Charles Schwab’s second quarter ETF Investor Snapshot, released Tuesday, reported that exchange-traded-fund assets custodied at the firm at the end of June reached $217 billion, a 30% increase over June 2013.
According to the report, second quarter ETF flows amounted to $5.2 billion, up 9% from the first quarter.
Equity funds represented 70% of the flows, well up from 25% in the first three months of the year. Of this, 39% went to U.S. equity and 31% to international equity.
Fixed income accounted for just 4% of ETF flows in the second quarter, a big drop from the previous quarter, which the report ascribed to large outflows from short-term bond funds.
The ETF Investor Shapshot is based on analysis of ETFs on the Charles Schwab platform, regardless of ETF or distributor.