Exchange-traded products and funds (ETPs/ETFs) listed globally gathered net inflows of US$50.82 billion (€46.15 billion) in October to bring total assets in the vehicles to a new record of US$5.98 trillion.
The total is 3.0% higher than the figure for end September, according to figures published by the London-based consultancy ETFGI.
October’s inflows bring year-to-date global net inflows into ETPs/ETFs to US$401.19 billion: significantly higher than the US$379.12 billion gathered in the first ten months of last year.
“The Fed rate cut and the looming hope for an agreement between the US and China shaped a favourable investment environment in equity markets globally which led the S&P 500 to gain 3.2% during October,” said Deborah Fuhr, managing partner of ETFGI.
“The better performance of equity markets reflected into a new record high of $5.96 trillion and higher inflows of ETFs/ETPs exposed to equity indices rather than fixed income.”
At the end of October the global ETF/ETP industry had 7,846 ETFs/ETPs, with 15,752 listings from 428 providers on 69 exchanges in 58 countries.
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