US$35bn net flows - Global ETF FlowWatch - May 2018 Results
/Worldwide ETFs recorded US$35 billion in net flows during May 2018. Equity ETFs led with US$27 billion in net new money, followed by bond and commodity ETFs gathering US$7 billion and US$1 billion, respectively. ETF asset climbed to US$4.993 trillion globally.
In the U.S., equity ETF products garnered US$27 billion of net flows, led by Equity US – Large Cap and Equity US – Mid/Small Cap, totalling nearly US$24 billion together. Bond products accumulated US$7 billion in net new cash, while commodity ETFs experienced a small net redemption of US$0.44 billion.
In Europe, total ETF assets grew by US$4 billion, bringing total ETF assets to US$808 billion as of May 2018 in the region. ETFs in Asia gathered nearly US$2 billion in net new cash, led by Equity China with US$1 billion in net subscriptions.
E Fund MSCI China A Inclusion RMB Index ETF was the largest ETF new launch in May, accumulating US$274 million in net new money. The ETF is benchmarked to the MSCI China A Inclusion Index.
Also, Global X Management launched Global X Future Analytics Tech ETF, a ETF that tracks the Indxx Artificial Intelligence and Big Data Index. The ETF gathered US$52 million and trades under the ticker “AIQ” on the NASDAQ exchange.