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.