Investing May 7, 2012
ETF Assets Decrease $5B in April
May 7, 2012 (PLANSPONSOR.com) – Exchange-traded fund (ETF) assets decreased by $5.3 billion (0.4%) in April 2012.
Reported by Rebecca Moore
According to State Street Global Advisors’ ETF Snapshot report, 1,246 ETFS with $1.2 trillion in assets were managed by 36 ETF managers as of April 30, 2012.
Investors added $2.9 billion to ETFs, as fixed income ETFs attracted $4.9 billion – increasing YTD inflows to $20.5 billion. After seeing $5.9 billion in inflows last month, large cap ETFs experienced $4.5 billion in outflows in April.
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 for the month were the SPDR S&P 500 [SPY], iShares Russell 2000 [IWM] and PowerShares QQQ [QQQ].« DOL Issues Additional Guidance for Participant Fee Disclosures