Assets invested in global exchange-traded funds and exchange-traded products broke through the US$9 trillion milestone at the end of May 2021. The assets rose 2.8% to a record US$9.21 trillion, from US$8.96 trillion at the end of April, according to the latest report of research and consultancy firm ETFGI.
ETFs and ETPs listed globally gathered net inflows of US$97.08 billion in May, bringing year-to-date net inflows to a record US$559.48 billion, which is higher than the prior record of US$229.34 billion gathered at this point last year.
Commenting on the broader market, ETFGI founder and owner Deborah Fuhr says: “The S&P 500 gained 0.7% in May and 12.62% year-to-date, with positive figures for four consecutive months. Developed markets ex-US gained 3.11% in May. Austria 8.29% and Luxembourg 8.12% were the leaders for the month while New Zealand lost the most at 3.92%. Emerging markets were up 2.58% at the end of May. Hungary (up 15.54%) and Poland (up 13.98%) were the leaders, while Egypt (down 3.86%), Chile (down 3.64%), and Malaysia (down 2.79%) were down the most.”
Equity ETFs and ETPs saw net inflows of US$63.06 billion in May, bringing YTD net inflows to US$396.94 billion, compared with US$72.91 billion in net inflows that equity products attracted in the same period last year.
Fixed income ETFs and ETPs reported net inflows of US$20.66 billion in May, bringing net inflows for 2021 to US$85.69 billion, higher than the US$65.86 billion in net inflows that fixed income products attracted YTD last year.
For Commodity ETFs and ETPs, net inflows for the month reached YS$3.83 billion, bringing YTD net outflows to US$3.59 billion, significantly lower than the US$48.93 billion over the same period last year.
Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered US$35.37 billion in May. Vanguard S&P 500 ETF gathered US$3.58 billion, the largest individual net inflow.