US ETF Assets Up 3% In August, Says SSgA

Assets of US listed exchange traded funds rose by about 3% ($10 billion) to $358 billion during August, State Street Global Advisors reports. As a group, sector based ETFs had one of the smaller increases in assets for the month,

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Assets of US-listed exchange-traded funds rose by about 3% ($10 billion) to $358 billion during August, State Street Global Advisors reports. As a group, sector-based ETFs had one of the smaller increases in assets for the month, with four of the industry sectors reporting a decrease in assets. Financials were down $330 million, REITs were down $234 million, materials had a decline of $142 million, and industrials fell by $55 million, according to Reuters. As a group, assets of sector ETFs rose $520 million last month.

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