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. A net cash inflow of $3.0 billion in April brought net cash inflows year-to-data up to $58.9 billion.
Overall assets under management in exchange-traded products, covering 1,458 exchange-traded funds and exchange-traded notes, eroded by $4.9 billion in April to end at $1.2 trillion. All of the asset and flow data included in this article was released on Thursday, May 3rd by the ETF Industry Association.
A torrent of $5 billion flowed into fixed income ETFs in April in the 16th consecutive month of net inflows. Fixed income ETFs have swelled by $21.3 billion so far this year. $622 million flowed into iShares iBoxx Inv Grade Corp Bond (LQD) and $505 million entered iShares iBoxx High Yield Corp Bond (HYG).
On the other hand, April 2012 witnessed exchange-traded product outflows of $1.7 billion from U.S. equity funds of which $206 million exited long leveraged and $248 million fled short leveraged U.S. equity products. Even after April's $1.2 billion outflow from all commodity funds, that sector has still attracted $3.4 billion in net inflows year-to-date. Total real estate inflows remain strong, adding another $750 million in April.Some of the largest April 2012 inflows included $1.0 billion to iShares Russell 2000 (IWM), $650 million to SPDR Industrial (XLI), $618 million to Vanguard S&P 500 (VOO), and $597 million to Vanguard MSCI Emerging Markets (VWO). Some of the largest April 2012 outflows included $2.6 billion from PowerShares QQQ (QQQ), $1.7 billion from SPDR S&P 500 (SPY), $1 billion from SPDR DJIA (DIA), $803 million from iShares MSCI-EAFE (EFA), and $683 million from iShares MSCI-Emerging Mkts (EEM). Among the exchange-traded product issuers for April 2012, Vanguard attracted the most inflows at $4.4 billion. This was followed by Van Eck with an inflow of $951 million and Blackrock (BLK) adding $917 million. -- Reported by Kevin Baker in Jupiter, Fla.
For additional Investment Research check out our Ratings Research Center.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV