Research and consultancy firm ETFGI has reported that assets invested in the global ETFs industry (exchange-traded funds) reached a record $10.51 trillion at the end of June.

ETFGI said that during June the global ETFs industry enjoyed $103.06 billion in net inflows, bringing year to date net inflows to $376.19 billion.

Year-to-date assets have increased 13.5%, going from $9.26 trillion at end of 2022 to $10.51 trillion, according to ETFGI’s June 2023 global ETFs and ETPs industry landscape insights report.

The report said the global ETFs industry had 11,439 products, with 23,285 listings and 686 providers listed on 81 exchanges in 63 countries at the end of June.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $50.63 billion during June.

Vanguard S&P 500 ETF (VOO US) gathered $11.08 billion, the largest individual net inflow.

Deborah Fuhr, managing partner, founder, and owner of ETFGI, said: “The S&P 500 increased by 6.61% in June and is up 16.89% year-to-date in 2023.

“Developed markets excluding the US increased 4.46% in June and are up 11.07% YTD in 2023. Korea (up 2.23%) and Israel (up 1.51%) saw the largest increases amongst the developed markets in June.

“Emerging markets increased by 4.33% during June and are up 4.64% YTD in 2023. Pakistan (up 8.61%) and Turkey (up 5.85%) saw the largest increases amongst emerging markets in June.”