Investors Increased Appetite for Large Cap and International ETFs

May 9, 2011 ( - ETF industry assets rose $60.5 billion for the month of April - up 5.7%, according to State Street Global Advisors' ETF Snapshot report.

As of April 30, 2011, 1038 Exchange Traded Funds (ETFs)—with assets totaling $1.12 trillion – were managed by 35 ETF managers.  

April marked the eighth consecutive month of positive flows, SSgA said. Large Cap had the most inflows, drawing $6.7 billion, after two consecutive months of outflows. International – Developed and International – Emerging followed up last month’s inflows with another strong month, attracting $3.0 billion and $3.6 billion, respectively.  

According to the report, 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 traded for the month were the SPDR S&P 500 [SPY], iShares Russell 2000 [IWM], and iShares Silver Trust [SLV]. 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].   

Commodities and Gold prices continued their string of positive performance in April, gaining 4.4% and 6.7%, respectively. Both International – Developed and Emerging Markets had a strong month with positive performance of 6.1% and 3.1%, respectively. Domestic Large Cap, Mid Cap and Small Cap markets were all positive performers, rising in the 2.5 to 3.0% range.