ETFs Pull In More Than $42B in July

Exchange-traded fund (ETF) assets in the U.S. received more than $42 billion of inflows in the month of July.

According to State Street Global Advisors’ most-recent “ETF Snapshot” report, this increased year-to-date inflows to $114 billion. The report, which now includes global data, shows Europe experienced inflows of $3.2 billion in July, increasing its year-to-date inflows to $7.1 billion. The Asia-Pacific region and Canada had minor outflows.

In terms of global performance by asset class, MSCI AC World IMI increased 4.9%, while MSCI EAFE gained 5.3%. Emerging markets returned 1%, while Emerging Markets Small Cap gained 0.3%. U.S. large-cap, mid-cap and small-cap markets were all positive, returning 5.1%, 6.2% and 6.8%, respectively. The Global Aggregate increased 1.3% and the Global Treasury Ex-U.S. added 1.9%. The U.S. high yield, U.S. aggregate and U.S. corporate bond markets were all positive in July. The U.S. REIT [real estate investment trust] market was up 0.8%. Commodities were positive, with the Dow Jones-UBS Commodity Index gaining 1.4% and gold jumping 10.3%.

Global exchange-traded fund flows by asset class topped $45 billion in July. Equity had a leading $41.3 billion of inflows. The equity inflows were driven by the developed large-cap equity category, which had $18.8 billion in inflows. The Commodity asset class had outflows of $2.8 billion, most of which came from precious metals. Precious metals has $30.7 billion in outflows year to date.

The top three families in the global exchange-traded fund marketplace were BlackRock, State Street and Vanguard. Collectively, they account for approximately 71% of the global ETF market.