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The Markets May 8, 2012
ETF Assets Decreased $5B in April
Exchange-traded fund (ETF) assets dropped by $5.3
billion (0.4%) in April.
Reported by Rebecca Moore
According to State Street Global Advisors’ ETF Snapshot report, 1,246 ETFS with $1.2 trillion in assets were managed by 36 ETF managers as of April 30.
Investors added $2.9 billion to ETFs, as fixed-income ETFs attracted $4.9 billion—increasing year-to-date inflows to $20.5 billion. After $5.9 billion in inflows last month, large-cap ETFs experienced $4.5 billion in outflows in April.
The top three managers in the U.S. ETF marketplace were BlackRock, State Street and Vanguard. Collectively, they account for approximately 83% of the U.S.-listed ETF market.
The top three ETFs in terms of dollar volume for the month were the SPDR S&P 500, iShares Russell 2000 and PowerShares QQQ.