ETF Assets Rise, Trading Volumes Fall In First Half '09
August 10, 2009
Global ETF assets rose by 11% in the first half of 2009, Barclays Global Investors (BGI) reports in its July 2009 ETF Landscape publication, released last week. However, it reveals that daily ETF trading volumes in 2009 are so far running 17% below those seen last year.
Quoting research firm Strategic Insight, BGI estimates that investor inflows to ETFs totaled US$36.6 billion during the first five months of the year. By comparison, net sales of mutual funds totaled US$99 billion over the same period.
The number of European ETFs exceeded the tally in the US for the first time, reaching 713 by the end of June versus 693 in the US. However, the US ETF market remains substantially larger, totaling US$538 billion as opposed to Europe’s US$166 billion at the end of the first half.