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.   

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.