Equities Top July ETF Fund Flows
NEW YORK (TheStreet Ratings) -- Each month, the ETF Industry Association) analyzes the assets under management and the net cash flow data for a growing list of U.S. exchange-traded funds. Net cash inflows totaling $17.1 billion in July brought ETF net cash inflows year-to-data up to $93.0 billion.
Overall assets under management in exchange-traded products, covering 1,486 exchange-traded funds and exchange-traded notes, surged by $55.7 billion in July to end at $1.21 trillion. All of the asset and flow data included in this article was released on Thursday, August 2nd by the ETF Industry Association.
Total net inflows to U.S. equity exchange-traded products accelerated in July reaching $14.2 billion for the month. U.S. equity funds represent the largest recipient of new money at $36.9 billion year-to-date surpassing the inflow to fixed income funds. $2.9 billion flowed into SPDR S&P 500 (SPY) adding to the year-to-date net inflow of $3.5 billion. PowerShares QQQ (QQQ) pulled in a $528 million net cash flow in July along with $855 million into SPDR DJIA (DIA) , $1.6 billion into iShares Russell 2000 (IWM) , $823 million into iShares S&P 100 (OEF) , and $540 million into iShares S&P 500 (IVV) .
$3.0 billion flowed into the global and international equity ETF category, second only to U.S. equity inflows for July. The largest July inflows came to Vanguard MSCI Emerging Markets (VWO) at $1.5 billion, increasing year-to-date cash inflows to $9.0 billion. Vanguard MSCI EAFE(VEA) at $265 million and Wisdom Tree EM Equity Income (DEM) at $107 million had decent inflows for July.