Unexpected Outflows Start To Hit IYR, As Vanguard’s Lead Expands

money flow

Analyst/ETF Trader Paul Weisbruch of Street One Financial brings us his daily fund flows update, which today focuses on some surprising outflows in a major real estate fund, a distinct lack of volatility, and markets that suddenly seem to be standing still.

We spoke yesterday about VNQ (Vanguard REIT) asset supremacy in the REIT ETF space and interestingly we have seen some outflows in the second largest fund in this category lately. IYR (iShares U.S. Real Estate) has seen some liquidations ($335 million out), which puts VNQ even further in the driver’s seat in terms of size in this category.

ETF/Index options trading has been rather uneventful for the past couple sessions, but with a $10 handle VIX, perhaps this is the new norm.

Fund flows have been uneventful for the past forty eight hours or so for the most part as well, and perhaps we will pick up going into the next couple weeks as this suddenly anemic month of May heads toward its end.

The iShares US Real Estate ETF (NYSE:IYR) was trading at $77.51 per share on Tuesday afternoon, down $0.36 (-0.46%). Year-to-date, IYR has gained 0.74%, versus a 7.43% rise in the benchmark S&P 500 index during the same period.

IYR currently has an ETF Daily News SMART Grade of B (Buy), and is ranked #5 of 20 ETFs in the Real Estate ETFs category.

Disclaimer: The content of this article is excerpted from a daily newsletter from Street One Financial. While ETF Daily News may edit the contents and add a relevant title to the piece, the author, Paul Weisbruch, does not endorse or recommend any issuer or security mentioned herein.

About the Author: Paul Weisbruch

paul-weisbruchPaul Weisbruch is the VP of ETF/Options Sales and Trading at Street One Financial. Prior to joining the team at Street One, Paul served as the Director of RIA and Institutional ETF Sales at RevenueShares ETFs from December 2007 until November of 2009. Before RevenueShares, Paul was employed by Susquehanna International Group from 2000 until 2007 serving in roles including OTC/NYSE Institutional Block Trading, Nasdaq/OTC Market Making, ETF/Derivatives Intelligence and Strategy, Algorithmic Trading, as well as acting as the PHLX Floor Specialist in the ETFs, SPY and DIA.Paul has been actively involved in the ETF space from both a product and trading standpoint since 2000. Additionally, Paul has well forged relationships with national RIAs, institutional pension fund managers and consultants, mutual fund and hedge fund managers, and also the ETF media. Co-authoring the “S1F ETF Daily” since 2009, the daily piece has become a must for many portfolio managers in the ETF space, with segments regularly appearing in the likes of Barron’s, WSJ, and ETFTrends.com for instance.

He holds his Series 4 (Registered Options Principal), 6, 7, 55 (Equity Trader), 63, and 65 licenses. He graduated from the University of Pittsburgh (B.S. – Economics), graduating magna cum laude, and has an MBA from Villanova University.