CORRECT:ETF Assets Up $33.6 Billion In Sept To Record $695 Billion -State Street
October 09 2009 - 12:34PM
Dow Jones News
Assets in U.S. exchange-traded funds rose $33.6 billion in
September to reach a record $695 billion.
Overall ETF assets were up 5.1% in the month, driven by strong
market performance of international equity funds and money flowing
into fixed-income funds, State Street Global Advisors reported
Thursday.
Assets increased in all ETF categories, with the international
group gaining the most in dollar terms, up $12.6 billion to $162.6
billion in September, State Street said. Assets in fixed-income
ETFs rose to $90 billion, up 6%.
This year through September, assets in international and
fixed-income ETFs have risen 56% and 61%, respectively.
Global and commodity ETFs also experienced hefty percentage
increases in assets in the month. Assets in global ETFs rose to
$5.1 billion, up 9.3%, in September, according to State Street.
Assets in global funds have risen nearly 34% this year through
September.
Commodity ETF assets rose to $59.1 billion, up 8.3%, in the
month, with SPDR Gold Shares (GLD) contributing $2 billion of the
$4.5 billion increase. Assets in commodity ETFs have increased
nearly 80% so far this year.
Leveraged and inverse ETFs, which have raised concerns among
regulators due to their complexity, also gained assets in the
month. Assets in these instruments - which seek to multiply or
return the opposite of an index - rose to $29.3 billion, up 1.9% in
the month, State Street said. Assets in these funds have risen 35%
this year through September despite the controversy surrounding
them.
Barclays Global Investors (BGI), State Street Global Advisors
and the Vanguard Group together account for about 84.3% of the
U.S.-listed ETF market.
By Daisy Maxey, Dow Jones Newswires; 212-416-2237;
daisy.maxey@dowjones.com