June ETF Data: Cash Keeps Coming

The latest figures for the ETF industry are out, and the numbers continue to impress. ETF assets finished the first half of the year at just under $788 billion, down about $10 billion from the previous month. But that decline was attributable primarily to sinking asset values; cash inflows for the month of June totaled $12.4 billion, about twice May’s level. In a reversal of recent months, domestic equities saw big inflows in June, taking in $3.6 billion. By asset class, that figure trailed only fixed income ETFs, which hauled in nearly $5 billion in June and have now seen more than $18 billion in inflows on the year. From an issuer perspective, June was a great month for the industry’s biggest players; the vast majority of the inflows on the month were into funds offered by iShares, State Street, and Vanguard. Charles Schwab, which announced expense ratio cuts to [...] Click here to read the original article on ETFdb.com. Related Stories: April ETF Data: Cash Keeps Coming October ETF Roundup: The Cash Keeps Coming September ETF Data: Summer Rally Continues