It’s time to round up the exchange traded fund (ETFs) for June and see what the hot summer month brought. ETF assets fell to $478 billion in June, from $480 billion in May, but ETFs are in no danger of extinction. There were 19 new ETFs launched in June, bringing the total to 526. Assets in international ETFs grew by 3% to $3.7 billion, and fixed-income ETFs gained 4.3% to $1 billion, reports Aaron Siegel for InvestmentNews.
Barclays Global Investors had the most assets under management at $282 billion spread across 137 ETFs. State Street followed with $102 billion across 59 ETFs, and Vanguard Group came in third with $32.3 billion in assets of 32 ETFs. Assets fell in the following ETF areas: style 3.6%; size 3.6%; broad 1.9%.
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