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Analyst Blogs
ETF Industry Data - First Half of 2008
July 21, 2008
Investors poured more than $23.2 billion into ETFs in the first half of 2008. I've got all the numbers.
A few commentators have recently pointed out that total ETF assets are down this year, and it's true: According to the American Stock Exchange, ETF assets under management in the U.S. fell about $50 billion in the first half of 2008, from $623 billion to $573 billion.
But those numbers reflect a tough period for stocks, with the S&P 500 down 12% and the MSCI EAFE Index of international stocks down 10%. As mentioned, investors actually poured an additional $23.2 billion of new money into ETFs, according to my research.
The ETF industry also laid the groundwork for continued growth:
- ETF product issuers launched 84 new funds, while 18 unsuccessful funds were closed.
- Five new ETF product issuers entered the market: Bear Stearns, ALPS, GreenHaven, Northern Trust and RevenueShares
On a company-by-company basis, Vanguard showed the strongest inflows, attracting more than $17.1 billion in new money. That was followed by ProShares at $9.8 billion, Van Eck at $3.3 billion, WisdomTree at $820 million and Rydex at $812 million.
On the flip side were SSgA, which saw $8 billion in net redemption activity, BGI with $1.4 billion in redemptions and HOLDRS with $1.2 billion in redemptions.
| ETF Issuers YTD Creation Activity - As Of June 30, 2008 | |
| Vanguard | 17,150,469,182 |
| ProShares | 9,825,560,250 |
| Van Eck | 3,321,563,000 |
| WisdomTree | 819,551,000 |
| Rydex | 811,877,429 |
| PowerShares | 639,256,008 |
| Victoria Bay | 404,849,912 |
| Claymore | 388,367,740 |
| First Trust | 227,639,000 |
| Bear Stearns | 50,125,000 |
| Northern Trust | 48,542,000 |
| RevenueShares | 40,794,054 |
| XShares | 34,452,000 |
| Greenhaven | 30,168,000 |
| SPA | 6,335,000 |
| ALPS | 4,197,300 |
| Ziegler | (2,388,000) |
| FocusShares | (3,903,000) |
| Fidelity | (8,813,000) |
| MacroShares | (37,524,000) |
| HOLDRS | (1,159,392,548) |
| BGI | (1,408,622,000) |
| SSgA | (8,004,484,242) |
Previous Page
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The Reason ETFs Are Still Winning Out
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