Global ETFs are surging like never before, with net inflows hitting a year-to-date record of $730.36 billion in June, according to a report by the independent research and consultancy firm ETFGI.
The net inflow for June was $136.17 billion, according to ETFGI, which predicted that 2024 will be a record year for the global ETF industry. Assets invested in ETFs hit a record $13.14 trillion, up 12.9% from $11.63 trillion at end of 2023.
June’s year-to-date net inflow of $730.36 billion is the highest on record, while the second highest was of $658.86 billion in 2021 and the third was $462.53 billion in 2022. June was 61st consecutive month of net inflows.
“The S&P 500 index increased 3.59% in June and is up 15.29% YTD in 2024,” said Deborah Fuhr, managing partner, founder and owner of ETFGI. She reported that developed markets excluding the U.S. index decreased by 1.40% in June while they were up 4.60% YTD in 2024.
France (down 7.88%) and Portugal (down 6.39%) saw the largest declines among the developed markets in June. The emerging markets index rose 2.97% during June and are up 8.09% YTD in 2024, Fuhr said. Taiwan (up 10.09%) and South Africa (up 9.91%) saw the largest increases among emerging markets in June.
The global ETF industry had 12,420 products, with 24,891 listings, from 758 providers listed on 80 exchanges in 63 countries at the end of June. ETFGI attributed substantial inflows to the top 20 ETFs by net new assets, which collectively brought in $53.62 billion during June. The largest individual inflow was to iShares Core S&P 500 ETF (IVV US), which gathered $13.56 billion.
