Research and consultancy firm ETFGI reported that the global ETF (exchange-traded funds) industry gathered $136.17 billion in net inflows in June 2024, bringing year to date net inflows to a record $730.36 billion.

June was the 64th month of consecutive net inflows.

Assets invested in the global ETF industry reached a new record of $13.14 trillion at the end of June, beating the previous record of $12.89 trillion at the end of May, 2024.

ETFGI’s June 2024 global ETFs and ETPs industry landscape insights report said the global ETF industry had 12,420 products, with 24,891 listings, assets of $13.14 trillion, from 758 providers listed on 80 exchanges in 63 countries at the end of June.

“We expect 2024 to be a record year for net inflows and for assets invested in the global ETFs industry …” said ETFGI.

“YTD net inflows of $730.36 Bn is the highest on record …”

Deborah Fuhr, managing partner, founder, and owner of ETFGI, said: “The S&P 500 index increased 3.59% in June and is up 15.29% YTD in 2024.

“The developed markets excluding the US index decreased by 1.40% in June while it is up 4.60% YTD in 2024.

“France (down 7.88%) and Portugal (down 6.39%) saw the largest decreases amongst the developed markets in June.

“The emerging markets index increased by 2.97% during June and is up 8.09% YTD in 2024. Taiwan (up 10.09%) and South Africa (up 9.91%) saw the largest increases amongst emerging markets in June.”

ETFGI added: “During June, ETFs industry gathered net inflows of $136.17 Bn. Equity ETFs reported net inflows of $81.21 Bn in June, bringing YTD net inflows to $410.33 Bn, higher than the $162.22 Bn YTD net in 2023.

“Fixed income ETFs reported net inflows of $26.56 Bn during June, bringing YTD net inflows to $138.12 Bn, lower than the $141.96 Bn YTD net inflows in 2023.

“Commodities ETFs reported net inflows of $1.61 Bn during June, bringing YTD net outflows to $6.12 Bn, greater than the $1.41 Bn in net outflows YTD in 2023.

“Active ETFs attracted net inflows of $28.85 Bn over the month, gathering net inflows for the year of $154.00 Bn, significantly higher than the $70.48 Bn in net inflows YTD in 2023.

“Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $53.62 Bn during June. iShares Core S&P 500 ETF (IVV US) gathered $13.56 Bn, the largest individual net inflow.”