ETF Fund Flows (Week Ending 5/2/08)

by: Index Universe posted on: May 09, 2008 | about stocks: AGG / DIA / DUG / EFA / FXE / FXI / FXY / GLD / HYG / IBB / IJH / IJR / IVV / IWM / IWO / IYR / KBE / MDY / OIH / QID / QLD / QQQQ / RTH / SDS / SHV / SHY / SKF / TLT / UCR / USO / UUP / VWO / XHB / XLB / XLE / XLF / XLI / XLK / XLP    

By Matthew Hougan

The ETF industry ended up with $201 million in net creation activity for the week ending May 2, 2008, a light week for an industry where billion-dollar swings are the norm. Once again, the number of ETFs enjoying creation activity outnumbered the number with redemption activity, 141 to 87.

Largest Creation Value

The iShares Russell 2000 ETF (IWM) topped all funds with $1.1 billion in net creation value, helping to push total assets on the fund back over the $10 billion mark.

From there, the list of the top 20 funds is a real hodgepodge. Interestingly, the popular iShares 1-3 Year Treasury ETF (SHY) notched a second place by gathering more than $670 million in new assets, while the iShares Short Treasury (SHV) fund pulled in $154 million.

Four UltraShort ProShares funds make the list, suggesting some investors expect a pullback in the market soon: Oil & Gas, NASDAQ-100, Financials and S&P 500.

Two currency funds also make notable appearances: the PowerShares DB US Dollar Index Bullish Fund (UUP) and the Rydex Euro Currency Trust (FXE).

There are no obvious trends in where investors were placing their money.

ETF Creation Activity - Week Ending May 2, 2008

Fund

Ticker

Total Assets

Creation Value

iShares Russell 2000

IWM

10,683,400,000

1,070,160,000

iShares Lehman 1-3 Year Treasury Bond Fund

SHY

9,956,496,000

672,624,000

S&P 400 MidCap SPDR

MDY

8,962,499,480

386,075,000

iShares FTSE/Xinhua China 25

FXI

7,409,904,500

362,227,000

ProShares UltraShort Oil & Gas

DUG

1,558,836,000

289,218,000

ProShares UltraShort QQQ

QID

1,475,344,500

249,354,000

PowerShares DB US Dollar Index Bullish Fund

UUP

346,408,000

154,972,000

Rydex Euro Currency Trust

FXE

1,329,517,000

154,595,000

iShares Lehman Short Treasury Bond Fund

SHV

891,486,000

154,084,000

Select Sector SPDR-Materials

XLB

1,851,660,876

137,020,000

Select sector SPDR-Technology

XLK

3,183,269,244

126,582,000

iShares S&P MidCap 400

IJH

4,919,157,000

105,925,000

KBW Bank ETF

KBE

800,463,114

104,590,500

Vanguard Emerging Markets ETF

VWO

7,116,145,697

102,725,212

ProShares UltraShort Financials

SKF

2,038,673,250

98,080,500

MACROshares Oil Up Tradeable Shares

UCR

395,730,500

82,522,000

iShares Lehman Aggregate Bond Fund

AGG

8,795,962,000

81,256,000

SPDR S&P Homebuilders ETF

XHB

1,080,268,000

80,360,000

iShares iBoxx $ High Yield Corporate Bond Fund

HYG

729,000,000

77,760,000

ProShares UltraShort S&P 500

SDS

2,431,068,000

75,708,000

Largest Redemption Value

Redemption activity was light across the ETF space, with the Select Sector SPDR (XLE) fund topping the list with $791 million in net redemptions.

Two energy names saw significant pullbacks, with redemptions in both the Oil Services HOLDRS (OIH) and United States Oil Fund (USO).

But generally, redemptions were light across the board.

ETF Redemption Activity - Week Ending May 2, 2008

Fund

Ticker

Total Assets

Redemption Value

Select Sector SPDR-Energy

XLE

5,088,257,680

(790,955,000)

PowerShares QQQ Trust

QQQQ

18,496,830,000

(487,400,000)

Retail HOLDRS

RTH

543,309,060

(351,797,220)

Oil Services HOLDRS

OIH

2,312,570,512

(297,340,596)

streetTRACKS Gold Trust

GLD

15,920,329,000

(294,665,000)

Select Sector SPDR-Financial

XLF

8,087,375,502

(268,417,500)

DJIA DIAMONDS

DIA

9,285,319,791

(260,040,000)

United States Oil Fund LP

USO

462,315,000

(226,625,000)

iShares S&P SmallCap 600

IJR

4,345,929,000

(203,616,000)

Select Sector SPDR-Industrial

XLI

1,734,560,793

(186,192,000)

iShares MSCI-EAFE

EFA

47,076,102,000

(180,888,000)

iShares Russell 2000 Growth

IWO

2,883,040,000

(179,216,000)

iShares S&P 500

IVV

19,323,435,000

(176,437,500)

Ultra QQQ ProShares

QLD

1,091,697,750

(161,493,750)

Select Sector SPDR-Consumer Staples

XLP

2,397,592,364

(153,526,500)

iShares Nasdaq Biotech

IBB

1,363,939,500

(151,107,000)

iShares Lehman 20+ Year Treasury Bond Fund

TLT

1,662,731,000

(130,046,000)

iShares DJ US Real Estate

IYR

2,113,631,000

(127,242,000)

Rydex Japanese Yen Trust

FXY

1,002,468,500

(105,523,000)

Index Universe

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This article has one comment! Add yours below...

This article has 1 comment:

  • omooc
    May 09 09:34 PM
    My Website
    Excellent presentation. It would be even better were it more timely. A minor suggestion: present data in million $ -- this makes reading easier. Thanks for your service. omooc
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