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August 07, 2012 at 10:12 AM
The ETF Industry Association says net inflows into exchange-traded funds in July 2012 were $16.3 billion, according to an S&P Capital IQ report released Tuesday—up from $12.1 billion in June. For the first seven months of this year, ETF net cash flows total $89 billion, the industry group says.
Data reported by Morningstar on Monday puts net long-term ETF inflows at $13.3 billion for July and $96.2 billion year to date. The Chicago-based research group also says that the top 10 fund families collected $11.8 billion, or 89% of total ETF inflows.
For the first seven months of 2012, the three top ETF providers had a combined market share of about 84%, according to ETFIA data—with BlackRock (iShares) at 41%, followed by State Street with 25% and Vanguard with 18%.
In addition, U.S. stock assets accounted for more than half of total inflows, says Morningstar, with $7.5 billion in new money—the bulk of which went to large-blend and large-value ETFs.
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.
