms of flows in the equity space was SPY's rival, the Vanguard S&P 500 (VOO | A-99), which gathered nearly $550 million from investors.

On the fixed-income front, a host of funds made the top 10 creations list. The iShares 20+ Year Treasury Bond ETF (TLT | A-85) led the pack, with $511 million in inflows, followed by the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD | A-77), with $428 million and the iShares 1-3 Year Treasury Bond ETF (SHY | A-97), with $399 million.

U.S. Treasurys were the big winners in a week in which investors flocked to safe-haven assets while shunning riskier stocks.

Top 10 Creations (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
VOO	Vanguard S&P 500	548.52	34,238.06	1.63%
TLT	iShares 20+ Year Treasury Bond	510.74	5,581.36	10.07%
LQD	iShares iBoxx $ Investment Grade Corporate Bond	427.86	21,013.03	2.08%
SHY	iShares 1-3 Year Treasury Bond	398.54	11,269.92	3.67%
MINT	PIMCO Enhanced Short Maturity Strategy	375.12	4,157.64	9.92%
USMV	iShares MSCI USA Minimum Volatility	331.41	5,807.39	6.05%
DXJ	WisdomTree Japan Hedged Equity	297.76	18,088.82	1.67%
XLE	Energy Select SPDR	265.00	11,304.91	2.40%
DBEF	Deutsche X-trackers MSCI EAFE Hedged Equity ETF	230.51	14,204.68	1.65%
VTI	Vanguard Total Stock Market	194.93	55,474.10	0.35%

Top 10 Redemptions (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
IWM	iShares Russell 2000	-1,707.73	24,775.30	-6.45%
SPY	SPDR S&P 500	-977.27	171,504.34	-0.57%
EEM	iShares MSCI Emerging Markets	-340.53	22,359.35	-1.50%
EMB	iShares J.P. Morgan USD Emerging Markets Bond	-291.34	4,354.97	-6.27%
KBE	SPDR S&P Bank	-266.12	2,931.17	-8.32%
HYG	iShares iBoxx $ High Yield Corporate Bond	-257.40	12,430.85	-2.03%
AAXJ	iShares MSCI All Country Asia ex Japan	-238.82	2,862.13	-7.70%
EWG	iShares MSCI Germany	-216.68	6,989.78	-3.01%
TIP	iShares TIPS Bond	-201.12	13,508.41	-1.47%
VWO	Vanguard FTSE Emerging Markets	-184.30	40,640.04	-0.45%

ETF Weekly Flows By Asset Class

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	-959.71	1,174,761.37	-0.08%
International Equity	-944.63	506,413.36	-0.19%
U.S. Fixed Income	1,457.08	306,492.14	0.48%
International Fixed Income	-228.78	25,907.73	-0.88%
Commodities	310.90	50,484.21	0.62%
Currency	-37.77	1,291.80	-2.92%
Leveraged	383.55	23,996.40	1.60%
Inverse	125.88	18,394.24	0.68%
Asset Allocation	-2.35	5,697.35	-0.04%
Alternatives	58.99	3,328.31	1.77%
Total:	163.15	2,116,766.92	0.01%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker	Name	Average Volume (30 Day)	1 Week Average Volume	% of Average
PSCF	PowerShares S&P SmallCap Financials	54,748	301,066	549.92%
PSCT	PowerShares S&P SmallCap Information Technology	80,580	396,209	491.70%
SIZE	iShares MSCI USA Size Factor	7,502	34,489	459.75%
FXU	First Trust Utilities AlphaDEX	147,321	597,353	405.48%
HYGH	iShares Interest Rate Hedged High Yield Bond	16,370	53,355	325.93%
BBRC	EGShares Beyond BRICs	96,237	305,426	317.37%
FUTY	Fidelity MSCI Utilities	54,125	171,402	316.68%
EPU	iShares MSCI All Peru Capped	42,086	111,991	266.10%
IQDF	FlexShares International Quality Dividend	81,007	211,134	260.64%
ZROZ	PIMCO 25+ Year Zero Coupon U.S. Treasury	62,920	162,060	257.56%

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

Ticker	Name	Weekly Performance	Weekly Volume	AUM ($, mm)
VIXY	ProShares VIX Short-Term	10.49%	10,851,924	154.27
VIIX	VelocityShares VIX Short Term ETN	10.34%	668,996	9.84
VXX	iPath S&P 500 VIX Short-Term Futures ETN	9.85%	308,380,996	1,102.72
CVOL	C-Tracks Citi Volatility ETN	9.65%	484,882	3.71
RING	iShares MSCI Global Gold Miners	9.14%	307,608	53.61
SGDM	Sprott Gold Miners	9.00%	460,505	129.25
GDX	Market Vectors Gold Miners	8.06%	305,693,592	5,199.33
PSAU	PowerShares Global Gold and Precious Metals	8.01%	86,519	19.74
HOMX	ETRACS ISE Exclusively Homebuilders ETN	7.81%	3,121	28.32
SGDJ	Sprott Junior Gold Miners	7.80%	77,678	23.44

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

Ticker	Name	Weekly Performance	Weekly Volume	AUM ($, mm)
UGA	United States Gasoline	-10.22%	294,589	73.49
PSCE	PowerShares S&P SmallCap Energy	-10.09%	98,349	34.42
ASHR	Deutsche X-trackers Harvest CSI 300 China A-Shares ETF	-10.06%	12,050,136	630.88
TAN	Guggenheim Solar	-9.79%	954,235	271.43
AFTY	CSOP FTSE China A50	-9.72%	200,664	11.13
XES	SPDR S&P Oil & Gas Equipment & Services	-9.43%	3,514,114	188.26
KWEB	KraneShares CSI China Internet	-9.35%	388,207	77.83
HAO	Guggenheim China Small Cap	-9.33%	779,227	179.47
UAE	iShares MSCI UAE Capped	-9.05%	37,588	30.16
EPU	iShares MSCI All Peru Capped	-9.05%	559,957	137.39

Top 10 YTD Performers

Ticker	Name	YTD Performance	Weekly Performance	AUM ($, mm)
RODI	Barclays Return on Disability ETN	0.77	0.00	27.12
CNXT	Market Vectors ChinaAMC SME-ChiNext	0.44	-9.01	40.34
ASHS	Deutsche X-trackers Harvest CSI 500 China-A Shares Small Cap ETF	0.35	-9.06	40.89
DXJH	WisdomTree Japan Hedged Health Care	0.33	-4.47	14.03
BBP	BioShares Biotechnology Products	0.24	-3.85	29.08
DXJF	WisdomTree Japan Hedged Financials	0.21	-5.60	35.39
PSCH	PowerShares S&P SmallCap Health Care	0.20	-2.79	274.17
MOM	QuantShares U.S. Market Neutral Momentum	0.19	4.62	1.34
PJP	PowerShares Dynamic Pharmaceuticals	0.18	-1.27	2,102.04
EIRL	iShares MSCI Ireland Capped	0.18	-2.29	132.17

Bottom 10 YTD Performers

Ticker	Name	YTD Performance	Weekly Performance	AUM ($, mm)
CVOL	C-Tracks Citi Volatility ETN	-0.55	14.67	3.71
VXX	iPath S&P 500 VIX Short-Term Futures ETN	-0.44	10.19	1,102.72
VIIX	VelocityShares VIX Short Term ETN	-0.44	10.59	9.84
VIXY	ProShares VIX Short-Term	-0.44	10.69	154.27
FCG	First Trust ISE-Revere Natural Gas	-0.42	-8.14	176.50
GAZ	iPath Bloomberg Natural Gas Subindex Total Return ETN	-0.41	-2.46	11.68
OIL	iPath S&P GSCI Crude Oil Total Return ETN	-0.39	-5.34	748.63
PSCE	PowerShares S&P SmallCap Energy	-0.39	-9.15	34.42
BRF	Market Vectors Brazil Small-Cap	-0.38	-2.10	75.29
KOL	Market Vectors Coal	-0.38	-2.57	60.68

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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'IWM' Big Loser, 'TLT' Big Winner In Risk-Off Week

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