Global exchange-traded funds and exchange-traded products last month experienced outflows for the first time in two years losing $3.98 billion. ETFs and ETPs currently manage some $2.04 trillion, down from their all-time high of $2.13 trillion at the end of May 2013, according to ETFGI.

Fixed income ETFs/ETPs experienced the largest net outflows with US$7.1 billion, followed by commodity ETFs/ETPs with US$3.8 billion, while equity ETFs/ETPs gathered net inflows with US$4.8 billion.

“Market uncertainty surrounding the future of QE programs and volatility in the markets caused investors to withdraw US$3.98 billion from ETFs and ETPs in June” according to Deborah Fuhr, managing partner at ETFGI.