September 03, 2010 at 04:00 AM EDT
August ETF Data: Reversing Course
The monthly ETF statistical bulletins have become somewhat predictable in recent months, as continued inflows into the ETF industry have been about as certain as death and taxes. So the latest figures from the NSX came as a bit of a shock; total ETF assets declined from about $835 million to $815 million during the month of August. And while much of that drop was attributable to falling asset values, the industry also saw cash outflows for only the second time this year. Cash outflows in August totaled $1.9 billion, though that figure would have been positive if not for the S&P 500 SPDR (SPY), which saw $6.6 billion of outflows. The last time the ETF industry saw net outflows for a month was in January, when a little more than $17 billion went out the door. Every month since then has been positive, with about $66 billion flowing into [...] Click here to read the original article on ETFdb.com. Related Stories: January ETF Data: Industry Springs A Leak August ETF Stats: Big Gains For Small Players June ETF Data: Cash Keeps Coming
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