London-based consultant ETFGI has reported reports assets invested in ETFs/ETPs listed globally have reached a new record high of $3.14trn (€2.76trn) at the end of May 2016.
ETFs/ETPs’ assets have also hit record levels in the United States- $2.23trn (€1.96trn) – and in Japan – $147bn (€129bn) – last month.
At the end of May 2016, a total of 6,374 ETFs/ETPs were available worldwide with 12,200 listings, from 280 providers listed on 65 exchanges in 53 countries.
On the whole month of May, ETFs/ETPs have drawn net inflows of $10.6bn (€9.32bn). Inflows in fixed income ETFs/ETPs accounted for $7.47bn (€6.57bn) while those in commodity ETFs/ETPs have hit $5.47bn (€4.81bn),
Equity ETFs/ETPs have faced net outflows of $4.53bn (€3.98bn).
Overall, the global ETF/ETP industry has seen inflows for the 28th consecutive month.
“The S&P 500 index was up just 1.8% in May. Developed markets ex-US declined 0.9% and emerging markets declined 3.2.%.
“There is still a significant amount of uncertainty in the markets due to Investors the upcoming Brexit vote and the expectation that the Fed will raise rates sooner than expected,” commented Deborah Fuhr, managing partner at ETFGI.