Assets in U.S.-listed exchange traded funds (ETFs) and exchange traded notes (ETNs) reached $744.7 billion in January 2010. That’s an increase of approximately 48% over a year earlier, when assets totaled $504.6 billion. On the downside, it’s a decrease from December 2009, when assets stood at $790 billion.At the end of January 2010, there were 947 listed products, compared with 856 listed products at the end of January 2009. January 2010 net cash outflows from all ETFs/ETNs totaled approximately $17.3 billion, according to the National Stock Exchange.
Renewed concerns about a market recovery sent investors to fixed-income, which led all product categories with more than $3.1 billion in net cash flow. U.S. equities had record monthly net cash outflows for the category of more than $19.8 billion for the month of January 2010. [January reflected a less-than-heartwarming picture of the industry.]
Carl Delfeld for Seeking Alpha reports that exchange traded products assets could grow by more than one-fifth this year. Assets globally stand around $1 trillion. In 2009, assets under management in ETFs grew by 43.8%, boosted by a greater than 20% rise in global equities.
For more stories about ETF numbers, visit our ETF Performance Reports category.
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.