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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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