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Portfolio > ETFs

ETFs, ETPs Pass $3 Trillion Benchmark

By Michael S. Fischer

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Assets invested in globally listed exchange-traded funds and products set a new record of $3.02 trillion in May, according to ETFGI’s preliminary monthly ETF and ETP global insight report, released Friday.

At the end of May, 256 providers listed on 62 exchanges in 51 countries had 5,757 ETFs/ETPs, with 11,117 listings, ETGFI reported.  “Our forecast was that assets would break through $3 trillion by the middle of 2015,” ETFGI managing partner Deborah Fuhr said in a statement.

“It took the global ETF/ETP industry 19 years to reach $1 trillion in assets under management, 23 years to reach $2 trillion in AUM and just 25 years to reach $3 trillion in AUM.”

Fuhr said the increasing rate of asset growth illustrated how institutional investors, financial advisors and retail investors around the world had embraced ETFs as an investment solution.

Indeed, they have become more popular than mutual funds with financial advisors, according to a recent report.

ETFGI said assets for the funds and products listed in the U.S. and Japan also set records in May, reaching $2.2 trillion and $117 billion, respectively.

“In May, both the S&P 500 and the Dow were up 1% while developed markets were down 1% and emerging markets declined 3%,” Fuhr said.

According to the report, ETFs and ETPs listed globally had net inflows of $19.1 billion in May.  

Equity ETFs/ETPs took in a net $20.8 billion, while fixed income ETFs/ETPs experienced net outflows of $1.5 billion and commodity ETFs/ETPs had net outflows of $912 million.

Globally listed ETFs/ETPs set a record for net new assets gathered in during the first five months of the year: $127.6 billion. The previous net new asset high was $109.4 billion, recorded during January to May 2013.

Vanguard experienced the largest net ETF/ETP inflows in May with $5.2 billion, followed by Huatai-PB with $3.4 billion, WisdomTree with $1.7 billion and First Trust with $1.6 billion.

— Check out ETFs Now More Popular With Advisors Than Mutual Funds: FPA on ThinkAdvisor.

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