ETFGI reports assets invested in the ETFs industry in the United States reached a new record high of 9.00 trillion US Dollars at the end of May

ETFGI reports assets invested in the ETFs industry in the United States reached a new record high of US$9.00 trillion at the end of May

Press Release

LONDON — June 21, 2024 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that assets invested in the ETFs industry in the United States reached a new record high of US$9.00 trillion at the end of May. The ETFs industry in the US reported net inflows of US$90.57 billion during May, bringing year-to-date net inflows to US$358.17 billion, according to ETFGI's May 2024 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

  • Assets invested in the US ETFs industry reached a record of $9.00 Tn at the end of May beating the previous record of $8.87 Tn at the end of March 2024.
  • Assets increased 10.9% YTD in 2024, going from $8.11 Tn at end of 2023 to $9.00 Tn.
  • Net inflows of $90.57 Bn in May 2024.
  • YTD net inflows of $358.17 Bn are the second highest on record, $399.10 Bn is the highest YTD net inflows gathered in 2021, the third highest recorded YTD net inflows of $263.44 Bn was in 2022.
  • 25th month of consecutive net inflows.


“The S&P 500 index increased by 4.96% in May and is up by 11.30% YTD in 2024. The developed markets excluding the US index increased by 3.62% in May and is up 6.09% YTD in 2024. Norway (up 10.84%) and Portugal (up 8.72%) saw the largest increases amongst the developed markets in May. The emerging markets index increased by 1.17% during May and is up 4.97% YTD in 2024. Egypt (up 11.82%) and Czech Republic (up 9.44%) saw the largest increases amongst emerging markets in May,” according to Deborah Fuhr, managing partner, founder, and owner of ETFGI.

 

Asset growth in the ETFs industry in the United States at the end of May

A graph with a line and a bar

Description automatically generated with medium confidence

 

 

 

The ETFs industry in the United States had 3,531 products with assets of $9.00 Tn, from 330 providers listed on 3 exchanges at the end of May.

During May, the ETFs industry in the US gathered net inflows of $90.57 Bn. Equity ETFs gathered net inflows of $47.61 Bn during May, bringing YTD net inflows to $160.18 Bn, much higher than the $33.54 Bn in net inflows YTD in 2023. Fixed income ETFs reported net inflows of $20.06 Bn during May, bringing YTD net inflows to $58.02 Bn, lower than the $73.80 Bn in YTD net inflows in 2023. Commodities ETFs reported net outflows of $426.27 Mn during May, bringing YTD net outflows to $5.17 Bn, lower than the $1.50 Bn in net inflows YTD in 2023. Active ETFs attracted net inflows of $22.72 Bn during May, bringing YTD net inflows to $108.71 Bn, much higher than the $43.03 Bn YTD net inflows in 2023.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $49.62 Bn during May. SPDR S&P 500 ETF Trust (SPY US) gathered $8.99 Bn, the largest individual net inflow.

Top 20 ETFs by net new assets May 2024: US

Name

Ticker

Assets
($ Mn)
 May-24

NNA
($ Mn)
 YTD-24

NNA
($ Mn)
May-24

SPDR S&P 500 ETF Trust

SPY US

533,652.03

(11,091.48)

8,990.96

Vanguard S&P 500 ETF

VOO US

454,931.17

40,249.91

8,377.25

iShares Core S&P 500 ETF

IVV US

456,667.18

16,905.14

4,361.05

Invesco QQQ Trust

QQQ US

267,473.00

12,960.96

2,930.24

iShares iBoxx $ High Yield Corporate Bond ETF

HYG US

16,963.90

(1,634.02)

2,524.17

Vanguard Total Stock Market ETF

VTI US

392,010.96

12,780.84

2,117.38

Invesco Nasdaq 100 ETF

QQQM US

26,193.16

5,515.64

2,092.36

Vanguard Total International Bond ETF

BNDX US

55,561.41

2,452.30

2,052.45

SPDR Portfolio S&P 500 ETF

SPLG US

37,123.66

8,160.71

1,862.32

Vanguard Total Bond Market ETF

BND US

107,116.52

5,323.33

1,651.78

Janus Henderson AAA CLO ETF

JAAA US

9,842.62

4,414.17

1,429.25

iShares 0-3 Month Treasury Bond ETF

SGOV US

21,646.22

4,031.93

1,386.30

iShares Core U.S. Aggregate Bond ETF

AGG US

107,894.89

9,237.55

1,355.32

Vanguard Growth ETF

VUG US

124,914.84

6,730.83

1,273.77

iShares Broad USD High Yield Corporate Bond ETF

USHY US

12,390.42

315.32

1,254.78

SPDR Portfolio S&P 500 Growth ETF

SPYG US

27,013.93

2,316.26

1,246.55

iShares MSCI Emerging Markets ETF

EEM US

17,973.41

184.53

1,208.75

iShares Bitcoin Trust

IBIT US

19,673.84

16,664.06

1,172.77

Vanguard Intermediate-Term Treasury ETF

VGIT US

27,386.68

6,325.05

1,171.29

Vanguard Total International Stock Index Fund ETF

VXUS US

72,133.91

5,139.03

1,158.35

https://etfgi.com/sites/default/files/styles/feature_image/public/source_3.png?itok=sw3zyEon

 

 

 

The top 10 ETPs by net assets collectively gathered $1.12 Bn during May. Alerian MLP Index ETNs due January 28 2044 (AMJB US) gathered $661.79 Mn, the largest individual net inflow.

Top 10 ETPs by net new assets May 2024: US

Name

Ticker

Assets
($ Mn)
May-24

NNA
($ Mn)
YTD-24

NNA
($ Mn)
May-24

Alerian MLP Index ETNs due January 28 2044

AMJB US

760.55

767.48

661.79

iPath Bloomberg Commodity Index Total Return ETN

DJP US

585.25

(37.60)

74.78

ProShares Ultra VIX Short-Term Futures

UVXY US

233.27

(16.58)

68.77

Aberdeen Standard Physical Palladium Shares ETF

PALL US

291.53

111.97

62.69

ProShares UltraShort DJ-UBS Natural Gas

KOLD US

149.28

(29.58)

50.66

iPath Series B S&P 500 VIX Short-Term Futures ETN

VXX US

273.48

76.13

46.29

MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038

FNGD US

163.22

77.23

44.83

X-Links Crude Oil Shares Covered Call ETN

USOI US

376.32

55.66

40.50

United States Copper Index Fund

CPER US

229.19

74.16

34.38

ProShares UltraShort Silver

ZSL US

75.56

19.58

34.14


https://etfgi.com/sites/default/files/styles/feature_image/public/source_3.png?itok=sw3zyEon


 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.


 

Register to join Women in ETFs breakfast: MegaTrends driving the growth and adoption of ETFs on June 26th from 08:45-09:15am CET at FundForum at The Grimaldi Forum Monte Carlo, Monaco!

Speakers:
Marie Dzanis, Veteran CEO
Howie Li, Global Head of Index & ETFs, LGIM
Deborah Fuhr, Managing Partner, Founder, ETFGI, Founder and board member of Women in ETFs and co-president of Women in ETFs EMEA  
 

Breakfast on Wednesday, June 26th from 08:45-09:15am at The Grimaldi Forum, Monte Carlo, Monaco

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Contact: 
Deborah Fuhr 
Managing Partner, Founder 
ETFGI 
Mobile: +44 777 5823 111 
Email: deborah.fuhr@etfgi.com 
Web: www.etfgi.com 

Connect on:
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