Weekly Flows: ETF Assets Sink Amid Ugly Start To 2016
The worst start to the year for U.S. stocks led to big outflows from ETFs.
The worst start to the year for stocks on record sent ETF investors fleeing from some of the big-name products. Overall etf assets dipped $3.6 billion in the week ending Thursday, Jan. 7, led by a $5.8 billion outflow from U.S. equity ETFs.
The top outflow leaders were the usual suspects: the largest and most liquid ETFs. The SPDR S&P 500 ETF (SPY | A-98) led the pack with a $2.5 billion outflow. That was followed by other big-name products such as the PowerShares QQQ (QQQ | A-64) and the iShares Russell 2000 ETF (IWM | A-93).
On the other hand, U.S. fixed-income ETFs had the biggest inflows of the week with $1.1 billion in total. The biggest winner in this segment was the iShares 1-3 Year Treasury Bond ETF (SHY | A-97), which gained $245 million.
However, garnering the largest inflows were two equity products: the Vanguard S&P 500 ETF (VOO | A-98) and the iShares U.S. Real Estate ETF (IYR | B-96).
Two other interesting ETFs to make the top 10 inflows list were the iShares Gold Trust (IAU | A-100) and the VelocityShares 3X Long Crude Oil ETN (UWTI). Gold had fantastic performance in the week ending Thursday, gaining 4.5%, while oil had a lousy week, falling 10% to a 12-year low.
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| VOO | Vanguard S&P 500 | 310.85 | 38,773.71 | 0.81% |
| IYR | iShares U.S. Real Estate | 255.00 | 4,609.31 | 5.86% |
| SHY | iShares 1-3 Year Treasury Bond | 244.86 | 11,518.71 | 2.17% |
| XLP | Consumer Staples Select SPDR | 209.54 | 8,157.13 | 2.64% |
| PGX | PowerShares Preferred | 138.84 | 3,425.68 | 4.22% |
| IAU | iShares Gold Trust | 137.77 | 5,564.28 | 2.54% |
| UWTI | VelocityShares 3X Long Crude Oil ETN | 135.09 | 769.56 | 21.29% |
| IEI | iShares 3-7 Year Treasury Bond | 122.98 | 5,198.51 | 2.42% |
| VNQ | Vanguard REIT | 120.21 | 27,234.75 | 0.44% |
| XLI | Industrial Select SPDR | 115.18 | 5,734.37 | 2.05% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 | -2,482.30 | 170,331.51 | -1.44% |
| QQQ | PowerShares QQQ | -893.74 | 38,844.47 | -2.25% |
| IWM | iShares Russell 2000 | -693.16 | 24,546.50 | -2.75% |
| DIA | SPDR Dow Jones Industrial Average Trust | -631.70 | 11,681.04 | -5.13% |
| XLK | Technology Select SPDR | -510.69 | 12,389.16 | -3.96% |
| XLF | Financial Select SPDR | -318.57 | 17,818.36 | -1.76% |
| IWD | iShares Russell 1000 Value | -252.69 | 25,801.54 | -0.97% |
| XLY | Consumer Discretionary Select SPDR | -211.80 | 10,595.61 | -1.96% |
| LQD | iShares iBoxx $ Investment Grade Corporate Bond | -205.22 | 23,927.41 | -0.85% |
| FDN | First Trust Dow Jones Internet | -182.93 | 4,373.05 | -4.02% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | -5,757.65 | 923,302.98 | -0.62% |
| International Equity | 177.25 | 372,334.84 | 0.05% |
| U.S. Fixed Income | 1,059.21 | 264,061.22 | 0.40% |
| International Fixed Income | 167.02 | 22,262.52 | 0.75% |
| Commodities | 365.37 | 36,573.75 | 1.00% |
| Currency | 21.79 | 1,125.85 | 1.94% |
| Leveraged | 440.18 | 17,810.41 | 2.47% |
| Inverse | 78.93 | 14,777.62 | 0.53% |
| Asset Allocation | -8.73 | 4,751.00 | -0.18% |
| Alternatives | -124.82 | 13,062.60 | -0.96% |
| Total: | -3,581.45 | 1,670,062.79 | -0.21% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
| MLPO | Credit Suisse S&P MLP ETN | 203 | 1,830 | 900.00% |
| KCE | SPDR S&P Capital Markets | 55,188 | 396,889 | 719.15% |
| PBJ | PowerShares Dynamic Food & Beverage | 61,371 | 265,366 | 432.40% |
| FLTB | Fidelity Limited Term Bond | 33,152 | 108,107 | 326.10% |
| TTFS | AdvisorShares TrimTabs Float Shrink | 29,146 | 91,147 | 312.72% |
| EXT | WisdomTree Total Earnings | 3,021 | 8,832 | 292.32% |
| FAD | First Trust Multi Cap Growth AlphaDEX | 9,521 | 24,901 | 261.55% |
| PSR | PowerShares Active U.S. Real Estate | 3,354 | 8,640 | 257.60% |
| FYC | First Trust Small Cap Growth AlphaDEX | 26,561 | 115,115 | 433.40% |
| RWK | Oppenheimer Mid Cap Revenue | 19,844 | 47,142 | 237.56% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| VPL | Vanguard FTSE Pacific | 0.00% | 2,405,655 | 2,926.08 |
| VOX | Vanguard Telecommunication Services | 0.00% | 171,442 | 844.54 |
| XBI | SPDR S&P Biotech | 0.00% | 19,826,373 | 1,899.18 |
| WIP | SPDR DB International Government Inflation-Protected Bond | 0.00% | 156,339 | 563.24 |
| WPS | iShares International Developed Property | 0.00% | 54,595 | 136.24 |
| XLF | Financial Select SPDR | 0.00% | 180,936,357 | 17,818.36 |
| XLU | Utilities Select SPDR | 0.00% | 38,513,774 | 5,796.43 |
| XLY | Consumer Discretionary Select SPDR | 0.00% | 30,940,748 | 10,595.61 |
| XLP | Consumer Staples Select SPDR | 0.00% | 38,340,660 | 8,157.13 |
| WMCR | Guggenheim Wilshire Micro-Cap | 0.00% | 29,078 | 19.24 |
Bottom 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| VPL | Vanguard FTSE Pacific | 0.00% | 2,405,655 | 2,926.08 |
| VOX | Vanguard Telecommunication Services | 0.00% | 171,442 | 844.54 |
| XBI | SPDR S&P Biotech | 0.00% | 19,826,373 | 1,899.18 |
| WIP | SPDR DB International Government Inflation-Protected Bond | 0.00% | 156,339 | 563.24 |
| WPS | iShares International Developed Property | 0.00% | 54,595 | 136.24 |
| XLF | Financial Select SPDR | 0.00% | 180,936,357 | 17,818.36 |
| XLU | Utilities Select SPDR | 0.00% | 38,513,774 | 5,796.43 |
| XLY | Consumer Discretionary Select SPDR | 0.00% | 30,940,748 | 10,595.61 |
| XLP | Consumer Staples Select SPDR | 0.00% | 38,340,660 | 8,157.13 |
| WMCR | Guggenheim Wilshire Micro-Cap | 0.00% | 29,078 | 19.24 |
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.
