May ETF Stats: Net Outflows Recorded for Month
Michael Johnston submits:The expansion of the ETF industry over the last several years has been truly impressive, as the product lineup has grown to more than 1,200 exchange-traded products and assets have passed the $1 trillion mark. But May marked a small step backwards, as ETF assets dipped slightly as a result of both weak equity market performance and net outflows. According to the latest data from the National Stock Exchange, ETF assets stood at $1.11 trillion at the end of May, down about 2% from the April total. While steady declines in global equity markets contributed to the May swoon, last month also saw net outflows from ETPs for the first time in 2011. After April saw more than $22 billion in inflows, about $978 million went out the door in the month of May. But excluding the largest ETF on the market, May actually saw inflows of about $4 billion;Complete Story »
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