After seeing assets flow out of ETFs in May -- the first time flows have reversed direction since August 2010 -- the ETF Industry saw a 1.4%, or $8 billion, decline in overall assets in June, according to State Street Global Advisors, which just released its latest Snapshot report tracking ETF funds.
Meanwhile, Fixed Income ETFs had the third consecutive strong month, with a jump of $2.4 billion.
The Snapshot report revealed that assets in the US ETF industry totaled $1.1 trillion as of June 30, down $15.4 billion or 1.4% during the month. Fixed Income ETFs continued to see positive inflows, attracting $3.3 billion in June and $16.3 billion during the first half of 2011.
At the same time the MSCI EAFE Index dropped 1.2%, the S&P 500 Index lost 1.7%, commodities fell 5.3% in June, the S&P GSCI Index declined 5.3% and Gold fell 2.0%. US Bonds were also negative with the Barclays U.S. Treasury Index and the Barclays U.S. Aggregate Index down slightly over and slightly under 0.3%, respectively.
The Large Cap category had the most inflows, with $3.8 billion, while the small growth category saw the most outflows, with $1.3 billion.
The top three managers in the US ETF marketplace were: BlackRock, State Street, and Vanguard, which 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 PowerShares [QQQ]. 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].
The ETF industry in the United States had 1,039 ETFs and assets of US$973.5 billion, from 29 providers on two exchanges. This compares to 846 ETFs and assets of US$693.2 billion, from 30 providers on two exchanges at the end of the first half of 2010.