ETF Assets Set Records in June

July 25, 2016 at 06:57 AM
Share & Print

U.S.-listed exchange-traded funds and products garnered net inflows of $17.7 billion in in June, bringing assets invested in these products to a record $2.3 trillion, ETFGI reported.

In the first half, ETFs/ETPs had net inflows of $66.3 billion, compared with $103 billion gathered during the same period last year.

Fixed income funds and products gathered the largest net inflows in June and for the first half with $7.5 billion and $44.6 billion, followed by commodity funds with $5.4 billion and $18.1 billion.

Equity funds had net new assets of $5 billion in June, but ended the first half with net outflows of $2.7 billion.

ETF/ETP average daily trading volumes increased by 24.2% from $68.9 billion in May to $85.6 billion in June. 

iShares had the largest net ETF/ETP inflows in June with $11.1 billion, followed by Vanguard with $8.8 billion and Schwab ETFs with $1.9 billion net inflows.

At the end of June 2016, 1,931 funds and products from 97 providers were listed on three U.S. exchanges.

"Markets and investors around the world were engulfed in the chaos following what many saw as the unexpected result of the U.K.'s June 23 [Brexit] vote," ETFGI managing partner Deborah Fuhr said in a statement.

Fuhr noted that volatility was up significantly during the month, and the S&P 500 index was up just 0.3%. Emerging markets were up 3.9%, while developed markets ex U.S. declined 2.9%.  

"There is still uncertainty in the markets due to questions on when and how Brexit changes will be implement and the many changes happening in U.K. political parties," she said.

Global Flows

ETFs/ETPs listed globally reached a new record high $3.2 trillion at the end of June 2016.  These products gathered $31.4 billion of net new assets in June, the 29th consecutive month on net inflows.

In the first half, Vanguard gathered the largest net ETF/ETP inflows with $42.3 billion, followed by iShares with $40.5 billion and Nomura AM with $7.4 billion net inflows.

In June, the global industry had 6,424 funds and products from 284 providers, with 12,268 listings on 65 exchanges in 53 countries. The U.S. industry is by far the largest, and funds listed there claim the majority of assets.

In other regions, funds and products listed on European exchanges had net inflows of $5 billion for the month, bringing assets invested in these products to $529 billion.

Japan-listed funds reported net new assets of $4.9 billion in June and $148 billion in total invested assets; Asia/Pacific ex Japan $3 billion and $123 billion; and Canada $2 billion and $79.4 billion.

Here's a brief profile the ETF/ETP industry in these regions as of the end of June:

  • Europe: 2,206 funds, with 6,920 listings from 53 providers listed on 25 exchanges in 21 countries
  • Japan: 177 funds, with 232 listings from 21 providers listed on 2 exchanges
  • Asia/Pacific ex Japan: 873 funds, with 1,023 listings from 116 providers listed on 18 exchanges in 14 countries
  • Canada: 422 funds, with 574 listings from 16 providers listed on 2 exchanges

— Check out Wirehouse ETF Use to Rise 3% Over Next 2 Years: Cerulli on ThinkAdvisor.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Related Stories

Resource Center