ETFs and exchange-traded notes listed in the U.S. saw assets grow to $846.7 billion in April, a 57% surge over the year-ago month, and a 3% increase from March, according to the National Stock Market’s monthly report.
Four of the top five ETF sponsors, BlackRock, State Street, Vanguard, and Invesco PowerShares all saw assets increase by at least 50%. Vanguard’s assets more than doubled to $108.8 billion. Out of the top five, only ProShares saw assets declined, to $24.98 billion from $25.14 billion in April 2009. However, ProShares assets are up 2% from March.
April saw the launch of 27 new products for a total of 998, an 18% jump over the 844 listed at the end of April 2009. April 2010 saw net cash inflows of $12.8 billion from all ETFs/ETNs, down from the $20.3 billion received in March.
The leading fund categories for April were total global/international equity, with net cash inflows of $5.6 billion, and total U.S equity with $2.96 billion. The previous month U.S equity and fixed-income both showed strong growth with net inflows of $12.3 billion and $4.7 billion, respectively.