ETFGI the leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, today reported assets invested in ETFs/ETPs listed in the United States reached a new record high US$2.256 trillion at the end of June 2016, according to preliminary data from ETFGI’s June 2016 global ETF and ETP industry insights report.....
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by Deborah Fuhr, Managing Partner at ETFGI
Record levels of assets were also reached at the end of June for ETFs/ETPs listed globally at US$3.177 trillion, in Japan which reached US$147.67 billion and in Canada which reached US$79.14 billion.
At the end of June 2016, the US ETF/ETP industry had 1,931 ETFs/ETPs, assets of US$2.256 trillion, from 97 providers listed on 3 exchanges.
“Markets and investors around the world were engulfed in the chaos following what many saw as the unexpected result of the UK’s June 23rd vote. Volatility was up significantly during the month. The S+P 500 index was up just 0.3%. Emerging markets were up 3.94% while developed markets ex-US declined 2.87%. There is still uncertainty in the markets due to questions on when and how Brexit changes will be implement and the many changes happening in UK political parties" according to Deborah Fuhr, managing partner at ETFGI.
In June 2016, ETFs/ETPs listed in the US gathered net inflows of US$17.72 Bn. Fixed income ETFs/ETPs gathered the largest net inflows with US$7.48 Bn, followed by commodity ETFs/ETPs with US$5.43 Bn, and equity ETFs/ETPs with US$5.03 Bn. ETF/ETP average daily trading volumes increased by 24.2% from US$68.90 Bn in May 2016 to US$85.61 Bn in June 2016.
YTD through end of June 2016, ETFs/ETPs have gathered net inflows of US$66.3 Bn which is significantly below the US$102.97 Bn gathered at this point last year. Fixed income ETFs/ETPs have gathered the largest and a record level of US$44.55 Bn in net inflows YTD, followed by commodity ETFs/ETPs which have gathered a record level of US$18.05 Bn YTD net inflows, while equity ETFs/ETPs experienced net outflows YTD of US$2.66 Bn.
iShares gathered the largest net ETF/ETP inflows in June with US$11.12 Bn, followed by Vanguard with US$8.81 Bn and Schwab ETFs with US$1.85 Bn net inflows. YTD, Vanguard gathered the largest net ETF/ETP inflows with US$39.15 Bn, followed by iShares with US$26.64 Bn and Schwab ETFs with US$6.94 Bn net inflows.