Helped in large part by international funds, exchange traded
funds hauled in $28.6 billion in new assets in January and helped
make the December/January stretch the strongest two-month run of
asset-gathering on record for the exchange-traded products
industry, according to fund research firm Morningstar (NASDAQ:
"Flows were driven by international-stock
, where diversified emerging-markets funds have been particularly
strong, averaging a record $6 billion over the past two months,"
according to a note by Morningstar ETF analyst
In January, the iShares MSCI Emerging Markets Index Fund
) lead all ETFs in terms of inflows with $3 billion. After losing
the crown of largest emerging markets ETF to the Vanguard FTSE
Emerging Markets ETF (NYSE:
) in 2011, EEM has gotten back to within $10 billion of VWO,
according to Morningstar.
The WisdomTree Japan Hedged Equity Fund (NYSE:
) also impressed in terms of inflows last month, hauling in $1.2
billion in new investments. DXJ's recent asset growth, helped by
the tumbling yen, has been nothing short of stunning. The fund
had just over $500 million in AUM in early
, but entered trading today with $2.82 billion in assets.
"At the firm level, iShares led all ETF firms with $12.7
billion of inflows, while Vanguard took in $10.3 billion,"
according to Rawson.
State Street's (NYSE:
) State Street Global Advisors, the second-largest U.S. ETF
sponsor, saw $3.4 billion in outflows last month due primarily to
a combined $7 billion in departure from the SPDR S&P 500
) and the SPDR Gold Shares (NYSE:
"Vanguard's ETF flows tend to be very stable. Over the past
five years, Vanguard ETF flows have been positive each and every
month, while iShares has had 14 months in which flows were
negative," Rawson noted.
Invesco's PowerShares (NYSE:
) saw inflows north of $1.8 billion last month while WisdomTree
) captured more than $2.2. billion in new investor capital. New
York-based WisdomTree, the only publicly traded pure play ETF
issuer, finished January just $1 billion behind ProShares in the
battle for the sixth spot among U.S. ETF sponsors.
Overall, net flows to international stock ETFs were $15.1
billion last month while investors poured over $8.2 billion into
sector fund and over $4.3 billion into diversified U.S. equity
ETFs. Commodities ETFs saw net outflows of $682 million,
according to Morningstar data.
For more on ETFs, click
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