Weekly Flows: Treasurys Favored, Junk Dumped

Investors bought up Treasury ETFs, while dumping their holdings of the largest junk bond ETFs in the week ending Thursday, Jan. 14.

etf.com Staff

Jan 15, 2016

Reviewed by: etf.com Staff

Edited by: etf.com Staff

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The bloodbath in stocks continued in the second trading week of the year, as the S&P 500 revisited the lows from 2015, around the 1,867 level. In turn, investors cashed out of their U.S. equity ETFs to the tune of $2.5 billion. In total, U.S.-listed ETFs of all kinds saw outflows of $1.4 billion in the week ending Thursday, Jan 14.

As stocks fell precipitously, investors sought the safety of safe havens such as Treasuys. The iShares 7-10 Year Treasury Bond ETF (IEF | A-55) and the iShares 20+ Year Treasury Bond ETF (TLT | A-83) were big winners, with inflows of $870 million and $727 million, respectively.

However, while fixed-income ETFs on the whole saw net inflows, there were some ugly areas, such as junk bonds. Investors dumped high-yield funds aggressively, including the iShares iBoxx $ High Yield Corporate Bond ETF (HYG | B-68) and the SPDR Barclays High Yield ETF (JNK | B-68), which had outflows of $1.3 billion and $567 million, respectively.

Another notable loser was the WisdomTree Europe Hedged Equity ETF (HEDJ | B-49), the inflows leader of last year. It had outflows of nearly $400 million in the latest week.

In contrast, one notable winner in the week was the Energy Select SPDR (XLE | A-91), which had inflows of $550 million despite a fresh 12-year low in oil prices below $30/barrel.

Top 10 Creations (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
IEF	iShares 7-10 Year Treasury Bond	870.02	8,914.20	10.82%
VOO	Vanguard S&P 500	803.01	39,150.93	2.09%
TLT	iShares 20+ Year Treasury Bond	727.00	7,079.07	11.45%
XLE	Energy Select SPDR	550.34	11,384.51	5.08%
SHY	iShares 1-3 Year Treasury Bond	532.92	12,069.66	4.62%
MDY	SPDR S&P MidCap 400	514.34	13,857.93	3.85%
BND	Vanguard Total Bond Market	478.62	28,102.79	1.73%
LQD	iShares iBoxx $ Investment Grade Corporate Bond	457.37	24,154.81	1.93%
VXUS	Vanguard Total International Stock	315.65	4,842.88	6.97%
AGG	iShares Core U.S. Aggregate Bond	304.36	31,100.18	0.99%

Top 10 Redemptions (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
SPY	SPDR S&P 500	-1,738.80	162,844.07	-1.06%
HYG	iShares iBoxx $ High Yield Corporate Bond	-1,263.63	12,935.91	-8.90%
JNK	SPDR Barclays High Yield Bond	-567.01	8,687.24	-6.13%
HEDJ	WisdomTree Europe Hedged Equity	-399.40	15,088.81	-2.58%
IVV	iShares Core S&P 500	-395.60	65,705.15	-0.60%
VWO	Vanguard FTSE Emerging Markets	-294.42	31,215.34	-0.93%
XLK	Technology Select SPDR	-286.00	11,979.97	-2.33%
IWF	iShares Russell 1000 Growth	-258.12	29,210.13	-0.88%
DXJ	WisdomTree Japan Hedged Equity	-252.39	13,100.38	-1.89%
VTI	Vanguard Total Stock Market	-240.45	53,467.35	-0.45%

ETF Weekly Flows By Asset Class

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	-2,534.91	664,785.72	-0.38%
International Equity	-1,876.52	269,978.47	-0.70%
U.S. Fixed Income	2,481.34	199,248.57	1.25%
International Fixed Income	-116.44	16,689.90	-0.70%
Commodities	292.84	28,065.94	1.04%
Currency	-104.85	805.85	-13.01%
Leveraged	640.45	56,633.34	1.13%
Inverse	46.36	11,465.55	0.40%
Asset Allocation	-132.19	3,459.96	-3.82%
Alternatives	-85.45	7,146.68	-1.20%
Total:	-1,389.36	1,258,279.99	-0.11%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker	Name	Average Volume (30 Day)	1 Week Average Volume	% of Average
EWRI	Guggenheim Russell 1000 Equal Weight	6,246	20,925	335.03%
KBWD	PowerShares KBW High Dividend Yield Financial	122,658	359,692	293.25%
PDN	PowerShares FTSE RAFI Developed Markets ex-U.S. Small-Mid	46,430	133,762	288.09%
FUTY	Fidelity MSCI Utilities	78,679	255,957	325.32%
ALTS	ProShares Morningstar Alternatives Solution	10,612	21,957	206.92%
EQL	ALPS Equal Weight	10,217	21,262	208.11%
JKF	iShares Morningstar Large-Cap Value	25,820	46,183	178.86%
KBWY	PowerShares KBW Premium Yield Equity REIT	23,220	65,110	280.41%
FXU	First Trust Utilities AlphaDEX	255,882	481,613	188.22%
PSI	PowerShares Dynamic Semiconductors	27,805	56,295	202.46%

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

Ticker	Name	Weekly Performance	Weekly Volume	AUM ($, mm)
OLO	DB Crude Oil Long ETN	17.91%	420,471	13.85
CVOL	C-Tracks Citi Volatility ETN	11.18%	1,622,421	4.08
THD	iShares MSCI Thailand Capped	5.62%	1,187,104	207.83
VXZ	iPath S&P 500 VIX Mid-Term Futures ETN	4.86%	4,106,560	45.20
VXUP	AccuShares Spot CBOE VIX Up Shares	4.68%	5,186	2.48
VIXM	ProShares VIX Mid-term	4.46%	206,775	30.66
VIIZ	VelocityShares VIX Mid Term ETN	3.76%	9,088	0.68
VIIX	VelocityShares VIX Short Term ETN	3.04%	3,491,523	11.40
VXX	iPath S&P 500 VIX Short-Term Futures ETN	2.92%	567,309,266	670.95
VIXY	ProShares VIX Short-Term	2.87%	34,952,016	101.97

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

Ticker	Name	Weekly Performance	Weekly Volume	AUM ($, mm)
GAZ	iPath Bloomberg Natural Gas Subindex Total Return ETN	-16.78%	160,554	4.32
PGM	iPath Bloomberg Platinum Subindex Total Return ETN	-15.93%	5,679	8.06
GRN	iPath Global Carbon ETN	-13.70%	26,320	2.77
SILJ	PureFunds ISE Junior Silver (Small Cap Miners/Explorers)	-13.60%	51,842	3.14
SGDM	Sprott Gold Miners	-13.01%	290,567	96.19
GLDX	Global X Gold Explorers	-12.53%	574,972	24.80
IOIL	IQ Global Oil Small Cap	-12.45%	3,653	2.19
GDXJ	Market Vectors Junior Gold Miners	-12.35%	38,629,074	1,225.02
SGDJ	Sprott Junior Gold Miners	-12.16%	64,370	23.39
GDX	Market Vectors Gold Miners	-11.76%	298,596,572	4,288.00

Top 10 YTD Performers

Ticker	Name	YTD Performance	Weekly Performance	AUM ($, mm)
CVOL	C-Tracks Citi Volatility ETN	32.72%	1.21%	4.08
VIIX	VelocityShares VIX Short Term ETN	21.11%	-2.12%	11.40
VIXY	ProShares VIX Short-Term	21.01%	-2.18%	101.97
VXX	iPath S&P 500 VIX Short-Term Futures ETN	20.85%	-2.17%	670.95
VXUP	AccuShares Spot CBOE VIX Up Shares	20.66%	-0.13%	2.48
OLO	DB Crude Oil Long ETN	19.44%	-13.77%	13.85
VIXM	ProShares VIX Mid-term	10.58%	1.08%	30.66
VXZ	iPath S&P 500 VIX Mid-Term Futures ETN	10.41%	1.40%	45.20
VIIZ	VelocityShares VIX Mid Term ETN	9.13%	2.62%	0.68
BTAL	QuantShares U.S. Market Neutral Anti-Beta	6.72%	1.61%	43.04

Bottom 10 YTD Performers

Ticker	Name	YTD Performance	Weekly Performance	AUM ($, mm)
MLPO	Credit Suisse S&P MLP ETN	-27.90%	-12.70%	63.95
BBC	BioShares Biotechnology Clinical Trials	-24.96%	-8.44%	17.46
CNCR	Loncar Cancer Immunotherapy	-21.67%	-8.02%	13.19
CNXT	Market Vectors ChinaAMC SME-ChiNext	-21.46%	-2.29%	41.39
KFYP	KraneShares CSI New China	-21.17%	-4.64%	2.60
ASHS	Deutsche X-trackers Harvest CSI 500 China-A Shares Small Cap ETF	-21.08%	-5.02%	33.15
AMZA	InfraCap Active MLP	-19.65%	-8.26%	16.06
GRN	iPath Global Carbon ETN	-19.39%	-11.31%	2.77
SBIO	ALPS Medical Breakthroughs ETF	-19.33%	-6.19%	128.30
MLPG	ETRACS Alerian Natural Gas MLP ETN	-19.21%	-9.16%	16.79

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 Flows: Treasurys Favored, Junk Dumped

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