State Street Global Advisors, the ETFs unit of State Street Corp. (STT), came out Monday with its latest Snapshot report of industry activity. Its take on general asset growth was similar to several earlier reports. (SSgA showed ETF industry assets during September up 10.6% to $885 billion.) A few nuggets that stood out included:
Dividend investing remains hot. The report noted that the SPDR Dividend ETF (SDY) has grown to $3.5 billion in assets with year-to-date inflow of $2 billion. Besides the SPDR S&P 500 (SPY) at $11.5 billion inflow and SDY’s $715 million inflow, two others led the way for SSgA last month. Those were the SPDR High Yield Bond ETF (JNK) with $447 million inflow and the Technology Select Sector SPDR (XLK) at $343 million.
Source: Barons
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