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Investing February 12, 2010
ETFs Didn't Fare Well in January
February 12, 2010 (PLANSPONSOR.com) - Following strong inflows in 2009, U.S. ETF flows dipped into the red to kick off 2010, with $16.7 billion in net outflows in January, according to estimates from Morningstar, Inc.
Reported by Rebecca Moore
Although industry assets fell to $746.9 billion, a 4.8% decline from December, total net assets for ETFs grew 49.2% on a year-over-year basis, Morningstar said in a press release.
SPDRs SPY had more than $15.1 billion in outflows in January. Morningstar noted that its massive size and heavy trading activity tends to skew ETF flow data.
International-stock ETFs took in $888.2 million in net assets in January, led by Vanguard Emerging Markets VWO, which saw $894 million in net inflows. Over the past year, Vanguard’s ETF assets have more than doubled, and the firm’s ETF market share has grown to about 12.4% from 8.5% a year ago, the announcement said.
iShares Barclays TIPS Bond TIP had inflows of $674.1 million in January, as investors poured more than $1.9 billion into taxable-bond ETFs.
Morningstar’s report on January ETF activity can be viewed at http://www.global.morningstar.com/janflows10.