Assets invested in the global exchange-traded fund (ETF) industry reached a record $10.51 trillion at the end of June, reported research firm ETFGI.
The global ETFs industry’s year-to-date net inflows touched a record $376.19 billion during the period, and year-to-date assets grew by 13.5%, according to ETFGI’s June 2023 global ETFs and exchange-traded products (ETP) industry landscape insights report.
The global ETFs industry gathered net inflows of $103.06 billion during June. Equity ETFs ($72.97 billion) gathered “significantly lower” net inflows than last year, while fixed income ETFs ($24.55 billion) gathered higher net inflows compared to last year.
“The S&P 500 increased by 6.61% in June and is up by 16.89% year-to-date in 2023. Developed markets- excluding the US -increased 4.46% in June and are up 11.07% YTD in 2023, with Korea and Israel seeing the largest increases. Emerging markets increased by 4.33% during June and are up 4.64% YTD in 2023, with Pakistan and Turkey (up 5.85%) seeing the largest increases,” said Deborah Fuhr, managing partner, founder and owner of ETFGI.
The report attributed “substantial inflows” to the top 20 ETFs by net new assets, which collectively gathered $50.63 billion during June. Vanguard S&P 500 ETF (VOO US) gathered $11.08 billion, the largest individual net inflow.
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