ETF Assets Grow $6 billion in June

ETF assets grew $5.7 billion or 1% in June according to State Street Global Advisors. ETF assets now total $593 billion across 740 ETFs.

Fixed income ETFs saw the biggest growth in June, increasing $3.8 billion or 5%.  Inverse and leveraged ETFs also realized 5% growth, increasing assets by $1.7 billion. Overall industry growth was partially offset by a decline in International ETF assets of $1.5 billion or 1%.

From a sector ETF perspective, Consumer Staples ETFs and Consumer Discretionary ETFs grew 20% and 16% respectively while Materials ETFs (down 11%) and Health Care ETFs (down 8%) saw assets decline.

According to the ETF Directory, the largest Fixed Income ETF is the $7 billion Barclays 1-3 Year Treasury Bond Fund (SHY).  ProShares is the largest provider of inverse and leveraged ETFs.