May ETF Stats: Month Of Net Outflows

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; [...] Click here to read the original article on ETFdb.com. Related Posts: March ETF Stats: Another Solid Quarter For ETF Investors, The Details Matter (Part II) Ten Commandments Of ETF Investing February ETF Flows: Commodities Are Hot, Emerging Markets Are Not January ETF Flows: Hot Start To 2011