Transportation ETF Flying High
February 12th at 10:00am by Tom Lydon
The transportation exchange traded fund (ETF) is on a roll, as it was a leading issuer for the week. Dow Jones Transportation Average (IYT) issued $500 million or 74.8% of assets. Runners up were the UltraShort Financials ProShares (SKF) which issued $430 million, 28.9% of assets and the iShares Russell 1000 (IWB), which issued $264 million or 6.9% of assets.
Charles Biderman for Forbes reports that U.S. equity ETFs redeemed $8.9 billion during the past week. Futures related ETFs redeemed $7.8 billion and non-futures related ETFs issued $614 million, while short ETFs issued $190 million.
Global equity ETFs issued $1.3 billion, while the leading issuer was iShares MSCI Emerging Markets (EEM) which issued $408 million. Other successes were iShares FTSE/Xinhua China 25 Index (FXI) at $218 million, and Vanguard Europe Pacific (VEA) which issued $91 million.
