US-listed ETFs have crossed a milestone that would have seemed absurd a decade ago: more than $1 trillion in net inflows before the calendar even flips to July. Goldman Sachs flagged the figure as evidence of what it calls “full-scale growth” in the wrapper that has quietly eaten the investment world.
To put that number in perspective, the ETF industry is now on track to potentially hit $2 trillion in annual inflows by year-end. That would mark a fourth consecutive year of record growth.
Where the money is actually going
June alone accounted for roughly $210 billion in net inflows. Of that, $103 billion flowed into equity ETFs, with technology-focused and S&P 500 products doing the heaviest lifting.
Vanguard’s S&P 500 ETF, VOO, has been a particular magnet, pulling in approximately $78 billion year to date through June.
