Assets under management in exchange-traded funds (ETFs) and similar products stood at $4.99 trillion at the end of the second quarter. The industry saw $85.47 billion of inflows during the period and, according to ETFGI, which publishes ETF data, the exchange-traded product (ETP) industry widened its lead over the hedge fund industry for assets under management. The gap between them was $1.75 trillion, ETFGI said, using hedge fund data from HFR. The hedge fund industry saw net outflows earlier this year but AUM increased.