The ETF Industry Association says net inflows into exchange-traded funds in July 2012 were $16.3 billion, according to an S&P Capital IQ report released Tuesday—up from $12.1 billion in June. For the first seven months of this year, ETF net cash flows total $89 billion, the industry group says.
Data reported by Morningstar on Monday puts net long-term ETF inflows at $13.3 billion for July and $96.2 billion year to date. The Chicago-based research group also says that the top 10 fund families collected $11.8 billion, or 89 percent of total ETF inflows.
For the first seven months of 2012, the three top ETF providers had a combined market share of about 84 percent, according to ETFIA data—with BlackRock (iShares) at 41 percent, followed by State Street with 25 percent and Vanguard with 18 percent.
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Janet Levaux
Editor-in-Chief Janet Levaux has covered the financial markets since 1991, with a focus on financial advisors since 2005. After graduating from Yale and the Johns Hopkins School of Advanced International Studies (SAIS), where she studied global economics, Janet worked as a freelance financial and business writer in Japan, and then as a reporter and editor for Investor's Business Daily and the Bay Area News Group in California. She earned an MBA in 2007 and since then has helped lead key ThinkAdvisor projects like its Neal-Award winning reporting on Ken Fisher, Luminaries awards program and Women in Wealth newsletter.
