ETFGI, a leading independent research and consultancy firm renowned for its expertise in subscription research, consulting services, events, and ETF TV on global ETF industry trends, reported today that assets invested in the ETFs industry globally reached a new record of US$16.27 trillion at the end of May. During May, the ETFs industry globally gathered net inflows of US$118.34 billion, bringing year-to-date net inflows to a record US$738.88 billion, according to ETFGI's May 2025 Global ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted)
Highlights
- Assets invested in the global ETFs industry reached a new record of $16.27 Tn at the end of May, surpassing the previous record of $15.50 Tn at the end of February 2025.
- Net inflows of $118.34 Bn gathered during May.
- Year-to-date (YTD) net inflows into ETFs have reached a record high of $738.88 billion in 2025, surpassing the previous highs of $594.01 billion in 2024 and $572.02 billion in 2021, which now stand as the second and third highest on record, respectively.
- 72 months of consecutive net inflows – 6 years.
“The S&P 500 Index rose by 6.29% in May, bringing its year-to-date (YTD) gain to 1.06% in 2025. The Developed Markets ex-U.S. Index increased by 5.12% in May and is up 16.52% YTD. Among developed markets, Austria and the Netherlands led with gains of 11.40% and 9.12%, respectively. The Emerging Markets Index climbed 4.42% in May, with a 6.30% YTD increase. Taiwan and Greece posted the strongest monthly performances among emerging markets, rising 12.57% and 10.99%, respectively,” according to Deborah Fuhr, managing partner, founder, and owner of ETFGI.
Growth in assets in the Global ETFs industry as of the end of May
The Global ETFs industry has 14,183 products, with 28,076 listings, assets of $16.27 Tn, from 864 providers on 81 exchanges in 63 countries at the end of May.
During May, ETFs gathered net inflows of $118.34 Bn. Equity ETFs gathered net inflows of $32.28 Bn, bringing YTD net inflows to $329.72 Bn, slightly higher than the $327.42 Bn in YTD net inflows in 2024. Fixed income ETFs reported net inflows of $42.92 Bn during May, bringing net inflows for the year through May to $141.11 Bn, higher than the $113.40 Bn in YTD net inflows in 2024. Commodities ETFs reported net outflows of $1.25 Bn during May, bringing YTD net inflows to $31.16 Bn, much higher than the $7.55 Bn in net outflows YTD in 2024. Active ETFs attracted net inflows of $43.49 Bn during the month, gathering net inflows for the year of $220.25 Bn, much higher than the $124.63 Bn in net inflows YTD in 2024.
Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $62.82 Bn during May. Vanguard S&P 500 ETF (VOO US) gathered $10.49 Bn, the largest individual net inflow.
Top 20 ETFs by net new assets May 2025: Global
|
Name |
|
Ticker |
Assets |
NNA |
NNA |
|
Vanguard S&P 500 ETF |
|
VOO US |
657,340.88 |
65,480.72 |
10,493.83 |
|
Invesco QQQ Trust |
|
QQQ US |
334,124.94 |
10,416.07 |
8,148.51 |
|
iShares Bitcoin Trust |
|
IBIT US |
69,213.48 |
11,320.91 |
5,914.78 |
|
iShares 20+ Year Treasury Bond ETF |
|
TLT US |
49,836.24 |
49.67 |
3,822.67 |
|
iShares U.S. Thematic Rotation Active ETF |
|
THRO US |
4,368.00 |
4,341.12 |
3,768.08 |
|
iShares MSCI EAFE Value ETF |
|
EFV US |
25,414.42 |
2,264.70 |
3,580.05 |
|
iShares iBoxx $ Investment Grade Corporate Bond ETF |
|
LQD US |
30,683.92 |
1,419.02 |
3,046.81 |
|
iShares Core International Aggregate Bond ETF |
|
IAGG US |
10,035.90 |
2,963.20 |
3,022.55 |
|
Invesco Nasdaq 100 ETF |
|
QQQM US |
48,365.86 |
8,331.75 |
2,257.58 |
|
iShares 0-3 Month Treasury Bond ETF |
|
SGOV US |
46,812.41 |
16,898.76 |
2,052.94 |
|
iShares Broad Global Govt Bond UCITS ETF |
|
IGBG NA |
2,918.80 |
2,695.33 |
1,952.62 |
|
Vanguard Total Stock Market ETF |
|
VTI US |
473,452.43 |
15,683.35 |
1,935.59 |
|
SPDR Portfolio S&P 500 ETF |
|
SPLG US |
67,769.20 |
13,332.93 |
1,839.10 |
|
Vanguard Total Bond Market ETF |
|
BND US |
127,264.63 |
4,888.36 |
1,736.45 |
|
iShares Core € Corp Bond UCITS ETF |
|
IEBC LN |
16,193.50 |
(864.28) |
1,659.12 |
|
iShares Core U.S. Aggregate Bond ETF |
|
AGG US |
124,511.71 |
3,375.08 |
1,598.83 |
|
UBS ETFs plc - MSCI ACWI SF UCITS ETF (hedged to USD) A-acc |
|
ACWIU SW |
8,089.99 |
747.35 |
1,578.81 |
|
iShares AI Innovation and Tech Active ETF |
|
BAI US |
1,694.36 |
1,627.98 |
1,527.57 |
|
iShares MBS ETF |
|
MBB US |
38,227.93 |
2,299.66 |
1,513.28 |
|
Vanguard Information Technology ETF |
|
VGT US |
86,681.81 |
3,814.57 |
1,372.85 |
The top 10 ETPs by net new assets collectively gathered $2.33 Bn over May. MicroSectors FANG+ 3X Leveraged ETN (FNGB US) gathered $916.40 Mn, the largest individual net inflow.
Top 10 ETPs by net new assets May 2025: Global
|
Name |
|
Ticker |
Asset |
NNA |
NNA |
|
|
FNGB US |
1,586.27 |
1,306.79 |
916.40 |
|
|
AMUNDI PHYSICAL GOLD ETC (C) - Acc |
|
GOLD FP |
8,148.08 |
1,211.71 |
315.75 |
|
WisdomTree Core Physical Silver ETC |
|
WSIL LN |
470.56 |
414.36 |
308.46 |
|
MERITZ SECURITIES MERITZ KIS CD RATE ETN 63 |
|
610063 KS |
929.32 |
146.12 |
146.12 |
|
ProShares Ultra VIX Short-Term Futures |
|
UVXY US |
373.89 |
(133.37) |
142.30 |
|
Grayscale Bitcoin Mini Trust ETF |
|
BTC US |
4,555.03 |
564.91 |
129.88 |
|
Bitwise Ethereum Staking ETP |
|
ET32 GY |
220.63 |
146.20 |
107.69 |
|
iPath Series B S&P 500 VIX Short-Term Futures ETN |
|
VXX US |
389.30 |
74.60 |
91.87 |
|
iShares Physical Gold ETC |
|
SGLN LN |
22,342.45 |
1,234.83 |
90.47 |
|
WisdomTree Physical Gold - EUR Daily Hedged |
|
GBSE GY |
723.28 |
151.83 |
83.39 |
Investors have tended to invest in Active ETFs during May.
