Bond ETFs lead net inflows - Global ETF FlowWatch - May 2020

Worldwide ETFs recorded US$37 billion in net flows during May 2020 amid broad market recovery. Bond ETF products led with US$25 billion in net new money, followed by commodity ETFs (mostly gold) with US$11 billion of net flows. Equity ETF vehicles trailed behind with under US$1 billion in net subscriptions. Global ETF assets rose to US$6.127 trillion as of May 2020.

In the U.S., bond ETF products amassed US$19 billion of net flows, while commodity ETFs (mostly gold) gathered nearly US$8 billion in net new money. On the other hand, equity ETFs suffered US$8 billion in net redemptions. Notably, Invesco QQQ Trust was the best-selling ETF and pulled in nearly US$4 billion in net flows.

In Europe, ETFs garnered US$8 billion in net new money, primarily driven by bond ETF vehicles accumulating $6 billion in net new cash. ETFs in Asia accumulated US$8 billion in net flows, however, was primarily driven by equity ETF products amassing US$7 billion in net subscriptions. As of May 2020, ETF assets under management in Europe and Asia stood at US$957 and US$717 billion, respectively.