Other fixed income products including iShares TIPS Bond (NYSEArca: TIP) as well as SPDR High Yield Bond (NYSEArca: JNK), and iShares High Yield Corporate Bond (NYSEArca: HYG) were also among the leaders in inflows last week, reeling in $270 million, $165 million, and $153 million respectively.
Other ETFs that were active on the inflows side last week included Vanguard Emerging Markets (NYSEArca: VWO), SPDR Gold (NYSEArca: GLD), Vanguard Dividend Appreciation (NYSEArca: VIG), and infrequently traded iShares MSCI All Country Asia ex-Japan (NasdaqGM: AAXJ), taking in a cumulative $856 million in new assets.
On the outflows side, assets left both Small and Mid Cap based U.S. equity funds, as nearly $1 billion flowed out of iShares Russell 2000 (NYSEArca: IWM) and $750 million left SPDR S&P Midcap 400 (NYSEArca: MDY).
A number of sector specific U.S. equity funds as well as country specific ones also saw substantial net outflows last week to end the quarter.
SPDR Industrials (NYSEArca: XLI), iShares MSCI Brazil (NYSEArca: EWZ), SPDR Energy (NYSEArca: XLE), iShares DJ U.S. Real Estate (NYSEArca: IYR), iShares MSCI Hong Kong (NYSEArca: EWH) andiShares MSCI Germany (NYSEArca: EWG) lost $1.5 billion in assets via redemptions.
Finally, the VIX itself was very volatile on an intraday basis last week as equities gyrated between gains and losses. After dipping below the $15 level early last week, VIX nearly touched its 50 day moving average on two occasions, peaking near $17.50 before falling right back to close at $15.50 on Friday. Thus, even though absolute levels of the VIX are still in benign territory, the “volatility of the VIX” itself remains rather high and will be watched closely in the coming week.
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