By the end of July, exchange traded fund assets grew 14% from year-end 2011, with $89 billion in new cash flows. For the month of July alone, assets grew by 2.6%, since the end of June, according to S&P Capital IQ.
The main growth of ETF assets, from inflows and market results, “basically occurred in the first two months of 2012, when ETF assets were up $139 billion, or 13%, from where they were at year-end 2011,” wrote Tom Graves, S&P Capital IQ ETF analyst, in his latest report.
According to Morningstar data, U.S. equity assets made up about 50% of total inflows, with $7.5 billion in new money going to large-value and large-blend ETFs. The top ten ETF providers accounted for 89% of total ETF inflows. Furthermore, the top three ETF providers, BlackRock, Vanguard and State Street, have a combined market share that accounts for about 84% of industry assets, at the end of July. [ETFs Outperform Mutual Funds]
Vanguard MSCI Emerging Markets (NYSEArca: VWO) had the largest net inflow, bringing in $9 billion for the first seven months of 2012. [Investors Moved Back to Stock ETFs in July]