Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.
Investing February 11, 2011
U.S. ETFs See 5th Month of Positive Flows in January
February 11, 2011 (PLANSPONSOR.com) - Strategic Insight (SI) estimated that investors poured an additional $10.9 billion into U.S. Exchange-Traded Funds (ETFs) in January 2011, the fifth straight month of positive flows to ETFs.
Reported by PLANSPONSOR staff
Flows were driven mostly by demand for U.S. equity ETFs, which took in $7.8 billion for the month. Taxable bond ETFs had net inflows of $2.8 billion.
According to SI, an Asset International company,. the leading objectives in the way of net inflows in January were Growth & Income Equity ETFs, Growth Equity ETFs, International Single Country ETFs, High Yield Bond ETFs, and Global Equity Sector ETFs.
The PowerShares QQQ ($2.6 billion) topped the flows chart in January, followed by SPDR S&P 500 ($1.5 billion). Vanguard Emerging markets Stock Index ($1.3 billion); iShares MSCI Brazil Index ($1.2 billion); and SPDR DJIA ETF ($1.1 billion) rounded out the top five.
At the end of January, U.S. ETF assets stood at a record $1.02 trillion.You Might Also Like:
Retirement Industry People Moves
Turning Technology hires former head of iShares; Principal selects Dessouki as chief marketing officer; and Puerto joins J.P. Morgan Private...
Products |
Investment Product and Service Launches
Schwab Retirement partners with Newport, Conduent to expand DB, NQDC offerings; Franklin Templeton adds fixed-income ETF; PGIM launches new ETFs;...
Products |
Investment Product and Service Launches
BlackRock Debuts First Buffer ETFs; SMArtX Adds 15 Investment Strategies; Fidelity Refiles Spot Bitcoin ETF Application.