ETFs
US ETF assets reach $9 trillion
ETFGI, a leading independent research and advisory firm covering trends in the global ETF ecosystem, reported that assets invested in the U.S. ETF industry reached a new record of $9 trillion Americans at the end of May.
The U.S. ETF industry reported net inflows of $90.57 billion in May, bringing year-to-date net inflows to $358.17 billion, according to ETFGI’s May report 2024 U.S. ETF and ETP Industry Landscape, the monthly report that is part of an annual paid research subscription service. (All dollar values are in USD unless otherwise noted.)
Strong points
- Assets invested in the US ETF industry reached a record $9.00 billion at the end of May, breaking the previous record of $8.87 billion at the end of March 2024.
- Assets have increased 10.9% since the start of 2024, from $8.11 billion at the end of 2023 to $9.00 billion.
- Net inflows of $90.57 billion in May 2024.
- Year-to-date net inflows of $358.17 billion are the second highest on record, $399.10 billion is the highest year-to-date net inflows collected in 2021, the Third highest net inflow recorded since the beginning of the year, of $263.44 billion, occurred in 2022.
- 25th consecutive month of net collection.
“The S&P 500 index rose 4.96% in May and is up 11.30% year-to-date in 2024. Developed markets excluding the U.S. index rose 3.62% in May and are up 6.09% since the start of 2024. Norway (+10.84%) and Portugal (up 8.72%) saw the largest increases among developed markets in May. The emerging markets index rose 1.17% in May and 4.97% year-to-date in 2024. Egypt (up 11.82%) and the Czech Republic (up 11.82%) 9.44%) saw the largest gains among emerging markets in May,” according to Deborah Fuhr, Managing Partner, Founder and Owner of ETFGI.
Growth of assets in the ETF sector in the United States at the end of May
The U.S. ETF industry had 3,531 products with assets of $9.00 billion, from 330 providers listed on 3 exchanges as of the end of May.
In May, the U.S. ETF industry saw net inflows of $90.57 billion. Equity ETFs collected net inflows of $47.61 billion in May, bringing year-to-date net inflows to $160.18 billion, well above the $33.54 billion in net inflows year-to-date 2023. Fixed-income ETFs reported net inflows of $20.06 billion in May, bringing year-to-date net inflows to $58.02 billion. billion, lower than the $73.80 billion in year-to-date net inflows in 2023. Commodity ETFs reported net outflows of $426.27 million in May, bringing the year-to-date net outflows at $5.17 billion, lower than the $1.50 billion in year-to-date net inflows in 2023. Active ETFs have attracted net inflows of 22 .72 billion in May, bringing year-to-date net inflows to $108.71 billion, well above the $43.03 billion in year-to-date net inflows in 2023.
Substantial inflows can be attributed to the top 20 ETFs in terms of net new assets, which collectively gathered $49.62 billion in May. The SPDR S&P 500 ETF Trust (SPY US) raised $8.99 billion, the largest individual net inflow.
Source: ETFGI
NEWSLETTER SIGN-UP
And receive exclusive articles on the stock markets