U.S. exchange-traded funds’ total client assets slipped 0.4% to $772 billion in the first half of 2010, according to a news release from SSgA
According to SSgA, net flows into all U.S. ETFs during the first six months of the year exceeded the pace seen for the same period last year.
SSgA said the growing number of fixed-income ETF offerings helped attract net inflows of $21.2 billion for that asset segment, a 21% jump from the end of 2009.
The number of bond ETFs swelled to 105 as of June 30, out of an overall ETF universe of 897 products, according to SSgA. In 2006, investors had only six bond ETFs to choose from.
Bond ETFs held six of the top 10 spots for net cash flows during the first half of 2010.
According to SSgA, short-term bond ETFs garnered $7 billion in net flows during the six months ended June 30, while U.S. Treasury ETFs attracted $5 billion.
Gold ETF assets jumped 30.2% from the end of 2009. SSgA said its SPDR Gold Shares ETF pulled in $7.6 billion, sending its total assets past the $50 billion mark.