Monday, September 15, 2008

ETF investing: Trends with Big five ETF.

List below shows the biggest five ETFs traded on US stock exchanges in terms of total assets. For the full report of ETFs and assets held please visit my related post.

ETF ticker assets mil $

SPDR Index 500 SPY $79,105
iShares MSCI-EAFE EFA $38,624
iShares MSCI-Em. Mkts EEM $20,306
PowerShares QQQ QQQQ $18,709
iShares S&P 500 IVV $17,697

PowerShares ETF QQQ (QQQQ) is tracking the Nasdaq 100. The index of the largest non-financial stocks traded on Nasdaq Stock Market. Today we could see unusual volume. Traded volume reached 597 million shares which is 3.5 times average volume. Another the most liquid ETF underlying broad market index haven't even doubled average daily volume. SPDR S&P 500 (SPY) with 469 million shares.

This confirms trend from the beginning of the year. YTD net cash outlflow from QQQQ is only around 3%. SPY has faced significant money outflow around 13%. More or less the same negative trend can be seen with foreign stocks, iShares MSCI EAFE Index (EFA), 10% and emerging markets, iShares MSCI E.M.I.F. (EEM), 16%.

Another interesting trend is with two ETF underlying the same index S&P 500. SPDR S&P 500 (SPY) vs. iShares S&P 500 (IVV). From the beginning of the year iShares has gained market share with net cash inflow 10% against already mentioned 13% outflow from SPY.

Technology laden QQQQ seems to be safe peer in financial turmoils for ETF investors.


2 Responses to "ETF investing: Trends with Big five ETF."

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