The Markets June 11, 2010

ETFs Enjoy Nearly $4B in May Inflows

Investors put a net $3.5 billion into U.S. exchange-traded funds (ETFs) in May, according to an estimate from Strategic Insight (SI), an Asset International company.
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SI said because of the month’s market declines, U.S. ETF assets dropped to $793 billion from $843 billion at the end of April.

Fixed-income ETFs—especially lower-volatility taxable bond ETFs—accounted for the bulk of May’s net inflows, while gold and emerging markets equity ETFs also saw inflows.

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“The diversity of the ETF market supports continued net inflows to these increasingly mainstream vehicles,” said Loren Fox, a senior research analyst at Strategic Insight.

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