July data from ETF data providers ETFGI reveals that ETFs and ETPs listed in the United States gathered net inflows of USD27.99 billion in July marking the seventeenth consecutive month of positive net new asset flows.
Year to date, net inflows stand at USD275.38 billion which is more than double the net inflows of USD112.16 billion accumulated at this point last year and nearly the same as the USD278.74 billion gathered in all of 2016.
At the end of July 2017, the US ETF/ETP industry had 2,038 ETFs/ETPs, with 2,038 listings, assets of USD3,055 billion, from 114 providers listed on three exchanges.
Equity ETFs/ETPs saw net inflows of USD20.51 billion in July, bringing year to date net inflows to USD194.68 billion, which is, the firm comments, significantly greater than the net inflows of USD30.27 billion over the same period last year and the USD173.16 billion gathered in all of 2016.
Fixed income ETFs and ETPs experienced net inflows of USD11.13 billion in July, growing year to date net inflows to USD73.00 billion, which is greater than the same period last year which saw net inflows of USD53.93 billion.
Commodity ETFs/ETPs saw net outflows of USD3.93 billion in July. Year to date, net outflows are at USD3.43 billion, below the net inflows of USD19.76 billion gathered over the same period last year.
iShares gathered the largest net ETF/ETP inflows in July with USD14.27 billion, followed by Vanguard with USD8.82 billion and SPDR ETFs with USD2.58 billion net inflows.
YTD, iShares gathered the largest net ETF/ETP inflows with USD133.05 billion, followed by Vanguard with USD86.30 billion and Schwab ETFs with USD15.33 billion net inflows.