The most-recent “ETF Snapshot” report from State Street
Global Advisors also found Europe experienced ETF inflows of $4 billion during
October, increasing its year-to-date inflows to $13.5 billion. The Asia-Pacific
region had inflows of $4.8 billion, increasing its year-to-date inflows to
In terms of global performance by asset class, MSCI AC World
IMI increased 3.9%, while MSCI EAFE gained 3.4%. Emerging markets returned
4.9%, while emerging markets small cap rose 4.4% The U.S. large cap, mid cap
and small cap markets were all positive, increasing by 4.6%, 3.7% and 3.6%,
respectively. The global aggregate gained 1% and the global treasury ex-U.S.
grew 1.1%. The U.S. high yield, the U.S. aggregate, the U.S. Treasury and the
U.S. corporate bond markets were all positive in October. The U.S. real estate
investment trust (REIT) market was up 4.1%. Commodities were negative, with the
Dow Jones-UBS Commodity Index losing 1.5% and gold dropping 0.2%.
Global ETF inflows topped $35.3 billion in October. Equity
had inflows of $36.4 billion. The equity inflows were driven by the developed
large cap category, with $8.3 billion in inflows, and the developed mid cap
category, with $6.7 billion in inflows. Fixed income had inflows of $1.1
billion, which were driven by inflows of $2.9 billion into developed markets
corporate high yield.
The top three families in the global ETF
marketplace were BlackRock, State Street and Vanguard. Collectively, they
account for approximately 71% of the global ETF market.