Low Vol ETF Leads PowerShares 2012 Inflows
By ETF Professor | February 6, 2013 8:36 AM EST
Highlighting investors' affinity for low volatility ETFs, Invesco's (NYSE: IVZ) PowerShares unit, the fourth-largest U.S. ETF issuer, said Tuesday the PowerShares S&P 500 Low Volatility Portfolio (NYSE: SPLV) lead all PowerShares ETFs in terms of 2012 inflows.
The PowerShares S&P 500 Low Volatility Portfolio, arguably the king of low volatility ETFs, raked in over $2.1 billion in fresh assets last year to end the year with nearly $3.1 billion in assets under management, according to PowerShares data. SPLV, which debuted in May 2011, had almost $3.3 billion in AUM as of February 5, 2013.
SPLV is comprised of the 100 S&P 500 members with lowest trailing 12-month volatility. Not surprisingly, that means the ETF is heavy on utilities and consumer staples names as those sectors account for almost 31 percent and nearly 27 percent of the fund's weight.
Underscoring the notion that investors' thirst for yield was strong last year, seven of the top-10 PowerShares ETFs in terms of 2012 inflows have yields that can be considered decent. SPLV currently sports a 30-day SEC yield of three percent.
The PowerShares Emerging Markets Sovereign Debt Portfolio (NYSE: PCY) and the PowerShares Senior Loan Portfolio (NYSE: BKLN), both of which hauled more than $1 billion in assets last year, each have 30-day SEC yields of 4.08 percent.
The PowerShares Preferred Portfolio (NYSE: PGX), which has a 30-day SEC yield of 6.08 percent, was also among the top-10 asset gatherers for PowerShares in 2012.
The PowerShares DB US Dollar Bullish Fund (NYSE: UUP) was by far the PowerShares hit by the highest level of outflows as investors pulled $1.16 billion from the U.S. Dollar Index tracking ETF last year. UUP ended 2012 with $689 million in assets, but that number has since fallen to $634 million, according to PowerShares data.
For more on ETFs, click
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Most Popular Slideshows
- The Pirate Bay Founder Gottfrid Svartholm Clears That Fredrik Neij And Peter Sunde Are Not TPB Founders
- ‘The Walking Dead’ Season 5 Spoilers: Daryl Dixon Out There To Save His Two Favourite Ladies In Mid-season Finale
- [In Pictures] Police Fire As Protest Turns Into ‘Riot’ After Grand Jury Decision on Ferguson Shooting
- ‘The Walking Dead’ Season 5, Episode 8 Spoilers: Daryl Dixon Is Set To Burn The Place Down in ‘Coda’
Join the Conversation
- New Zealand Economy Benefits From Australia's Big Investments; Kiwi Down After RNBZ Comments
- ETF Outlook for Thursday, January 2 (FEZ, FXI, SPY, XHB)
- January Second Trading: Always Interesting
- 13 Things Investors Learned In 2013 - Part II
- Are Diversity and Quality the Way to Profit from the Rebound in Gold and Coal?
- Russia Is Ready for Shooting War, Will Likely Win Looming Nuclear Showdown with U.S. – Report
- Kobani ISIS Fighter Sends Out Desperate Message For Prayers And Support: Euphoria Turns Into Desperation As Kurds Advance
- Chris Algieri’s Battered Face Trends On Social Media
- Home Depot Early Black Friday 2014 Sale Up To Nov. 29, 2014 Includes Special Buys On Appliances Such As Samsung Refrigerators, Whirlpool Electric Ranges And Hoover Vacuum Cleaners
- Microsoft Band Runs Out Of Stock, But Offers $10 Gift Voucher To Wait-Listed Customers
- Black Friday Sale 2014 Deals From Amazon On Smartphones, TVs, Headsets And More
- Andrew Robb Asks Obama Not to ‘Lecture’ Australia on Climate Change