Mutual fund assets rose by 3.3% to $2.7 trillion at the end of May, while ETF assets jumped 5.2% month over month to $859.6 billion, the Securities and Investment Management Association (SIMA) reported on Wednesday.
Mutual funds experienced a 13th straight month of positive net sales, totalling $2.9 billion, up from $2.4 billion in April.
Bond funds recorded the strongest inflows at $1.4 billion, with specialty funds following at $855 million. Balanced funds brought in $588 million in net sales, a reversal from April, when they saw net redemption of $352 million. Equity mutual funds recorded just $63 million in inflows, and money-market funds just $10 million, compared with net redemptions of $299 million, $137 million and $643 million the previous three months.
For ETFs, equity funds saw the highest share of inflows at $8.7 billion, followed by bond funds at $2.6 billion, balanced funds at $1.1 billion and specialty funds at $1 billion, while money-market ETFs saw net sales of $183 million.
ETF net sales totalled $13.7 billion in May, a touch higher than April’s inflows of $13.6 billion.
Year-to-date, mutual fund net sales totalled $22.7 billion, ahead of the $15.7 billion recorded at this time last year.
ETF sales have been even stronger, totalling $86.6 billion to the end of May, up from $48.6 billion at this point in 2025.