By Doug Fabian
The books are closed on 2012, and along with a whole lot of major news events affecting the markets, the year also saw the continued growth of the ETF industry.
When the final results on the industry were tabulated, we saw an increase of more than 11% in the total number of ETFs that came to market. By year’s end, there were 1187 ETFs available to investors, a net increase of 131 funds over last year.
By far the biggest story in the ETF space this year was the PIMCO Total Return ETF (BOND), an ETF version of the popular mutual fund managed by the original bond king, Bill Gross.
This fund captured nearly $3.8 billion in assets from its debut in March through the latest figures as of Nov. 29. That remarkable asset capture helped the fund surge nearly 10% over that time frame.
Other notable funds in the latest ETF report include the Morningstar Multi-Asset Income Fund (IYLD), which is the first multi-strategy, “fund of funds” income product. There’s also the SPDR Barclays Short Term High Yield (SJNK), a new way to play the short-term bond market. Finally, there’s the MarketVectors Unconventional Oil and Gas (FRAK), the first ETF of its kind in the unconventional oil and gas extraction space.
Click here to get the 2012 rundown on every ETF in the market today. Doing so will provide you with your annual scorecard on each fund in each sector. It also will help you generate new investment ideas.
Doug Fabian has continued to uphold the reputation of the High Monthly Income newsletter as the #1 risk-adjusted market timer as ranked by Hulbert’s Investment Digest.