Assets invested in the ETF industry globally totaled nearly $10.9 trillion at the end of July, their highest month-end total ever, while regionally July was also a record month for ETF industry assets in the U.S., Europe, Asia Pacific (ex-Japan), Canada and Latin America, according to ETFGI data.
The previous month-end asset records for ETFs globally and in each of those five regions were set in June, according to Deborah Fuhr, managing partner, founder and owner of ETFGI, a research and consultancy firm that covers trends in the global ETF industry.
Fueling the increase in assets was 50 months of consecutive net inflows into the global ETF industry, Ms. Fuhr said in an email Tuesday, adding that the industry saw net inflows totaling $87.2 billion in July and $464.4 billion year to date through July.
"The performance of the stock markets has also been a tailwind pushing assets up," she said, citing the S&P 500 index, which returned 3.21% in July, as an example.
The total of nearly $10.9 trillion of ETF assets invested globally as of the end of July was up from $10.4 trillion as of June 30, according to ETFGI, whose ETF industry asset figures include ETFs as well as other exchange-traded products, such as exchanged-traded notes.
U.S.-listed ETF assets totaled nearly $7.6 trillion in July, up from $7.32 trillion in June, according to ETFGI. Assets in European ETFs totaled $1.69 trillion in July, up from $1.62 trillion in June, while Asia Pacific (ex-Japan) ETF assets totaled $705.5 billion in July, up from $647.4 billion in June. Assets in Canadian ETFs totaled $294.7 billion in July, up from $286.1 billion in June, while assets of Latin American ETFs totaled $22.5 billion in July, up from $21.1 billion in June.
Assets invested in the ETF industry in Japan totaled $512.9 billion in July, up from $507.5 billion in June but shy of their monthly record set in September 2021 at $572.4 billion, Ms. Fuhr said. Likewise, Middle East and Africa ETF assets totaled $40.3 billion in July, up from nearly $38 billion in June, but below their record of $53.6 billion set in December 2021, she said.