ETFs: The $10 Billion Club

by on January 11, 2012 | ETFs Mentioned:

It is no secret that the ETF industry is dominated by just a handful of products. The majority of the $1 trillion plus assets are confined to roughly 100 funds, leaving the other 1,300 ETFs in the dust. But as growth in the industry continues to pick up, more and more funds are entering elite status with hefty assets and trading volumes to go with it [see also Top 5 Commodity ETFs Of 2011]. 

Investors who are still a bit squeamish about buying into some of the smaller and more hypertargeted products, have a wealth of options available to them. A number of advisors and institutions have minimum requirements for assets under management for the products that they can buy. Along with assets restrictions there are often regulations on age and average daily volume. But for those looking for a fund that meets such strict demands, combing through the entire ETF universe can be taxing.

Below, we outline the 18 most elite ETFs in the space. Each of these funds has a minimum of $10 billion in assets under management, and together they combine to account for nearly $493 billion in total assets, roughly half of the entire industry [see also Top 25 ETFs By Assets]:

Ticker ETF Assets (In Millions) Avg. Volume
 SPY SPDR S&P 500  $96,223.9  220,606,375
 GLD SPDR Gold Trust  $65,174.3  13,161,586
 VWO Emerging Markets ETF  $43,394.1  22,155,859
 EFA MSCI EAFE Index Fund  $37,147.8  24,178,930
 EEM MSCI Emerging Markets Index Fund  $33,116.8  64,624,992
 IVV S&P 500 Index Fund  $26,988.6  3,992,859
 QQQ QQQ  $26,235.1  57,943,707
 TIP Barclays TIPS Bond Fund  $22,501.0  847,188
 VTI Total Stock Market ETF  $19,885.3  2,059,664
 LQD iBoxx $ Investment Grade Corporate Bond Fund  $17,192.1  1,466,006
 IWM Russell 2000 Index Fund  $14,884.2  64,357,613
 BND Total Bond Market ETF  $14,546.9  1,534,708
 IWF Russell 1000 Growth  $14,429.5  2,956,052
 AGG Barclays Aggregate Bond Fund  $14,215.1  1,184,672
 SHY Barclays 1-3 Year Treasury Bond Fund  $11,932.8  1,865,895
 IWD Russell 1000 Value  $11,561.4  2,196,320
 DIA Dow Jones Industrial Average ETF  $11,522.7  8,217,646
 HYG iBoxx $ HY Corp Bond Fund  $11,331.1  2,433,225

Disclosure: No positions at time of writing.