ETFGI reports the ETFs industry in the United States gathered net inflows of US$44.05 in May
LONDON — June 16, 2023 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that ETFs industry in the United States gathered net inflows of US$44.05 billion during May, bringing year-to-date net inflows to US$154.34 billion. Year-to-date, assets increased 6.9%, going from US$6.51 trillion at end of 2022 to US$6.96 trillion at the end of May, according to ETFGI's May 2023 US 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.)
Highlights
- ETFs industry in the United States gathered net inflows of $44.05 Bn in May
- YTD net inflows of $154.34 Bn are the fourth highest on record, the highest YTD net inflows were $399.09 Bn YTD in 2021 and YTD net inflows of $263.44 Bn in 2022.
- 13th month of consecutive net inflows.
- Assets of $6.96 Tn invested in ETFs industry in the United States at the end of May
- Assets increased 6.9% YTD in 2023, going from $6.51 Tn at end of 2022 to $6.96 Tn.
“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.
Growth in US ETF and ETP assets as of the end of May 2023
The ETFs industry in the United States had 3,167 products, assets of $6.955 trillion, from 285 providers on 3 exchanges at the end of May.
During May, ETFs gathered net inflows of $44.05 Bn. Equity ETFs gathered net inflows of $21.59 Bn during May, bringing YTD net inflows to $33.52 Bn, significantly lower than the $132.59 Bn in net inflows YTD in 2022. Fixed income ETFs had net inflows of $12.98 Bn during May, bringing YTD net inflows to $73.80 Bn, higher than the $60.02 Bn in net inflows YTD in 2022. Commodities ETFs/ETPs reported net inflows of $1.23 Bn during May, bringing YTD net inflows to $2.44 Bn, significantly lower than the $12.29 Bn in net inflows YTD in 2022. Active ETFs attracted net inflows of $9.41 Bn over the month, gathering YTD net inflows of $41.91 Bn, slightly lower than the $43.10 Bn in net inflows YTD in 2022.
Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $51.50 Bn during May. Vanguard S&P 500 ETF (SPY US) gathered $18.23 Bn, the largest individual net inflow.
Top 20 ETFs by net new assets May 2023: US
|
Name |
Ticker |
Assets |
NNA |
NNA |
|
SPDR S&P 500 ETF Trust |
SPY US |
397304.00 |
10178.63 |
18226.80 |
|
Vanguard Information Technology ETF |
VGT US |
57132.15 |
5978.39 |
7200.06 |
|
iShares 20+ Year Treasury Bond ETF |
TLT US |
38589.88 |
10755.76 |
3516.10 |
|
iShares Core U.S. Aggregate Bond ETF |
AGG US |
91135.79 |
7205.51 |
3157.27 |
|
Vanguard Total Stock Market ETF |
VTI US |
286520.37 |
5619.72 |
2039.54 |
|
Vanguard S&P 500 ETF |
VOO US |
296136.12 |
9456.37 |
1897.90 |
|
Invesco QQQ Trust |
QQQ US |
190351.40 |
270.14 |
1789.36 |
|
Vanguard Short-Term Treasury ETF |
VGSH US |
22499.13 |
4118.64 |
1677.59 |
|
JPMorgan Equity Premium Income ETF |
JEPI US |
26141.67 |
8867.69 |
1400.87 |
|
Health Care Select Sector SPDR Fund |
XLV US |
39398.81 |
-80.17 |
1343.37 |
|
iShares iBoxx $ Investment Grade Corporate Bond ETF |
LQD US |
35345.11 |
-647.31 |
1330.22 |
|
Vanguard Total Bond Market ETF |
BND US |
92481.51 |
6266.35 |
1172.03 |
|
Schwab Short-Term US Treasury ETF |
SCHO US |
14396.24 |
4129.38 |
952.37 |
|
iShares Edge MSCI USA Quality Factor ETF |
QUAL US |
29696.46 |
9592.56 |
947.10 |
|
VanEck Vectors Semiconductors ETF |
SMH US |
9280.15 |
496.31 |
912.40 |
|
Invesco Nasdaq 100 ETF |
QQQM US |
10989.15 |
3187.01 |
885.00 |
|
SPDR Gold Shares |
GLD US |
58384.39 |
1545.02 |
871.18 |
|
iShares US Treasury Bond ETF |
GOVT US |
26681.30 |
4149.47 |
823.16 |
|
JPMorgan Nasdaq Equity Premium Income ETF |
JEPQ US |
3291.21 |
2006.69 |
771.33 |
|
Vanguard FTSE Developed Markets ETF |
VEA US |
108726.92 |
2212.24 |
745.92 |
The top 10 ETPs by net assets collectively gathered $1.96 Bn during May. SPDR Gold Shares (GLD US) gathered $871.18 Mn, the largest individual net inflow.
Top 10 ETPs by net new assets May 2023: US
|
Name |
Ticker |
Assets |
NNA |
NNA May-23 |
|
SPDR Gold Shares |
GLD US |
58,384.39 |
1,545.02 |
871.18 |
|
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 |
|
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 |
|
Invesco CurrencyShares Japanese Yen Trust |
FXY US |
293.07 |
122.41 |
75.73 |
|
abrdn Physical Gold Shares ETF |
SGOL US |
2,807.41 |
168.18 |
72.43 |
|
MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038 |
FNGD US |
160.98 |
217.82 |
70.19 |
|
iPath Series B S&P 500 VIX Short-Term Futures ETN |
VXX US |
372.01 |
182.21 |
52.02 |
Investors have tended to invest in Equity ETFs/ETPs during May.
Contact deborah.fuhr@etfgi.com if you have any questions or comments on the press release or ETFGI events, research or consulting services.
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