Assets invested in exchange-traded funds and exchange-traded products listed globally continued their upward march in July, reaching a new record high of $3.343 trillion, according to data from London-based ETF consultancy ETFGI.

Global ETFs assets continue upward march, reaching new record highs

Various new regional record highs were also reached, including in the US at $2.367tn, Europe at $539.2bn, Japan at $191.8bn and Canada at $81.2bn. The milestones were reached through a combination of strong net inflows as well as bullish markets during the month.

Investors added a total of $52.7bn of net inflows in the month across all asset classes, marking the thirtieth consecutive month of positive net inflows for the industry.

Deborah Fuhr, managing partner at ETFGI, commented: “Investor confidence returned during July after the surprising result of June’s Brexit vote. The S&P 500 was up 3.7% in July. Developed markets outside the U.S. gained 5.1% and emerging markets were up 4.8%.”

Equity ETFs/ETPs gathered the largest net inflows over the month with $33.4bn, followed by fixed income ETFs/ETPs with $13.2bn, and commodity ETFs/ETPs with $5.5bn.

Year to date (YTD) through end of July 2016, ETFs/ETPs gathered net inflows of $175.3bn, below the record level of $199.1bn gathered at this point in 2015. Fixed income ETFs/ETPs have attracted the largest net inflows – and a record for the asset class thus far this year – with $80.8bn, followed by equity ETFs/ETPs with $48.4bn, and commodity ETFs/ETPs which have gathered a record level of $32.0bn.

iShares continues to dominate the market, gathering the largest net ETF/ETP inflows in July with $23.5bn and $64.0bn YTD. SPDR ETFs attracted $14.3bn in new money during July and $17.7bn YTD, with Vanguard gathering $7.2bn net inflows during July and $49.5bn YTD.

As of the end of July 2016, the global ETF/ETP industry had 6,476 ETFs/ETPs, with 12,342 listings, from 285 providers listed on 65 exchanges in 53 countries.