LONDON — June 6th, 2014 — ETFs and ETPs listed in the United States gathered US $13.59 billion in net new assets in May which, when combined with a small positive market performance in the month, pushed assets in the US listed ETF/ETP industry to a new record high of US $1.8 trillion, according to preliminary data from ETFGI’s May 2014 Global ETF and ETP industry insights report. At the end of May 2014, the US ETF/ETP industry had 1,591 ETFs/ETPs, from 58 providers listed on 3 exchanges.
The ETF/ETP industry globally and in many countries and regions hit record highs in assets at the end of May 2014 including: ETFs/ETPs listed globally US$ 2.55 trillion, in the United States US $1.8 trillion, Europe US $459 billion, Japan US $86.7 billion, Canada US $63.2 billion and Middle East Africa US $41.69 billion.
“Year to date, investors have invested net new money in almost equal amounts into equity and fixed income exposures. The S&P 500 ended May at an all-time high (1924). The S&P 500 is up 5% year to date, while the DJIA is up only 2%. US stocks have advanced each month in 2014 except for January. During May developed markets gained 2% and emerging markets 4% with Asia showing strong performance up 4%,” according to Deborah Fuhr, Managing Partner at ETFGI.
In May 2014, ETFs/ETPs listed in the United States gathered net inflows of US $13.59 billion. Fixed income ETFs/ETPs gathered the largest net inflows with US $9.0 billion, followed by equity ETFs/ETPs with US $3.8 billion, while commodity ETFs/ETPs saw net outflows of US $60 million.
YTD through end of May 2014, ETFs/ETPs have seen net inflows of US $48.5 billion which is significantly less than the US $84.8 billion of net inflows gathered at this time last year. Fixed income and Equity ETFs/ETPs have gathered nearly identical levels of net new assets YTD with US $22.4 billion and US $22.1 billion in net inflows respectively, while commodity ETFs/ETPs have experienced net outflows of US $1.4 billion YTD.
YTD, Vanguard has gathered the largest net ETF/ETP inflows with US $24.2 billion, followed by iShares with US $20.0 billion in net inflows, and First Trust with US $5.3 billion in net inflows.