Report: ETF Assets Grew 0.5% in July

Assets that were held in U.S.-based exchange-traded funds increased 0.5% in July, to $578 billion, according to a monthly report from State Street Global Advisors, a unit of State Street Corp.

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During the month, 17 ETFs were introduced and seven were liquidated, bringing the total to 708 at July 31, according to the State Street data released Monday.

Micro-cap and small-cap ETFs had the greatest asset growth, up 38.6% and 17%, respectively.

Fixed-income ETF assets grew 5.4%. These funds now hold more than 8% of all U.S. ETF assets.

Assets held in international ETFs fell 2.8%.

Among industry sectors, energy lost more than 8.3%, and technology gained 9.5%.

Assets in financial ETFs fell 3.4%, to $383 million.

Volume declined to $77 billion, down from $85 billion in June. This was more than 13% of the U.S. ETF market's total value, according to the State Street report.


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