ETF Fund Flows (Week Ending 2/15/08)

by: Index Universe posted on: February 21, 2008 | about stocks: AGG / DBA / DIA / DLS / EEM / EFA / EWA / EWI / EWM / EWW / EWY / EWZ / FXI / FXP / IAI / IEF / IGE / IVV / IVW / IWB / IWD / IWM / IWS / IYR / MBB / MDY / QID / QQQQ / SDS / SHY / SMH / SPY / TLT / USO / VWO / XHB / XLE / XLF / XLK / XME

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In sum, across all 652 U.S. ETFs on the market for at least a week, there was a net $2.1 billion in redemption activity last week. All told, there were 150 ETFs with net creation activity and 98 ETFs with net redemption activity.

Largest Net Creations

The iShares Russell 2000 ETF (IWM) led all funds with over $2.5 billion in new creation activity last week, for its strongest showing in months. The iShares MSCI Emerging Markets ETF (EEM) also showed strong activity, along with the popular iShares Lehman 20+ Year Treasury Fund (TLT).

Interestingly, the Dow Diamonds (DIA) saw strong pickup, possibly related to the recent reshuffle of Dow components. The true standout this week, however, was the iShares Dow Jones U.S. Broker Dealers Index ETF (IAI), which multiplied its assets by a factor of 13 (!), from $20 million to more than $270 million.

Top 20 ETFs By Creation Activity - Week Ending February 15, 2008
Fund	Ticker	Creation Shares	Dollar Value
iShares Russell 2000	IWM	35,750,000	$2,512,510,000
iShares MSCI-Emerging Markets	EEM	4,200,000	$581,994,000
iShares Lehman 20+ Year Treasury Bond	TLT	3,700,000	$336,996,000
DJIA DIAMONDS	DIA	2,050,550	$254,063,145
iShares Dow Jones U.S. Broker-Dealers Index	IAI	5,500,000	$242,825,000
ProShares UltraShort S&P 500	SDS	3,450,000	$217,626,000
United States Oil	USO	2,700,000	$204,606,000
SPDR S&P Homebuilders	XHB	9,650,000	$196,281,000
S&P 400 MidCap SPDR	MDY	1,275,000	$184,887,750
Vanguard Emerging Markets	VWO	1,900,550	$181,217,443
iShares Lehman 1-3 Year Treasury	SHY	2,100,000	$175,791,000
ProShares UltraShort QQQ	QID	3,375,000	$171,281,250
iShares FTSE/Xinhua China 25	FXI	1,100,000	$163,339,000
iShares MSCI-Mexico	EWW	2,500,000	$140,575,000
iShares Lehman Aggregate Bond	AGG	1,300,000	$131,989,000
iShares MSCI-Italy	EWI	3,900,000	$115,362,000
PowerShares DB Agriculture	DBA	2,800,000	$108,528,000
iShares MSCI-Malaysia	EWM	7,875,000	$104,580,000
ProShares UltraShort FTSE/Xinhua China 25	FXP	975,000	$92,771,250
iShares Lehman MBS Fixed-Rate Bond Fund	MBB	900,000	$91,737,000

Largest Net Redemptions

On the flip side, there were very heavy redemptions again in the S&P 500 SPDR (SPY). This week's $5.5 billion redemption follows last week's $2.9 billion. Combined with a falling market, SPY's net assets have fallen from nearly $100 billion to just under $75 billion.

The PowerShares QQQ Trust (QQQQ) also saw heavy redemptions, at $1.6 billion.

Beyond that, it appears to be a wide sample of funds, ranging from real estate to financials, energy and technology.

Top 20 ETFs By Redemption Activity - Week Ending February 15, 2008
Fund	Ticker	Creation Shares	Dollar Value
S&P 500 SPDR	SPY	(40,400,000)	($5,454,404,000)
PowerShares QQQ Trust	QQQQ	(37,150,000)	($1,626,798,500)
Select Sector SPDR-Financial	XLF	(21,350,000)	($567,696,500)
iShares DJ US Real Estate	IYR	(7,700,000)	($485,562,000)
iShares MSCI-EAFE	EFA	(3,600,000)	($255,708,000)
iShares MSCI-Brazil	EWZ	(3,000,000)	($236,670,000)
iShares S&P Natural Resources	IGE	(1,000,000)	($125,760,000)
Select Sector SPDR-Energy	XLE	(1,700,000)	($124,168,000)
iShares S&P 500	IVV	(900,000)	($121,734,000)
Semiconductor HOLDRS	SMH	(3,772,704)	($107,672,972)
Select sector SPDR-Technology	XLK	(3,550,000)	($81,011,000)
iShares Russell MidCap Value	IWS	(600,000)	($79,374,000)
iShares Russell 1000 Value	IWD	(1,050,000)	($78,865,500)
iShares S&P 500/BARRA Growth	IVW	(1,200,000)	($76,044,000)
iShares MSCI-Australia	EWA	(2,200,000)	($58,960,000)
WisdomTree International SmallCap Dividend	DLS	(900,000)	($53,802,000)
SPDR S&P Metals & Mining	XME	(700,000)	($49,028,000)
iShares Russell 1000	IWB	(650,000)	($47,898,500)
iShares Lehman 7-10 Year Treasury	IEF	(500,000)	($44,360,000)
iShares MSCI-South Korea	EWY	(700,000)	($40,733,000)