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Market Overview

March ETF Stats: Inflows Continue


The National Stock Exchange released monthly ETF data and the year-over-year numbers are quite extraordinary. Assets in exchange traded products rose to a record $819.8 billion last month, a rise of 68% from March 2009. By the end of March, there were 971 exchange traded products listed on U.S. exchanges compared to 839 at the end of March 2009.

Net inflows for March 2010 were $20.3 billion as equity ETFs saw new investmetns of $12.3 billion and bond funds gained inflows of $4.7 billion. On their own, ETFs saw assets rise by 7.2% to $806 billion. There are now 31 companies issuing exchange traded products to U.S. investors. Ten of the 12 ETF categories gained new investments in March, State Street (NYSE: STT) said.

The top ETF issuers continue to dominate the scene as BlackRock's (NYSE: BLK) iShares managed almost 48% of all industry assets. State Street managed 23.3% and Vanguard controlled almost 13% of assets. Top gainers among specific equity ETFs were the S&P 500 SPDR (NYSE: SPY) and the PowerShares QQQ (Nasdaq: QQQQ), which gained new investments of $3.7 billion and $1.67 billion, respectively.

The iShares Barclays Short Treasury ETF (NYSE: SHV) and the SPDR Gold Shares (NYSE: GLD) saw new investments of $1.6 billion and $828 million, ranking those ETFs third and fourth in terms of new investments, respectively.

U.S equity long ETFs had over $381 billion assets at the end of March while long international equity ETFs had almost $206 billion in assets. Bullish bond ETFs had over $111 billion in assets at the end of the month. Long commodity ETFs had over $70 billion in assets under management.


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