ETF Fund Flows: SPY Bleeds $5.1 Billion

Investors yanked $5.1 billion, or 6 percent of assets, from the SPDR S&P 500 ETF (NYSEArca: SPY) on Monday, as concerns about eurozone countries being able to honor their debt obligations again put financial markets on tenterhooks and sent stocks lower.

The iShares Russell 2000 Index Fund (NYSEArca: IWM) was second on IndexUniverse’s “Top 10 Redemptions” list, and the Energy Select Sector SPDR ETF (NYSEArca: XLE) was third. IWM suffered outflows of $464.1 million and investors pulled $271.1 million from XLE.

Overall, net outflows totaled $4.35 billion and total U.S.-listed ETF assets fell Monday to almost $1.037 trillion from more than $1.052 trillion on Friday, according to data compiled by IndexUniverse. The market’s drop was behind a good part of the decline in assets.

The Dow Jones industrial average fell 108.08 points, or 0.9 percent, to 11,401.01 as economic policymakers prepared to take new action to ensure that Europe’s debt problems don’t completely spoil the macroeconomic environment. One troubling development yesterday was S&P’s downgrade of Italy, which added to concerns about Greece’s large debt load.

Unsurprisingly, banks were in investors’ cross hairs, with the Financial Select Sector SPDR ETF (NYSEArca: XLF) bleeding $134.3 million, amounting to 3 percent of its assets.

A number of currency ETFs also lost assets in yesterday’s session, including the Rydex CurrencyShares Canadian Dollar ETF (NYSEArca: FXC). It had redemptions of $95.3 million, or 9 percent of its assets.

Also, the PowerShares DB US Dollar Index Bearish (NYSEArca: UDN) lost the better part of half of its assets to redemptions yesterday. The ETF suffered outflows of $55.6 million, or 43 percent of its assets. It had $72.3 million by the end of the session.

Creations

Yesterday’s most popular ETF was the iShares MSCI EAFE Index Fund (NYSEArca: EFA), which added $355 million in assets. It ended the session a nearly $33 billion fund.

On a percentage basis, creations in the SPDR S&P Retail ETF (NYSEArca: XRT), almost always sizable, jumped 60 percent, or $277 million. XRT ended Monday with $736 million in assets.

The PowerShares QQQ Trust (NasdaqGM: QQQ) gathered $314.3 million, putting it in the No. 2 spot on IndexUniverse’s “Top 10 Creations” list.

Additionally, the iShares Barclays TIPS Bond Fund (NYSEArca: TIP) pulled in $242.8 million, bringing assets in the ETF to $21.1 billion.

Top 10 Creations (All ETFs)

EFA	iShares MSCI EAFE	354.99	32,984.78	1%
QQQ	PowerShares QQQ	314.30	23,356.96	1%
XRT	SPDR S&P Retail	276.95	736.05	60%
TIP	iShares Barclays TIPS Bond	242.79	21,099.41	1%
DIA	SPDR Dow Jones Industrial Average Trust	210.46	9,714.36	2%
XLB	Materials Select SPDR	134.36	1,892.09	8%
IYR	iShares Dow Jones U.S. Real Estate	113.90	3,219.88	4%
FAZ	Direxion Daily Financial Bear 3x	94.64	1,060.06	10%
VEA	Vanguard MSCI EAFE	93.72	6,431.89	1%
QID	ProShares UltraShort QQQ	67.15	698.92	11%

Top 10 Redemptions (All ETFs)

SPY	SPDR S&P 500	-5,077.60	86,924.70	-6%
IWM	iShares Russell 2000	-464.13	13,269.86	-3%
XLE	Energy Select SPDR	-271.05	7,594.38	-3%
SHV	iShares Barclays Short Treasury Bond	-165.36	3,759.21	-4%
XLF	Financial Select SPDR	-134.33	4,670.70	-3%
FXC	CurrencyShares Canadian Dollar	-95.28	922.69	-9%
TBT	ProShares UltraShort 20+ Year Treasury	-75.24	4,231.69	-2%
QLD	ProShares Ultra QQQ	-57.48	721.73	-7%
UDN	PowerShares DB US Dollar Index Bearish	-55.59	72.27	-43%
XLY	Consumer Discretionary Select SPDR	-50.93	1,884.41	-3%

ETF Daily Flows By Asset Class

U.S. Equity	-5,016.39	447,888.49	-1.12%
International Equity	399.53	249,421.86	0.16%
U.S. Fixed Income	307.83	157,512.06	0.20%
International Fixed Income	40.67	12,537.08	0.32%
Commodities	-102.95	123,247.45	-0.08%
Currency	-113.19	5,000.40	-2.26%
Leveraged	-253.39	13,353.42	-1.90%
Inverse	381.26	23,791.36	1.60%
Asset Allocation	–	894.20	0.00%
Alternatives	7.41	3,160.87	0.23%
Total:	-4,349.22	1,036,807.18	-0.42%

Top 10 Volume Surprises, Funds >$50 mm AUM

GWL	SPDR S&P World ex-US	39,549	184,292	466%
FDL	First Trust Morningstar Dividend Leaders	212,613	875,430	412%
GRI	Cohen & Steers Global Realty Majors	9,540	34,672	363%
DTH	WisdomTree DEFA Equity Income	28,131	100,445	357%
EPHE	iShares MSCI Philippines Investable Market	48,487	169,211	349%
SHV	iShares Barclays Short Treasury Bond	521,873	1,697,224	325%
VNM	Market Vectors Vietnam	159,223	504,789	317%
SCHH	Schwab U. S. REIT	81,355	249,945	307%
TAN	Guggenheim Solar	458,058	1,386,300	303%
PPLT	ETFS Physical Platinum	105,702	303,897	288%

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

FCL	Focus Morningstar Consumer Cyclical	7.91%	2,255	4.88
VNM	Market Vectors Vietnam	4.96%	504,789	253.73
FWDI	Madrona Forward International	4.45%	3,420	12.53
WXSP	Guggenheim Wilshire 4500 Completion	4.25%	3,200	5.52
VXAA	ETRACS 1-Month S&P 500 VIX Futures ETN	3.48%	277,400	10.48
ZROZ	PIMCO 25+ Year Zero Coupon U.S. Treasury	3.45%	12,572	128.46
VIXY	ProShares VIX Short-Term	3.38%	367,064	29.84
VXX	iPath S&P 500 VIX Short-Term Futures ETN	3.35%	32,113,385	914.97
VIIX	VelocityShares VIX Short Term ETN	3.31%	64,800	41.69
EDV	Vanguard Extended Duration Treasury	3.20%	73,509	134.20

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

BDCS	ETRACS Wells Fargo Business Company Index ETN	-6.95%	32,400	8.14
COPX	Global X Copper Miners	-5.63%	41,686	46.87
BAL	iPath Dow Jones-UBS Cotton Total Return ETN	-5.42%	99,868	85.24
EIDO	iShares MSCI Indonesia Investable Market	-5.31%	205,956	288.13
CU	First Trust ISE Global Copper	-5.30%	33,649	83.17
CTNN	iPath Pure Beta Cotton ETN	-5.11%	2,073	5.81
IDX	Market Vectors Indonesia	-5.05%	659,110	557.63
KWT	Market Vectors Solar Energy	-4.70%	66,390	14.32
PLTM	First Trust ISE Global Platinum	-4.54%	5,665	9.80
EWD	iShares MSCI Sweden	-4.47%	172,657	287.74

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.

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ETF Fund Flows: SPY Bleeds $5.1 Billion