For more stories like this, sign up for the PLANADVISERdash daily newsletter.
The Markets July 14, 2011
ETF Flows Boosted in June
Strategic Insight, an Asset International company, estimated that
investors poured an additional $10.6 billion into U.S. ETFs in June, after $4.5 billion net inflows in May.
Reported by Rebecca Moore
U.S. equity and taxable bond ETFs led the way in flows, posting a net $4 billion and $3.5 billion, respectively. International equity saw a net inflow of $2.5 billion.
In the second quarter of 2011, total net inflows to ETFs were $30.5 billion, up slightly from the $27.7 billion of net inflows in Q1 2011. This put ETFs on pace for their fifth straight year of $100 billion or more in net inflows. At the end of June, U.S. ETF assets totaled $1.09 trillion, down from $1.11 trillion at the end of May due to market performance.
“We continue to believe that ETFs in the U.S. will reach $2 trillion in assets before 2016,” said Loren Fox, a senior research analyst at Strategic Insight.