ETP Assets Climb 9% in July
August 3, 2012
Inflows into U.S. listed exchange-traded products (ETPs) like ETFs and ETNs, increased by 9% to $1.21 trillion in the month of July compared to the same period in 2011, according to the ETF Industry Association.
The industry trade group reported ETP net cash inflows totaling approximately $17.1 billion for the month of July 2012, bringing year-to-date 2012 net cash inflows to $93.0 billion.
At July 2012 month-end, there were 1,486 U.S. listed products, an increase of 15% compared to 1,295 U.S. listed products at the same time last year.
Equities led all investment categories for July with $17.1 billion in net inflows.
Other ETP News
Huntington Asset Advisors added the US Equity Rotation Strategy ETF (NYSEArca: HUSE) to its growing ETF lineup.
The actively managed fund rotates to the industry sectors or segments the advisor believes to offer the best potential for long-term capital appreciation.
HUSE invests in stocks of US companies of every size and across all 10 industry sectors represented in the S&P Composite 1500: utilities, consumer staples, information technology, healthcare, financials, energy, consumer discretionary, materials, industrials, and telecommunication services.
The US Equity Rotation Strategy ETF is the second of two ETFs Huntington Strategy Shares has launched. Huntington EcoLogical Strategy ETF (NYSEArca: HECO) was launched on June 20, 2012.