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By Beverly Chandler, Opalesque London:
BlackRock's latest report on the ETF industry in the US reveals that at the end of July 2011, the ETF industry in the United States had 1,042 ETFs and assets of US$969.4 bn, from 30 providers on two exchanges. This compares with figures from a year ago, showing 866 ETFs
and assets of US$741.3 Bn, from 30 providers on two exchanges at the end of July 2010.
29 January 2011 marked the 18th anniversary of ETFs in the United States.
The figures show that ETF assets have decreased by 0.4% from US$973.5 bn in June 2011 to US$969.4 Bn in July 2011, a figures which BlackRock points out is less than the 2.1% decrease in the MSCI US Index in US dollar terms. Over the month of July 2011, US$13.2 bn net inflows went into United States listed ETFs/ETPs in July 2011. US$6.0 bn net inflows went into equity ETFs/ETPs, of which US$3.9 bn net inflows went into ETFs/ETPs tracking United States equity indices and US$0.8 bn net inflows went into ETFs/ETPs tracking global (ex-United States) equity indices.
Over the month, US$2.9 bn net inflows went into fixed income ETFs/ETPs, of which US$1.0 bn net inflows went into high yield ETFs/ETPs, while inflation linked ETFs/ETPs
experienced US$0.1 bn net outflows. Commodities saw US$4.2 bn net inflows, of which US$4.6 bn net inflows went into ETFs/ETPs providing exposure to precious metals, while ETFs/ETPs providing exposure to energy experienced US$0.7 bn net outflows.
Leveraged and ...................... To view our full article Click here
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