Deals & People November 8, 2010

SageView Hires Retirement Plan Consultant

James McCrary joined SageView Advisory Group as a Retirement Plan Consultant in the West Team.
Reported by

According to a press release, McCrary has more than 20 years in the financial services industry. He served as Vice President of Retirement Plans for American Funds, as well as a wholesaler and product manager for them for 17 years. More recently, McCrary was Vice President of Retirement Plans for Bryson Financial Group in Long Beach, California.  

McCrary received a Bachelor of Arts degree from the University of California, Santa Barbara.
The Markets November 8, 2010

ETFs End October at $925 Billion

ETF industry assets rose $39.9 billion last month, up 4.5%, to $925 billion, according to the latest data from State Street Global Advisors (SSgA).
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Gains in the International category accounted for 36% of the total gain in ETF AUM, State Street said in a news release. Currency remains the only category with negative AUM growth YTD.

Large Cap assets rose the most for the month – $ 4.7 billion – followed by Large Growth, Mid Cap, and Allcap. Technology rose $1.7 billion, or 16.2%.

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The top three managers in the U.S. ETF marketplace were: BlackRock, State Street, and Vanguard. Collectively, they accounted for approximately 84% of the U.S. listed ETF market, the news release said.

The top three 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]. Meanwhile, the top three ETFs in terms of assets for the month were the SPDR S&P 500 [SPY], SPDR Gold Shares [GLD], and iShares MSCI Emerging Markets [EEM].

The Technology Select Sector SPDR ETF [XLK] had inflows of $1 billion, followed by the SPDR S&P Dividend ETF [SDY] with $721 million.

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