ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reports that assets invested the ETFs industry in the United States reached a new record high of US$9.18 trillion at the end of June.  During June the ETFs industry in the United States gathered net inflows of US$82.84 billion, bringing year-to-date net inflows to US$440.41 billion, according to ETFGI’s June 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 ETFs industry in the United States reached a new record high of US$9.18 trillion at the end of June beating the previous record of $9.00 Tn at the end of May 2024.
• Assets have increased 13.1% YTD in 2024, going from $8.11 Tn at end of 2023 to $9.18 Tn.
• Net inflows of $82.24 Bn gathered during June 2024.
• YTD net inflows of $440.41 Bn are the second highest on record, the highest recorded YTD net inflows were $472.20 Bn in 2021 and the third highest YTD net inflows were $307.50 Bn in 2022.
• 26th month of consecutive net inflows.

“The S&P 500 index increased 3.59% in June and is up 15.29% YTD in 2024. The developed markets excluding the US index decreased by 1.40% in June while it is up 4.60% YTD in 2024. France (down 7.88%) and Portugal (down 6.39%) saw the largest decreases amongst the developed markets in June. The emerging markets index increased by 2.97% during June and is up 8.09% YTD in 2024. Taiwan (up 10.09%) and South Africa (up 9.91%) saw the largest increases amongst emerging markets in June,” according to Deborah Fuhr, managing partner, founder, and owner of ETFGI.

The ETFs industry in the United States had 3,586 products, assets of $9.18 Tn, from 332 providers listed on 3 exchanges at the end of June.

During June, the ETFs industry gathered net inflows of $82.24 Bn. Equity ETFs gathered net inflows of $42.99 Bn during June, bringing YTD net inflows to $203.18 Bn, much higher than the $83.50 Bn in YTD net inflows in 2023. Fixed income ETFs reported net inflows of $17.20 Bn during June, bringing YTD net inflows in 2024 to $75.22 Bn, lower than the $89.78 Bn in net inflows YTD 2023. Commodities ETFs reported net outflows of $18.85 Mn during June, bringing YTD net outflows to $5.19 Bn, greater than the $975.43 Mn in net outflows YTD in 2023. Active ETFs attracted net inflows of $23.97 Bn during the month, gathering YTD net inflows of $132.68 Bn, much higher than the $52.59 Bn in YTD net inflows in 2023.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $50.87 Bn during June. iShares Core S&P 500 ETF (IVV US) gathered $13.56 Bn, the largest individual net inflow.

Source: ETFGI