Weekly ETF Flows: $6B Leaves Equities

Apr 17, 2014

Reviewed by: etf.com Staff

Edited by: etf.com Staff

Investors yanked $6 billion from U.S. equity ETFs in a shortened holiday week, but rising markets helped lift total assets to $1.738 trillion.

ETFs experienced total outflows of almost $4 billion in a holiday-shortened trading week. But rising markets, spurred on by better-than-expected U.S. jobless claims data and strong manufacturing data, raised total ETF assets about 1 percent on the week to $1.738 trillion.

Financial markets are closed on Friday in observance of Good Friday.

In asset class segments, $6 billion flowed out of U.S. equity strategies in the week ended Wednesday, April 16, though $1.6 billion flowed into international equity funds.

On the fixed-income front, U.S.-focused funds had outflows of $29.3 million, while $399.1 million flowed into international fixed-income ETFs. The S&P 500 Index rose more than 29 points, or 1.6 percent, from the previous week to close at 1,862.31.

The most popular developing-world-focused funds featured equities funds, including the:

iShares MSCI Emerging Markets ETF (EEM | B-100), which pulled in $662.0 million, bringing its total assets up to $36.0 billion
iShares U.S. Real Estate ETF (IYR | B-94), which pulled in $543.7 million, bringing its total assets up to $5.07 billion.

At the same, the SPDR S&P 500 ETF (SPY | A-98) led all ETF outflows, with redemptions of almost $6.0 billion, bringing its assets down to $155.6 billion and making it the least popular ETF last week.

U.S.-listed ETF assets rose slightly to $1.738 trillion from $1.737 trillion in the previous week ending April 11, according to data compiled by ETF.com Analytics.

Top 10 Creations (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
EEM	iShares MSCI Emerging Markets	661.99	36,004.31	1.87%
IYR	iShares U.S. Real Estate	543.65	5,065.11	12.02%
IVV	iShares Core S&P 500	472.68	55,672.40	0.86%
VWO	Vanguard FTSE Emerging Markets	462.06	43,394.84	1.08%
EZU	iShares MSCI EMU	305.99	10,573.89	2.98%
DIA	SPDR Dow Jones Industrial Average Trust	240.81	11,898.68	2.07%
AMLP	Alerian MLP	217.08	8,173.04	2.73%
BWX	SPDR Barclays International Treasury Bond	209.66	2,380.04	9.66%
VOO	Vanguard S&P 500	204.41	17,209.19	1.20%
IWD	iShares Russell 1000 Value	193.26	21,631.81	0.90%

Top 10 Redemptions (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
SPY	SPDR S&P 500	-5,998.25	155,617.69	-3.71%
MDY	SPDR S&P MidCap 400	-644.72	15,065.09	-4.10%
QQQ	PowerShares QQQ	-604.13	41,190.20	-1.45%
GLD	SPDR Gold	-325.61	33,401.23	-0.97%
DXJ	WisdomTree Japan Hedged Equity	-322.36	10,665.12	-2.93%
XLF	Financial Select SPDR	-308.51	17,509.44	-1.73%
JNK	SPDR Barclays High Yield Bond	-267.53	9,963.96	-2.61%
TLT	iShares 20+ Year Treasury Bond	-264.25	3,401.19	-7.21%
XLI	Industrial Select SPDR	-227.70	8,823.48	-2.52%
XLY	Consumer Discretionary Select SPDR	-202.99	5,352.26	-3.65%

ETF Weekly Flows By Asset Class

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	-6,034.65	938,552.80	-0.64%
International Equity	1,599.70	414,051.45	0.39%
U.S. Fixed Income	-29.31	244,491.58	-0.01%
International Fixed Income	399.14	22,843.43	1.75%
Commodities	-378.38	66,867.16	-0.57%
Currency	-28.17	1,812.53	-1.55%
Leveraged	202.24	21,746.95	0.93%
Inverse	372.33	20,469.43	1.82%
Asset Allocation	37.94	4,336.09	0.88%
Alternatives	-52.70	2,991.62	-1.76%
Total:	-3,911.85	1,738,163.03	-0.23%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker	Name	Average Volume (30 Day)	1 Week Average Volume	% of Average
EMFM	Global X Next Emerging & Frontier	191,435	5,679,842	593.40%
BBRC	EGShares Beyond BRICs	195,983	5,597,439	571.22%
ALD	WisdomTree Asia Local Debt	178,186	4,269,071	479.17%
RIGS	RiverFront Strategic Income	83,318	1,943,326	466.48%
RALS	ProShares RAFI Long/Short	18,955	421,800	445.05%
XVZ	iPath S&P Dynamic VIX ETN	64,008	1,422,039	444.33%
EFZ	ProShares Short MSCI EAFE	85,372	1,775,694	415.99%
JJA	iPath Dow Jones UBS Agriculture Total Return ETN	26,729	554,118	414.62%
JPP	SPDR Russell/Nomura PRIME Japan	16,709	328,025	392.64%
FGM	First Trust Germany AlphaDEX	15,829	274,020	346.23%

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

Ticker	Name	Weekly Performance	Weekly Volume	AUM ($, mm)
GRN	iPath Global Carbon ETN	14.33%	17,636	1.77
JJN	iPath Dow Jones-UBS Nickel Total Return ETN	7.91%	106,280	8.98
MLPW	ETRACS Wells Fargo MLP ETN	7.53%	3,103	14.06
NINI	iPath Pure Beta Nickel ETN	6.35%	13,756	6.68
UBM	ETRACS CMCI Industrial Metals Total Return ETN	5.13%	139,598	4.54
ZROZ	PIMCO 25+ Year Zero Coupon U.S. Treasury	3.97%	88,034	79.35
LEDD	iPath Pure Beta Lead ETN	3.92%	6,100	1.52
GRU	ELEMENTS MLCX Grains - Total Return ETN	3.84%	25,715	8.11
EDV	Vanguard Extended Duration Treasury	3.80%	389,514	234.07
FCG	First Trust ISE-Revere Natural Gas	3.52%	3,586,555	499.43

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

Ticker	Name	Weekly Performance	Weekly Volume	AUM ($, mm)
XBI	SPDR S&P Biotech	-9.02%	7,374,411	1,037.58
GLDX	Global X Gold Explorers	-8.80%	252,487	42.04
VNM	Market Vectors Vietnam	-8.38%	2,028,782	500.78
KWT	Market Vectors Solar Energy	-7.69%	42,956	27.39
GDXJ	Market Vectors Junior Gold Miners	-7.55%	19,436,671	1,835.62
TAN	Guggenheim Solar	-6.56%	3,343,689	400.87
GREK	Global X FTSE Greece 20	-6.12%	2,794,031	209.72
PTH	PowerShares DWA Healthcare Momentum	-6.00%	145,930	105.46
JO	iPath Dow Jones-UBS Coffee Total Return ETN	-5.59%	1,180,016	103.33
SILJ	PureFunds ISE Junior Silver (Small Cap Miners/Explorers)	-5.49%	127,668	6.01

Top 10 YTD Performers

Ticker	Name	YTD Performance	Weekly Performance	AUM ($, mm)
JO	iPath Dow Jones-UBS Coffee Total Return ETN	72.90	-5.59	103.33
RUSS	Direxion Daily Russia Bear 3X	68.69	12.03	20.82
CAFE	iPath Pure Beta Coffee ETN	67.12	-5.03	8.99
BOS	PowerShares DB Base Metals Short ETN	53.35	0.77	1.86
AGF	PowerShares DB Agriculture Long ETN	46.36	-3.90	3.89
DDP	PowerShares DB Commodity Short ETN	44.27	-3.84	3.31
DRN	Direxion Daily Real Estate Bull 3x	39.44	2.36	100.57
GASL	Direxion Daily Natural Gas Related Bull 3X Shares	39.41	10.38	16.47
DPU	PowerShares DB Commodity Long ETN	31.70	0.85	2.17
TMF	Direxion Daily 20 Year Plus Treasury Bull 3x	31.70	6.69	37.33

Bottom 10 YTD Performers

Ticker	Name	YTD Performance	Weekly Performance	AUM ($, mm)
DGAZ	VelocityShares 3X Inverse Natural Gas ETN	-63.57	1.90	461.65
JDST	Direxion Daily Junior Gold Miners Bear 3X	-59.81	24.75	31.06
RUSL	Direxion Daily Russia Bull 3X	-56.45	-12.90	55.98
DUST	Direxion Daily Gold Miners Bear 3X	-43.70	15.67	206.17
KOLD	ProShares UltraShort DJ- UBS Natural Gas	-41.80	0.90	69.91
GASX	Direxion Daily Natural Gas Related Bear 3X Shares	-36.71	-10.35	9.00
EMSA	iPath Short Enhanced MSCI Emerging Markets ETN	-32.70	0.00	4.80
DRV	Direxion Daily Real Estate Bear 3x	-31.93	-2.82	11.38
RSXJ	Market Vectors Russia Small-Cap	-29.43	-4.91	35.52
TMV	Direxion Daily 20 Year Plus Treasury Bear 3x	-27.01	-6.48	546.72

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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Weekly ETF Flows: $6B Leaves Equities

Weekly ETF Flows: $6B Leaves Equities

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