Widespread March Gains Reported for ETFs

April 8, 2010 (PLANSPONSOR.com) – State Street Global Advisors’ latest report on the exchange traded fund (ETF) market covering March 2010 activity found that 10 of 12 ETF categories gained in absolute terms.

According to the report, the Size and International categories accounted for 57% of the $54 billion in assets gained overall with bond ETFs leading in assets gained year to date, up $10.5 billion.

Other highlights of the ETF report include:

  • Large Cap had by far the largest gain in equity assets, climbing $12.9 billion, followed by Mid Cap, up $2.5 billion. In terms of performance, Small and Mid Cap rose 8% and 7.7%, respectively.
  • Performance was relatively close between Growth and Value across each size segment. Year-to-date, Value is outperforming Growth in all size categories. 
  • REITs, Financials, and Technology all had over $1 billion in asset gains for the month.
  • The top three U.S. ETF managers in March were: BlackRock, State Street, and Vanguard. Collectively, they accounted for approximately 84% of the U.S.-listed ETF market.
  • The top three U.S. ETFs in terms of dollar volume traded for the month were the SPDR S&P 500 [SPY], iShares Russell 2000 [IWM], and PowerShares QQQ [QQQQ].
  • The SPDR S&P 500 ETF [SPY] saw the most inflows, up $3.5 billion, followed by SPDR Gold Shares [GLD], up $828 million.

The State Street report is available here