June ETF Data: The Assets Keeps Coming
Thursday, July 8th, 2010Michael Johnston submits:
The latest figures for the ETF industry are out, and the numbers continue to impress. ETF assets finished the first half of the year at just under $788 billion, down about $10 billion from the previous month. But that decline was attributable primarily to sinking asset values; cash inflows for the month of June totaled $12.4 billion, about twice May’s level. In a reversal of recent months, domestic equities saw big inflows in June, taking in $3.6 billion. By asset class, that figure trailed only fixed income ETFs, which hauled in nearly $5 billion in June and have now seen more than $18 billion in inflows on the year.
From an issuer perspective, June was a great month for the industry’s biggest players; the vast majority of the inflows on the month were into funds offered by iShares, State Street (STT), and Vanguard. Charles Schwab (SCHW), which announced expense ratio cuts to most of its product line last month, took in $124 million, or an impressive 11% of May assets. Among the smaller issuers, June was a great month for Global X, which saw inflows of $29 million, or almost 14% of May assets.
