ETF Fund Flows (Week Ending 1/11/08)

In sum across all 646 U.S. ETFs on the market, there was more than $3.1 billion in net creation activity last week. Not bad for a down week on the market.

Largest Net Creations

The iShares Russell 2000 ETF (IWM) leads all ETFs in the creation department this week, with nearly $2.6 billion in new shares being creating. Last week, it was near the top of the redemptions board.

The other big winner this week was the iShares S&P 500 ETF (IVV), with $2.3 billion in creates, adding to the $800 million in new shares created last week.

It's no surprise to see the streetTRACKS Gold Trust (GLD) among the top five funds, with over $400 million in new shares. John Spence recently reported on Marketwatch.com that GLD has grown so fast that its custodian had to find a new, large vault to store all the gold.

Moving down the list, there is strong demand for agriculture ETF shares, with both the PowerShares DB Agriculture and Market Vectors - Agribusiness factoring into the top ten.

Top 20 ETFs By Creation Activity - Week Ending January 11, 2008
Fund	Ticker	Creation Shares	Dollar Value
iShares Russell 2000	IWM	36,800,000	$2,596,608,000
iShares S&P 500	IVV	16,250,000	$2,282,800,000
iShares DJ US Real Estate	IYR	6,800,000	$415,956,000
iShares MSCI-EAFE	EFA	5,400,000	$407,376,000
streetTRACKS Gold Trust	GLD	4,600,000	$406,778,000
Select Sector SPDR-Utilities	XLU	7,402,500	$320,602,275
PowerShares DB Agriculture	DBA	8,000,000	$282,160,000
Market Vectors-Agribusiness	MOO	3,550,000	$201,320,500
Ultra QQQ ProShares	QLD	2,325,000	$193,021,500
DJIA DIAMONDS	DIA	1,350,000	$170,154,000
iShares Russell 1000	IWB	2,200,000	$167,552,000
iShares S&P GSSI Natural Resources	IGE	1,200,000	$156,192,000
Select Sector SPDR-Health Care	XLV	3,650,750	$133,069,838
iShares Lehman Aggregate Bond	AGG	1,200,000	$122,796,000
Market Vectors Gold Miners	GDX	2,250,000	$118,327,500
Select Sector SPDR-Consumer Staples	XLP	3,901,250	$110,132,288
iShares Lehman 20+ Year Treasury Bond	TLT	1,100,000	$103,730,000
Vanguard Total Bond Market	BND	1,300,000	$100,841,000
KBW Regional Banking	KRE	2,850,100	$95,706,358
UltraShort FTSE/Xinhua China 25 ProShares	FXP	1,200,000	$90,360,000

Largest Net Redemptions

The list of top ETF redemptions includes many of the most popular ETFs on the market today, such as the iShares MSCI Emerging Markets ETF (EEM) and the S&P 500 SPDR.

It is interesting to see the redemptions on the UltraShort QQQ and UltraShort S&P 500 ETFs, two ETFs favored by short sellers.

Top 20 ETFs By Redemption Activity - Week Ending January 11, 2008
Fund	Ticker	Creation Shares	Dollar Value
iShares MSCI-Emerging Markets	EEM	(12,450,000)	($1,838,118,000)
PowerShares QQQ Trust	QQQQ	(35,000,000)	($1,646,400,000)
S&P 500 SPDR	SPY	(4,450,000)	($622,822,000)
S&P 400 MidCap SPDR	MDY	(2,600,000)	($376,038,000)
Select Sector SPDR-Materials	XLB	(8,798,450)	($351,762,031)
iShares Russell 1000 Growth	IWF	(3,750,000)	($216,600,000)
iShares FTSE/Xinhua China 25	FXI	(1,150,000)	($198,375,000)
iShares S&P SmallCap 600	IJR	(3,000,000)	($181,020,000)
Select Sector SPDR-Industrial	XLI	(4,398,550)	($160,063,235)
iShares Dow Jones Select Dividend Index	DVY	(2,550,000)	($158,278,500)
UltraShort QQQ ProShares	QID	(3,525,000)	($157,920,000)
iShares Russell 2000 Growth	IWO	(1,850,000)	($143,338,000)
Select Sector SPDR-Energy	XLE	(1,799,100)	($136,137,897)
SPDR S&P Retail ETF	XRT	(4,550,000)	($135,453,500)
iShares Russell MidCap Value	IWS	(1,000,000)	($132,870,000)
iShares Russell 1000 Value	IWD	(1,650,000)	($127,429,500)
iShares Russell 2000 Value	IWN	(1,750,000)	($114,712,500)
UltraShort S&P 500 ProShares	SDS	(1,650,000)	($97,333,500)
United States Natural Gas Fund	UNG	(2,200,000)	($86,966,000)
iShares Lehman 1-3 Year Treasury Bond	SHY	(1,000,000)	($82,860,000)

Written by Matthew Hougan