August 28, 2008 at 1:00 am by Tom Lydon
July was a notoriously troubled month for the markets, but not all exchange traded funds (ETFs) were suffering.
John Spence for MarketWatch notes that there were 708 U.S.-listed ETFs in July, with 24 managers at the helm, and $578 billion in assets, according to State Street. Sure, it’s dwarfed by mutual funds’ $12 trillion.
But don’t count ETFs out: of the 10 best-selling funds in July, seven of them were ETFs. Financial Research Corp. in Boston gave the results, according to monthly flow reports. It’s a good snapshot as to where investors were looking last month:
- SPDR S&P 500 (SPY)
- SPDR Gold Shares (GLD)
- iShares MSCI Emerging Markets (EEM)
- ProShares UltraShort Financials (SKF)
- iShares Russell 2000 (IWM)
- Energy Select Sector SPDR (XLE)
- iShares FTSE/Xinhua China 25 Index (FXI)
Tags: Asia, China, EEM, Emerging Markets, Financial, FXI, GLD, Gold, IWM, Precious Metals, S&P 500, Sector ETFs, SKF, SPY, XLE
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