ETF assets continue to climb
Assets invested in listed ETFs and ETPs reached a new record high of $3.1trn in May according to research house ETFGI.
Statistics from the company also show country records were set in the US ($2.2trn) and Japan ($147bn) during the month.
“The S&P 500 index was up just 1.8% in May. Developed markets ex-US declined 0.9% and emerging markets declined 3.2.%,” said Deborah Fuhr, managing partner at ETFGI.
“There is still a significant amount of uncertainty in the markets due to Investors the upcoming Brexit vote and the expectation that the Fed will raise rates sooner than expected".
Last month ETFs and ETPs gathered net inflows of $10.6bn. Fixed income vehicles gained the largest net inflows with $7.47bn, followed by commodity ETFs/ETPs with $5.47bn.
Equity products experienced net outflows of $4.53bn, marking the 28th consecutive month of net inflows.
Vanguard gathered the largest net inflows in May with $8.46bn, followed by Schwab ETFs with $1.32bn
Found this useful?
Take a complimentary trial of the FOW Marketing Intelligence Platform – the comprehensive source of news and analysis across the buy- and sell- side.
Gain access to:
- A single source of in-depth news, insight and analysis across Asset Management, Securities Finance, Custody, Fund Services and Derivatives
- Our interactive database, optimized to enable you to summarise data and build graphs outlining market activity
- Exclusive whitepapers, supplements and industry analysis curated and published by Futures & Options World
- Breaking news, daily and weekly alerts on the markets most relevant to you
