March ETF Statistics: Another Boffo Month For Inflows
About: National Stock Exchange, State Street (NYSE: STT), exchange traded funds (ETFs), exchange traded notes (ETNs), BlackRock's (NYSE: BLK) iShares, Vanguard, S&P 500 SPDR (NYSE: SPY), PowerShares QQQ (Nasdaq: QQQQ),iShares Barclays Short Treasury ETF (NYSE: SHV), SPDR Gold Shares (NYSE: GLD)The National Stock Exchange has released its monthly ETF data and the year-over-year numbers are something to behold. Assets in exchange traded funds (ETFs) and exchange traded notes (ETNs) rose to a record $819.8 billion last month, a jump of 68% from March 2009. By the end of March, there were 971 exchange traded products listed on U.S. exchanges compared to 839 at the end of March 2009.
Net inflows for March 2010 were $20.3 billion as equity ETFs saw inflows of $12.3 billion and bond funds saw new investments of $4.7 billion. On their own, ETFs saw assets rise by 7.2% to $806 billion. There are now 31 companies issuing exchange traded products to U.S. investors. Ten of the 12 ETF categories gained new investments in March, according to State Street (NYSE: STT).
The ETF industry continues to be dominated by its largest players as BlackRock's (NYSE: BLK) iShares managed almost 48% of all exchange traded assets. State Street managed 23.3% and Vanguard controlled almost 13% of assets. Top gainers among specific equity ETFs were the S&P 500 SPDR (NYSE: SPY) and the PowerShares QQQ (Nasdaq: QQQQ), which saw inflows of $3.7 billion and $1.67 billion, respectively.
The iShares Barclays Short Treasury ETF (NYSE: SHV) and the SPDR Gold Shares (NYSE: GLD) saw new investments of $1.6 billion and $828 million, respectively. U.S equity long ETFs had over $381 billion assets at the end of March while bullish international equity ETFs had almost $206 billion in assets. Long fixed income offerings had over $111 billion in assets at the end of the month. Long commodity ETFs had over $70 billion in assets under management.
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