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The Markets March 8, 2011
ETF Assets at $1T
February flows for exchange-traded funds (ETFs) topped $6 billion—the sixth consecutive month of
positive flows, reports State Street Global
Advisors (SSgA).
Reported by Fred Schneyer
At month-end, 985 ETFs with assets totaling approximately $1 trillion were managed by 34 ETF managers. ETF industry assets rose $34.9 billion for the month, up 3.5%.
According to the SSgA report, International – Developed and Energy had the most inflows with $3.7 billion and $2.5 billion, respectively. International – Emerging had the most outflows, losing $5.3 billion —its second consecutive month of negative flows.
Meanwhile, 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 iShares MSCI Emerging Markets [EEM]. 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].