NEW YORK (TheStreet Ratings) -- Each month, the ETF Industry Association) analyzes the assets under management and the net cash flow data for a growing list of U.S. exchange-traded funds. Net cash inflows totaling $17.1 billion in July brought ETF net cash inflows year-to-data up to $93.0 billion.
Overall assets under management in exchange-traded products, covering 1,486 exchange-traded funds and exchange-traded notes, surged by $55.7 billion in July to end at $1.21 trillion. All of the asset and flow data included in this article was released on Thursday, August 2nd by the ETF Industry Association.
Total net inflows to U.S. equity exchange-traded products accelerated in July reaching $14.2 billion for the month. U.S. equity funds represent the largest recipient of new money at $36.9 billion year-to-date surpassing the inflow to fixed income funds. $2.9 billion flowed into SPDR S&P 500 (SPY)
adding to the year-to-date net inflow of $3.5 billion. PowerShares QQQ (QQQ)
pulled in a $528 million net cash flow in July along with $855 million into SPDR DJIA (DIA)
, $1.6 billion into iShares Russell 2000 (IWM)
, $823 million into iShares S&P 100 (OEF)
, and $540 million into iShares S&P 500 (IVV)
$3.0 billion flowed into the global and international equity ETF category, second only to U.S. equity inflows for July. The largest July inflows came to Vanguard MSCI Emerging Markets (VWO)
at $1.5 billion, increasing year-to-date cash inflows to $9.0 billion. Vanguard MSCI EAFE (VEA)
at $265 million and Wisdom Tree EM Equity Income (DEM)
at $107 million had decent inflows for July.
In the 19th consecutive month of net inflows, another $470 million entered fixed income ETFs in July setting the mark for year-to-date inflow at $35.5 billion. Fixed income funds attracting the largest July inflows were $968 million into iShares iBoxx High Yield Corp Bond (HYG)
and $620 million into SPDR Barclays High Yield Bond (JNK)
. $1.6 billion flowing out of iShares Barclays 1-3 Yr Treas (SHY)
and $523 million exiting iShares Barclays 7-10 Yr Treas (IEF)
limited the overall increase in new cash to fixed income ETFs.
Some of the largest July 2012 inflows included $481 million to iShares DJ US Select Dividend (DVY)
, $482 million to iShares S&P US Preferred Stock (PFF)
, and $588 million to iShares JPM USD Emerging Mkt Bond (EMB)
Some of the largest July 2012 outflows included $1.4 billion from SPDR Gold (GLD)
, $239 million from iShares Barclays TIPS (TIP)
, and $262 million from iShares Barclays 1-3 Yr Credit (CSJ)
Among the exchange-traded fund issuers for July 2012, SSgA accumulated the most inflows at $4.33 billion. This was followed by Vanguard bringing in net cash flows of $4.29 billion, Blackrock (BLK)
at $3.83, Invesco/PowerShares inflows at $1.34 billion, and PIMCO inflows at $669 million.
-- Reported by Kevin Baker in Palm Beach Gardens, Fla.
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