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Strong Demand For ETFs Persists

Strong Demand For ETFs Persists
June 24, 2006

SAN DIEGO - (ETFguide.com) - ETFs continue to be on fire. 39 new Exchange Traded Vehicles (ETVs = ETFs and/or ETNs)  were issued in April. 27 new ETVs hit the market in May.

 

Northern Trust is pushing into the market of single country ETFs which thus far has been dominated by Barclays Global. Northern Trust has launched eight new NETS in May (following six in April).

The first ETFs of ETFs have also appeared on the scene. Who else but PowerShares would launch such a product? Of course the ETFs largely contain PowerShares ETFs. The total management fee consists of the ETF component's management fee on top of 0.25% charged for the "ETF wrapper". I.e. PAO and PTOs largest holding is PowerShares Dynamic Developed Opportunies (Ticker: PFA) with an expense ratio of 0.75%. Within PAO or PTO the total management fee is 1.00%.

ETFs launched in May:  

Name

Ticker

Cohen & Steers Global Real Estate Majors

GRI

E-TRACS UBS Bloomberg CMCI Long Platinum ETN

PTM

E-TRACS UBS Bloomberg CMCI Short Platinum

PTD

First Trust Enhanced 130/30 Index

JFT

Market Vectors Double Long Euro

URR

Market Vectors Double Short Euro

DRR

NETS AEX-Index Fund

AEX

NETS BEL 20 Index Fund

BRU

NETS FTSE/JSE Top 40 Index Fund ( South Africa)

JNB

NETS FTSE Singapore Straits Times Index Fund

SGT

NETS Hang Seng China Enterprises Index Fund

SNO

NETS PSI 20 Index Fund ( Portugal)

LIS

NETS S&P/MIB Index Fund ( Italy)

ITL

NETS TA 25 Index Fund ( Israel)

TAV

PowerShares Autonomic Balanced Growth NFA Global Asset Portfolio

PAO

PowerShares Autonomic Balanced NFA Global Asset Portfolio

PCA

PowerShares Autonomic Growth NFA Global Asset Portfolio

PTO

ProShares UltraShort Lehman 7-10 Year Treasure

PST

ProShares UltraShort Lehman 20+ Year Treasury

TBT

SPDRs Dow Jones Wilshire Global Real Estate ETF

RWO

SPDRs S&P Emerging Markets Small Cap

EWX

SPDRs S&P International Mid Cap ETF

MDD

WisdomTree Dreyfus Brazilian Real Fund

BZF

WisdomTree Dreyfus Chinese Yuan Fund

CYB

WisdomTree Dreyfus Euro Fund

EU

WisdomTree Dreyfus Indian Rupee Fund

ICN

WisdomTree U.S. Current Income Fund

USY


ETVs also continue to draw new asset flows.


According to the Investment Company Institute (ICI), the combined assets of
U.S.exchange-traded funds rose $24.85 billion to $595.96 billion in April.

This is a 4.4% increase compared to last month and an increase of 27.7% or $129.41 billion compared to April 2007, when ETF assets were $466.55 billion.

 

During April, the value of all ETF shares issued exceeded that of shares redeemed by $150 million. In April 2007, ETFs have experienced a net issuance of $6.63 billion.

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