The Markets May 10, 2010

ETF Assets Increase $23B in April

Exchange-traded-fund (ETF) assets increased by $23.3 billion for the month of April, totaling $830 billion, according to the latest ETF Snapshot from State Street.
Reported by

Small-cap ETFs had the most influx during the month, climbing $2.7 billion, followed by mid-cap at $1.7 billion. Materials and REITs each had $1.2 billion in gains, while health care fell $644 million.   
The top three managers in the U.S. ETF marketplace as of the end of April were BlackRock, State Street, and The Vanguard Group. Together, they accounted for about 84% of the U.S. listed ETF market, according to the report.   

Top three U.S. ETFs in terms of dollar volume traded for the month were the SPDR S&P 500, iShares Russell 2000, and PowerShares QQQ. The top three ETFs in terms of assets were the SPDR S&P 500, SPDR Gold Shares, and iShares MSCI EAFE.  

Reporting performance, the report showed small- and mid-cap ETFs rose 5.8% and 3.9% in April, respectively. Value outperformed growth in all size segments in April as well as year-to-date.    

Seven of the 10 sectors rose year-to-date and three—Telecommunications, Utilities, and Health Care—are down year to date.

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