Thursday, June 3, 2010

ETF Data for May

Vanessa emails the latest ETF news from IndexUniverse.com:
Pimco’s money-market proxy ETF, “MINT,” which added nearly $600 million and finally put the biggest bond-fund manager in the world on the ETF map, according to data compiled by IndexUniverse.com.

The single-biggest winning fund was the State Street Global Advisors SPDR Gold Trust (NYSEArca: GLD).

May’s surprise story was Pimco’s Enhanced Short Maturity Strategy Fund (NYSEArca: MINT), an actively managed fund that hauled in $596.4 million in new assets. That was the lion’s share of the Newport Beach, Calif.-based firm’s $622 million in new ETF assets, and helped bring Pimco’s total ETF assets under management to $1.55 billion, a nearly 50 percent increase over April’s total.which added $4.22 billion in assets, bringing the total to $49.21 billion.

Bookending the top 10 losing funds last month were the PowerShares QQQ (NYSEArca: QQQQ), the Nasdaq 100 ETF, which suffered worst-in-class outflows of $2.36 billion; and SSgA’s Dow Diamonds SPDR ETF (NYSEArca: DIA) which was No. 10 in redemptions at $333.8 million. The Nasdaq fund now has $18.42 billion in assets, while DIA has $8.05 billion. In the middle, investors fled ETFs tracking volatility and growth.

SSgA’s SPY remained the most traded ETF, with a turnover of $869.46 billion in May, while the iShares Russell 2000 ETF (NYSEArca: IWM) was in the No. 2 slot at $152.40 billion.

Rounding out the top three was the PowerShares QQQ at $142.97 billion in turnover.

Top places on league tables remain unchanged in May: BlackRock, parent of iShares, SSgA and Vanguard stand atop the ETF world.

 

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