Assets held in exchange-traded funds (ETFs) reached the US$7 trillion (€5.9 trillion) milestone for the first time at the end of August.
During the month ETFs and ETPs listed globally gathered net inflows of $55.18 billion, bringing year-to-date net inflows to US$428.25 billion: significantly higher than the US$272.62 billion gathered at this point last year.
The figures, from the ETFGI consultancy, also show that assets invested in the global ETFs/ETPs industry increased by 5.1%, from US$6.66 trillion at the end of July 2020, to US$7 trillion at the end of August.
August marked the 15th month of net inflows into ETFs globally and equity products, with inflows of $24.82 billion, attracted majority net inflows during August.
“The S&P 500 enjoyed its best August since 1986, gaining 7.2% in the month and up 9.7% year to date,” said founder Deborah Fuhr.
“The 24 developed ex-U.S. markets were all up for the month with the index up 5.5% – Norway (up 8.9%) and Japan (up 7.9%) gained most, while Iberian countries Spain (up 1.9%) and Portugal (up 0.2%) gained least.”
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