ETF Industry Experienced Its First Monthly Outflow in Over Five Years

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The exchange traded fund universe has been steadily expanding but it unexpectedly shrunk in the month of May, experiencing its first month of global net outflows in over five years. According to ETFGI data, investors yanked $4.5 billion from global ETFs in May, breaking a back-to-back monthly inflow streak that dated back to January 2014, [...]

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