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 that assets invested in the Global ETFs industry hit a new Milestone with a Record US$17.34 trillion at the end of July.

During July, the ETFs industry globally gathered net inflows of US$191.55 billion, bringing year-to-date net inflows to YTD record of US$1.09 trillion, according to ETFGI’s July 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)

Global ETF Industry Hits New Milestone with Record $17.34 Trillion in AUM

The global ETF industry continues its remarkable growth trajectory, reaching a record $17.34 trillion in assets under management (AUM) at the end of July 2025—surpassing the previous high of $16.99 trillion set just a month earlier.

• Year-to-date (YTD) growth stands at 16.8%, with assets rising from $14.84 trillion at the end of 2024.
• July alone saw $191.55 billion in net inflows, underscoring sustained investor confidence.
• YTD net inflows of $1.09 trillion mark the highest on record, eclipsing previous highs of $944.18 billion in 2024 and $739.11 billion in 2021. Reflecting broad-based demand across asset classes and geographies.
• July 2025 marked the 74th consecutive month of net inflows, a testament to the structural resilience and appeal of ETFs.
• The Global ETFs industry had 14,640 products, with 28,937 listings, assets of $17.34 Tn, from 889 providers on 81 exchanges in 63 countries at the end of July.
• Equity ETFs and ETPs led the charge in July, gathering $89.43 billion, driven by strong performance and tactical allocations.

This surge in flows and AUM highlights the ETF industry’s central role in global portfolio construction, with increasing adoption across institutional, retail, and digital asset channels.

The S&P 500 Index rose by 2.24% in July, bringing its year-to-date gain to 8.59%. In contrast, developed markets excluding the US declined by 0.71% during the month, though they remain up 19.44% for the year. Denmark and the Netherlands experienced the largest monthly drops among developed markets, falling by 13.90% and 5.78%, respectively. Emerging markets posted a 1.63% increase in July and are up 13.22% year-to-date, with Thailand and the United Arab Emirates leading the gains, rising by 14.13% and 8.41%, 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 July

Growth in ETF Flows in July Highlight Diverging Trends Across Asset Classes

In July, global ETFs attracted $191.55 billion in net inflows, continuing the industry’s strong momentum. Here’s how different asset classes performed:

Equity ETFs brought in $89.43 billion, pushing YTD inflows to $477.82 billion—slightly below the $522.43 billion seen by this point in 2024, suggesting a modest slowdown in equity allocations.

Fixed income ETFs saw $35.74 billion in July inflows, with YTD inflows reaching $216.45 billion, outpacing last year’s $187.34 billion—a sign of growing demand for yield and portfolio diversification.

Commodity ETFs reversed last year’s outflows, gathering $3.11 billion in July and $44.96 billion YTD, compared to $2.75 billion in net outflows over the same period in 2024.

Active ETFs continued their breakout year, attracting $56.72 billion in July and $323.74 billion YTD, far exceeding the $189.29 billion gathered by this point last year—highlighting investor appetite for differentiated strategies.

These figures underscore a shift in investor preferences, with fixed income, commodities, and active strategies gaining traction amid evolving market conditions.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $73.99 Bn during July. Vanguard S&P 500 ETF (VOO US) gathered $12.53 Bn, the largest individual net inflow.

Source: ETFGI