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Investing June 13, 2011
ETFs Post Net Outflow in May
June 13, 2011 (PLANSPONSOR.com) - Strategic Insight, an Asset International company, estimated that U.S. Exchange-Traded Funds (ETFs) in May experienced roughly $6.5 billion in net outflows.
Reported by Rebecca Moore
May was the first month of net outflows from ETFs after eight consecutive months of net inflows. Most of the net outflows came from U.S. equity ETFs, which saw $10.5 billion in net outflows (compared with $11.3 billion in net inflows in April).
Meanwhile, investors put $2.5 billion of net inflows into bond ETFs.
According to SI data, at the end of May, U.S. ETF assets stood at $1.11 trillion, down from $1.13 trillion a month earlier.
“Despite a pullback in May, U.S. ETFs are still on pace to log their fifth straight year of $100 billion or more in net inflows,” said Loren Fox, senior research analyst at Strategic Insight, in a press release. “This is a testament to the growing retail and institutional demand for ETFs.”
More information about Strategic Insight is at http://www.sionline.com.