September ETF Data: Extended Summer Rally
Wednesday, October 7th, 2009Michael Johnston submits:
The September numbers are in, and the ETF industry’s winning streak is alive and well. Total assets under management increased from approximately $672 billion in August to $705 billion in September, aided by strong performances from equity markets but also by more than $9 billion of inflows into ETFs as investors embrace the benefits of the exchange-traded structure. Inflows ETFs seeing cash inflows outnumbered those experiencing outflows by more than 2-to-1, with 413 ETFs/ETNs growing and only 171 had contracting for the month.
ETF Issuers
iShares ($3.8 billion) and Vanguard ($2.7 billion) saw the biggest inflows for the month, but the wealth was certainly spread around the ETF industry. ProShares and Direxion, leaders in the leveraged ETF space, saw inflows of about $820 million and $405 million, respectively, a clear sign that leveraged funds remain popular among investors despite the storm of controversy that has surrounded these companies this year.
