ETFs regain ground in June
The global exchange-traded fund (ETF) industry regained some ground in June, experiencing a 4 per cent increase on the back of a 5.5 per cent decrease in May according to ETFGI's Global ETF and exchange-traded product (ETP) industry insights for Q2.
While net inflows decreased from US$1,528.1b in April to US$1,443.6b in May, a 4 per cent increase in June means ETF assets increased 11.1 per cent YTD to US$1,503b.
ETFs saw net inflows of $US18,571m for the month while inflows of US$99,800m were recorded YTD.
At the end of Q2, the global ETF industry had 3,309 ETFs with 7,353 listings and assets of US$1,503b from 171 providers on 50 exchanges, according to ETFGI.
iShares attracted the largest net ETF inflows in June, with US$6,504m and also for ETP/ETF assets with US$6,788m, followed by SPDR ETFs and PowerShares.
But Vanguard attracted the highest net inflows YTD with US$29,925m, followed by iShares and SPDR ETFs.
The largest net outflows came from Van Eck Associates Corp with US$369m. The largest net outflows YTD for both ETFs and ETF/ETPs were experienced by db x-trackers, followed by Commerzbank and Lyxor Asset Management.
Including other ETPs, assets increased 3.9 per cent to US$1,682b in June with net ETF/ETP inflows reaching US$21,483m. The YTD result to the end of Q2 saw net inflows of US$10,6940m.
Vanguard still gathered the largest net inflows YTD including ETPs with US$29,925m followed by iShares and SPDR ETFs.
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