Currency-hedged exchange-traded products (ETPs) listed globally gathered US$3.13 billion (€2.7 billion) in net inflows during May: over ten times the inflows gathered in April according to figures published today by the research consultancy ETFGI.
Nevertheless, while year-to-date flows are now in positive territory they remain low in comparison with the same period last year.
Currency-hedged ETPs gathered net inflows of $2.23 billion in the five month to May 2018, compared to $14.3 billion during the same period of 2017.
At the end of May 2018, there were 743 currency-hedged ETPs or exchange-traded funds (ETFs), with 1,407 listings, assets of US$146 billion, from 68 providers on 28 exchanges in 21 countries.
Year-to-date through to end of May, currency-hedged ETF/ETP assets increased by 0.1%.
During the same five-month period the top 20 currency-hedged ETPs/ETFs collectively gathered $8.29 billion.
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