ETFGI reports US ETF inflows of USD31.58 bn in May
ETF data provider ETFGI reports that ETFs and ETPs listed in the US gathered USD31.58 billion net inflows during May 2018.
Year-to-date net inflows into US listed ETFs/ETPs reached USD124.80 billion at the end of May, the firm says, which is significantly less than the USD200.81 billion compared to this point last year.
ETFs and ETPs listed in the US gathered USD31.58 billion net inflows during May 2018 after suffering net outflows in the second and third month of the year.
US-listed Equity ETFs/ETPs gathered USD23.90 billion net inflows during May 2018, followed by Fixed Income with USD5.67 billion and Active ETFs/ETPs with USD2.43 billion.
In May 2018, 13 new ETFs/ETPs were launched by 11 providers while three ETFs/ETPs were closed compared to 59 in April 2018.
At the end of May 2018, the US ETF industry had 1,889 ETFs, assets of USD3.462 trillion, from 120 providers on three exchanges. At the end of May 2018, the US ETF/ETP industry had 2,146 ETFs/ETPs, assets of USD3.553 trillion, from 139 providers on three exchanges.
Overall the assets invested in ETFs/ETPs listed in the US increased by 2.12 per cent during May 2018. The increase of 2.12 per cent, from USD3.480 trillion at the end of April 2018 to USD3.553 trillion at the end of May, also represents the highest monthly growth in assets since January 2018, which saw a monthly increase of 6.38 per cent from USD3.423 trillion to USD3.642 trillion.
May 2018 marked the second consecutive month of net inflows in ETFs/ETPs listed in the US, which saw USD31.58 billion in net inflows. At this point last year, year-to-date net inflows were 37.85 per cent higher, with USD200.81 billion gathered during the first five months of 2017.
The majority of these flows can be attributed to the top 20 ETFs by net inflows, which collectively have gathered USD83.53 billion during 2018, ETFGI says.
The iShares Core MSCI EAFE ETF (IEFA US) on its own accounted for net inflows of USD17.14 billion.