ETF Watch (Week Ending April 4)

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Includes: DIA, DVY, EWG, EWI, EWW, EWY, EZU, FXE, FXI, FXP, GDX, IAI, IJR, IVV, IWM, IWR, IWV, IYR, IYT, KBE, MDY, OEF, OIH, QQQ, RWR, SHY, SKF, SPY, TIP, TLT, USO, VO, WETF, XLE, XLF, XLI, XLK, XLU, XLY, XME, XRT
by: IndexUniverse

By Matthew Hougan

Investors poured more than $9 billion into ETFs for the week ending April 4, 2008, showering the industry with new money and pushing total assets over management above $600 billion. 160 ETFs had net creation activity, while just 87 ETFs saw net redemptions.

Largest Net Creations

The Select Sector SPDR - Energy (NYSEARCA:XLE) led all ETFs in new creation activity for the week ending April 4, posting $1.6 billion in net creations. It's not clear if this is long or short demand: The price of crude oil is hitting new highs, while the "crack spread" (a key to refinery profits) is hitting new lows. Either way, assets in this fund surged for the week.

Dow Diamonds (NYSEARCA:DIA) also had a large influx of money, with $1.6 billion in new assets, while the iShares Lehman 20+ Year Treasury Bond Fund (NYSEARCA:TLT) brought in nearly $900 million in new funds.

Scrolling down the list, a number of Select Sector Funds saw large creation activity, as well as a few ProShares UltraShort products.

Largest Net Creation Activity: Week Ending April 4, 2008

Fund Name

Ticker

Net Assets

Net Creation Activity

Select Sector SPDR-Energy

XLE

$6,376,479,648

$1,627,393,922

DJIA DIAMONDS

DIA

$12,019,389,487

$1,589,742,000

iShares Lehman 20+ Year Treasury Bond Fund

TLT

$1,910,636,000

$894,140,000

PowerShares QQQ Trust

QQQQ

$18,243,569,500

$748,007,000

iShares S&P 500

IVV

$17,090,750,000

$630,200,000

Select Sector SPDR-Industrial

XLI

$2,085,811,773

$561,438,828

Select Sector SPDR-Utilities

XLU

$2,711,123,580

$418,683,756

iShares S&P SmallCap 600

IJR

$4,354,856,000

$374,880,000

iShares DJ US Real Estate

IYR

$2,236,160,000

$373,858,000

iShares FTSE/Xinhua China 25

FXI

$6,069,615,000

$290,760,000

ProShares UltraShort Financials

SKF

$2,394,885,000

$257,677,500

iShares MSCI-Germany

EWG

$2,152,416,000

$249,834,000

Select Sector SPDR-Consumer Discretionary

XLY

$1,073,872,693

$231,481,608

ProShares UltraShort FTSE/Xinhua China 25

FXP

$638,444,250

$224,318,250

iShares MSCI-Mexico

EWW

$1,780,600,000

$196,480,000

United States Oil Fund LP

USO

$823,086,000

$191,222,000

S&P 500 SPDR

SPY

$83,964,566,383

$170,987,500

Select sector SPDR-Technology

XLK

$2,756,469,318

$157,207,500

SPDR S&P Metals & Mining ETF

XME

$540,492,000

$155,484,000

iShares MSCI-EMU

EZU

$2,539,464,000

$139,225,000

Click to enlarge

Net Redemption Activity

Redemption activity was light for the week. Investors pulled more than $400 million out of the iShares Russell 2000 ETF (NYSEARCA:IWM), and more than $300 million out of S&P 400 MidCap SPDRs (NYSEARCA:MDY).

Largest Net Redemption Activity: Week Ending April 4, 2008

Fund Name

Ticker

Net Assets

Net Redemption Activity

iShares Russell 2000

IWM

$11,168,980,000

-$416,169,000

S&P 400 MidCap SPDR

MDY

$8,395,213,200

-$309,645,000

iShares S&P 100 Index Fund

OEF

$4,001,783,500

-$206,277,500

iShares Dow Jones U.S. Broker-Dealers Index Fund

IAI

$402,930,000

-$140,415,000

iShares Dow Jones Select Dividend Index Fund

DVY

$6,035,838,000

-$121,080,000

Select Sector SPDR-Financial

XLF

$8,177,976,502

-$117,566,475

KBW Bank ETF

KBE

$610,662,924

-$101,748,076

iShares MSCI-South Korea

EWY

$3,053,987,500

-$98,323,500

SPDR S&P Retail ETF

XRT

$257,067,500

-$87,900,500

iShares MSCI-Italy

EWI

$306,424,500

-$82,323,000

DJ Wilshire REIT ETF

RWR

$1,345,958,976

-$79,212,928

Oil Services HOLDRS

OIH

$2,666,734,268

-$77,597,972

Market Vectors Gold Miners ETF

GDX

$1,885,215,150

-$77,536,000

Vanguard Mid-Cap ETF

VO

$1,082,295,475

-$63,927,000

iShares DJ US Transportation

IYT

$447,050,000

-$53,646,000

iShares Russell 3000

IWV

$2,773,251,000

-$51,356,500

iShares Russell MidCap

IWR

$3,450,438,000

-$38,988,000

iShares Lehman 1-3 Year Treasury Bond Fund

SHY

$9,473,013,000

-$33,444,000

iShares Lehman TIPS Bond Fund

TIP

$6,621,013,000

-$32,403,000

Rydex Euro Currency Trust

FXE

$1,128,340,800

-$31,342,800

Click to enlarge

ETF League Table: Week Ending April 4, 2008

State Street Global Advisors rode strong demand for its Select Sector SPDRs and SPY ETFs to post the largest net creation activity by fund family, with more than $4.7 billion in net inflows. They rode that trend to more than $8.8 billion in total asset growth.

BGI pulled in the next largest amount of assets, at just over $3 billion. Its total assets jumped even higher - more than $11.9 billion - thanks to its largest asset base.

ProShares, PowerShares and Vanguard rounded out the top five by creation value

On the flip side, the HOLDRs saw the largest net redemptions by far, at more than $100 million.

ETF Families Sorted By Net Creation Activity For The Week Ending March 14, 2008

Family

Net Assets

Net Asset Change

Total Creation Value

SSgA

$164,608,916,504

$8,862,393,130

$4,728,359,030

BGI

$310,983,484,550

$11,896,637,600

$3,074,401,700

ProShares

$16,163,906,930

$53,164,580

$866,396,250

PowerShares

$38,080,434,000

$2,101,507,900

$764,291,400

Vanguard

$45,949,951,197

$1,924,717,935

$392,921,008

Victoria Bay

$1,326,792,000

$148,639,000

$185,289,000

MacroShares

$3,274,406,500

$24,000,000

$63,231,000

Xshares

$250,025,538

$10,250,445

$4,770,000

First Trust

$913,857,224

$37,388,403

$2,015,500

SPA

$16,683,466

$535,640

$0

RevenueShares

$15,281,225

$574,997

$0

Ziegler

$4,951,080

$171,360

$0

Greenhaven

$29,502,000

-$648,000

$0

FocusShares

$25,445,423

$1,696,797

$0

Fidelity

$83,736,000

$3,897,000

$0

Bear Stearns

$50,185,000

-$5,000

$0

Ameristock

$13,168,512

-$162,288

$0

Rydex

$6,040,470,048

$19,447,464

-$2,132,298

Claymore

$1,779,970,416

$86,470,464

-$2,861,000

WisdomTree

$4,458,292,000

$109,147,500

-$7,932,000

Van Eck

$5,144,495,650

-$14,178,525

-$77,708,500

HOLDRS

$7,653,099,179

-$14,940,488,946

-$104,859,117

Click to enlarge