State Street Global Advisors’ (SSgA) latest monthly statistical report indicated that International, Style, Size, Specialty and Broad Market ETFs enjoyed gains of $6 billion, $5 billion, $5 billion, $2 billion and $1 billion respectively.
As of May 31, 2007, 507 ETFs in the U.S. were managed by 16 ETF managers, with assets totaling approximately $480 billion. Overall, industry assets increased by about 4%.
Thirty-two new ETFs were launched during May. State Street launched five ETFs tracking domestic fixed income market segments. BGI, Van Eck, Claymore, and First Trust Advisors launched 5, 1, 1 and 20, respectively.
In terms of managers, Barclays Global Investors (BGI) had the largest AUM with $284 billion in 136 ETFs, followed by State Street with $104 billion in 58 ETFs.
International ETFs saw assets grow by over $6 billion in May. iShares MSCI (EFA) was the category leader, contributing over $1 billion in asset growth.
Also in May, according to the SSgA report:
- style ETFs showed strong growth for the month, adding over $5 billion.
- size ETFs continued their growth, collectively adding approximately $5 billion.
- sector ETFs slid this month, losing approximately $401 million.
- specialty ETFs gathered assets for the month, adding over $2 billion.
As a group, sector-based ETFs experienced a loss of $401 million in assets. Health Care added the greatest assets for the period, climbing by $436 million.
More information about the SSgA data is at http://www.ssgafunds.com/etf/index.jsp.