ETF Assets Rise $9B in July

Exchange-traded fund (ETF) assets rose $9 billion in July, up 0.8%, according to State Street Global Advisors.

State Street’s ETF Snapshot report for July 2011 said 1,108 ETFs – with assets totaling $1.1 trillion – were managed by 36 ETF managers as of July 31, 2011.   

ETF flows topped $13 billion in July. Large Cap had the most inflows for the second straight month, drawing $6 billion. Fixed Income continued to see positive inflows, attracting $2.6 billion in July and $18.8 billion year-to-date. With $1.9 billion leaving the category, Small Cap saw the most significant outflows.   

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The top three managers in the U.S. ETF marketplace 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]. The top three ETFs in terms of assets for the month were the SPDR S&P 500 [SPY], SPDR Gold Shares [GLD] and Vanguard Emerging Markets [VWO].   

By asset class, after falling in both May and June, Commodities returned positive in July, gaining 2.4%. International Developed and Emerging Markets declined 1.6% and 0.4%, respectively. Domestic Large cap, Mid Cap, and Small Cap markets all continued to decline, dropping 2.0%, 3.5%, and 3.2%, respectively. Conversely, the US Aggregate, the US Treasury, and the US Corporate bond markets were all positive in July.

Standard Taps Two New Pension Consultants

The Standard has announced the appointment of two new pension consultants.

 

Mark Zoltay has been named as pension consultant for the firm’s Denver Retirement Plans Office. He will be responsible for retirement plan sales in Colorado and Wyoming.  Scott Harrison has been named as pension consultant for its Los Angeles Retirement Plans Office, where he will be responsible for retirement plan sales in Los Angeles, Ventura and San Bernardino counties.

According to the announcement, Zoltay has worked in the retirement plan services industry for more than 14 years. Prior to joining The Standard, he served as a regional sales director for MassMutual Retirement Services, and he also previously worked as a director of business development for Principal Mutual.  He is a current board member of the Western Pension and Benefits Conference, Denver Chapter.

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Harrison has worked in the retirement plan services industry for nearly 20 years. Prior to joining The Standard, he served as a regional sales director for AUL/One America, and he also previously worked as a pension sales representative at Guardian Insurance and Annuity Corporation and a consultant at Transamerica Asset Management. 

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