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September 20th, 2011 by

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.

Continued here:
ETF Fund Flows: SPY Bleeds $5.1 Billion

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