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US ETFs and ETPs gained net inflows of USD57.59bn during June 2020

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ETFs and ETPs listed in US gained net inflows of USD57.59 billion during June, bringing year-to-date net inflows to USD189.04 billion which is much higher than the USD116.08 billion net inflows gathered at this point last year. Assets invested in the US ETFs/ETPs industry have increased by 2.6 per cent, from USD4.23 trillion at the end of May, to USD4.34 trillion, according to ETFGI’s June 2020 US ETFs and ETPs industry landscape insights report, an annual paid-for research subscription service. 

“The S&P 500 gained 1.99 per cent during June. In Q2, US equities staged a recovery from the Q1’s decline. Although Covid cases in the US are still increasing the stimulus from the Fed and Congress, aided the market rebound. During June developed markets outside the US were up 3.44 per cent and up 16.8 per cent in Q2.  In June Hong Kong (up 11.35 per cent), New Zealand (up 10.09 per cent) Netherlands (up 8 per cent) and Germany (up 6.08 per cent) as the top performers. Emerging markets gained 7.6 per cent in June and are up 19.3 per cent in Q2.” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.

At the end of June 2020, the US ETF/ETP industry had 2,348 ETFs/ETPs, assets of USD4.342 trillion, from 159 providers listed on 3 exchanges.

During June, ETFs/ETPs gathered net inflows of USD57.59 billion. Fixed income ETFs/ETPs listed in US reported net inflows of USD28.8 billion during June, bringing YTD net inflows to USD83.56 billion, which is more than the USD65.54 billion in net inflows Fixed income products had attracted for the corresponding period to June 2019. Equity ETFs/ETPs listed in US attracted net inflows of USD17.71 billion during June, bringing YTD net inflows to USD39.88 billion, slightly lower than the USD41.43 billion in net inflows for the corresponding period to June 2019. Commodity ETFs/ETPs gathered net inflows of USD4.82 billion during June, bringing YTD inflows to USD32.41 billion which is significantly more than the USD152 million in net inflows at this point in 2019. Active ETFs/ETPs gathered net inflows of USD5.79 billion, bringing the YTD net inflows to USD19.68 billion for 2020, which is higher than the USD9.18 billion in net inflows for the corresponding period to June 2019.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered USD45.04 billion during June. The Vanguard S&P 500 ETF (VOO US) gathered USD6.84 billion alone.

The top 10 ETPs by net new assets collectively gathered USD5.83 billion during June. The SPDR Gold Shares – Acc (GLD US) gathered USD3.15 billion alone.  
 
Investors have tended to invest in Fixed Income ETFs/ETPs during June.

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