Investors returned to the equities market and stock exchange traded funds in July but at a slower pace year-over-year.
According to Investment Company Institute data, the value of ETF shares issued exceeded that of ETF shares redeemed by $12.9 billion in July 2012. In comparison, the value of shares issued exceeded redemptions by $14.3 billion in July 2011. [Investors Moved Back to Stock ETFs in July]
Nevertheless, total assets in ETF products rose by $25.6 billion, or 2.2%, to $1.19 trillion over July, compared to $1.17 trillion in June and $1.09 trillion in July 2011.
Year-over-year as of July 2012, ETF assets increased $106.5 billion, or 9.8%. Domestic equity ETFs added $73.2 billion over the year but global equity ETFs lost $29.1 billion. Meanwhile, bond ETFs gained $62.3 billion and hybrid funds accrued $80 million.
The total number of ETFs rose to 1,228, compared to the 1,220 available in June and 1,077 products in July 2011.
For more information on fund flows, visit our ETF performance reports category.
Max Chen 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.