Weekly ETF Flows: JNK Loses 9% of Assets

Dec 14, 2015

Reviewed by: etf.com Staff

Edited by: etf.com Staff

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.

etf.com Staff

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Weekly ETF Flows: JNK Loses 9% of Assets

Weekly ETF Flows: JNK Loses 9% of Assets

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