Investing September 13, 2007

ETF Assets Reach $505B in August

September 13, 2007 (PLANSPONSOR.com) - U.S. listed ETF assets rose by approximately $23 billion in August with Size, Sector, Style and Fixed Income ETFs experiencing considerable asset growth.
Reported by

State Street Global Advisors’ (SSgA) latest monthly statistical report indicated that Size, Sector, Style and Fixed Income ETFs enjoyed gains of $17 billion, $3 billion, $2 billion and $1 billion, respectively.

Seven new ETFs were launched during August, bringing the total number of ETFs to 507, managed by 17 ETF managers.

The top three managers in the US ETF marketplace as of August 31, 2007 were Barclays Global Investors (BGI), with assets under management reaching $284 billion in 136 ETFs, followed by State Street with $104 billion in 58 ETFs.

The top three US ETFs in terms of dollar volume traded for the month were the SPDR S&P 500; the iShares Russell 2000 Index Fund; and the NASDAQ 100 Index Tracking Stock.

The top three US ETFs in terms of assets as of August 31, 2007 were the SPDR S&P 500, the iShares MSCI EAFE Fund, and the NASDAQ 100 Index Tracking Stock.

Information Technology, Consumer Staples, and Health Care were the top three performers, respectively returning 2.7%, 2.5%, and 2.3%.The Materials sector performed the poorest in August, returning -0.8%.

For SSgA’s complete ETF report go here .

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