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.
Showing posts with label ETFs. Show all posts
Showing posts with label ETFs. Show all posts
Thursday, June 3, 2010
ETF Data for May
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