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TrimTabs
- Press Release - Jan 3, 2005 Record $54 Billion Yearly ETF Inflow Santa Rosa, CA - January 3, 2005 - "Equity Exchange-Traded Funds (ETFs) closed Friday with a record-setting full-year inflow of $54.4 billion," stated Carl Wittnebert, TrimTabs Director of Research. By comparison, net issuance in equity ETFs was $15.1 billion in 2003 according to the Investment Company Institute (ICI). The previous record was set in 2000 with $42.5 billion. "Through November, the TrimTabs year-to-date total tracked the ICI within 3% accuracy," noted Wittnebert. Global/Int'l funds were front and center, taking in $15.9 billion, well over 100% of year-ago assets. Domestic equity inflow was $38.5 billion, or 30% of starting assets. Small Cap beckoned, with the Russell 2000 fund (ticker symbol IWM) issuing $2.2 billion in new shares, almost 50% of assets. The S&P Small Cap 600 (IJR) took in $1.7 billion (85%). But Growth was largely left out, with the Nasdaq 100 Cubes (QQQQ) redeeming $3 billion in shares, almost 13% of assets, spread evenly over all four quarters. A tilt away from domestic growth was evident in 2004's top funds. After the S&P 500 SPYDERs (inflow $7.7 billion, 17% of year-ago assets), the largest dollar flow gainer was the Dow Jones Select Dividend fund (DVY), with $3.9 billion, over eight times starting assets. But inflow was spread throughout the list, with 80 funds taking in cash for the year and only 9 redeeming shares. The yearly Int'l dollar flow leader was the MSCI-EAFE fund (EFA) with $6.8 billion, 125% of earlier assets. Next came Japan (EWJ) with $3.3 billion (120%) and Emerging Markets (EEM) with $2.3 billion (225%). Canada (EWC) lost $78 million (25%). This
research is excerpted from TrimTabs Exchange Traded Funds. The complete
January 3rd issue is now available. # # # TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity, including mutual funds and Exchange Traded Funds, as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors – including hedge fund managers, market strategists, and portfolio managers – with trading strategies since 1990. TrimTabs liquidity research is unique. It is a macro timing tool to predict the direction of the stock market. For sample research and subscriptions, visit www.TrimTabs.com. CONTACTS: |