Assets in U.S.-listed exchange traded funds (ETFs) and exchange traded notes (ETNs) totaled approximately $814.8 billion at August 2010 month-end. The industry is still seeing growth amid outflows.
August 2010 net cash outflows from all ETFs/ETNs totaled approximately $1.9 billion, with year-to-date net cash inflows totaling $47.6 billion.
But international funds were still hot: total international equities led all product categories with more than $4.5 billion in net cash inflows. Total U.S. Equities had net cash outflows of more than $10.9 billion for the month of August 2010. [Check Out the August ETF Performance Report.]
The major U.S. indexes are reflecting the outflows seen in U.S. equities. The Dow Jones Industrial Average has its worst month since 2001, declining 4.3%. The S&P 500 lost 4.7% and the Nasdaq was hardest hit, losing 6.2% in August.
At the end of August 2010, the number of listed products reached 1046, with 437 ETFs and ETNs posting more than $100 million in assets. [Where ETF Providers Are Going.]
Tisha Guerrero contributed to this article.
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.