During May, worldwide ETFs accumulated US$45 billion in net flows amid continued growth of the global stock markets. Equity ETFs led with US$28 billion in net new money, followed by bond and commodity (mostly gold ETFs) garnering US$15 billion and US$2 billion, respectively. ETF assets set a new record and surpassed US$4 trillion globally.
In the U.S., equity ETFs recorded US$18 billion of net flows, while bond products amassed US$11 billion in net new cash. Equity US – Large Cap led with US$12 billion of inflows, followed by Bond North America with US$7 billion in net new money.
ETFs in Europe garnered US$12 billion of inflows, mainly driven equity products. European bond and commodity (mostly gold ETFs) products saw modest inflows of US$3 billion and US$1 billion, respectively. Meanwhile, ETFs in Asia received net subscriptions of US$300 million due to large net redemptions of US$1.2 billion from Alt– Leveraged/Inverse products.
iShares MSCI Europe Mid Cap UCITS ETF EUR (Acc) was the largest ETF new launch in May, accumulating US$519 million in net new money. The ETF is benchmarked to the MSCI Europe Mid Cap Index and is listed on the London Stock Exchange.