Through the first half of the year, ETF
assets were down $3.5 billion or 0.4%. As of June 30, 897 ETFs were managed by
33 ETF managers.
The reported noted that the S&P 500 Index
fell 5.2% while the MSCI EAFE Index fell 1%, in June. U.S. bonds rose, with the
Barclays U.S. Treasury Index gaining 1.9% and the Barclays U.S. Aggregate Index
climbing 1.6%. Gold rose $37 to $1,244 per ounce.
Declines in the Size and Style categories
accounted for the majority of the total drop in ETF AUM. The Fixed Income and
Commodity categories rose $6.2 billion and $3.1 billion,
respectively.
Year to date, the only areas with positive
asset growth are Commodities, up $11 billion; Fixed Income, up $21 billion;
Dividend/Fundamental, up $2 billion; and Inverse/Leveraged, up $1.8
billion.
Large Cap assets fell $3.9 billion, followed
by Small Cap, down $2.2 billion. All Sector categories declined in assets
except Utilities, which gained $55 million. Energy and Financials each fell
over $1 billion in assets for the month.
According to the report, the top three
managers in the U.S. ETF marketplace at the end of June were BlackRock, State
Street, and Vanguard. Collectively, they accounted for approximately 84% 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 [QQQQ]. SPDR
Gold Shares [GLD] saw the most inflows, $2.3 billion, followed by SPDR S&P
500, $1.6 billion.