ETF Trends
ETF Trends

Exchange traded funds (ETFs) have had a busy week. During this past week, U.S. equity ETFs issued $1.2 billion. Futures-related ETFs issued $396 million, nonfutures-related ETFs issued $3.6 billion and short ETFs issued $201 million. The leading issuers were DIAMONDS Trust, series 1 (DIA), which issued $2.0 billion; iShares Russell 1000 Growth Index (IWF), which issued $493 million; and Vanguard REIT Index ETF (VNQ), which issued $400 million, according to a Trim Tabs Weekly Liquidity Review for Forbes.

The leading redeemers were iShares Russell 2000 Index (IWM), which redeemed $965 million; SPDRs (SPY), which redeemed $626 million; and Materials Select Sector SPDR (XLB), which redeemed $523 million.

As of September 28, 2007, 560 ETFs in the U.S. were offered by 17 ETF providers, with assets totaling about $554 billion. Fifteen new ETFs were launched during September.

International and size-based ETFs experienced considerable asset growth, respectively gaining $18 billion and $17 billion, with sector, commodity, style, specialty, and fixed-income ETFs all adding more than $1 billion each. Of the 17 managers, Barclays had the largest assets under management at $311 billion across 139 ETFs, followed by State Street with $133 billion in assets under management across 60 ETFs, according to a State Street Global Advisors newsletter.

US ETF ASSET GROWTH (ENDING 9/28/2007)

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.