In May, ETFs attracted $87.4 billion, nearly three times the amount in April, with U.S. equity ETFs and low-cost large-cap ETFs performing particularly well.
As the U.S. stock market reached new highs, a substantial amount of funds flowed into ETFs in May. Investors injected $87.4 billion into this sector, nearly three times the total amount in April, which saw inflows of $31.2 billion.
The S&P 500 index rose nearly 5% in May, surpassing 5,300 points for the first time.
Over the past five months, ETFs listed in the U.S. have netted $317.7 billion in cash, significantly higher than last year's $146.8 billion.
U.S. equity ETFs captured the largest share of new assets with $51.6 billion. They were followed by U.S. fixed income ETFs with $17.4 billion, and international equity ETFs with $13.1 billion.
Year-to-date data shows that U.S. equity ETFs are in the lead, with $174.7 billion in inflows, followed by U.S. fixed income ETFs with $68.1 billion, and international equity ETFs with $43.3 billion.
The list of the largest funds by inflows in May is dominated by familiar low-cost, large-cap ETFs. Vanguard S&P 500 ETF (VOO), SPDR S&P 500 ETF Trust (SPY), and Invesco QQQ Trust (QQQ) each attracted over $5.6 billion in new assets during the month, while the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) saw nearly $2 billion in inflows, the highest among all fixed income funds.
On the other hand, the JPMorgan Alerian MLP Index ETN (AMJ), Direxion Daily Semiconductor Bull 3X Shares (SOXL), and iShares Russell 2000 ETF (IWM) topped the list of outflows, each with over $2 billion in redemptions.
Below are the complete lists of the largest inflows and outflows for May 2025 and for January to May 2024.
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