ETF Industry Data - First Half of 2008

By Staff
July 22, 2008

Investors poured more than $23.2 billion into ETFs in the first half of 2008. I've got all the numbers.

A few commentators have recently pointed out that total ETF assets are down this year, and it's true: According to the American Stock Exchange, ETF assets under management in the U.S. fell about $50 billion in the first half of 2008, from $623 billion to $573 billion.

But those numbers reflect a tough period for stocks, with the S&P 500 down 12% and the MSCI EAFE Index of international stocks down 10%. As mentioned, investors actually poured an additional $23.2 billion of new money into ETFs, according to my research.

The ETF industry also laid the groundwork for continued growth:

  • ETF product issuers launched 84 new funds, while 18 unsuccessful funds were closed.
  • Five new ETF product issuers entered the market: Bear Stearns, ALPS, GreenHaven, Northern Trust and RevenueShares

On a company-by-company basis, Vanguard showed the strongest inflows, attracting more than $17.1 billion in new money. That was followed by ProShares at $9.8 billion, Van Eck at $3.3 billion, WisdomTree at $820 million and Rydex at $812 million.

On the flip side were SSgA, which saw $8 billion in net redemption activity, BGI with $1.4 billion in redemptions and HOLDRS with $1.2 billion in redemptions.


ETF Issuers YTD Creation Activity - As Of June 30, 2008
Vanguard 17,150,469,182
ProShares 9,825,560,250
Van Eck 3,321,563,000
WisdomTree 819,551,000
Rydex 811,877,429
PowerShares 639,256,008
Victoria Bay 404,849,912
Claymore 388,367,740
First Trust 227,639,000
Bear Stearns 50,125,000
Northern Trust 48,542,000
RevenueShares 40,794,054
XShares 34,452,000
Greenhaven 30,168,000
SPA 6,335,000
ALPS 4,197,300
Ziegler (2,388,000)
FocusShares (3,903,000)
Fidelity (8,813,000)
MacroShares (37,524,000)
HOLDRS (1,159,392,548)
BGI (1,408,622,000)
SSgA (8,004,484,242)



Massive inflows into U.S. equity funds on Monday, Dec. 22, propelled total ETF assets to a new record.

'SPY' raked in more than $12 billion Monday, Dec. 22, pacing State Street's issuer-leading inflows on the day, as total U.S.-listed ETF assets jumped to $2.005 trillion.


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