Assets invested in the global ETFs industry reached a new record high of $12.89 trillion at the end of May 2024, surpassing the previous record of $12.70 trillion set in March 2024, according to ETF data provider ETFGI.
The global ETFs industry saw net inflows of $126.32 billion in May, bringing the year-to-date net inflows to $594.19 billion. This marked a trend of increasing investment, contributing to the highest year-to-date net inflows on record, according to the data providers.
The global ETFs industry boasts 12,323 products with 24,729 listings from 752 providers across 80 exchanges in 63 countries. Equity ETFs led the inflows with $64.73 billion in May, bringing the YTD total to $329.17 billion, higher than the $89.46 billion recorded in the same period in 2023. According to the data providers, fixed income ETFs saw net inflows of $32.93 billion in May, with a YTD total of $111.56 billion, slightly lower than the $117.39 billion in 2023.
Active ETFs are on the Rise in Europe and America, data shows
Commodities ETFs saw net inflows of $768.14 million in May but recorded year-to-date net outflows of $7.74 billion, contrasting with the $3.80 billion net inflows in 2023. Active ETFs attracted $27.53 billion in May, with YTD net inflows reaching $125.11 billion, more than double the $59.68 billion from the previous year.
The researchers attributed substantial inflows to the top 20 ETFs by net new assets, which collectively gathered $51.59 billion in May. The SPDR S&P 500 ETF Trust led with $8.99 billion, the largest individual net inflow. Among the top 10 ETPs by net new assets, Alerian MLP Index ETNs saw the highest inflow, gathering $661.79 million.
European ETFs hit record high assets under management in Q1 2024
“The S&P 500 index increased by 4.96% in May and is up by 11.30% YTD in 2024. The developed markets excluding the US index increased by 3.62% in May and is up 6.09% YTD in 2024. Norway and Portugal saw the largest increases amongst the developed markets in May. The emerging markets index increased by 1.17% during May and is up 4.97% YTD in 2024. Egypt and Czech Republic saw the largest increases amongst emerging markets in May,” said Deborah Fuhr, managing partner, founder and owner of ETFGI.
