June ETF Fund Flows Return to Equities
NEW YORK (TheStreet Ratings) -- Each month, the ETF Industry Association) analyzes the assets under management and the net cash flow data for a growing list of U.S. exchange-traded funds. Net cash inflows totaling $12.9 billion in June brought ETF net cash inflows year-to-data up to $75.9 billion.
Overall assets under management in exchange-traded products, covering 1,476 exchange-traded funds and exchange-traded notes, surged by $41.1 billion in June to end at $1.18 trillion. All of the asset and flow data included in this article was released on Tuesday, July 3rd by the ETF Industry Association.
U.S. equity exchange-traded products did well in June with total net inflows of $4.6 billion. These U.S. equity funds represent the second largest recipient of new money at $22.7 billion year-to-date. $1.3 billion flowed into SPDR S&P 500 (SPY) reversing the year-to-date net outflow to a net gain of $561 million. PowerShares QQQ (QQQ) pulled in a $1.4 billion net cash flow in June while $454 million exited from SPDR DJIA (DIA) .
Together with the nearly $1.2 billion flowing into the global and international equity ETF category, equity inflows outpaced fixed income in June. The largest June inflows came to Vanguard MSCI Emerging Markets (VWO) at $1.0 billion, making this fund the largest collector of year-to-date cash flow at $7.4 billion. iShares MSCI-Emerging Mkts (EEM) at $226 million, Wisdom Tree EM Equity Income(DEM) at $223 million and iShares MSCI-Brazil(EWZ) at $133 million all drew in positive net cash flows for June.