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ETF Assets Continue Steady Gains in August

The 2.5% increase in assets outpaced last month's growth


The latest ETF Snapshot report provided by State Street (NYSE:STT) asset managing division State Street Global Advisors shows exchange-traded fund assets in the U.S. still sit at around $1.2 trillion.

Those assets are  distributed across only 1,258 funds compared to last month’s 1,2700. Still, investors added $4.7 billion more to ETFs than they withdrew in August, increasing assets by 2.5% month-over-month.

Fixed-income ETFs, such as the iShares Barclays 20+ Year Treasury Bond ETF (NYSE:TLT), led the way with more than $4 billion of inflows, while large cap ETFs like SPDR S&P 500 ETF (NYSE:SPY) experienced the most significant outflows.

In terms of dollar volume, iShares Russell 2000 (NYSE:IWM) and PowerShares QQQ (NASDAQ:QQQ) were again two of the top three ETFs for the month.

ETFs have attracted over $93.4 billion of inflows since January.

Article printed from InvestorPlace Media,

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