SI said because of the month’s market declines, U.S. ETF assets dropped to $793 billion from $843 billion at the end of April.
Fixed-income ETFs – especially lower-volatility taxable bond ETFs – accounted for the bulk of May’s net inflows, while gold and emerging markets equity ETFs also saw inflows.
“The diversity of the ETF market supports continued net inflows to these increasingly mainstream vehicles,” said Loren Fox, a senior research analyst at Strategic Insight, an Asset International company.