ETF Trends
ETF Trends

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.

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.