June 11, 2012
--- Exchange-traded fund (ETF) assets decreased $67.4 billion, or 5.7%, in May. ---
According to the ETF Snapshot Report
from State Street Global Advisors, 1,251 ETFs with assets totaling $1.1
trillion were managed by 37 ETF managers as of the end of the
Market decreases were the reason for
the fall in assets, as flows into ETFs topped $5 billion in May. The fixed-income
category had $7.9 billion of inflows. International-emerging had the highest
outflows of $3.5 billion.
As for market performance, international-developed
and emerging markets decreased 11.5% and 11.2%, respectively. Domestic large cap,
mid cap and small cap were all negative, losing 6.0%, 6.5% and 6.3%,
respectively. Commodities fell 13.0%. The U.S. Aggregate, U.S. Treasury and
U.S. Corporate Bond categories posted market gains at 0.9%, 1.7% and 0.7%
The top three managers in the U.S.
ETF marketplace in May were BlackRock, State Street and Vanguard. Collectively
they account for approximately 83% of the U.S.-listed ETF market. The top three
ETFs in terms of dollar volume traded for the month were the SPDR S&P 500
[SPY], iShares Russell 2000 [IWM] and PowerShares QQQ [QQQ].