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by Beverly Chandler, Opalesque London:
BlackRock’s half yearly report on the state of the global ETF industry reveals that current economic uncertainty has caused greater inflows into relatively low risk ETF products.
BlackRock found that at half time in 2011, the ETF industry in the United States had 1,039 ETFs and assets of US$973.5bn, from 29 providers on two exchanges. This compares to 846 ETFs and assets of US$693.2bn, from 30 providers on two exchanges at the end of the first half of 2010.
US$58.9bn of net new assets went into United States listed ETFs/ETPs in 2011 YTD according to the report. US$32.8bn net inflows went into equity ETFs/ETPs, of which US$20.3bn net inflows went into ETFs/ETPs tracking United States equity indices, while ETFs/ETPs tracking emerging market indices saw net outflows of US$2.8bn. US$18.4bn net inflows went into fixed income ETFs/ETPs, of which US$4.5bn net inflows went into government bond ETFs/ETPs and US$3.7bn net inflows went into corporate bond ETFs/ETPs. US$3.7bn net inflows went into commodity ETFs/ETPs, of which US$4.3bn net inflows went into ETFs/ETPs providing exposure to agricultural commodities, while ETFs/ETPs providing exposure to precious metals saw US$2.1bn net outflows. US$5.7bn net inflows went into leveraged and inverse ETFs/ETPs in 2011 YTD, of which US$3.9bn net inflows went into leveraged inverse ETFs/ETPs and US$1.7bn net inflows went into inverse ETFs/ETPs.
Year to date to end of first half 2011, of th...................... To view our full article Click here
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