Global ETFs Industry See 48th Consecutive Months of Inflows

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LONDON — June 13, 2023 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today the global ETFs industry celebrated 48 months or 4 years of consecutive monthly net inflows at the end of May. The global ETFs industry gathered US$75.09 billion in net inflows in May 2023, bringing year to date net inflows to US$273.12 Bn. During May 2023, assets have increased 7.5% YTD in 2023, going from $9.26 Tn at end of 2022 to $9.95 Tn., according to ETFGI’s May 2023 global ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted)

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Highlights

  • Global ETFs industry celebrated 48th months or 4 years of consecutive net inflows at end of May.
  • Net inflows of $75.09 Bn during May.
  • YTD net inflows of $273.12 Bn are the fourth highest on record, after YTD net inflows of $572.08 Bn in 2021, YTD net inflows of $417.50 Bn in 2022 and YTD net inflows of $284.02 Bn in 2017.
  • Assets of $9.95 Tn invested in Global ETFs industry at the end of May.
  • Assets increased 7.5% YTD in 2023, going from $9.26 Tn at end of 2022 to $9.95 Tn.
  • Equity ETFs and ETPs listed globally saw $35.58 Bn in net inflows in May 2023.

“The S&P 500 increased by 0.43% in May and is up by 9.65% YTD in 2023. Developed markets excluding the US declined by 4.26% in May but are up 4.41% in 2023. Belgium (down 11.16%) and Portugal (down 10.80%) saw the largest decreases amongst the developed markets in May. Emerging markets declined by 2.30% during May and are down 0.70% YTD in 2023. South Africa (down 14.46%) and Czech Republic (down 13.52%) saw the largest decreases amongst emerging markets in May.” According to Deborah Fuhr, managing partner, founder, and owner of ETFGI.

Global ETF and ETP assets as of the end of May 2023

At the end of May, 2023 the Global ETFs industry had 11,370 products, with 23,169 listings, assets of $9.954 Tn, from 687 providers listed on 82 exchanges in 63 countries.

During May, ETFs gathered net inflows of $75.09 Bn. Equity ETFs reported net inflows of $35.58 Bn over May, bringing YTD net inflows to $89.79 Bn, significantly lower than the $245.44 Bn in net inflows YTD in 2022. Fixed income ETFs had net inflows of $23.29 Bn during May, bringing YTD net inflows to $117.47 Bn, higher than the $80.45 Bn in net inflows YTD 2022. Commodities ETFs/ETPs reported net inflows of $1.37 Bn during May, bringing YTD net inflows to $4.89 Bn, significantly lower than the $17.70 Bn in net inflows YTD in 2022. Active ETFs attracted net inflows of $15.23 Bn during the month, gathering YTD net inflows $58.77 Bn, slightly higher than the $54.97 Bn in net inflows YTD in 2022.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $54.48 Bn during May. SPDR S&P 500 ETF Trust (SPY US) gathered $18.23 Bn, the largest individual net inflow.

Top 20 ETFs by net new inflows May 2023: Global

Name

Ticker

Assets
($ Mn)
May-23

NNA
($ Mn)
YTD-23

NNA
($ Mn)
May-23

SPDR S&P 500 ETF Trust

SPY US

              397,304.00

   10,178.63

        18,226.80

Vanguard Information Technology ETF

VGT US

               57,132.15

     5,978.39

          7,200.06

iShares 20+ Year Treasury Bond ETF

TLT US

               38,589.88

   10,755.76

          3,516.10

iShares Core U.S. Aggregate Bond ETF

AGG US

               91,135.79

     7,205.51

          3,157.27

Hwabao WP Cash Tianyi Listed Money Market Fund

511990 CH

               17,539.48

          32.12

          2,154.29

Vanguard Total Stock Market ETF

VTI US

              286,520.37

     5,619.72

          2,039.54

ChinaAMC CSI Science and Technology Innovation Board 50 ETF

588000 CH

                 9,162.36

        999.41

          1,968.42

Vanguard S&P 500 ETF

VOO US

              296,136.12

     9,456.37

          1,897.90

Invesco QQQ Trust

QQQ US

              190,351.40

        270.14

          1,789.36

Vanguard Short-Term Treasury ETF

VGSH US

               22,499.13

     4,118.64

          1,677.59

JPMorgan Equity Premium Income ETF

JEPI US

               26,141.67

     8,867.69

          1,400.87

Health Care Select Sector SPDR Fund

XLV US

               39,398.81

        (80.17)

          1,343.37

iShares iBoxx $ Investment Grade Corporate Bond ETF

LQD US

               35,345.11

      (647.31)

          1,330.22

Vanguard Total Bond Market ETF

BND US

               92,481.51

     6,266.35

          1,172.03

E Fund ChiNext Price Index ETF

159915 CH

                 5,113.24

     2,517.50

          1,063.64

Schwab Short-Term US Treasury ETF

SCHO US

               14,396.24

     4,129.38

             952.37

iShares Edge MSCI USA Quality Factor ETF

QUAL US

               29,696.46

     9,592.56

             947.10

VanEck Vectors Semiconductors ETF

SMH US

                 9,280.15

        496.31

             912.40

Invesco Nasdaq 100 ETF

QQQM US

               10,989.15

     3,187.01

             885.00

Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C – Acc

XEON GY

                 2,072.05

        810.93

             849.85

The top 10 ETPs by net new assets collectively gathered $3.00 Bn over May. SPDR Gold Shares (GLD US) gathered $871 Mn, the largest individual net inflow.

Top 10 ETPs by net new inflows May 2023: Global

Name

Ticker

Assets
($ Mn)
May-23

NNA
($ Mn)
YTD-23

NNA
($ Mn)
May-23

SPDR Gold Shares

GLD US

               58,384.39

     1,545.02

871.18

Invesco Physical Gold ETC – Acc

SGLD LN

               15,706.41

      (145.98)

768.83

United States Oil Fund LP

USO US

                 1,602.73

      (185.26)

266.96

SPDR Gold MiniShares Trust

GLDM US

                 6,406.72

        812.69

206.97

AMUNDI PHYSICAL GOLD ETC (C) – Acc

GOLD FP

                 4,715.81

        241.88

190.85

iShares Physical Gold ETC – Acc

SGLN LN

               15,778.11

     1,006.80

189.10

WisdomTree Physical Gold – GBP Daily Hedged – Acc

GBSP LN

                 1,545.03

        284.22

164.26

iShares Gold Trust

IAU US

               28,759.56

        502.01

155.11

ProShares Ultra DJ-UBS Crude Oil

UCO US

                    662.69

        (67.98)

105.96

ProShares Ultra DJ-UBS Natural Gas

BOIL US

                    961.51

     1,825.16

80.64

Investors have tended to invest in Equity ETFs/ETPs during May.

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