Investors poured a record $95 billion into exchange-traded funds (ETFs) in June. International stock ETFs led the charge, attracting $24.8 billion. This surpassed their U.S. counterparts for the second month in a row.
Vanguard’s S&P 500 tracker (VOO) saw $5.6 billion in outflows. This was its first month of net outflows since November 2022. On the other hand, iShares Core S&P 500 ETF (IVV) brought in $12.6 billion.
This reversed its year-to-date outflows. The ETF market continued to show strength in June. The net inflow of $95 billion topped the previous month’s $90 billion.
It also surpassed June 2024’s $87 billion. ETF inflows for the first half of 2025 reached a total of $535 billion. Most of this new money went into passive ETFs.
Index ETFs drew in $68.5 billion, including $8.4 billion to strategic-beta ETFs. Active ETFs collected $25.8 billion. VOO, IVV, and State Street’s SPDR S&P 500 ETF Trust are in a close race.
They are competing for the title of the world’s largest ETF by assets. VOO held the top spot despite its outflows. The iShares S&P 100 ETF has seen big inflows too.
It brought in $4.8 billion year-to-date. This beat its previous best annual inflow of $3.0 billion in 2023. The shift reflects the U.S. stock market’s concentration in a few large names.
These include Nvidia, Microsoft, and Apple. International equity ETFs benefited from strong performance. The Global Markets ex-US Index rose by 17.82% year-to-date through June 2025.
International ETFs lead investor interest
This outpaced the US Market Index’s 5.99% return. Uncertainty in the U.S. economy has likely driven investors overseas.
Tariffs are partly to blame for this. Ultrashort bond ETFs set records with $61 billion in inflows year-to-date. This surpassed their previous annual record of $58.7 billion from 2022.
The iShares 0-3 Month Treasury Bond ETF led the category. It drew in $19.9 billion in the first half of the year. Global bond ETFs also showed strength.
They beat their previous annual record with $2.6 billion in inflows in the first half of 2025. Several ETF providers achieved record inflows. These include YieldMax, T.
Rowe Price, Morgan Stanley, and BondBloxx. T. Rowe Price brought in $6.6 billion year-to-date.
This exceeded its previous annual record by $1.2 billion. BondBloxx has catered to more targeted fixed-income strategies. Its target-duration ETFs and Private Credit CLO ETF have shown momentum.
The latter raised over $100 million in its first six months. YieldMax continues to attract investors with its option-based ETFs. These are designed to increase cash distributions.
The strong showing of international stock ETFs reflects a strategic shift among investors. Economic uncertainties are a factor. The ETF market remains resilient and continues to grow.
It is setting records and attracting significant capital.
