Data showed that the global ETF industry held $9,951.4 billion in assets under management on September 30, 2023, accompanied by overall estimated inflows of $61.0 billion.
According to LSEG Lipper: Global ETF Industry Review: September 2023, North America took the lead with the highest estimated inflows at +$39.5 billion. Equity ETFs were the top performers, attracting +$44.9 billion in estimated net inflows. Equity US (+$28.7 bn) was the best-selling Lipper Global Classification for the month.
Vanguard emerged as the top-selling ETF promoter globally, with inflows of +$11.3 billion for the month.
Detlef Glow, head of EMEA research at LSEG Lipper, said: “The market sentiment was driven by hopes that central banks may have reached the last phase of their fight against high inflation rates and may, therefore, start to keep interest rates at least stable quite soon. Investor expectations about room for decreasing interest rates later this year might be too positive given the hawkish statements from the Fed and other central banks such as the European Central Bank and the Bank of England.
Investors remain wary of supply chain normalisation despite China’s economic recovery, particularly in the real estate sector, added Glow.
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