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Tuesday, July 03, 2012

ETF AUM Hit the Trillion Mark

News summary by MFWire's editors

The U.S. ETF industry has passed the one trillion dollar mark, according to research from State Street.

State Street Advisors [profile] has released figures that show that the U.S. ETF industry has grown to more than $1.1 trillion in AUM at the end of May, reports AdvisorOne. The ETF space has 1,251 funds, and the 7.1 percent asset growth increased the AUM by $75 billion since the end of 2011.

A new fund provider has joined the ETF space, bringing the number of providers who have launched products this year to 17. There are more than three dozen ETF advisors all counted.

In the report 2012 ETF & Investment Outlook: Sinking or Swimming, David Mazza, SSgA strategist of SPDR ETF Strategy and Consulting, wrote:
With one new entrant into the market, ETFs are now offered by 37 fund providers. Similar to years past, the top three (Blackrock, State Street and Vanguard) control over 83% of the market. Two SPDR ETFs, the SPDR S&P 500 (SPY) and SPDR Gold Shares (GLD), remain the world's largest funds.
The ETF industry has attracted more than $60 billion of new cash during the first five months of 2012. The dividend/fundamental ETFs remain the most popular, attracting $8.9 billion of inflows so far in 2012. 

Edited by: HFD

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