REFILE-UPDATE 1-August ETF outflows of $17 bln, largest in U.S. ETF history

Wed Sep 4, 2013 2:44pm EDT

Sept 4 (Reuters) - Investors pulled more than $17 billion from U.S.-listed exchange-traded funds in August, the largest monthly outflow in the 20-year history of the ETF industry, data firm IndexUniverse said on Wednesday.

The asset management arm at Boston-based State Street Corp experienced the heaviest redemptions among ETF sponsors with $19.5 billion in outflows during August, IndexUniverse said. Most of that amount, $14 billion, was pulled from the SPDR S&P 500 ETF, as jittery investors worried about the stock market.

BlackRock Inc., the No. 1 U.S. ETF company, experienced net outflows of $4.3 billion, IndexUniverse said. BlackRock oversees about $588 billion in ETF assets. State Street Global Advisors, the State Street unit, is No. 2 with about $338 billion in ETF assets under management.

In contrast, Vanguard Group, the No. 1 U.S. mutual fund company and No. 3 ETF provider, experienced ETF net deposits of nearly $3.8 billion, giving the company about $290 billion in ETF assets under management, IndexUniverse said.

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California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

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