ETF Cash Inflows Fall 85% in August

Net cash inflows for ETFs and ETNs fell to $2.0 billion in August, an 85% drop from the $13.2 billion seen in July, according to the National Stock Exchange (NSX). However, over the same period, notional trading volume for ETFs and ETNs doubled to $2.99 trillion, representing 37% of all U.S. equity trading volume.

Blackrock posted the biggest outflows of the month at $4.95 billion.

Still, 2011 has seen total net inflows of $73.2 billion for the year-to-date ending Aug. 31, 54% greater than the $47.6 billion for the same time last year. Net cash inflows for the first eight months of 2010 were also 12% below the same time period in 2009.

Long fixed income funds saw the most August inflows with $4.73 billion, up from $2.6 billion in July. Long-leveraged U.S. equity came in second with $3.10 billion. Long U.S. equity funds came in third with $1.11 billion, however, year-to-date, this category leads with $25.9 billion. The largest outflows were seen in long global equity funds. Commodity funds saw the second largest outflows in August with $1.45 billion.

NSX says at the end of August there were 1301 listed ETF/ETN products with $1.06 trillion in assets, a 31% increase over the same period last year, but down 4% from July’s total of $1.11 trillion.


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