November Sees Record High ETF Assets
December 8, 2009 (PLANSPONSOR.com) – According to the latest ETF Snapshot report by State Street Global Advisers (SSgA), assets in the U.S. exchange-traded fund industry totaled approximately $739 billion as of November 30, an all-time, month-end high.
ETF assets climbed $50.3 billion or 7.3% during the
month, the report said. The SPDR Gold Shares saw the most inflows during the
month ($1.1 billion), followed by the SPDR S&P 500 ($1 billion), according
to SSgA data.
The International and Size categories rose the most in
absolute terms, up $13.8 billion and $10.4 billion, respectively. Fixed Income
assets – which topped $98 billion, a gain of 5.1% for the month – were the third
largest category behind International and Size ETFs.
Performance was positive for all style categories, though
Value slightly outperformed Growth. Gains were concentrated in the Large Cap
category, which increased more than $8.3 billion.
All ten sectors had positive performance for the month,
with Materials posting an 11.6% return and Health Care posting a 9.3% return in
November. However, in spite of a 4.4% return, financials was the only sector to
lose assets in the month, down $276 million or 2.7%.
The top three managers in the U.S. ETF marketplace as of
November 30 were Barclay’s Global Investors, State Street Global Advisors, and
Vanguard, according to the SSgA data. Collectively, they accounted for
approximately 84.3% of the U.S.-listed ETF market.