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.
Asset growth in ETPs was 1.36% over the quarter, while hedge funds globally grew by 0.65%, ETFGI reported.
Growth in assets in the ETF/ETP industry has outpaced growth in the hedge fund industry since the financial crisis in 2008, said ETFGI.
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