The SPDR S’P 500 etf (NYSEArca: SPY – News ) pulled in $542.6 million yesterday, making it the No. 1 fund on IndexUniverse’s “Top 10 Creations” list. Stocks rose yesterday on a variety of positive reports about the U.S. economy and progress in resolving the debt crisis in Europe.
Net inflows yesterday were $2.06 billion and total assets under management rose to more than $1.116 trillion from $1.106 trillion on Wednesday, Jan. 18, according to data compiled by IndexUniverse.
The Dow Jones industrial average rose 96.88 points, or 0.78 percent, to close at 12,578.95. Improved homebuilder confidence, improved industrial production, hopeful news about Greece resolving its debt, and better than expected results from several U.S. financial companies were all factors that helped drive the market higher.
The S’P 500 was up by 14.37 points, or 1.11 percent, to close at 1,308.04 yesterday, the first time that it has broken 1,300 since July 28, 2011.
The No. 2 fund on the creations list was the iShares Russell 2000 Index Fund (NYSEArca: IWM – News ) which had inflows of $493.7 million. The No. 3 fund on the list was the iShares S’P 500 Index Fund (NYSEArca: IVV – News ), which had inflows of $171.0 million.
U.S.-focused fixed-income ETFs saw inflows of $205.2 million.
Redemptions
The No. 1 fund on IndexUniverse’s “Top 10 Redemptions” list was the SPDR S’P MidCap 400 ETF (NYSEArca: MDY – News ), which had outflows of $151.3 million.
The No. 2 fund on the redemptions list was the SPDR S’P Retail ETF (NYSEArca: XRT – News ), which saw outflows of $87 million. The No. 3 fund on the list was the Financial Select SPDR (NYSEArca: XLF – News ). It had outflows of $80.1 million.
Top 10 Creations (All ETFs)
Top 10 Redemptions (All ETFs)
ETF Daily Flows By Asset Class
Top 10 Volume Surprises, funds ‘$50 mm AUM
Top 10 1-Day Performers, Excluding Leverage/Inverse Funds and ’1,000 Shares Traded
Disclaimer:All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges. Read More
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