June was another month of strong inflows for ETFs globally, as net deposits totalled US$25 billion. ETFs worldwide attracted US$53 billion of inflows in the second quarter of 2015 and over US$150 billion in the first half of the year. Global ETF assets remained just shy of US$3 trillion.
U.S. domiciled ETFs attracted US$15 billion of inflows in June, pushing the total for the first six months of the year past US$100 billion. International equity funds have seen much of the demand, and currency hedged funds in particular have proven popular as the dollar has risen. Currency hedged international equity ETFs in the U.S. garnered US$15 billion of inflows in Q2 and US$39 billion in the first half of 2015.
European domiciled ETFs saw moderate inflows in June, with US$2 billion of net deposits. Equity Germany funds garnered US$1 billion of inflows. Demand for ETFs in Asia was stronger, as Asian funds attracted inflows of US$7 billion in the month. Two Taiwanese equity funds from Yuanta Financial Holdings saw inflows of more than US$3 billion between them.
The largest new ETF launch of June was the Dacheng SZSE Component Index fund, which is domiciled in China and raised nearly US$400 million. The fund tracks an index of equities listed on the Shenzhen Stock Exchange.