Weekly ETF Flows: JNK Loses 9% of Assets
Outflows in the junk bond fund, the SPDR Barclays High Yield Bond ETF (JNK | B-68), totaled a whopping $1 billion in the week ending Thursday, Dec. 10, equal to 9.3% of the fund's assets.
Outflows in the junk bond fund, the SPDR Barclays High Yield Bond ETF (JNK | B-68), totaled a whopping $1 billion in the week ending Thursday, Dec. 10, equal to 9.3% of the fund's assets. A huge plunge in junk bonds on Friday likely corresponded with even more outflows on the final trading day oOutflows in the junk bond fund, the SPDR Barclays High Yield Bond ETF (JNK | B-68), totaled a whopping $1 billion in the week ending Thursday, Dec. 10, equal to 9.3% of the fund's assets. A huge plunge in junk bonds on Friday likely corresponded with even more outflows on the final trading day of the week. On a price basis, JNK fell to its lowest level since 2009 amid intense concerns about potential defaults in the energy-heavy junk bond market.
A plunge in oil prices to six-year lows below $36/barrel also fueled outflows in the Energy Select SPDR (XLE | A-91), which had outflows of $197 million.
Other notable losers included the Industrial Select SPDR (XLI | A-91), with outflows of $465 million and the iShares U.S. Real Estate ETF (IYR | A-96), with outflows of $418 million.
On the flip side, the winners this week included the iShares MSCI EMU (EZU | A-83), with inflows of $529 million and the Technology Select SPDR (XLK | A-92), with inflows of $511 million.
All told, U.S.-listed ETFs gained assets in the week ending Thursday, with total inflows of $3.6 billion, sending aggregate assets to $2.13 trillion.
Top 10 Creations (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
IVV | iShares Core S&P 500 | 661.19 | 70,390.35 | 0.95% |
EZU | iShares MSCI EMU | 529.45 | 13,732.97 | 4.01% |
XLK | Technology Select SPDR | 511.24 | 14,354.16 | 3.69% |
VNQ | Vanguard REIT | 405.57 | 26,774.48 | 1.54% |
IWD | iShares Russell 1000 Value | 351.06 | 26,855.50 | 1.32% |
ONEV | SPDR Russell 1000 Low Volatility Focus | 334.44 | 333.69 | -44,641.43% |
ONEO | SPDR Russell 1000 Momentum Focus | 334.15 | 333.34 | -41,214.41% |
ONEY | SPDR Russell 1000 Yield Focus | 332.53 | 330.11 | -13,768.43% |
XLF | Financial Select SPDR | 269.71 | 19,670.15 | 1.39% |
IWF | iShares Russell 1000 Growth | 267.73 | 31,210.72 | 0.87% |
Top 10 Redemptions (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
SPY | SPDR S&P 500 | -2,254.38 | 176,364.26 | -1.26% |
JNK | SPDR Barclays High Yield Bond | -1,036.50 | 10,126.94 | -9.28% |
XLI | Industrial Select SPDR | -465.13 | 6,473.78 | -6.70% |
IYR | iShares U.S. Real Estate | -418.39 | 4,161.23 | -9.14% |
IWM | iShares Russell 2000 | -392.78 | 27,390.69 | -1.41% |
TLT | iShares 20+ Year Treasury Bond | -305.38 | 5,508.48 | -5.25% |
XLV | Health Care Select SPDR | -274.67 | 13,564.45 | -1.98% |
XLE | Energy Select SPDR | -197.24 | 11,107.86 | -1.74% |
IBB | iShares Nasdaq Biotechnology | -166.22 | 7,886.74 | -2.06% |
HEDJ | WisdomTree Europe Hedged Equity | -164.54 | 20,111.97 | -0.81% |
ETF Weekly Flows By Asset Class
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 1,847.48 | 1,186,479.08 | 0.16% |
International Equity | 1,637.24 | 486,157.69 | 0.34% |
U.S. Fixed Income | -175.58 | 329,658.73 | -0.05% |
International Fixed Income | -45.36 | 27,825.05 | -0.16% |
Commodities | 44.66 | 46,500.51 | 0.10% |
Currency | -7.09 | 1,505.32 | -0.47% |
Leveraged | 450.32 | 23,591.69 | 1.91% |
Inverse | -354.68 | 18,872.97 | -1.88% |
Asset Allocation | 118.78 | 5,563.59 | 2.13% |
Alternatives | 49.37 | 3,120.14 | 1.58% |
Total: | 3,565.15 | 2,129,274.77 | 0.17% |
Top 10 Volume Surprises, Funds >$50 mm AUM
Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
TUTI | Tuttle Tactical Management Multi-Strategy Income ETF | 24,823 | 95,720 | 385.62% |
DVP | Deep Value | 20,878 | 92,724 | 444.12% |
GSY | Guggenheim Enhanced Short Duration Bond | 173,884 | 440,887 | 253.55% |
PXI | PowerShares DWA Energy Momentum | 28,929 | 72,619 | 251.03% |
QEMM | SPDR MSCI Emerging Markets Quality Mix | 6,509 | 13,012 | 199.91% |
VLUE | iShares MSCI USA Value Factor | 9,665 | 17,659 | 182.70% |
PSR | PowerShares Active U.S. Real Estate | 1,165 | 2,815 | 241.71% |
ILTB | iShares Core Long-Term USD Bond | 14,042 | 26,156 | 186.27% |
DGRW | WisdomTree U.S. Quality Dividend Growth | 203,919 | 347,663 | 170.49% |
FXEU | PowerShares Europe Currency Hedged Low Volatility | 19,879 | 36,886 | 185.55% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
PAK | Global X MSCI Pakistan | 3.06% | 34,493 | 5.51 |
VXUP | AccuShares Spot CBOE VIX Up Shares | 2.92% | 14,317 | 2.48 |
ZROZ | PIMCO 25+ Year Zero Coupon U.S. Treasury | 2.73% | 121,742 | 159.42 |
BBH | Market Vectors Biotech | 2.70% | 352,667 | 684.01 |
RHS | Guggenheim S&P Equal Weight Consumer Staples | 2.68% | 94,411 | 447.45 |
EDV | Vanguard Extended Duration Treasury | 2.64% | 131,634 | 373.86 |
WEAT | Teucrium Wheat | 2.62% | 166,187 | 28.29 |
PJP | PowerShares Dynamic Pharmaceuticals | 2.45% | 803,589 | 1,668.47 |
RING | iShares MSCI Global Gold Miners | 2.37% | 414,053 | 48.53 |
AGF | DB Agriculture Long ETN | 2.36% | 172,857 | 1.88 |
Bottom 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
OSMS | Barclays OFI SteelPath MLP ETN | -15.56% | 4,501 | 17.43 |
GAZ | iPath Bloomberg Natural Gas Subindex Total Return ETN | -14.22% | 143,376 | 4.02 |
OIL | iPath S&P GSCI Crude Oil Total Return ETN | -12.52% | 26,933,261 | 697.42 |
FCG | First Trust ISE-Revere Natural Gas | -11.54% | 18,091,762 | 175.20 |
YMLP | Yorkville High Income MLP | -11.33% | 1,098,527 | 99.46 |
EZA | iShares MSCI South Africa | -11.20% | 4,808,976 | 309.06 |
USO | United States Oil | -10.96% | 207,401,513 | 2,993.85 |
IOIL | IQ Global Oil Small Cap | -10.58% | 3,729 | 2.72 |
RJN | ELEMENTS Rogers International Commodity - Energy Total Return ETN | -10.11% | 518,046 | 18.18 |
BNO | United States Brent Oil | -10.10% | 988,198 | 73.70 |
Top 10 YTD Performers
Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
CNXT | Market Vectors ChinaAMC SME-ChiNext | 41.62% | -3.25% | 58.17 |
DXJH | WisdomTree Japan Hedged Health Care | 31.80% | -3.52% | 22.05 |
ASHS | Deutsche X-trackers Harvest CSI 500 China-A Shares Small Cap ETF | 26.10% | -3.32% | 35.25 |
FDN | First Trust Dow Jones Internet | 22.98% | -2.20% | 4,845.74 |
PNQI | PowerShares NASDAQ Internet | 21.21% | -1.98% | 288.81 |
EDEN | iShares MSCI Denmark Capped | 20.13% | -2.08% | 91.92 |
EIRL | iShares MSCI Ireland Capped | 19.33% | -1.79% | 169.61 |
PSCH | PowerShares S&P SmallCap Health Care | 19.00% | -1.07% | 259.69 |
KWEB | KraneShares CSI China Internet | 18.19% | -1.46% | 155.77 |
PGJ | PowerShares Golden Dragon China | 17.39% | -1.06% | 185.34 |
Bottom 10 YTD Performers
Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
GAZ | iPath Bloomberg Natural Gas Subindex Total Return ETN | -78.12% | -12.11% | 4.02 |
CVOL | C-Tracks Citi Volatility ETN | -58.59% | 12.53% | 3.12 |
FCG | First Trust ISE-Revere Natural Gas | -56.06% | -6.40% | 175.20 |
KOL | Market Vectors Coal | -54.53% | -8.13% | 41.95 |
PLTM | First Trust ISE Global Platinum | -54.05% | -6.57% | 4.95 |
YMLP | Yorkville High Income MLP | -53.06% | -7.81% | 99.46 |
AMZA | InfraCap Active MLP | -49.99% | -2.37% | 16.90 |
MLPY | Morgan Stanley Cushing MLP High Income ETN | -48.83% | -4.74% | 51.79 |
JJN | iPath Bloomberg Nickel Subindex Total Return ETN | -48.31% | -5.25% | 5.38 |
XME | SPDR S&P Metals and Mining | -48.28% | -2.29% | 250.54 |
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.