ETF Assets Decrease During June

Exchange-traded fund (ETF) assets decreased by $59.7 billion, or 4%, in June.

According to State Street Global Advisors’ (SSgA’s) most-recent “ETF Snapshot” report, 1,274 ETFs, with assets totaling $1.4 trillion, were managed by 39 ETF managers as of June 30.

The S& P 500 lost 1.3%, while the MSCI EAFE dropped 3.6%. Commodities were slightly positive, despite the fact that gold was down 14.5%. U.S. bonds were negative with the Barclays U.S. Treasury Index and the Barclays U.S. Aggregate Index falling 1.1% and 1.6%, respectively.

ETF outflows topped $10 billion in June. The sector-material category had a leading $1.2 billion of inflows. The fixed income category had the most significant outflows during the month, with $6.2 billion leaving the category.

The top three managers in the U.S. ETF marketplace were BlackRock, State Street and Vanguard. Collectively, they account for approximately 82% 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 iShares MSCI Emerging Markets [EEM]. The top three ETFs in terms of assets for the month were the SPDR S&P 500 [SPY], Vanguard Emerging Markets [VWO] and iShares S&P 500 [IVV].

In terms of market performance by asset class, International Developed decreased by 3.6%, while Emerging Markets dropped 6.4%. Domestic Large Cap, Mid Cap and Small Cap markets lost 1.3%, 1.9% and 0.2%, respectively. The U.S. Aggregate, the U.S. Treasury and the U.S. Corporate Bond markets were all negative, losing 1.6%, 1.1% and 2.9%, respectively. Commodities were up 0.2%.