ETFGI: Net inflows of $ 29 billion in April in US ETF industry, inflows lower

ETFGI: Net inflows of $ 29 billion in April in US ETF industry, inflows lower

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ETFs industry in US in April gathered net inflows of $ 29 billion, with inflows lower and $ 6.98 trillion invested.

Research bureau ETFGI reported today that ETFs industry in the United States gathered net inflows of $ 29.14 billion during April, bringing year to date (YTD) net inflows to $ 110.30 billion. During the month, assets invested in ETFs industry in the United States increased by 1.1%, from $ 6.90 trillion at the end of March to $ 6.98 trillion in April 2023

‘The S&P 500 was up 1.56% in April and is up by 9.17% in the first four months of 2023’, said Deborah Fuhr, managing partner of ETFGI. ‘Developed markets excluding the US increased by 2.45% in April and are up 10.41% YTD in 2023. Switzerland (up 6.41%) and United Kingdom (up 5.28%) saw the largest increases amongst the developed markets in April. Emerging markets decreased by 0.50% during April but are up 2.38% YTD in 2023. Turkey (down 4.79%) and Thailand (down 4.69%) saw the largest decreases amongst emerging markets in April.’

Inflows lower

‘The ETFs industry in the United States had 3,140 products, with assets of $ 6.979 trillion, from 279 providers listed on 3 exchanges at the end of April,’ ETFGI continued. ‘During April, ETFs gathered net inflows of $ 29.14 billion. Equity ETFs/ETPs gathered net inflows of $ 8.83 billion over April, bringing YTD net inflows to $ 11.93 billion, significantly lower than the $ 103.33 billion YTD net inflows in 2022. Fixed income ETFs had net inflows of $ 12.26 billion during April, bringing YTD net inflows to $ 60.82 billion, higher than the $ 25.33 billion YTD net inflows in 2022.’

‘Commodities ETFs/ETPs reported net inflows of $ 490 million during April, bringing YTD net inflows to $ 1.21 billion, significantly lower than the $ 14.91 billion YTD net inflows in 2022. Active ETFs reported net inflows of $ 6.10 billion during the month, gathering YTD net inflows of $ 32.51 billion, slightly lower than the $ 33.35 billion in YTD net inflows in 2022.’

‘Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $ 26.38 billion during April. Vanguard S&P 500 ETF (VOO US) gathered $ 2.89 billion, the largest individual net inflow.’