Largest ETFs

Exchange Traded Funds are still rapidly growing and the amount of capital under management by the three main ETF providers (who make up 85% of the market) is simply astonishing. For example the biggest ETF provider, iShares, has approximately $370 billion under management in their funds! They have 218 different ETF products and still growing!

Below is a table of the top ten ETFs by market capitalisation, which provides and interesting insight into the biggest investment themes today.

No. Name Ticker Assets as of September 30, 2010 (in $ billions)
1 SPDR S&P 500 ETF SPY 78.01
2 streetTRACKS Gold Trust ETF GLD 54.81
3 iShares MSCI Emerging Markets Index Fund EEM 45.09
4 Vanguard Emerging Markets ETF VWO 36.2
5 iShares MSCI EAFE EFA 34.94
6 iShares S&P 500 IVV 22.69
7 Power Shares QQQ Nasdaq 100 QQQQ 22.14
8 iShares Barclays TIPS Bond TIP 20.28
9 iShares Barclays Investment Grade Corp Bond LQD 14.84
10 Vanguard Total Stock Market ETF VTI 14.63

I’m surprised how much capital there is invested in the emerging markets, but perhaps it is to be expected as people search for growth as Western markets stagnate. There are clearly also a lot of investors searching for safety (e.g. Gold and TIPS bonds which are inflation linked).

It will be interesting to see how this top 10 grows and changes over the next 12 months.

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