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ETF Assets Move Higher

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Assets in U.S. exchange-traded funds increased in May as all types of funds posted modest gains, a mutual fund trade group reported.

Combined ETF assets rose by $17.4 billion, or 7.9%, to $238.3 billion, the Investment Company Institute said.

Assets in equity index ETFs rose $17.3 billion to $226.4 billion, while bond index ETFs saw their assets rise $112 million to $12 billion. Assets in ETFs that invest in domestic stocks climbed $16.2 billion, and international ETFs saw their assets increase by $1.1 billion.

ETFs that track domestic stock indexes had assets of $118.1 billion in May, compared to $171.9 billion a month earlier. The number of funds in this category increased by one to 111 between April and May.

The 46 ETFs that track international or global equity indexes held assets of $38.2 billion in May, up from $37.2 billion a month earlier.

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