ETF Inflow Nearly Doubled In June


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Investors put $25.08 billion into exchange traded funds in June, nearly twice May's $13.2 billion, as the stock market rose.

ETFs have seen inflow every month this year except January, which saw $15 billion pulled by investors . Year to date, ETFs have gathered $72.3 billion vs. $67.6 billion in 2013.

The combined assets in ETFs of all types rose to $1.83 trillion, a gain of 3.2% since May, according to a report from the Investment Company Institute.

Domestic stock ETF assets gained $47.3 billion in June and $264.68 billion since June 2013. Meanwhile, the S&P 500 rose 1.9% in June, marking new highs along the way.

Assets in stock ETFs that invest primarily overseas increased $11.8 billion in June to reach a total of $439.99 billion vs. $320.96 billion in June 2013. Bond-fund assets fell $2.6 billion since May, while hybrid-fund assets gained $157 million.

Shelly Antoniewicz, a senior economist at ICI, said that the findings show investors continuing to see the benefits of investing in ETFs. "Demand for ETFs in June was at its strongest monthly pace for data reported so far this year," Antoniewicz said in an e-mail. "As in past years, the bulk of total net share issuance was in domestic-equity ETFs."

The number of ETFs rose by 1.3% since May to 1,364, vs. 1,233 in June 2013. Global and international equity ETFs led the charge, adding 16 funds for a total of 473. Meanwhile, bond and domestic stock ETFs gained one fund apiece since May.

The number of hybrid funds remains unchanged at 16.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing ETFs
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