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US ETFs and ETPs gathered net inflows of USD28.38bn in May


ETFs and ETPs listed in US gathered net inflows of USD28.38 billion during May, bringing year-to-date net inflows to USD131.45 billion which is significantly higher than the USD67.25 billion net inflows gathered at this point last year.Assets invested in the US ETFs/ETPs industry have increased by 4.6 per cent, from USD4.05 trillion at the end of April, to USD4.23 trillion at the end of May, according to ETFGI’s May 2020 US ETFs and ETPs industry landscape insights report, an annual paid-for research subscription service. 

“The S&P 500 gained 4.8 per cent in May, and remains only 5.0 per cent down from its level at the beginning of the year, as markets anticipated relief from a COVID-19-driven economic slowdown,” says Deborah Fuhr, managing partner, founder and owner of ETFGI. “Developed markets outside the US were also up 4.8 per cent for the month with Sweden (up 9.9 per cent) and Germany (up 9.2 per cent) the top performers, while Hong Kong (down 7.7 per cent), was the only market to be down for the month due to recent political turmoil. Emerging markets lagged during the month, gaining 1.3 per cent as the economic impact of virus shutdowns remains somewhat more uncertain compared to developed regions.” 

At the end of May 2020, the US ETFs/ETPs industry had 2,322 ETFs/ETPs, from 158 providers on three exchanges.

According to a release from the Fed on 29 May, the Fed has invested USD1.3 billion into IG and HY ETFs, as of 26 May, since it started its purchases on 12 May in a bid to calm the markets following the rapid spread of coronavirus. 

During May 2020, ETFs/ETPs listed in the US gathered net inflows of USD28.38 billion. Fixed income ETFs/ETPs listed in US reported net inflows of USD24.14 billion during May, bringing YTD net inflows for 2020 to USD54.75 billion, which is more than the USD41.88 billion in net inflows Fixed income products had attracted for the corresponding period in 2019. Commodity ETFs/ETPs listed in US attracted net inflows of USD6.22 billion during May, bringing YTD net inflows for 2020 to USD27.59 billion, much higher than the USD2.80 billion in net outflows for the corresponding period in 2019. Equity ETFs/ETPs experienced net outflows of USD6.16 Bn in May, bringing the YTD net inflows to USD27.59 Bn which is greater than the USD20.09 Bn collected at this point in 2019.  

Supported by the launches of some new ETFs using the recent SEC approved semi-transparent models – Active ETFs/ETPs gathered net inflows of USD6.10 billion, bringing the YTD net inflows to USD13.94 billion for 2020, which is higher than the USD7.41 billion in net inflows for the corresponding period to May 2019.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered USD30.32 billion during May, iShares iBoxx USD High Yield Corporate Bond ETF (HYG US)gathered USD4.32 billion alone.
The top 10 ETPs by net new assets collectively gathered USD7.09 billion during May. The SPDR Gold Shares – Acc (GLD US)gathered USD3.69 billion alone.

Investors tended to invest in corporate bond and other Fixed Income ETFs/ETPs during May.

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