ETF Assets Down in June

July 11, 2011 ( - As of June 30, 2011, 1,105 Exchange Traded Funds (ETFs) - with assets totaling $1.1 trillion - were managed by 35 ETF managers, according to the State Street Global Advisors ETF Snapshot report.

Month over month, ETF assets fell $15.4 billion, down 1.4%.   

Following a May which had the first month of outflows since August of 2010, ETF flows topped $8 billion in June. The Size – Large Cap category had the most inflows, drawing $3.8 billion. The Fixed Income category continued to see positive inflows, attracting $3.3 billion in June and $16.3 billion year-to-date. With $1.3 billion leaving the category, the Style – Small Growth category saw the most significant outflows.   

After falling 6.9% in May, Commodities gave back another 5.3% in June. International – Developed and Emerging Markets declined 1.2% and 1.5%, respectively. Domestic Large Cap, Mid Cap and Small Cap markets all slipped approximately 2%, while the US Aggregate, the US Treasury, and the US Corporate Bond markets each fell roughly 0.5%.   

According to the report, the top three managers in the U.S. ETF marketplace at the end of June 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 PowerShares QQQ [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].