Exchange traded funds1 had a $4.1 billion inflow of new capital, despite the market pullback in May. Total assets fell by 5.7% to $1.1 trillion. ETF total volume rose 21% in May, averaging 1.7 billion shares traded per day, the highest level since November 2011. Only seven new funds began trading last month.
Bond funds (+$8.0B) were responsible for the bulk of the inflows in May. Specifically the corporate (investment grade), treasury (short, intermediate and long term) and TIPS subgroups. US equity funds also posted an inflow of $1.3B.
Emerging market equity, commodity and short funds were responsible for the majority of the total outflows.
1 Includes all types of funds (i.e. ETFs, ETPs, ETNs).













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