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 $12.9 billion in June brought ETF net cash inflows year-to-data up to $75.9 billion.
Overall assets under management in exchange-traded products, covering 1,476 exchange-traded funds and exchange-traded notes, surged by $41.1 billion in June to end at $1.18 trillion. All of the asset and flow data included in this article was released on Tuesday, July 3rd by the ETF Industry Association.
U.S. equity exchange-traded products did well in June with total net inflows of $4.6 billion. These U.S. equity funds represent the second largest recipient of new money at $22.7 billion year-to-date. $1.3 billion flowed into SPDR S&P 500 (SPY) reversing the year-to-date net outflow to a net gain of $561 million. PowerShares QQQ (QQQ) pulled in a $1.4 billion net cash flow in June while $454 million exited from SPDR DJIA (DIA).
Together with the nearly $1.2 billion flowing into the global and international equity ETF category, equity inflows outpaced fixed income in June. The largest June inflows came to Vanguard MSCI Emerging Markets (VWO) at $1.0 billion, making this fund the largest collector of year-to-date cash flow at $7.4 billion. iShares MSCI-Emerging Mkts (EEM) at $226 million, Wisdom Tree EM Equity Income (DEM) at $223 million and iShares MSCI-Brazil (EWZ) at $133 million all drew in positive net cash flows for June.In the 18th consecutive month of net inflows, another $4.8 billion entered fixed income ETFs in June setting the mark for year-to-date inflow at $35.1 billion. June witnessed large inflows of $1.3 billion into iShares iBoxx Inv Grade Corp Bond (LQD), $372 million into Vanguard Barclays Total Bond (BND), and $591 million into Vanguard Barclays Short Term Bond (BSV). Government note investments didn't fare as well with $650 million flowing out of iShares Barclays 1-3 Yr Treas (SHY) and $117 million exiting from iShares Barclays 7-10 Yr Treas (IEF). Some of the largest June 2012 inflows included $502 million to SPDR Gold (GLD), $582 million to Vanguard MSCI REIT (VNQ), and $770 million to iShares Barclays Intermediate Credit (CIU). Some of the largest June 2012 outflows included $965 million from Vanguard MSCI SmallCap (VB), $515 million from iShares Russell Midcap (IWR), and $523 million from Vanguard MSCI LargeCap Value (VTV). Among the exchange-traded fund issuers for June 2012, SSgA accumulated the most inflows at $4.8 billion. This was followed by Blackrock (BLK) bringing in net cash flows of $3.5 billion, Invesco/PowerShares inflows at $1.7 billion, and Vanguard inflows at $1.3 billion. -- Reported by Kevin Baker in Palm Beach Gardens, Fla.
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