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The Markets November 9, 2012
ETF Assets Decrease in October
Exchange-traded
fund (ETF) assets decreased $11.9 billion, or 0.9%, in October.
Reported by Rebecca Moore
According to the State Street Global Advisors (SSgA) ETF Snapshot report, 1,240 ETFs, with assets totaling $1.3 trillion, were managed by 37 ETF managers as of October 31. During the month, the S&P 500 Index dropped 1.8%, while the MSCI EAFE Index increased 0.8%. Bonds were mixed.
ETF flows topped $2.7 billion in October, with the fixed-income category contributing $5 billion of inflows. The large-cap size category had the most significant outflows—$9.2 billion.
By asset class, international developed ETFs earned 0.8% while emerging markets lost 0.6%. Domestic large-cap, mid-cap and small-cap were all negative, losing 1.8%, 0.8% and 2%, respectively. The U.S. aggregate and U.S. Treasury markets were relatively flat, while the U.S. corporate bond market returned 1.1% and commodities dropped 4.1%.
BlackRock, State Street and Vanguard remain the top three ETF managers, accounting for 83% of the U.S.-listed ETF market.