The Markets March 8, 2010

ETFs Fared Well in February

State Street’s latest ETF Snapshot report reveals assets in the U.S. exchange-traded-fund (ETF) industry totaled $752 billion as of February 28—up $21.5 billion or 2.9% during the month.
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All 13 categories gained in absolute terms, according to the report. The size category accounted for 43% of the $21.5 billion gained overall.

By style, large cap had the largest gain in assets, climbing $6.7 billion, followed by small cap, up $1.7 billion. Gains were spread evenly among nine of the 10 sectors for a cumulative gain of $3.4 billion.

The top three managers in the U.S. ETF marketplace in February were BlackRock, State Street Global Advisors (State Street), and Vanguard. Collectively, they accounted for approximately 83.8% of the U.S.-listed ETF market.

The top three U.S. ETFs in terms of dollar volume traded for the month were the SPDR S&P 500 [SPY], PowerShares QQQ [QQQQ], and iShares Russell 2000 [IWM].

More information is available at www.spdrs.com.

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