Total assets under management in US-listed exchange-traded funds and exchange-traded products reached $2.973 trillion at the end of the first half of 2017, according to London-based ETF industry consultant ETFGI.

ETFs/ETPs listed in the US have gathered positive net inflows for 16 consecutive months.

ETFs/ETPs listed in the US gathered a record $46.6 billion net inflows in June, marking the 16th consecutive month of positive net new asset flows for the region. Year-to-date (YTD), net inflows stand at a record 247.4bn which is significantly above the $66.3bn of net new assets gathered at this point last year.

Equity ETFs/ETPs gathered the largest net inflows and a record level of $31.9bn in June, bringing YTD net inflows to a record $174.2bn. US-listed equity ETFs/ETPs were not in favour over the same period last year when the segment experienced net outflows of $2.5bn.

Fixed income ETFs/ETPs also experienced record net inflows, with $12.3bn in net new assets during June. YTD net inflows stand at a record $61.9bn, which is greater than the same period last year which saw net inflows of $44.6bn.

Commodity ETFs/ETPs accumulated net inflows of $527 million in June. YTD, net inflows are at $433m, which is significantly below the net inflows of $17.9bn over the same period last year.

iShares gathered the largest net ETF/ETP inflows in June with $25.3bn, followed by Vanguard with $12.5bn and SPDR ETFs with $5.4bn.

YTD, iShares gathered the largest net ETF/ETP inflows with $118.8bn, followed by Vanguard with $77.5bn and Schwab ETFs with $13.4bn.

At the end of June 2017, the US ETF/ETP industry had 2,041 ETFs/ETPs from 113 providers listed on 3 exchanges.