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The increasing rate of asset growth illustrates how ETFs have been embraced by advisors and investors around the world

By James Langton |

Assets invested in exchange-traded funds and products (ETFs/ETPs) listed globally reached a new record of US$3.02 trillion in assets under management (AUM) at the end of May, according to preliminary data from London-based research firm ETFGI.

The global industry had 5,757 ETFs/ETPs, with 11,117 listings, from 256 providers listed on 62 exchanges in 51 countries, ETFGI says.

The firm also reports that the ETF industry in the U.S. and Japan reached their own record asset levels in May.

"Our forecast was that assets would break through US$3 trillion by the middle of 2015," says Deborah Fuhr, managing partner of ETFGI.

"It took the global ETF/ETP industry 19 years to reach US$1 trillion in AUM, 23 years to reach US$2 trillion in AUM and just 25 years to reach US$3 trillion in AUM. The increasing rate of asset growth illustrates how ETFs have been embraced as an investment solution by institutional investors, financial advisors and retail investors around the world," Fuhr says.

ETFs/ETPs listed globally saw net inflows of US$19 billion in May, ETFGI reports. Through the end of May, ETFs have attracted US$127.5 billion in net new assets, including US$5.6 billion in Canada.

In May, equity products recorded net inflows of US$20.8 billion, while fixed income products saw net outflows of US$1.5 billion, and commodity products had net outflows of US$912 million, ETFGI says.